Senior Accounts Officer

Job Title: Senior Accounts Officer

Responsibilities:

1. Financial Management:
   • Manage day-to-day financial operations, including accounts payable, accounts receivable, and financial reporting.
   • Ensure the organization maintains adequate liquidity for daily operations by monitoring cash flow and making necessary adjustments.
   • Develop and oversee financial projections and budgets to support strategic planning and decision-making.
   • Review and analyze management accounts on a monthly basis to track performance against targets and identify areas for improvement.
2. Team Leadership and Development:
   • Provide leadership and guidance to the accounting team, consisting of two direct reports (Account Officer AR and Account Officer AP).
   • Identify training and development needs of team members and provide coaching and on-the-job training to enhance their skills and performance.
   • Cascade departmental objectives into individual goals and monitor team performance, conducting regular performance reviews and establishing work procedures as needed.
3. Budgetary Control and Monitoring:
   • Initiate and oversee the annual budgeting process, ensuring alignment with organizational goals and objectives.
   • Monitor budget performance on a monthly and quarterly basis, identifying any deviations and taking corrective actions promptly to ensure financial targets are met.
4. Financial Reporting and Compliance:
   • Maintain proper books of accounts to ensure financial controls and compliance with accounting standards and regulatory requirements.
   • Prepare and review financial reports for management and external stakeholders, ensuring accuracy and transparency in financial reporting.
   • Liaise with auditors and regulatory bodies for audit closure, Financial Reporting Council (FRC) queries, and statutory filings for the company.

Requirements:

• Qualifications: ACCA Qualified/Degree in Finance and Accounting or relevant professional qualification.
• Experience: Minimum of 5 years' experience in financial management and accounting roles.
• Technical Competencies: Proficiency in accounting standards, financial modeling, budgetary control, treasury management, and MS Excel.
• Behavioral Competencies: Strong attention to detail, business acumen, problem-solving skills, effective communication, leadership abilities, and resilience.

Key Relationships:

Internal Relationships:

• Business Development: Collaboration on debtors' collection targets.
• Marketing: Coordination on advertising and marketing budget allocation.
• IT: Communication on access rights and resolution of IT issues affecting financial operations.

External Relationships:

• Suppliers: Management of payment processes and vendor relationships.
• Clients: Communication regarding debtors' statements and resolution of outstanding issues.
• Regulatory Bodies: Liaison for audit processes, FRC queries, and statutory filings to ensure compliance with regulations.