Saturday, 16 January 2016

Group Head, Accounts at Petronomics Advisory Services Limited

Petronomics Learning and Development has been relied upon by industry practitioners and their advisors for its building Logoof competence over the years. Given our pedigree, it is no surprise that we are trusted provider of superior intellectual resource pool that leading industry practitioners approach to bridge competency gap in the industry.

We are recruiting to fill the position of:

 Group Head, Accounts


Job Description
  • To coordinate the financial activities of the entire group (including planning, budgeting, forecasting and fund sourcing) ensuring the cost-effective utilization of group’s resources so as to yield optimal returns on investments.
Key Responsibilities
  • Develops annual plans and budgets for the Finance department to support the achievement of the corporate strategy
  • Develops, updates, and implements financial and accounting policies, procedures, and strategies across the organization.
  • Advises Executive management to changes in financial regulations, legislation as well as changes in competition and market trends.
  • Establishes and maintains accounting practices to ensure accurate and reliable data is available for business operations and planning.
  • Provides financial advice on the organization’s short, medium and long term cash, funding, and risk situation to Executive management.
  • Coordinates the preparation of the corporate budget and supports Heads of departments in the formulation of cost management measures.
  • Develops and implements a robust and reliable financial reporting system for the organization.
  • Ensures effective management of the organization’s financial resources, and compliance with annual Budgets.
  • To provide effective analytical and cost accounting support for the organization’s operations.
  • To effectively manage all payable and receivable accounts to ensure the availability of funds to finance business operations.
  • To ensure the accurate recording of financial transactions, and the prompt reconciliation of all accounts.
  • Develops and manages relationships with relevant external bodies/ contacts e.g. regulatory organizations, auditors, solicitors, banks etc.
  • Oversees the prompt administration of monthly payrolls, staff allowances and benefits, tax remittance, payment of insurance premiums and other statutory fees.
  • Liaises with external and internal Auditors for the smooth performance audit operations, and deals with any queries from the Auditors.
  • Develops and utilizes financial models and activity based financial analysis to provide a basis for investment decisions and business planning
  • Advises the Board and management on liquidity, investment and financial asset management.
  • Represents the company to financial partners, including financial institutions, investors, auditors, public officials, etc.
  • Manages key banking relationships to facilitate proper, timely and cost- effective funding of business operations.
  • Implements and ensures compliance with the accounting policies and procedures of the group in line with financial regulatory standards.
  • Oversees the preparation and communication of timely, accurate, and useful financial and management reports for investors, lending institutions and the Board of Directors on a periodic and /or ad-hoc basis.
  • Coordinates the preparation and consolidation of statutory annual accounts and ensures compliance with all accounting and reporting requirements set out in the Companies & Allied Matters Act.
Key Performance Indicators (KPI):
  • Accounts Management
  • Efficiency of Financial Control Systems
  • Financial Risk Management and Controls
  • Financial Reporting
  • Budget & Planning
  • Treasury Management
  • Tax Compliance
  • Relationship Management
  • Reporting: Prompt submission of Monthly and Quarterly performance reports.
Key Skills and Competencies:
  • Highly skilled in corporate finance methodologies, risk management, forecasting and control.
  • Good knowledge of best practice finance policies and procedures.
  • Good knowledge of accounting systems and practices.
  • Proficiency in the use of relevant computer applications for financial reporting.
  • Budgeting, financial forecasting and cost control.
  • Investment planning and portfolio management.
  • Financial reporting and Tax planning/management
  • Strong project management skills
  • Good customer relationship management skills
  • Excellent interpersonal and negotiation skills
  • Presentation and communications skills.
The ideal candidate should have:
  • Minimum of B.Sc/HND in Accounting and professional membership i.e. ACA,ACCA, CPA, or ICMA is essential.
  • 10 years cognate experience in managing a group of companies into several product lines with not less than 5 years in managerial role.
  • Excellent analytical skills and knowledge of Microsoft Office and Computer based accounting software.
  • Articulate, excellent interpersonal skills, excellent written and oral communication skills.
  • Commercial & result-oriented in seeing the meeting point between Accounting practices and sustainability issues.
Application Closing Date
16th January, 2016.

How to Apply
Interested and qualified candidates should forward their CV's using the subject matter "Group Head, Accounts"