Head of Account

We are recruiting to fill the position below:

Job Title: Head of Account

Location: Port Harcourt, Rivers

Job Summary

• The Head of Accounts is responsible for overseeing the Group’s financial accounting and reporting processes, ensuring accuracy, compliance, and timeliness of financial information.
• The role provides leadership to the accounting team, strengthens internal controls, and supports strategic decision-making through high-quality financial insights.

Key Responsibilities
Accounting Operations and Financial Reporting Oversight:

• Maintain and enforce proper accounting procedures across the team.
• Maintain ownership of QuickBooks ensuring completeness and accuracy QuickBooks. Identify errors, initiate corrections, and implement controls to prevent recurrence.
• Provide financial analysis and insights to support management decision-making.
• Supervise the preparation and presentation of periodic financial statements (monthly, quarterly, annual)
• Ensure financial reports are auditable, accurate, complete, and in line with IFRS and regulatory requirements.

Month-End Close Coordination:

• Monitor adherence to reporting timelines and resolve bottlenecks.
• Oversee and coordinate month-end and year-end close processes.
• Ensure timely completion of all closing activities, including journal entries, accruals, and reconciliations.

Bank and GL Accounts Reconciliation Oversight:

• Ensure proper documentation and audit trail for all reconciliations.
• Review reconciliation reports and investigate discrepancies.
• Ensure all bank and SFP accounts are analysed and reconciled monthly and all reconciling differences resolved before the next one.

Trade Payables Management:

• Accountable for the accounts payable processes, ensuring timely and accurate recording of liabilities.
• Monitor vendor payments and ensure compliance with agreed terms.
• Ensure accuracy of Vendors ageing analysis

Fixed Assets & Right-of-Use (ROU) Assets:

• Oversee accounting for Right-of-Use (ROU) assets in line with applicable lease accounting standards (e.g., IFRS)
• Ensure periodic verification and reconciliation of asset records.
• Ensure an updated Assets Register, ensuring proper capitalization, depreciation, and disposal accounting.

Internal Controls & Compliance:

• Ensure compliance with financial regulations, company policies, and audit requirements.
• Serve as Lead on internal and external audit processes ensuring timely closure.

Team Leadership & Development:

• Identify training needs and build capacity within the department.
• Lead, supervise, and mentor the accounting team.
• Allocate responsibilities and monitor team performance.

KPI

• Timely and accurate month-end close (within 5 working days).
• Zero tax penalties from late / erroneous filing and payment
• Team cohesion and development.
• Final draft of audited accounts are ready latest June of the succeeding year

Target:

• KPIs will be tracked monthly

Qualifications & Experience

• Professional qualification (ICAN or ACCA) is mandatory.
• Proven experience in a retail, supermarket, or FMCG environment with high transaction volumes.
• Leadership and team management
• Proven experience in handling a Big 4 audit
• Bachelor’s Degree in Accounting, Finance, or a related discipline.
• Minimum of 10 years’ experience in accounting, with at least 4 years leading the financial accounting team
• Advanced Excel and analytical skills
• Proficiency in ERP/accounting software (QuickBooks).
• Excellent knowledge of IFRS, Nigerian tax regulations, and internal control systems.

Internal Relations / External (Work) Relations:

• All internal departments
• Tax Consultant.
• External Auditors