Professional Practice Manager at Institute of Chartered Accountants of Nigeria (ICAN)

Job Description

• The position reports to the Head of Department and assists in effective planning and management of the practice monitoring processes, procedures and activities.

Key Accountabilities

• Organizes and participates in regular practice review of audit firms and ensures that firms’ data are up-to-date;
• Regularly reviews and updates the Institute’s Statements of Membership Obligations (SMOs) and Dashboard Report (DBR);
• Coordinates mentoring programmes for the Small Medium-sized Practices (SMPs) as well as initiatives to merge their practices;
• Coordinates the Institute’s International Desk, Help Desk and Help Portal;
• Oversees the processes and procedures involved in the issue and renewal of practice licence to members; seal and repair of damaged ones; the application and documentation of attachment of members in audit firms and; change of firm’s name.
• Conducts unannounced due diligence on firms on regular basis for the purpose of verification and practice validation as may be required from time to time.
• Organizes meetings and prepares minutes of both Professional Practice Committee (PPC) and SMP Committee as well as draft report on recommendations to the Council;
• Monitors the websites of affiliated international organizations and the likes for recent developments in the industry.
• Organizes sensitization sessions for Big and SMPs firms on the new changes in the Institutional practice policies and regulations either physically or virtually.

Skills / Competencies:

• This role requires strong knowledge of both qualitative and quantitative research methodology, ability to evaluate and interpret financial statements with a sound financial management capability.
• The ideal candidate must be innovative, inquisitive and research-inclined with good understanding of the global economy and key development imperatives.
• The role also requires strong communication and analytical skills, confidence, integrity and demonstrated ability to effectively engage diverse groups of people both within and outside the Institute.

Education and Experience

• B.Sc / HND in Accounting, Economics, Finance and Management
• Qualified member of the Institute of Chartered Accountants Of Nigeria (ICAN)
• A Master's Degree in relevant fields is an advantage
• Minimum of 5 years relevant post professional qualification experience
• Practical and Specialist knowledge in any of the following specified areas:
  • Financial Reporting and Auditing
  • Management Accounting & Strategy
  • Tax and Laws
  • Excellent understanding of Practical Audit Practice in both Internal and External perspective
  • Strong understanding and experience of Practice Review in line with the new ISQM 1 and other International Standards
  • Excellent written and verbal communication skills
  • Reporting and Escalating to relevant Stakeholders, areas of non-compliance identified during the course of review.
  • Ability to multi-task with little or no supervision and provide the quality deliverables with respect for deadlines.