Job Title: Financial Accountant – Standard Chartered Securities
Job ID: 343015
Location: Abuja NUJ, Nigeria
Organisation: Standard Chartered Bank Plc
Sector: Banking and Finance
Job Description:
• Production of IFRS compliant financial statements reports of SCS Nigeria & Cherroots Nigeria.
• Co-ordination of audit of the financial statements by SCS N & Cheroots auditors
• Production of Management accounts in accordance with the SCB group standards and procedures, and other regulatory authorities' requirements.
• Actively manage all costs line with the budgets, and SCB policies.
• Preparation of Regulatory Financial reports.
• Preparation of Financial Reports for Board meetings.
• Monitoring Regulatory ratios and compliance guidelines with regulators and give advance warnings on ratio's that may move out or events leading to non compliance.
• Maintenance of an efficient and integrated accounting system with appropriate internal financial controls.
• To undertake periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.
• Assist in co-ordinating, facilitating and promoting understanding of operational risk and in implementation and management of OR within the Department and in respect of SCS SA.
• Provide SCB N Finance Department support as required – will be further expanded when finalised.
Key Roles & Responsibilities:
1.General Ledger Reconciliation's and Controls
• Reconciliation of the SCS N & Cheroots GL accounts on monthly basis and attend to the action items during the same month.
• Responsible for maintaining general and sub – ledgers for SCS N & Cheroots on a timely basis and in a professional manner.
2. Management Accounting
• Preparation of multi- currency management accounts on a monthly basis.
3. Statutory Reports
• Overall responsibility for the preparation of annual IFRS compliant financial statements for SCS N & Cheroots on a timely basis.
• Co-ordinate audit of SCS N & Cheroots financial statements.
• Responsibility for preparation of tax computation, for co-ordination of review with Outsourced Tax Consultants for income tax,
• Preparation of Quarterly and Annual SEC returns,
• Prepare, file and remit VAT, WHT, PAYE and all statutory returns on timely basis at all times.
4. Budgets and Forecast.
• Prepare budgets SCS N & Cheroots Budgets.
• Preparation of forecasts for SCS N.
5. Cross Border Recharges and Payments.
• Ensure that Payments are supported by appropriate documentation before payment is made and that long outstanding CBRs are escalated to the CFO.
6.Operational Risk Management
• To report unit's OR issues and losses to UORM
• To assist UORM in developing and updating of procedures, controls and monitoring plans for Operational Risk Management.
• Act as OR financial coordinator for the SCS N & Cheroots.
• To adhere to the agreed KCSA plans and approach
• To identify and report all exceptions on non compliance with standard controls
• To identify and report all weaknesses inherent in the standard controls
• To maintain proper record keeping on all KCSA related activities.
• RP for SCS N Finance, when unavailable.
• To maintain independence in the conduct of KCSA, i.e. not selecting and reviewing sample of self-performed transactions
7. Entity Administration
• Implementation of SCB Policies
• Co-ordinate Implementation of SCB Financial systems, PSGL and appropriate TP systems.
• Assist with Development "End of Day" plans for SCS N, co-ordinate the SCS N aspects of the plan.
Qualifications & Skills:
• Degree in business field, ACA, ACCA, CPA or similar.
• Hands on experience in working in a computerized accounting environment
• Experience in business management.
• Experience in preparing Statutory Financial Statements in line with IFRS is an absolute pre-requisite.
• Experience in working in a multi currency finance/banking environment.
• Ability to interface at Senior Management level
• Experience in dealing with administrative issues
• Good interpersonal and communication skills
• Ability to develop and sustain teamwork
• Willing to work flexible working hours is a pre-requisite.
• High level management and analytical skills
• Experience in financial services sector preferred
• Ability to work unsupervised
• Self-starter
In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required.
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