Management Accountant at The Concept Group

The genesis of The Concept Group was initially borne from a functional and structural approach, simply delivering better effectiveness through shared services of back office functions for its more market facing organizations. As the organization grew, the Group along with its member subsidiaries have evolved to embody much more. As a tested guiding light, our core values which we passionately uphold give us a sense of purpose and direction not only in our professional but in our private lives also. These values summarized are based on three pillars; (Great) People, (Continuous) Innovation and the (Ideal) Culture.
Job Summary

The Management Accountant is responsible for providing accurate and timely financial information to support strategic decision-making.
This role focuses on budgeting, forecasting, cost analysis, performance evaluation, and driving financial efficiency to enhance profitability and operational effectiveness.
The Management Accountant drives strategic financial initiatives within a Rosabon financial services Limited, contributing directly to the organization’s growth and profitability.

Duties and Responsibilities
Budgeting and Forecasting:

Lead the development and management of Rosabon’s annual budget, collaborating with department Heads to ensure alignment with strategic goals.
Prepare precise financial forecasts using historical data and market trends to inform decision-making.
Monitor and analyze budget performance periodically, highlighting variances and providing actionable recommendations.
Assist in setting financial goals and resource allocation for key projects.
Coordinate with departments to ensure adherence to budgets and maintain alignment with financial framework.
Regularly review and adjust forecasts to reflect changes in business conditions or external factors.
Present budget and forecast reports to Head, Accounts and Finance providing insights for informed decision-making.

Cost Analysis and Control:

Conduct detailed cost analysis to identify inefficiencies and areas for potential savings.
Develop and enforce cost control procedures to minimize unnecessary expenditures and optimize operational costs.
Analyze profitability of Rosabon’s financial products to support pricing strategies and improve financial outcomes.
Prepare cost-benefit analyses to evaluate the financial viability of new investment opportunities or initiatives.
Work with the internal operations team to assess vendors’ contracts and improve cost-effectiveness.
Establish and monitor key performance indicators (KPIs) related to cost management and financial performance.
Provide regular updates on cost trends and their financial impact, offering recommendations for optimization.

Performance Reporting:

Prepare monthly management accounts, highlighting financial performance and key variances to inform decision-making.
Create financial dashboards and visualizations to present complex data clearly to Rosabon’ senior management team and relevant stakeholders.
Assess the financial impact of business decisions, providing actionable insights for strategic planning.
Monitor and report on revenue-generating activities to track performance and suggest improvements.
Collaborate with the internal operations teams to identify areas for operational efficiency and optimization.
Support strategic planning efforts by providing relevant financial data and performance insights.

Financial Systems and Process Improvement:

Ensure efficient operation of financial systems, identifying opportunities to optimize.
Assist in the implementation of new software, ensuring accuracy and improving reporting capabilities.
Regularly review and update accounting processes to ensure compliance with reporting standards and regulatory requirements.
Provide training and guidance to team members.
Collaborate with the IT team to resolve financial system issues and ensure smooth operations.
Assist to develop a a comprehensive documentation for financial processes to ensure consistency and clarity.
Assess financial control systems’ performance regularly and recommend improvements or upgrades as needed.

Risk Management and Compliance:

Identify potential financial risks, recommending strategies to mitigate them and safeguard Rosabon’s financial assets.
Ensure compliance with internal financial policies, regulatory requirements, and industry standards.
Participate in internal audits and collaborate with auditors to implement recommendations for process improvements.
Maintain detailed documentation for audit and compliance purposes, ensuring transparency.
Stay informed about changes in regulations and update financial processes to maintain compliance.
Work closely with external auditors during periodic reviews and audits to ensure accurate reporting and transparency.
Build and implement knowledge sharing sessions / succession plans to ensure leadership continuity within the team.

Requirements

Bachelor's degree in Accounting, Finance, or related field; Master’s degree is a plus.
Professional certifications such as ACA, ACCA, or CIMA are required.
Minimum of 5 years of experience in management accounting or financial planning, preferably in the financial services industry.
Strong analytical, problem-solving, and decision-making skills with keen attention to detail.
Proficiency in ERP systems and financial reporting software.
Excellent communication, collaboration, and interpersonal skills.
Ability to manage multiple priorities and meet deadlines in a fast-paced environment.