Head of Accounts Department at Lagos Commodities and Futures Exchange (LCFE)

• We are seeking a highly experienced, strategic and meticulous Head of the Accounts Department to lead our finance and accounting operations.
• This pivotal role requires an expert understanding of financial reporting, regulatory compliance within the capital markets, and the specialized accounting treatment necessary for an exchange environment.
• This role is responsible for ensuring the financial integrity and transparency of the Exchange.

Key Responsibilities

The Head of Accounts will be responsible for, but not limited to:

• Financial Leadership & Reporting: Directing the preparation of all internal and external financial statements (monthly, quarterly, annual), management accounts, and specialized regulatory returns in accordance with IFRS/GAAP standards.
• Regulatory Compliance: Ensuring all financial activities, reporting, and statutory obligations comply with the specific requirements of the Exchange, the Securities and Exchange Commission (SEC), and other relevant financial regulators.
• General Ledger & Control: Overseeing the entire accounting cycle, including journal entries, accounts payable/receivable, payroll, and fixed asset management, ensuring the accuracy and integrity of the general ledger and all financial data.
• Budgeting and Forecasting: Leading the annual budgeting process, performing detailed variance analysis, and preparing reliable financial forecasts to support strategic business decisions by the Executive Management.
• Audit Management: Acting as the primary liaison for both internal and external auditors, ensuring a smooth audit process and the timely resolution of all audit queries and control weaknesses.
• Taxation & Treasury: Ensuring compliance with all local and national tax regulations. Monitoring the Exchange’s cash flow position, managing bank relationships, and advising on treasury operations.
• Team Management: Leading, mentoring, and developing the Accounts Department staff, fostering a culture of adherence to strict financial controls and professional ethics.

Qualifications and Requirements

• Education: Bachelor’s degree in Accounting, Finance, or a related field is required. A Master's degree (MBA/M.Sc.) is an advantage.
• Professional Certification: Mandatory possession of a recognized professional accounting qualification (e.g., ACA, ACCA, CPA, or equivalent).
• Minimum of 8-10 years of progressive experience in finance and accounting, with at least 3-5 years in a senior leadership or management role. Prior experience within a Securities Exchange, Commodities Exchange, Clearing House, or regulated Capital Market Financial Institution is essential.