Head of Accounts Department

About the Role

Lagos Commodities and Futures Exchange (LCFE) invites applications from suitably qualified candidates for the position of Head of Accounts Department. We are seeking a highly experienced, strategic, and meticulous leader to direct our finance and accounting operations.

This pivotal role requires expert understanding of financial reporting, regulatory compliance within capital markets, and specialized accounting treatment necessary for an exchange environment. The Head of Accounts will be responsible for ensuring the financial integrity and transparency of the Exchange.

Key Responsibilities

• Financial Leadership & Reporting: Direct the preparation of all internal and external financial statements (monthly, quarterly, annual), management accounts, and specialized regulatory returns in accordance with IFRS/GAAP standards
• Regulatory Compliance: Ensure all financial activities, reporting, and statutory obligations comply with the specific requirements of the Exchange, the Securities and Exchange Commission (SEC), and other relevant financial regulators
• General Ledger & Control: Oversee the entire accounting cycle, including journal entries, accounts payable/receivable, payroll, and fixed asset management, ensuring accuracy and integrity of the general ledger and all financial data
• Budgeting and Forecasting: Lead the annual budgeting process, perform detailed variance analysis, and prepare reliable financial forecasts to support strategic business decisions by Executive Management
• Audit Management: Act as the primary liaison for both internal and external auditors, ensuring a smooth audit process and timely resolution of all audit queries and control weaknesses
• Taxation & Treasury: Ensure compliance with all local and national tax regulations, monitor the Exchange's cash flow position, manage bank relationships, and advise on treasury operations
• Team Management: Lead, mentor, and develop the Accounts Department team

Location

Lagos, Nigeria