Financial Controller at Meristem Securities Limited

The role of the Financial controller will be to Provide full financial and management accounting services to the Management, especially, MD/CEO.

The main responsibilities of the position include:

1.    Strategic

Ensure that an appropriate financial policy framework is in place to guide management decision-making, particularly in the areas of asset and liability management (ALM).
Establish comprehensive operational guidelines & workflows covering all business transactions and processes.
Maintain contacts and liaise with bankers, auditors, regulatory authorities (SEC, NSE, PFAs, and e.t.c), tax authorities (Federal & State) to ensure compliance and long term financial security and stability.
Participate in meetings of departmental heads as necessary and work closely with all departmental heads/management team, advising them on likely financial consequences of all proposed courses of action.
Be prepared to act as a member of the project management team as necessary.

2.    Financial / Accounting

• Ensure accuracy and integrity of all financial records and data input.
• Ensure production of accurate monthly and quarterly performance reports and management accounts.
• Ensure financial and other reporting systems are maintained in accordance with company’s accounting policies and relevant standards required by regulatory bodies, management and external auditors.
• Prepare weekly and monthly banks’ reconciliation reports.
• Ensure error-free trades posting into software(s) and timely settlement.
• Manage and monitor daily cash position to ensure effective liquidity management as well as minimize company’s exposures/liability
• Production and submission of quarterly reports and any other reports as may be requested to SEC in specified format.
• Ensure effective coordination of offers processes and returns rending to issuing houses.
• Ensure the appropriateness of the key financial assumptions included in the company’s strategic policies and budgets.
• Prepare annual accounts and report for consideration by Management & the Board.
• Maintain records to meet management, statutory & legal requirements.
• Provide full accounting services to the management including departmental financial analysis and exploring any potential problems with them in order to make appropriate budgetary decisions.
• Undertake such other financial analysis and reporting as requested by the management from time to time.
• Prepare and render tax returns (PAYE, VAT, WHT, e.t.c) as and when due.
• Plan and manage company’s tax liabilities.
• Evaluate the tax liability impact of complicated courses of actions, minimize tax burden and deal with tax authorities and other government agencies (Federal & State).
• Advise management & departmental heads on major financial issues as they arise.
• Manage and maintain fixed assets schedule and depreciation schedules.
• Manage and maintain the company’s payroll system.
• Prepare and submit staff monthly pension remittances to the PFAs.
• Manage and maintain the financial accounting systems for the company.
• Coordinate/facilitate annual budget and forecasts sessions.

Experience & Skill

• A minimum of first degree in any management science/social science related discipline preferably in accounting, economics/finance.
• Minimum of 5 years post-graduate work experience with a minimum of 3 years in a strategic/similar position in the financial services sector
• Professional qualification- A minimum of ACA/ACCA is compulsory while other qualifications such as ACS, ACTI, CFA will be added advantage.