Head of Accounts - Banking at Orchid HR Outsourcing

JOB SUMMARY 

We are seeking an experienced and results-driven Head of Accounts to lead and manage the accounting function within our banking operations. The successful candidate will be tasked with the responsibility of ensuring that the financial reporting system is accurate, compliant with banking rules and regulations, and the financial operations are properly managed. This role requires strong leadership, technical accounting expertise, and a deep understanding of the banking environment.

KEY TASKS AND RESPONSIBILITIES

• Control the accounting process of the bank in order to maintain correct, comprehensive, and up-to-date financial statements within the adopted accounting standards.
• Prepare, review, and approve the financial statements on a monthly, quarterly, and annual basis and ensure the financial statements are fully compliant with the IFRS and other applicable reporting requirements.
• Ensure strict compliance with regulations by the Central Bank, regulations in respect of financial reporting, taxation regulations, and all other relevant banking regulations.
• Be involved in managing the general ledger, which entails examining accounting entries, provisions, accruals, and adjustments.
• Monitor day-to-day accounting affairs, such as transaction processing, suspense account handling, and closing differences in account reconciliations.
• Oversee the budgeting, forecasting, and financial planning functions, and conduct in-depth variance analysis.
• Make available comprehensive financial reporting and analysis to the senior management to facilitate their planning and decision-making process.
• Design and enforce effective internal control systems, accounting policies, and procedures to strengthen financial management processes.
• Coordinate internal, external, and regulatory audits. Ensure that these audits are done in time and that their results are addressed.
• Monitor all tax planning, tax computations, and compliance processes, including corporate taxes, VAT, withhold taxes, among other statutory requirements.
• Keep track of financial risk and help in enterprise risk management activities by ensuring correct reporting and compliance.
• Monitor, manage, oversee, and coordinate properly the usage, development, or integration of accounting processes or systems, as well as basic banking platforms.
• Lead, mentor, and manage the accounts and finances team. This will be accomplished through the setting of goals for performance.
• Work closely with the treasury, risk, compliance, operations, and business teams to ensure alignment between financial reporting and operational activities.
• Maintain the highest ethical standards, confidentiality, and professionalism, as well as the security of financial data, and the code of conduct set by the bank.

QUALIFICATION, EXPERIENCE AND KNOWLEDGE

• Bachelor’s degree in Accounting, Finance, Business Administration or a related field.
• Professional accounting qualifications such as CPA, ACCA or equivalent is required.
• Master's degree in Finance, Accounting, or MBA is an added advantage.
• Minimum of 5 years’ relevant experience in Accounting or Finance.
• Experience in financial reporting, budgeting, forecasting, and audit management.
• Strong knowledge of internal controls, risk management, and compliance.
• Analytical skills, problem-solving abilities, and decisiveness.
• Strong leadership skills, excellent communication skills and the ability to manage stakeholders.
• Strong integrity, detail-oriented, and able to perform well in a fast-paced environment.