Head, Financial Accounting (Downstream) at Oasis Africa Consulting

• To ensure accurate reporting of Client’s financial transactions/position and support effective management of the company’s financial resources.
• Develops and maintains a system of financial policies, procedures and controls for efficient financial management 
• Manages bank balances, interest income and expenses 
• Verifies payment requisitions for compliance with laid down controls 
• Develops measures or controls to ensure that all financial transactions are accurately captured and reported  
• Implements measures to ensure that the company’s receivables are effectively monitored and are kept to the minimum 
• Reviews periodic financial reports submitted by relevant departments/units and presents timely reports to Executive Management through the Group Head, Finance 
• Enforces policies and procedures to ensure that the company’s liabilities are minimised and payments promptly settled in line with agreed terms.
• Manages the intercompany accounting process 
• Approves monthly payroll for employees and outsourced personnel/service providers 
• Oversees the preparation of regular financial accounts  
• Performs a monthly preparation of Client’s liquidity position report.                                                            
• Establishes measures that ensure prompt preparation of required reconciliations, reviews reports for accuracy and to ensure that un-cleared and/or outstanding items are investigated.
• Supervises the fixed asset management process.                                                                                      
• Establishes procedures to secure, account for and monitor the acquisition, movement and disposal of fixed assets across the group. 
• Oversees the deduction and remitting of deductibles e.g. Pension Funds, PAYE  
• Computation and remittance of tax liabilities to the appropriate regulatory bodies 
• 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

• Minimum of 10 years relevant experience, 3 of which must have been in a Management position of an organisation, interfacing with the Executive team and Financial partners
• Minimum of a first degree in Accounting, Finance, Economics or any related discipline
• Relevant professional certifications e.g. 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 Desirable:
• MBA or Master’s degree in a related discipline

Skills

• Financial management, accounting, analysis      
• Financial reporting and budgeting      
• Accounts reconciliation      
• Cost and revenue management      
• Payables and debtor / receivables management      
• Fixed asset management      
• Financial modelling and analysis      
• Management accounting 
• Knowledge of relevant ERP Accounting applications e.g. SAP, 
• Oracle 

Competencies

• Communication (Verbal and Written)      
• Leadership       
• Attention to detail      
• Problem solving and analytical      
• Team development and management 

Key Performance Metrics 

Performance Area- Accounts Management

• Performance Measures/Indicators  
• Integrity of physical and electronic accounting information 
• Timely resolution of accounts discrepancies 
• Timely reconciliation of accounts 
• Number of timely losses identified 

Performance Area- Reporting 

Performance Measures/Indicators

• Feedback from external auditors & Regulators 
• Timeliness, completeness and accuracy of  financial reports  
• Level of usage of management reports for decision-making 
• Completeness of fixed assets inventory/register 

Performance Area- Statutory Compliance 

Performance Measures/Indicators

• Number of defaults recorded in payment of Tax, Pension 
• remittance and other statutory payments 
• Ratio of compliance cost to company’s revenue 

Performance Area- Asset and Fund Management 

Performance Measures/Indicators

• Accuracy and  of fixed asset records 
• Effective Monitors of income and expenditure 
• Accuracy of ledgers for accounts – Payables, Receivables etc.