Job Summary
- The Head of Accounts is responsible for overseeing the company’s financial operations, ensuring accuracy in financial reporting, compliance with regulatory standards, and the implementation of strong financial controls.
- This role requires a highly analytical and strategic professional with expertise in accounting, taxation, budgeting, and financial management.
- The ideal candidate will provide leadership to the accounting team, drive efficiency in financial processes, and support the organization’s financial decision-making.
Key Responsibilities
Financial Reporting & Compliance:
- Oversee the preparation of accurate and timely financial statements.
- Ensure compliance with local tax laws, IFRS, and other financial regulations.
- Liaise with auditors, tax authorities, and regulatory bodies.
Budgeting & Financial Planning:
- Develop annual budgets and monitor financial performance against targets.
- Provide financial analysis and forecasting to support decision-making.
- Ensure cost control measures are in place to optimize profitability.
Accounts Management & Reconciliation:
- Supervise accounts payable, receivable, and general ledger activities.
- Ensure proper bank reconciliation and cash flow management.
- Implement internal controls to prevent fraud and financial mismanagement.
Team Leadership & Process Improvement:
- Lead and mentor the accounting team for improved efficiency and performance.
- Implement automation and process improvements in financial operations.
- Provide financial insights to senior management and key stakeholders.
Tax & Regulatory Compliance:
- Oversee tax filings (VAT, PAYE, WHT, and corporate tax).
- Ensure accurate payroll processing and statutory deductions.
- Keep up to date with changes in financial regulations and tax laws.
Key Performance Indicators (KPIs)
- Accuracy of Financial Reports:Ensure 100% error-free financial statements.
- Budget Adherence:Maintain financial performance within approved budgets.
- Compliance Rate:Ensure 100% compliance with tax and regulatory requirements.
- Cash Flow Management:Maintain optimal liquidity with zero cash shortages.
- Audit & Risk Management:Address all audit queries with minimal adjustments.
Criteria for Success:
- Strong leadership and financial management skills.
- High level of integrity and ethical financial practices.
- Ability toanalyzecomplex financial data and provide strategic recommendations.
- Proficiency in financial software and accounting systems.
- Strong problem-solving and decision-making skills.
Job Requirements
Educational Qualifications
- Bachelor’s degree in Accounting, Finance, or a related field.
- Professional certification (ICAN, ACCA, or CPA) is mandatory.
- A Master’s degree (MBA or MSc Finance) is an added advantage.
Experience:
- Minimum of 7-10 years in accounting/finance, with at least 3 years in a leadership role.
- Experience in financial reporting, taxation, and budgeting.
- Strong background in internal control and risk management.
Skills & Competencies:
- Proficiency in accounting software (e.g., QuickBooks, SAP, or Oracle).
- Excellent analytical, communication, and leadership skills.
- In-depth knowledge of IFRS and local tax regulations.
- Ability to work under pressure and meet strict deadlines.