Unit Head, Accounts Department HND / BA / BSc Job2023-11-20 11:03 Administrative / Management Lagos 21 views
Location: Lekki, Lagos
Employment Type: Full-time
The primary objective of the role is to provide leadership and strategic direction of efficient use of the company resources to maximize shareholders' return and meet other stakeholders’ expectations.
This role will also be accountable for the financial operations of the company which includes the development of financial and operational strategy, monitoring of performance control systems that are designed to preserve the assets of the company, financial budgeting and tracking, and strategic financial planning.
Principal Duties & Responsibilities
Provide insight and recommendations to drive both short and long-term growth strategies of the company.
Create and establish yearly financial objectives and targets that align with the Company’s growth plans.
Oversee the preparation of the company’s annual budget.
Approve all capital requests and budgeting processes.
Oversee cash, investments, and asset management.
Explore new investment opportunities and provide recommendations on potential returns and risks.
Cash Flow Management:
Manage company’s cash flow planning process and ensure funds availability.
Use forward-looking models and activity-based analyses to provide financial insights into the organization’s plans and operating budgets.
Oversee the company’s cash management, approve large payable, sign checks.
Supervise accounts receivable management and provide guidance relating to the collection process.
Assess and evaluate financial performance of the company with regards to long-term operational goals, budgets, and forecasts
Understand and mitigate key elements of the company’s risk profile.
Monitor all open legal issues relating to financial matters.
Develop appropriate key performance indicators to monitor and drive the financial performance of the company.
In conjunction with Management and Board, provide guidance for the development and implementation of appropriate strategies for long-term business continuity and delivery of shareholder values.
Recommend to the board an annual operating plan and financial budget that supports the company’s financial strategy.
Negotiate with financial institutions and vendors concerning service line agreements.
Regulatory Compliance and Reporting:
Ensure that the company complies with all legal and regulatory requirements.
Report risk issues to the audit committee of the Board of Directors
Design and implement policies and processes for internal control to minimize business risk and comply with local and internal accounting standards.
Coordinate the preparation of the company’s financial statements, ensuring appropriate disclosures and supporting statements are included.
Review and approve, in consultation with the Head of Legal, the company’s annual and interim earnings releases, financial statements, and management discussion and analysis.
Motivate and lead the finance team members by clarifying roles and providing helpful feedback.
Make improvements and updates for accounting systems, including payroll and invoicing.
Monitor the company’s financial activities in respect of financial arrangements.
Ensure that safeguards are applied to mitigate threats that could hamper the true and fair view of the financial statements.
Oversee the development and implementation of finance policies and initiatives.
Perform other duties or responsibilities that may be reasonably required from time to time and in relation to services provided by the organization.
Minimum of Bachelor’s Degree in a Numerate discipline such as Finance, Accounting, Economics
The ideal candidate will have at least 7- 10 years of experience from a similar position in a multinational group.
With at least 5+ years’ post-graduation experience working in senior positions in Finance/ related roles as senior Accountant, CFO Assistant, or as a Unit Head, Accounts Department.
An MBA or relevant master’s degree in any business-related discipline will be an added advantage.
Relevant professional certifications such as Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), or Association of Chartered Certified Accountants (ACCA) are required.
Requirements and Skills:
Strong verbal and written communication skills; strict attention to detail
Excellent time management and multi-tasking abilities
Comfort with ambiguity and uncertainty
Drive and enthusiasm in getting things done.
In-depth knowledge of Financial Reporting
Understanding of regulatory compliance
Experience in using relevant accounting software.
Knowledge of tax planning and management
In-depth knowledge of International Financial Reporting Standards (IFRS)
Strong Interpersonal skills to manage broad-based internal and external stakeholders.
Conflict Management skills
Effective organizational and interpersonal skills including written and verbal communication skills.
Salary: N500,000 - N700,000 monthly (Negotiable)
Other Benefits: HMO, Pension
Application Closing Date
1st December, 2023.
How to Apply
Interested and qualified candidates should send their CV to: Samuel.email@example.com using the Job Title as the subject of the mail.