Head, Transaction Control at Lagos Business School

MAIN PURPOSE OF JOB:             Ensure compliance of business transactions with SOPs, correctness of accounting transactions, accuracy of records and proper management of same; review finance department processes and recommend updates; ensure adequacy of controls over the assets of the organisation; carry out periodic internal audits/reviews and leads preparation for annual statutory audits and tax audits.

KEY JOB RESPONSIBILITIES

• Review adequacy of controls, systems and processes to secure the organisation’s revenues and resources.
• Carry out periodic reviews/audits of critical transactions and balances to eliminate errors and close identified gaps.
• Review all transactions prior to posting into ledgers to ensure accuracy of ledger balances.
• Review monthly reconciliation of bank and cash accounts and ensure prompt resolution of all reconciliation items.
• Ensure proper accounting for investments and maintain adequate records of same
• Ensure compliance with control procedures over cash transactions.                                       
• Manage fixed asset administration and ensure adequacy of accounting processes for fixed assets. 
• Ensure adequacy of inventory management processes and compliance with same.
• Ensure adequacy of records management in the Finance Department
• Any other duties as may be assigned by line manager from time to time

GENERIC COMPETENCIES

• Numerical, analytical and critical thinking competencies
• Strong people skills
• Strong planning and execution skills
• Strong oral and written communication skills; ability to write clear concise reports
• Ability to work in a team

TECHNICAL COMPETENCIES

• Very sound grasp of accounting principles and application
• Proficiency in the use of enterprise accounting applications
• Expert level proficiency in MS Excel
• Strong proficiency in carrying out audits and reviews
• Sound working knowledge of Nigerian tax law and practice

QUALIFICATIONS 

Minimum of a Bachelor’s degree or its equivalent in any field

Professional Qualification

ACA, ACCA or CPA or equivalent professional accounting certification

COGNATE EXPERIENCE

Minimum of 5 years’ experience in a similar role in a medium or large organization plus experience in the professional audit practice of a recognized accounting firm.