Management Accountant at the Concept Group

The Concept Group is a holding company for companies established in 1992. Subsidiaries under the Group include: Rosabon Financial Services - Nigeria’s Leading Financial Intermediary and Equipment Leasing Company, Concept Nova - Bespoke Enterprise IT Solutions Company,Percy Aitkins - Bureau De Change.

We are recruiting to fill the position below:

Job Title: Management Accountant

Location: Nigeria
Employment Type: Full-time

Job Summary

• The Management Accountant is responsible for providing accurate and timely financial information to support strategic decision-making. This role focuses on budgeting, forecasting, cost analysis, performance evaluation, and driving financial efficiency to enhance profitability and operational effectiveness.
• The Management Accountant drives strategic financial initiatives within a Rosabon financial services Limited, contributing directly to the organization’s growth and profitability.

Duties and Responsibilities
Budgeting and Forecasting:

• Lead the development and management of Rosabon’s annual budget, collaborating with department Heads to ensure alignment with strategic goals.
• Prepare precise financial forecasts using historical data and market trends to inform decision-making.
• Monitor and analyze budget performance periodically, highlighting variances and providing actionable recommendations.
• Assist in setting financial goals and resource allocation for key projects.
• Coordinate with departments to ensure adherence to budgets and maintain alignment with financial framework.
• Regularly review and adjust forecasts to reflect changes in business conditions or external factors.
• Present budget and forecast reports to Head, Accounts and Finance providing insights for informed decision-making.

Cost Analysis and Control:

• Conduct detailed cost analysis to identify inefficiencies and areas for potential savings.
• Develop and enforce cost control procedures to minimize unnecessary expenditures and optimize operational costs.
• Analyze profitability of Rosabon’s financial products to support pricing strategies and improve financial outcomes.
• Prepare cost-benefit analyses to evaluate the financial viability of new investment opportunities or initiatives.
• Work with the internal operations team to assess vendors’ contracts and improve cost-effectiveness.
• Establish and monitor key performance indicators (KPIs) related to cost management and financial performance.
• Provide regular updates on cost trends and their financial impact, offering recommendations for optimization.

Performance Reporting:

• Prepare monthly management accounts, highlighting financial performance and key variances to inform decision-making.
• Create financial dashboards and visualizations to present complex data clearly to Rosabon’ senior management team and relevant stakeholders.
• Assess the financial impact of business decisions, providing actionable insights for strategic planning.
• Monitor and report on revenue-generating activities to track performance and suggest improvements.
• Collaborate with the internal operations teams to identify areas for operational efficiency and optimization.
• Support strategic planning efforts by providing relevant financial data and performance insights.

Financial Systems and Process Improvement:

• Ensure efficient operation of financial systems, identifying opportunities to optimize.
• Assist in the implementation of new software, ensuring accuracy and improving reporting capabilities.
• Regularly review and update accounting processes to ensure compliance with reporting standards and regulatory requirements.
• Provide training and guidance to team members.
• Collaborate with the IT team to resolve financial system issues and ensure smooth operations.
• Assist to develop a a comprehensive documentation for financial processes to ensure consistency and clarity.
• Assess financial control systems’ performance regularly and recommend improvements or upgrades as needed.

Risk Management and Compliance:

• Identify potential financial risks, recommending strategies to mitigate them and safeguard Rosabon’s financial assets.
• Ensure compliance with internal financial policies, regulatory requirements, and industry standards.
• Participate in internal audits and collaborate with auditors to implement recommendations for process improvements.
• Maintain detailed documentation for audit and compliance purposes, ensuring transparency.
• Stay informed about changes in regulations and update financial processes to maintain compliance.
• Work closely with external auditors during periodic reviews and audits to ensure accurate reporting and transparency.
• Build and implement knowledge sharing sessions / succession plans to ensure leadership continuity within the team.

Qualification and Requirements

• Bachelor's Degree in Accounting, Finance, or related field; Master’s degree is a plus.
• Professional certifications such as ACA, ACCA, or CIMA are required.
• Minimum of 5 years of experience in management accounting or financial planning, preferably in the financial services industry.
• Strong analytical, problem-solving, and decision-making skills with keen attention to detail.
• Proficiency in ERP systems and financial reporting software.
• Excellent communication, collaboration, and interpersonal skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

Salary
N550,000 - N600,000 / Month (Gross)

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should send their Applications to: careers@conceptgroup-ng.com using the Job Title as the subject of the email.