Senior Management Accountant

Job Purpose

• The Senior Management Accountant supports management planning and decision making by providing analysis and reporting on key financial information emanating from business operations, cashflow, income, and expenses.
• The role also supports cost and revenue optimization by generating and monitoring forecasts, budgets, and risk analysis.
  

Job Purpose

• The Senior Management Accountant supports management planning and decision making by providing analysis and reporting on key financial information emanating from business operations, cashflow, income, and expenses.
• The role also supports cost and revenue optimization by generating and monitoring forecasts, budgets, and risk analysis.
  

Management Accounting:

• Maintain documented system of accounting policies and procedures.
• Improve the company’s accounting operations, especially the control systems, transaction-processing operations, policies and procedures.
• Forecast cash flow positions and available funds for investment.
• Ensure sufficiency of funds to meet operational and capital investment requirements.
• Maintain relationship with company bankers.
• Maintain payment relationship with the suppliers.
• Prepare reports on the company’s assets, financial performance, liquidity and main risks.
• Liaise with other departments to ensure timely preparation and review of financial accounts.
• Prepare timely, regular management accounts for the company.
• Prepare consolidated financial statements in accordance with International Financial Reporting Standard (IFRS).
• Assist in preparation of investment reports.
• Implement financial risk controls for all bank accounts, portfolios and funds of the company.
• Perform regular risk/return analysis on across the company’s asset classes/operations.
• Schedule regular compliance reviews in accordance with internal policies, procedures and practices.
• Manage the preparation of company’s budget and in delivering the budget process.
• Timely reporting to management on budget variances and rational for such variances.
• Support financial analysis as needed, in particular for capital investments, pricing decisions and contract negotiations.
• Compile key business metrics, financial results and report them to management timely and regularly.

Internal Control & Audit Management:

• Prepare Management Accounts for financial audit exercise.
• Coordinate the provision of information to external auditors for annual audit.
• Review the internal control processes including financial controls for likely submission to external auditors, upon request.
• Liaise with external auditors for the Prepare By Client (PBC) checklist and provide authorized feedback as necessary.
• Attend to auditors queries and complaints for immediate resolutions.
• Update the GL/Control Accounts with the approved audit adjustment journals.
• Conduct and direct audits and ongoing reviews of organization controls, operating procedures, and compliance with policies and regulations.
• Prepare Trial Balance with lead schedules for the control account balances for audit purposes.
• Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls, and timeliness of documentation generation.
• Assess the adequacy and extent of programs designed to safeguard organization assets; Compile and issue reports detailing conclusions and providing recommendations for improvements.
• Support internal quality and safety procedures and controls in line with international safety standards (ISO).
• Drive the development and implementation of Standard Operating Procedures and process frameworks across the organization.
• Recommend employee training and modifications to procedures as needed.
• Serve as liaison for all regulatory agencies.

Management of Taxes and Statutory Contributions

• Advise on best practice for tax planning with appropriate tax rates full compliance and prevention of sanctions.
• Obtain information on taxes and statutory contributions from relevant designated authorities to update the internal business processes.
• Develop a robust policy on tax compliance, deductions, remittances and reporting.
• Compute accurate taxes (CIT, EDT, WHT, VAT) based on standard rates and basis.
• Advise with approved memo for taxes payable.
• Ensure timely filing of tax returns (WHT & VAT) with all relevant authorities to avoid penalties and fines.
• Work with internal stakeholders to make available clean tax status and evidence of remittances.
• Process and obtain yearly tax clearance certificates for corporate and individual employees.
• Liaise with tax authorities on audit and reconciliation exercise.
• Respond to tax queries and attend tax reconciliation meetings.
• Prepare and file tax reconciliation and close-out reports.
• Ensure compliance with state and federal government reporting requirements and tax filings