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

Department: Professional Practice

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 and is responsible for implementing strategies to ensure ICAN's operations comply with regulatory and ethical standards, and developing necessary policies and procedures to monitor member adherence to international accounting standards.

Key Accountabilities

• Review and update of the Institute’s Statements of Membership Obligations (SMOs) approved by IFAC in 2015 by PPC (formerly PPMC);
• Review and update of the Institute’s SMOs to measure the level of the Institute’s adoption and support for the implementation of Quality Control, International standards on Auditing, Ethics, Accounting Education etc.;
• Review and update of Dashboard Report (DBR) to assess the status of ICAN adoption of International Standards and the level of the Institute’s fulfillment of IFAC membership requirements;
• Review and Publication of the revised ICAN Code of Conduct and Guide for Members to measure the extent to which ICAN Code complies substantially with the IESBA Code and international best practices;
• Presentation of new processes and procedures to Council for approval to ensure adequacy of the processes and procedures proposed for the new approach to practice review;
• Carry out Practice Review to determine the level of compliance of audit firms to the auditing and accounting standards as well as Code of ethics and the relevant laws and regulations;
• Responsible for managing ICAN Help Desk to assist members with technical issues;
• Creation of an ICAN Portal for Practitioners to explore areas in which members in practice can obtain information on technical matters;
• Coordination of Mentoring programmes for the SMPs leveraging on internal and external relationships with Accounting industry leaders, such as audit firms, etc.;
• Develop and monitor training programmes for ICAN SMP Academy to promote professional development;
• Develop relationships and agreements between ICAN and other professional bodies to increase level of cooperation;

Education and Experience

• B.Sc / HND in Accounting, Economics, Finance and Management
• Qualified member of the Institute of Chartered Accountants Of Nigeria (ICAN)
• A Masters degree in relevant fields is an advantage
• Minimum of 8 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
  • Professionalism
  • Leadership skills
  • Developing others
  • People management skills
  • Excellent organizational skills
  • Attention to details
  • Strong analytical and critical thinking skills
  • Decision making skills
  • Time management
  • Excellent verbal and written communication skills
  • Ability to prioritize goals
  • Interpersonal skills
  • Ability to analyze problems and create solutions
  • High level of confidentiality

Skills / Competencies:

• This role requires very strong practical and comprehensive knowledge of writing professional reports;
• Strong knowledge of industry processes and regulations, regulatory developments as well as evolving best practices;
• 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.