Assistant Head of Accounts at Baobabplus

Job Summary

• The Assistant Head of Accounts will support the Head of Accounts in managing the organization’s financial operations, reporting, compliance, and ensuring the effective execution of accounting procedures.
• This role also involves supervising the accounts team, maintaining internal controls, handling tax-related activities, and supporting strategic financial planning.

Main Duties and Responsibilities

• Assist in preparing monthly, quarterly, and annual financial statements.
• Ensure compliance with financial regulations and internal controls.
• Analyze financial data to identify trends, variances, and opportunities for improvement.
• Oversee the computation, filing, and remittance of all statutory taxes (e.g. VAT, WHT, CIT, PAYE, Pension).
• Ensure compliance with Nigerian tax laws and regulations, including timely submission of tax returns.
• Liaise with tax authorities (e.g., FIRS, LIRS) to resolve tax queries and audits.
• Maintain accurate tax records and provide support during external audits and reviews.
• Oversee accounts payable and receivable processes to ensure timely payments and collections.
• Ensure accuracy and completeness of transactions in the accounting system.
• Work with auditors and regulatory bodies during audits and reviews.
• Monthly proof of all Treasury Assets and Liabilities General Ledgers.
• Provide guidance and supervision to the accounting team.
• Organize training and development initiatives for team members.
• Identify areas for improvement in accounting and tax processes and recommend solutions.
• Assist in the implementation of accounting software and automation tools.
• Support the Head of Accounts with special financial projects as required.

Qualifications

• The ideal person must possess a minimum qualification of a good First Degree in any related feild.
• Must possess a relevant professional certification of ACA, ACCA.
• Must possess a minimum of five (5) years of post-qualification experience in Finance and Accounts Functions of a National Microfinance Bank or a Commercial Bank.
• Must have experience in coordinating external audit of the Accounts activities with one of the top 4 audit firms (PwC, KPMG, Deloitte, EY).
• Excellent leadership, communication, and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and stakeholders.
• Strong analytical and problem-solving skills, with the ability to promptly identify and address project risks and issues.

Required Skills:

• Leadership Abilities: Strong leadership and team management skills, with the ability to motivate and inspire team members to achieve project objectives.
• Analytical Thinking: Strong analytical and problem-solving skills, with the ability to identify and address issues proactively.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage multiple projects simultaneously.
• Attention to Detail: Meticulous attention to detail, ensuring accuracy and quality in all project deliverables.
• Negotiation Skills: Strong negotiation and conflict resolution skills, able to resolve disputes and drive consensus among stakeholders.

Technical Competence:
Must be trained and proficient in the use of all basic and several advanced Microsoft Office applications, Banking and Accounting software including:

• Microsoft Advance Excel, Word, PowerPoint, and Access.
• Globus Temenos T24 Banking Application
• Sage Pastel and Sage X3 Accounting Package
• Financial analysis and modeling tools
• Indept knowledge of IFRS and FRCN Rules.