Reporting & Consolidation Manager at Lafarge Cement

SUMMARY 

The role is responsible for ensuring proper and timely closing of accounting periods, including reporting of financial information to internal and external stakeholders including Group, Country Management, the Board of Directors and relevant regulatory authorities including SEC, NSE, and Financial Reporting Council.

RESPONSIBILITIES

GL Period Closing Administration

• Maintain period closing and fiscal year change in SAP
• Manage period closing cockpit
• Manage statistical key figures
• Responsible for all FI valuation runs, provisions and discounting
• Maintain and display period lock

General Accounting

• Create and change consolidation units
• Display hierarchy
• Enter and upload financial data
• Run and display drilldown reports
• Consolidation and change of investments
• Create, change, delete and display standard layouts, libraries, reports and report groups
• Create, display and change model
• Import and export reports and models
• Display, delete and print extracts

Fixed Assets Management Functions

• Manage a system of controls, procedures, and forms for recording/creating fixed assets.
• Recommend to management any updates to accounting policies related to fixed assets.
• Assign tag numbers to fixed assets and oversee fixed assets verification exercise
• Record fixed asset acquisitions and dispositions in the accounting system.
• Track the compilation of project costs/Capital expenditures into fixed asset accounts, and capitalise those projects once they have been completed.
• Reconcile the balance in the fixed asset module to the summary-level account in the general ledger
• Calculate depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets movement
• Investigate and manage critical spares which meets capitalisation criteria.
• Conduct periodic impairment reviews for all tangible and intangible assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.
• Represent the company during any audits that involve fixed assets.
• Track company expenditures for fixed assets in comparison to the capital budget and management authorizations

Reporting & Consolidation Functions

• Perform consolidations in order to produce internal and external financial reporting.
• Prepare statutory information and validate the data used to compile statutory results
• Contribute to ad hoc financial reporting by ensuring the correct level of support is available for the preparation of any ad hoc financial report.
• Prepare statements reporting the financial position, cash flow and results of the business to Group, Country management, the board
• Produce and file quarterly and annual returns with SEC, NSE, FRC
• Prepare quarterly press release on the results
• Prepare quarterly board papers
• Monitor and ensure timely identification and compliance with evolving accounting guidance
• Provide IFRS interpretation and prepare technical memorandums that document issues in a clear, logical and comprehensive manner
• Manage communications with external auditors on external financial statements and accounting issues to ensure auditors’ agreement with company decisions on accounting disclosures, and issues
• Assist in the coordination of annual audit and quarterly review activities of external auditors
• Implement and maintain reporting procedures to comply with internal control requirements
• Be the lead and provide technical expertise on the financial reporting tool.
• Perform continuous assessment of the close process and process re-engineering to reduce the timing to close the financial period.
• Support month end and year end closing
• Ensure timely submission of monthly reports to the group
• Ensure that all data and information provided in is reliable, correct, and updated.
• Identify, implement and communicate process improvements.

JOB DIMENSIONS

List of direct reports:

• Reporting & Consolidation Analyst

Key interfaces, stakeholders and relationships:

Internal to the Country Shared Services

• Head, Finance Shared Services

External to the Country Shared Services

• Master Data Management
• Finance & Control
• The Group
• Country legal department
• Other Country Shared Services counterparts
• Reporting & Consolidation Team in the Group

External to the Group

• External auditors

PROFILE REQUIRED

Education & Qualification

• B.sc / HND (Accounting/Social sciences)
• ACA /, ACCA (compulsory)
• 7 years post NYSC working experience with minimum of 5 years on similar role and in Managerial position.

Technical / Functional Skills:

• Good knowledge of an ERP environment – ideally JDE or SAP
• Practical knowledge of IAS, IFRS
• Internal controls
• Advance MS-Excel Knowledge
• Practical understanding of LHARP

Behavioral Competence:

• Effective communication skills
• Good analytical skills

Leadership and Managerial Abilities:

• Strong leadership skills
• Management oriented towards performance and results
• Ability to pay attention to details

Mobility Requirements:

• Relatively Mobile