Head, Finance & Accounts at Stockgap Fuels Limited

Details

• To coordinate all financial activities including planning, budgeting, forecasting and funding in order to facilitate optimal returns on funds invested in business operations through judicious use and application of financial resources

Duties and Responsibilities

• Support in the development of effective financial strategies, controls framework and management systems to guide and support business operations
• Coordinates the preparation of the Company’s annual budgets, monitors and reports performance against targets
• Prepares periodic statutory and management information reports
• Reviews all financial reports to ensure accuracy and consistency
• Liaises with external auditors, regulatory bodies authorities and financial management consultants
• Supports Chief Finance Officer in the coordination of annual Budget and consolidation of budget estimates for each Unit/Department for presentation to Management
• Prepares income statements, monthly closing accounting reports and journals, including depreciation, prepayments, provisions and accruals
• Reviews the financial performance of the business and provides necessary financial reports of the business such as budgets, tax and cash flows that provides information on the financial position to the CFO
• Compiles and analyses the Financial Reports generated by Accounts Officers in each Business Unit, consolidates and forwards to the Head Finance and ensures departmental compliance with financial policies, procedures and standards
• Manages accounting applications and filing systems and resolves any accounting entry discrepancies.
• Monitors the fixed asset ledgers to ensure accuracy of balances by effectively reconciling book balance to physical balance
• Reconciles all ledgers for the preparation of year end trial balances and financial reports
• Provides relevant support to internal and external auditors during audit reviews for smooth audit procedures
• Liaises with relevant external bodies/contacts e.g. solicitors, bankers as directed by the CFO, for effective operation of the finance function.
• Coordinates the statutory reporting process and preparation of the Group annual returns
• Approves accruals and adjustments on erroneously posted financial transactions into the financial system
• Responds to relevant requests from financial institutions

Qualifications and Experiences

• Minimum of ten (10) years relevant experience, 4 of which must have been in a Management position of an organisation, interfacing with the Executive.
• Minimum of Bachelor’s degree in Accounting, Finance, Economics or any related discipline (Second Class Upper Division/ HND Upper Credit)
• Relevant professional certifications e.g. Chartered Financial Analyst (CFA) , Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent
• Experience of statutory financial reporting and knowledge of GAAP, IFRS
• MBA or Master’s degree in a related discipline is an advantage