Financial and Cost Accounting Manager at Lagos Business School (LBS)

Lagos Business School is committed to creating and transmitting management and business knowledge based on a Christian conception of the human person and of economic activity relevant to Nigeria and Africa at large. We strive to be a world class business school which will have a significant impact on the practice of management.

We are recruiting to fill the position below:

Job Title: Financial and Cost Accounting Manager

Location: Ajah, Lagos

Purpose of Position

• The role oversees financial reporting, cost management, and compliance with financial regulations.
• This role is critical in budgeting, financial planning, and cost control, providing insights that drive business decisions.

Essential Duties / Key Job Roles and Responsibilities
Include but are not limited to the following:

• Oversee the preparation of financial statements and reports in compliance with accounting standards.
• Develop and maintain cost accounting systems to track expenses and optimise financial performance.
• Ensure accurate and timely recording of financial transactions.
• Conduct variance analysis to identify cost-saving opportunities and efficiency improvements.
• Prepare budgets, forecasts, and financial projections to support strategic decision-making.
• Implement internal controls and ensure compliance with regulatory and financial policies.
• Monitor and analyse cost structures to recommend improvements in financial efficiency.
• Work closely with auditors to facilitate external and internal audits.
• Provide financial insights and recommendations to senior management.
• Supervise and mentor finance team members, ensuring accuracy and efficiency in financial operations.

Key Performance Indicators

• Accuracy and timeliness of financial reporting.
• Compliance with accounting standards and financial regulations.
• Effectiveness of cost control and financial planning strategies.
• Efficiency in budget preparation and financial forecasting.
• Reduction in financial discrepancies and errors.
• Implementation and adherence to internal financial controls.
• Effective collaboration with auditors and regulatory authorities.
• Development and training of finance team members.

Education

• Bachelor’s degree in Accounting, Finance, or a related discipline from a reputable institution.
• Professional certification (e.g., ICAN, ACCA, CPA) is required.

Experience:

• Minimum of five years of experience in financial and cost accounting, with at least two years in a managerial role.

Competencies Required:

• Financial Analysis & Reporting: Strong ability to analyse financial data and generate reports.
• Cost Management & Optimisation: Expertise in cost accounting and financial efficiency strategies.
• Regulatory Compliance: Knowledge of financial laws, regulations, and standards.
• Budgeting & Forecasting: Ability to develop and manage budgets effectively.
• Attention to Detail: High accuracy in financial reporting and analysis.
• Problem-solving skills: Ability to identify financial challenges and implement solutions.
• IT & Financial Software Proficiency: Proficiency in MS Office, accounting software, and ERP systems.
• Leadership & People Management: Strong skills in team supervision and development.
• Strategic Thinking: Ability to align financial planning with business goals.
• Communication & Interpersonal Skills: Ability to communicate financial insights clearly to stakeholder.

Application Closing Date
Not Specified.