Head of Accounts

Our company offers hospital development solutions that address the diverse and continuously evolving needs of our clients and partners. Our operations are in the Middle East and Africa with activities spanning across construction, advisory, medical equipment and pharmaceuticals.

To achieve our vision and mission, we seek to hire a suitable candidate to fill the Head of Accounts position. Job requirements are as shown below:

Cost Management 

? Perform project cost forecasts/budgets, cost tracking, monitoring and controls.

? Perform cash flow forecasting, budgeting and work closely with the operations and project teams in analyzing margins, variances and cost analyses. 

? Issue project cost reports for review and approval. 

? Ensure intercompany cost allocations are in line with management agreements and transfer pricing policy

? Establish and maintain systems for cost-sensitivity analysis and early-warning of cost-overruns 

? Work in consultation with the respective departments on cost reduction initiatives 

Financial Control 

? Works with the Executive Management to minimize risk and identify growth opportunities

? Lead development and maintenance of strong control environment (bank reconciliations and other control accounts, performance management data, etc.) 

?  Manage financial aspects of contracts: understanding and negotiating appropriate funding terms in new proposals; local & international banking practices, compliance with contract terms etc; 

Budgeting 

? Develop budget in line with the   business objectives of the organization.

? Coordinate the company’s budgeting process and   deliver within the stipulated time.

? Develop models that will enhance the quality of the company’s budget.

? Automate the company’s budgeting process

Internal Control/Compliance

? Manage new and existing statutory compliance and incorporate them into financial and management accounts

? Develop and maintain internal control and effective accounting system and policies 

? Ensure timely and accurate Management Information System (MIS) and statutory reporting

Tax Management

? Compute tax owed such as PAYE, VAT etc, prepare tax returns ensuring compliance with payment deadlines

? Proactively manage and engage tax authorities

? Ensure compliance with new and old tax laws and accounting standards as they relate to tax laws

? Negotiate tax agreements within acceptable company standards

Accounting Operations

? Handle full spectrum of financial and cost accounting role e.g. Account Receivable, Account Payable, General Ledger, forecasting, budgeting etc. 

? Oversee staff payroll processing, accruals, reconciliations, and statutory deduction calculations

? Monitor cash and bank balances and coordinate monthly cash flow requests 

? Review and approve payment vouchers and journal entries Provide strategic input into the long and short strategic plan of the company 

? Manage inventory and all other assets, monitor, and report daily stock movements and ensure proper reconciliation on an ongoing basis (weekly and monthly)

? Coordinate annual internal and external audit 

? Develop monthly and quarterly financial reports

? Establish account department standard operating protocols and policies

Financial Reporting

? Prepare monthly and quarterly Management Accounts, consolidated financial statements, payments, cash-flow management reporting 

? Analysis of key income statement and balance lines

? Monitor and analyze prudential ratios 

?  Prepare Financial Report in line with IFRS standards

Generic & Technical Competencies

? Accounting Operations

? Budgeting

? Tax Management

? Cost Management

? Internal Control

? Financial Reporting

? Use of Accounting software

? Strategic Orientation

? Business Acumen

? Stakeholder Engagement

? Decision Making

? Eye for Details

? Risk Management

Education and Experience

Education/Certification

? A Bachelor’s degree or Masters degree in Accounting , Finance or a related field.

? Professional qualification such as ACA, ACCA, CFA, CIMA are a must

Experience

? Minimum of 10 years related experience

? Experience in financial reporting, business analysis  and performance management.

? Experience in the use of Business Intelligence tools, Accounting software and ERP software 

? Experience in a renowned audit or tax advisory firm is a plus