Head of Accounts at Saroafrica International Limited

Saroafrica International Limited (‘Saro’) is an indigenous private sector player with 3 decades of experience in Nigeria. Saro has five Subsidiaries (Saro Agrosciences, Saro Lifecare, Saro Agro-Allied, Gossy Warm Spring and Saro Oil Palm) and two Joint Ventures (AgriseedCo and Green Hills Agricultural Products). Saro’s is set to become a leading consumer, manufacturing, FMCG and integrated agricultural value chain group. In pursuit of this ambition, Saro is making a significant investment in a Palm Plantation and Cassava to Ethanol Plant.

We are recruiting to fill the position below:

Job Title: Head of Accounts

Location: Lagos
Employment Type: Full-time

Duties / Responsibilities
Leadership/Supervisory Role:

• Supervise end-of-period processes and supports the analysis of the periodical business performance, budgets, and forecasts
• Leads the accounting department in the establishment of risk management procedures as well as the update of those procedures
• Motivates, develops, and creates a departmental culture and vision, taking full responsibility for the success or failure of the quarterly/annual audit process.
• Responsible for building talent across the accounting department and supporting continuous improvement initiatives across the finance department.

Documentation & Reporting:

• Prepares reports in reflection of the revenue quarterly/annual processes
• Develops reports on all accounting related matters inclusive of taxation matters
• Pro-active advice and recommendations on the business’s financial approaches from an accounting and taxation perspective.
• Completeness and accuracy of bank/cash reconciliations
• Review financial information and analysis from direct reports
• Presenting reports to senior executives, stakeholders, and board members.
• Establish and implement financial reporting systems to comply with government regulations and legislation
• Managing financial transactions.
• Create monthly and annual reports to identify results, trends, and financial forecasts

Financial Analysis:

• Ensures the accounting departments in the preparation of accounts and conducting quarterly/annual auditing and the final preparation of accounts
• Ensures the accounting department in the preparation and monitoring the business’s annual budgets and liaises with external auditors to drive ad hoc projects that will improve process efficiency
• Ensures that there is a proactive engagement across the accounting department in implementing audit findings with a view of improving the business’s overall financial performance

Statutory Compliance & Tax:

• Tax planning and ensuring statutory tax compliances on Coy Tax, VAT, WHT and other relevant taxes
• Interface with the auditors, tax authorities, banks, and regulatory agencies
• Preparing company tax
• Ensuring compliance with all other statutory and financial regulations e.g. IFRS
• Coordinate the preparation of regulatory reporting
• Manage and comply with local, state, and federal government reporting requirements and tax filings

Accounting & Auditing:

• Ensuring proper accounting records are maintained and aligned with Organizational Goals
• Maintains professional development, and remains abreast of relevant accounting issues and financial policy and standards.
• Establishing a mechanism/checklist to ensure operations are under control and give requisite support to business heads.
• Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
• Debt management and collection
• Collaborate with auditing services to ensure proper compliance with all regulations
• Ensure that all financial transactions are properly recorded, filed, and reported
• Coordinating audit processes.
• Ensure quality control over financial transactions and financial reporting

Cost Control, Cash Flow Management & Administration:

• Imports and logistics supervision
• Receivables, Payables and Stocks control
• Improving efficiencies and reducing costs across the business
• Monitor and facilitate administration activities for the company
• Ensure assessment and proper control of the admin expenditure for the company.

Education and Experience

• Bachelor's Degree in Accounting, Economics, Finance or relevant field (Minimum of Second Class Upper).
• An MBA or equivalent postgraduate management degree will be an advantage.
• Applicant must have a minimum of 7 years of relevant experience in Financial Management and Controls
• Must be a Chartered Accountant (ACCA or ACA).

Application Closing Date
16th May, 2022.

Method of Application
Interested and qualified candidates should:
Click here to apply online