Accounting & Reporting Accountant at Lafarge Africa Plc

Lafarge is a world leader in building materials, with top-ranking positions in its Cement, Aggregates & Concrete businesses. Located in 64 countries with 65,000 employees, the vision of Lafarge in Nigeria is to be the most trusted and preferred partner of Nigerian construction professionals and home builders by delivering cement and concrete solutions that are best in quality, environmentally sustainable and nationwide available at affordable cost.

We are recruiting to fill the position below:

Job Title: Accounting & Reporting Accountant

Location: Ikoyi, Lagos
Employment Type: Full-time

Job Summary

• The Reporting Accountant is responsible for applying international accounting and reporting standards, ensuring the correct treatment of technical and complex accounting transactions, including, but not limited to, lease accounting, fixed asset accounting, financial instruments valuation, mergers and acquisitions, restructuring/re-organization, divestment, and investment portfolio management.
• Working with the Book to Record Manager, the incumbent is also responsible for preparing group-wide consolidated monthly, quarterly, and annual financial reports and reporting these to the Board of Directors, Group Parent, statutory regulators, and shareholders under applicable standards, adhering to the Lafarge Holcim Accounting and Reporting Principles manual (LHARP).

What you'll be doing
Financial Reporting Functions

• Perform consolidation of the parent and subsidiary financial statements to produce internal and external group financial reports using the SAP Financial Consolidation Application.
• Prepare monthly, quarterly, and annual consolidated financial statements of the business, reporting these to Group management, Country management, the board, and statutory regulators (Securities and Exchange Commission, Nigeria Exchange Limited, Financial Reporting Council).
• Coordinate preparation of annual financial statements for LAP Subsidiaries and review accordingly.
• Assist in the preparation of quarterly board papers, providing interpretation of financial statements to management and the Board of Directors committee.
• Ensure accurate usage of the chart of accounts in the general ledger and financial statements.
• Prepare the Quarter Closing Option Memo.
• Provide recommendations for the proper classification and booking of non-recurring but significant transactions.
• Provide and/or organize training for new employees in the accounting and reporting unit.
• Assist in the coordination of annual audit and quarterly review activities of external auditors.
• Implement and maintain reporting procedures to comply with internal control requirements.
• Participate in other reporting projects and assignments as required 

Lease & Trucking Accounting Functions:

• Provide accounting support services to the logistics unit in the treatment of bulk tanker and other trucking arrangements.
• Ensure that the lease database in the SAP Real Estate Management Module is correct and complete.
• Make changes in the lease database to reflect the correct accounting for lease changes and validate the impact of these changes as reported by the service providers.
• Perform monthly reconciliations of the General Ledger and roll-forward of Right of Use and Finance Liability accounts.
• Assist in the preparation and submission of lease group reporting forms per IFRS 16 to Country and Group Management for lease recognition approval.
• Provide the appropriate information required by the Financial Planning and Performance Analysis (FPP&A) team for operating free cash flow and financial performance projections.
• Coordinate and provide information to all internal and external auditors for leases. 

Technical Accounting Functions:

• Perform regular reviews of goodwill and intangible impairment, including year-end impairment tests.
• Assist in preparing segment analysis to ensure compliance with requirements regarding consistency between internal and external reporting of reportable operating segments.
• Prepare/review timely, high-quality technical accounting memos on all key technical accounting matters for submission to local management, Group management, and independent auditors.
• Ensure that all financial instruments are accurately valued and recorded, including recognition, measurement, impairment testing, and derecognition of financial instruments.
• Provide detailed support to external auditors and other consultants.
• Manage multiple tasks under tight deadlines with strong attention to detail and accuracy.
• Develop plans for implementation of new applicable IFRS standards, and regulations in close co-ordination with the Group ARC team. 

Policies and Procedures:

• Manage all changes in accounting policies received from the Group as well as from the Country.
• Optimize procedures and keep them up-to-date. On Skills & Talent Management
• Operate safely at all times; challenge unsafe acts; actively seek out ways of promoting a safe working environment.
• Provide guidance, work leadership, direction and advise them
• Evaluate the performance of his/her team and take corrective actions.
• Coach his/her team providing continuous feedback.
• Identify training needs and development plans 

Who you'll be working with
 Key interfaces, stakeholders and relationships:

• Internal to the Country Shared Services
• Master Data
• General Ledger team
• Account Receivable and Credit Management
• Account Payable team
• Treasury Operations

External to the Country Shared Services:

• Country legal department
• Procurement department
• Logistics department
• Industrial department
• Security department
• Sustainability department
• Other Country Shared Services counterparts and Related parties

External to the Group:

• External auditors
• Local tax authorities
• Financial services providers, KPMG, Deloitte, PWC, Ernst and Young etc. 

What we are looking for

• Bachelor's Degree Preferably in (Accounting/Social Sciences)
• 5 years in accounting related role
• Experience with an Audit firm.
• Good knowledge of an ERP environment – ideally SAP.
• Practical knowledge of IAS, IFRS.
• Internal controls.
• Advance MS-Excel Knowledge.
• Practical understanding of LHARP.

Application Closing Date
Not Specified. 

How to Apply
Interested and qualified candidates should:
Click here to apply online