Head of Account

Lorache Group is a Marketing Management, Human Capital Development and Business Process & Strategist Consultancy Outfit, registered with Company & Allied Commission (CAC) of Nigeria to perform such businesses. Lorache works cut across multiple industries, including the consumer goods, finance, capital market, pharmaceutical, telecommunication, entertainment and leisure sectors, etc.

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:

• 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.
• Provide financial analysis and insights to support management decision-making.
• Maintain ownership of QuickBooks ensuring completeness and accuracy QuickBooks. Identify errors, initiate corrections, and implement controls to prevent recurrence.
• Maintain and enforce proper accounting procedures across the team.

Month-End Close Coordination:

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

Bank and GL Accounts Reconciliation Oversight:

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

Trade Payables Management:

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

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

• Ensure an updated Assets Register, ensuring proper capitalization, depreciation, and disposal accounting.
• 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.

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:

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

KPI

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

Target:

• KPIs will be tracked monthly

Qualifications & Experience

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

Internal Relations / External (Work) Relations:

• All internal departments
• External Auditors
• Tax Consultant.

How to Apply

Interested and qualified candidates should send their CV to: lorachevacancy@gmail.com using the job title as the subject of the email.