Head Subsidiary Finance
Head Subsidiary Finance
Posted on :
15-01-2025
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1 Vacancy
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Job Description
Our client is a key player in the financial service sector. They are currently looking to hire a Head subsidiary finance.
JOB OBJECTIVE:
To coordinate subsidiaries financial management and regulatory reporting system (Management reporting and review statutory reporting and compliance returns budget and budget control) to ensure business integrity enable profitable and sustainable growth and shareholder value creation.
ACCOUNTABILITIES
1. Coordinate the preparation of periodic management account and analysis.
2. Coordinate timely preparation of Group ExCo Report with analysis to aid Management decision in line with set targets.
3. Prepare Interim Financial Statements for the holding company as well as group financials and analysis.
4. Setup accounting system for new subsidiaries and coordinate the preparation/ review of other subsidiaries account.
5. Prepare board reports with analysis of variance with previous month and Budget; highlighting level of achievement on
previously communicated initiatives and new strategies by Opco Business teams to improve performance.
6. Oversee the application of new relevant IFRSs compliance with regulatory guidelines proper classification and mapping
of SFP and SOCI items in financial Statements.
7. Develop subordinates skills and competencies by planning development activities related to current & future job
responsibilities.
KEY PERFORMANCE INDICATORS
FINANCIAL
Cost savings
Company profitability
PROCESS & OTHERS
Develop relationships across Opco Departments to maintain information flow crucial to the accuracy of financial records Zero tolerance for inaccurate reports
Ensure adequate internal control in all accounting processes.
Weekly Income/cost assurance to prevent income leakage.
Validation of output from thirdparty applications reported.
Timely and accurate monthly financial reports at Group level (to EXCO and Board)
Minimal audit adjustments on account of financial reporting including consolidated SFP consolidated P/L and consolidated Cash Flow
REQUIRED COMPETENCIES
FUNCTIONAL/TECHNICAL COMPETENCIES:
Strategy Execution
Policy Formulation & Implementation
Understanding of CBN guidelines
Financial Accounting
Financial Reporting
Corporate Finance
Financial Modeling
Data/Information Management
Fixed Assets Accounting
Management Accounting
Stakeholder Management
Knowledge of Relevant Regulations & Provisions
GENERAL COMPETENCIES
Communication Skills
Reporting
BEHAVIORAL COMPETENCIES
Interpersonal Relations
Initiative
Decision quality & Problem solving
Time & SelfManagement
ORGANIZATIONAL COMPETENCIES
Attention to Detail (Excellence)
Continuous Learning
Drive for Results (Efficiency)
Customer focus
Employment Type
Full Time
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