Senior Management Accountant at WTS Energy Full Time

Job Title: Senior Management Accountant

Location: Lagos, Nigeria
Employment Type: Permanent

Job Purpose

• The Senior Management Accountant supports management planning and decision making by providing analysis and reporting on key financial information emanating from business operations, cashflow, income, and expenses.
• The role also supports cost and revenue optimization by generating and monitoring forecasts, budgets, and risk analysis.

Management Accounting:

• Maintain documented system of accounting policies and procedures.
• Improve the company’s accounting operations, especially the control systems, transaction-processing operations, policies and procedures.
• Forecast cash flow positions and available funds for investment.
• Ensure sufficiency of funds to meet operational and capital investment requirements.
• Maintain relationship with company bankers.
• Maintain payment relationship with the suppliers.
• Prepare reports on the company’s assets, financial performance, liquidity and main risks.
• Liaise with other departments to ensure timely preparation and review of financial accounts.
• Prepare timely, regular management accounts for the company.
• Prepare consolidated financial statements in accordance with International Financial Reporting Standard (IFRS).

Internal Control & Audit Management:

• Prepare Management Accounts for financial audit exercise.
• Coordinate the provision of information to external auditors for annual audit.
• Review the internal control processes including financial controls for likely submission to external auditors, upon request.
• Liaise with external auditors for the Prepare By Client (PBC) checklist and provide authorized feedback as necessary.
• Attend to auditors queries and complaints for immediate resolutions.
• Update the GL/Control Accounts with the approved audit adjustment journals.
• Conduct and direct audits and ongoing reviews of organization controls, operating procedures, and compliance with policies and regulations.
• Prepare Trial Balance with lead schedules for the control account balances for audit purposes.
• Review and appraise the soundness, effectiveness, and proper application of accounting and financial controls, compliance procedures and controls, and timeliness of documentation generation.

Management of Taxes and Statutory Contributions:

• Advise on best practice for tax planning with appropriate tax rates full compliance and prevention of sanctions.
• Obtain information on taxes and statutory contributions from relevant designated authorities to update the internal business processes.
• Develop a robust policy on tax compliance, deductions, remittances and reporting.
• Compute accurate taxes (CIT, EDT, WHT, VAT) based on standard rates and basis.
• Advise with approved memo for taxes payable.
• Ensure timely filing of tax returns (WHT & VAT) with all relevant authorities to avoid penalties and fines.

Requirements

• Minimum of 10 years experience in accounting, treasury operations or corporate finance
• Audit experience with the big four is an added advantage

Benefits

• Statutory obligations (Pension, HMO, Group Life)
• 13th Month
• Leave Allowance
• Bonus based on Company’s Performance
• Annual salary range is NGN 8m 11m.

Application Closing Date
Not Specified.