Chief Accountant at AB Microfinance Bank

Ref Code: CACCT/SEPT/2017
Location: Lagos

Main Responsibilities

• Ensure the Accounts Procedures and Manuals are up to date, reflect and regulate the processes in the Accounts Department at all times and advise the CFO on changes to the Procedures to improve work flows and mitigate risks.
• On own initiative, identify risks and areas needing improvement within all processes in the Accounts department and mitigate them by adjusting underlying processes.
• Act as a direct supervisor to all Accounts staff to ensure an effective and efficient discharge their duties at all times
• Review the finance Accounts members work on a regular basis and address their performance through timely feedback and coaching.
• Responsible for the preparation of monthly, quarterly and annual Management Accounts and accompanying notes within prescribed deadlines.
• Ensure that financial transactions are recorded and classified in accordance with International Financial Reporting Standards (IFRS) and approved financial reporting standards.
• Coordinate the preparation of the annual and bi-annual AccessHolding reporting package within prescribed deadlines.
• Ensure that all bank statements are reconciled, and the reconciliations reviewed and signed on a monthly basis within prescribed deadlines.
• Ensure that all E-Banking transactions are reconciled, differences investigated and resolved within defined timelines.
• Analyze financial discrepancies (revenues, expenditures, assets, liabilities and equity), determine budget variances, provide explanations for such variations and recommend effective solutions to the CFO.
• Ensure that statutory deductions (WHT, PAYE, Pension etc.) are correctly deducted and remitted with supporting schedules within prescribed deadlines.
• Ensure the proper computation and timely remittance of all other statutory payments. These include but not limited to VAT, Income taxes, Tertiary education tax and Information technology levy

Qualifications Experience, and Knowledge

• B.Sc. or Higher National Diploma in Accounting/Finance/Economics.
• Must be ACA, ACCA certified or any relevant professional qualification
• At least 7 years’ post professional certification (ICAN, ACCA, etc.) relevant experience.
• Good working knowledge of IFRS
• Good MS Office skills particularly strong capabilities in MS Excel
• Strong accuracy and analytical skills
• Strong ability to make projections and forecasts
• Proven strong interpersonal, communication and organizational skills
• Ability to work under pressure.