Deputy Head of Accounts & Finance

Job Title: Deputy Head of Accounts & Finance

Location: Lagos

Employment Type: Full-time (Hybrid)

Job Summary

• The Deputy Head of Accounts & Finance is responsible for the overall financial management, regulatory compliance and financial reporting, budgeting, and forecast preparation of the company.
• He/ She will play a pivotal role in steering and monitoring financial management, reporting, and regulatory compliance of the company. Reporting to the Chief Financial Officer, they will lead the team, ensuring their efficient operation in alignment with best practices and statutory requirements.

Duties & Responsibilties

Leadership/Supervisory Role:

• Provide visionary leadership to the accounting and finance departments.
• Lead the company's financial accounting, reporting, and control activities in adherence to best practices and statutory requirements.
• Establish and maintain strong working relationships with external parties, including customers, vendors, regulators, and external auditors.
• Supervise end-of-period processes, ensuring timely analysis of business performance, budgets, and forecasts.
• Motivate, develop, and align the departmental culture and vision, taking full responsibility for the prompt
• conclusion of all deliverables in the accounts & finance department.
• Ensure the timely delivery of high-quality Management and Annual Audited Statements of Accounts.

Financial Analysis and Reporting:

• Lead the accounts department in preparing periodic Management and Statutory financial reports.
• Collaborate with external auditors for the delivery of Audited Financial statements.
• Oversee the preparation and monitoring of the business's annual budgets, driving ad hoc projects to improve process efficiency.
• Proactively engage in implementing audit findings to enhance overall financial performance.
• Supervise the documentation of all financial books and records.
• Prepare periodic financial reports reflecting the company's revenue and expenses, delivered to the Chief Finance Officer/ED, Finance & Admin.
• Prepare reports on accounting-related matters, including taxation, accompanied by proactive advice and recommendations.

Strategic Decision-Making:

• Provide crucial financial insights for strategic decision-making.
• Contribute to the development and achievement of the company's goals.

Policy Formation:

• Create and enhance financial policies and procedures across the accounts and finance department.
• Ensure consistency in procedures and policies, aligning them with the business's overall goals and objectives.
• Ensure compliance with the business's internal corporate framework policies and finance manuals.

Tax & Compliance:

• Legally minimize required taxes by studying regulations and presenting strategies to the management.
• Legally minimize tax liabilities through the informed application of tax laws and regulations.
• Oversee tax audit exercises and follow up with relevant government agencies.

Document Writing Accuracy:

• Write financial reports and documentation without errors.

Research/Knowledge:

• Attend regular finance forums/meetings to gather insights applicable within the accounts and finance department.
• Make recommendations for systems improvements and oversee the implementation of approved changes.

Talent Development:

• Develop and lead a high-performing accounting and finance team.
• Contribute to the professional growth of subordinates.
• Any other tasks as assigned by the line manager.

Key Performance Indicators

• Target profit margin: %, Actual profit margin: %.
• Budget variance: % (negative variance), or % (positive variance).
• 95% accuracy rate in financial records including but not restricted to Management Accounts, Ad hoc reports, Budgets, forecasts, and Audited Financial statements
• Accuracy and timing of submission of financial reports: % of error-free reports for both Management, stat