Wayoe Engineering & Construction Job For Financial Reporting Manager

Wayoe Engineering & Construction Limited is a privately-owned Ghanaian engineering and construction company with world-class capabilities spanning across the client value chain. We operate a business model comprising of fabrication detailing, procurement and construction services delivering integrated solutions to our clients. WEC’s principal offices are strategically located in Takoradi, Ghana and Johannesburg, South Africa, with additional registered offices in Democratic Republic of Congo, Liberia, Mali and Sierra Leone.

Effective with the release of this position announcement, WEC is seeking applicants for the position of Financial Reporting (FR) Manager to be based in its Takoradi office.

Reporting Responsibilities

The Financial Reporting (FR) Manager reports to the Group Finance Manager of the company.

Direct Reports: Senior GL Accountant, Accountant, Project Accountant (future)

Role Purpose

A Financial Reporting Manager is responsible for month/quarter /year end close activities and preparing of annual financial statements for government/regulatory filings. The incumbent manages a team of General Ledger Accountants to ensure accurate recording of financial transactions, trial balance review, error corrections, accrual accounting, fixed assets register management, variance explanation etc. The FR Manager ensures timely completion of statutory audits by providing all supporting documentation in support of internal and external audits.

Key Performance Indicators (KPI’s)

• Timely completion of month ends close without errors.
• Completion of annual financial statements before tax filing deadline.
• Quality variance explanations.
• Clean and up-to-date fixed asset register (FAR).
• Major BS Accounts reconciled.

Working Environment/Exposure to Risk

• Air-conditioned office
• Regular phone conversation with functional units.

Responsibilities

1. Month/Quarter/Year end Close

• Establish and execute a calendar for managing monthly, quarterly and annual financial close.
• Support in managing the accounting close cycle, verifying that close activities are delivered in an accurate and timely manner through coordination with all other finance teams and relevant departmental heads.
• Ensure quality review of Trial Balance
• Attend period end close meetings and assist in providing insights regarding company performance for the relevant period under consideration.
• Motivate and support the GL Team to provide high quality actual to budget variance explanations.
• Oversee and ensure accurate accounting and valuation of inventory and receivables in a manner consistent with all relevant accounting policies.
• Evaluate, on a regular basis, the reports being produced, their effectiveness with stakeholders, and evaluate for adjustment and additional training, as necessary.
• Coordinate with stakeholders from various departments for business partnering initiatives and finance related trainings and reporting.
• Prepare period management reports -month/quarter/year
• Prepare quarterly Board slides.

2. Fixed Asset Management:

• Ensure proper and complete classification and capitalization of assets according to accounting policy.
• Ensure accurate calculation, review and recording of depreciation.
• Undertake annual count of all fixed assets and update the Fixed Asset Register (FAR) for any discrepancies.
• Determine and account accurately for fixed asset maintenance, disposal, scraping of assets, transfers of assets and donation of assets according to policy.

3. Balance Sheet Accounts Reconciliation:

• Ensure monthly reconciliation of all major and high-risk balance sheet accounts.

4. Budget and Forecast Development:

• Train Cost Centre Managers (CCM) in the use of the system for budgeting
• Interrogate CCM regarding the propriety of their budget estimates.
• Provide templates and other budget tools to assist with budgeting.
• Consolidate budgets for all cost centres and functional departments
• Prepare highlights of the consolidated budget for presentation to CEO and the Board.

5. Internal and External Audits

• Ensure timely completion of quarter and annual statutory audits
• Provide documentation in support of internal audits, reviews and investigations.
• Ensure prosper filing of supporting documentation in order to facilitate timely execution of audit.
• Work to reduce audit hours and cost.

Key Relationships

• Internal: All functional department heads and Project Managers.
• External: External Auditors, GRA, SSNIT.

Judgement and Complexity

Judgement of the jobholder is highly required in the following:

• Deciding the accounting treatment for non-standard transactions.
• Assignment and supervision of work and coordination of CC budgets for consolidation.
• Resolving problems with functional departments.

Responsibility for Assets

• Computer and IT equipment under his/her care

Level of Authority

• The jobholder’s authority is limited to making recommendations and seeking approval
• May have approval within allocated budgets or limits

Competences Required

1. Educational & Professional Qualification:

• 8 to 10 years’ experience in General Ledger and Financial Reporting
• A Chartered/Certified Accountant (e.g. ACCA, CPA. CA (GH), CIMA)
• Degree in Accounting, master’s degree is a plus

2. Skills Required:

• Strong interpersonal and problem-solving ability.
• Ability to work with people at various levels especially senior management
• People management skills
• Computer literacy with advanced Excel skills. Experience with ERP software is a strong plus.
• Strong analytical skills.