New Employment Opportunity at MTN Ghana

POSITION: Lead Specialist, Technical Accounting

At MTN, we are a purpose-driven and value-led business that believes that knowing our employees’ needs and goals is critical to delivering daily experiences that excite them. We are dedicated to creating an environment in which every member of our Y’ello Family feels heard, understood, and empowered to lead an inspired life. Our ideals keep us grounded and headed in the right direction. Most importantly, they keep us accountable. It’s not something we claim to be. It’s in our DNA.

As an organization, we consider it our mission to provide an exciting and gratifying work environment in which our employees can be themselves, grow in optimism, and realize their full potential. A workplace that fosters creativity and innovation, increases productivity, and, ultimately, achieves significant results. A workplace that values connections and attaining a greater purpose than ourselves. This is what we want you to experience while with us!

Job Summary

Adherence to accounting standards ensures the organization’s financial integrity, compliance, and transparency. The work will entail giving technical accounting advice to ensure that financial reporting within the business is accurate and consistent.
The role will also include improving technical accounting capabilities, ensuring that complex technical accounting issues are effectively addressed, promoting consistency in accounting treatments through collaboration with internal stakeholders, developing and implementing strong accounting policies, and conducting post-implementation reviews of new accounting standards.
The incumbent for the post will also stay up to date on regulatory changes and emerging accounting innovations, and will provide timely guidance and important training to relevant team members, ensuring they are well-equipped to navigate and implement necessary changes efficiently.

Context:

Competitive telecommunications and ICT industry
Regulated environment (Dynamic Tax, Legal, and Regulatory)
Prioritization of environmental, social, and governance goals
Focus on localization for business and government
Best practices for multinational finance groups
Performance-driven environment
Diverse cultural environment
Top-quartile operating efficiency and effectiveness through scale and common policies and processes
Convergence in markets and exploration of non-traditional revenue streams requiring complex interpretation and tax structuring
Evolving industry sector presents new challenges and opportunities to core businesses
Regionalization structure implications

Key Tasks

Strategy Development and Implementation

Create and implement strategies to ensure compliance with Accounting Standards and incorporate accounting innovations for OHADA/IFRS that may affect the organization.
Ensure the effective implementation of the organization’s technical accounting strategy by providing guidance, structure, frameworks, models, strategies, and roadmaps.
Create and implement internal accounting policies and procedures to ensure compliance with requirements, and make adjustments as needed.
Create and execute reporting structures for the organization that are consistent with regulatory standards and best practices.
Ensure that the Group Technical Accounting team’s suggestions are adhered to and implemented.
Coordinate with Internal Audit regarding essential internal financial controls and risk mitigation requirements.

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Operational Delivery

Monitoring accounting standards:

Stay up-to-date on OHADA/IFRS accounting developments that may affect the organization.
Contribute to the development of accounting standards through comment letters.
Provide communication, implementation support, and training to all relevant staff about new accounting changes.
Conduct post-implementation reviews of new accounting rules.

Collaboration and Support:

Coordinate with the Opco CFO to resolve IFRS technical accounting inquiries, initiatives, and reviews.
Collaborate with the Opco Finance Operations team to supply correct financial data for financial statement preparation
Ensure consistent accounting treatment across the organization by working closely with the Finance Operations team. Also, Work closely with the treasury team to ensure that the accounting implications of changes to hedging instruments/strategies are evaluated and understood.

Reporting Accuracy:

Conduct thorough IFRS disclosure and presentation assessments on Opco’s interim and annual financial statements to ensure the accuracy of earnings press announcements, quarterly and annual filings, registration statements, and proxy statements.

Special Projects and Initiatives:

Lead or assist with unique accounting tasks as required.

Accounting Pronouncements:

Identify, maintain, and convey any existing and upcoming accounting pronouncements applicable to Opco’s financial statements.

Position papers:

Create well-supported position papers and offer draft conclusions to the CFO and management.

Revenue Recognition and Other Accounting Standard Compliance:

Collaborate with cross-functional teams to ensure adherence to relevant standards.
Review contracts and assess their influence on revenue recognition.
Offer advice on difficult technical accounting scenarios, such as multiple-element arrangements and contract amendments.

Mergers and Acquisitions:

Assess accounting implications for business combinations, purchase price allocations, and goodwill impairment assessments.
Assist in integrating financial reporting systems and processes following purchase.

Technical Accounting Research:

Conduct extensive studies on accounting challenges such as complex transactions, non-standard arrangements, and developing trends.
Create technical memos outlining conclusions and recommendations.
Contribute to various board committee submissions describing the accounting consequences of proposed transactions.

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Financial Statements (FS)

Review FS templates to reflect the disclosure implications of new accounting standards for the organization.
Review annual and interim financial statements to confirm that the organization’s disclosure and presentation comply with IFRS.
Collaborate with external auditors and internal stakeholders to restate financial statements.
Investigate and correct any accounting inaccuracies or misstatements.

Policy Development and Implementation:

Contribute to designing and revising accounting policies and procedures.
Conduct post-implementation reviews for new accounting standards.
Ensure consistent application of accounting policies throughout the Opco.

Training and education:

Train finance and accounting teams on technical accounting issues.
Create a culture of constant learning and awareness.

Collaboration With External Auditors:

Collaborate with external auditors on interim and yearly audits.
Respond to technical accounting inquiries.

Governance

Attend strategic meetings, guarantee appropriate participation, and provide guidance and insight during the various conversations.
Collaborate with reporting and analytics teams to gather feedback.
Collaborate with internal audit team to improve risk mitigation and controls.
Alert Opco CFO and Group technical accounting team to issues that could impact time, scope, productivity, cost, or resources. – Request budget for internal projects.
Create proposals for change initiatives, policies, and procedures.

Qualifications & Experience

Education:

Requirements for this position include a bachelor’s degree in accounting, finance, business, or a similar field of study, as well as relevant certifications like CA.

Experience:

8 years of technical accounting expertise, including at least 5 years in a managerial position.
Experience in financial reporting is preferred.
Understanding of financial accounting fundamentals for both public and private enterprises.
Comprehensive understanding of IFRS and their application to telecoms firms.
Proven track record of leading technical accounting teams with expertise in regulatory compliance and financial reporting.
Provided guidance and support to finance teams on complex technical accounting matters such as revenue recognition, lease accounting, revenue from customer contracts, and impairment assessments.
Monitored and interpreted accounting standard changes.
Preference for Financial Services experience in the telecom industry.
Experience working across cultures and regions, particularly in Pan Africa, is ideal.

Knowledge/technical competencies:

Technical Accounting Principles
Generally Accepted Accounting Principles (GAAP)
Expertise in financial reporting, analysis, modeling, and forecasting using IFRS, Excel, and business intelligence technologies.
Analytical (investigative and reporting skills, critical thinking, attention to detail)

Skills and physical competencies:

Capability to manage conflict, accountability, self- and team performance.
Innovative, take the initiative, are goal-oriented, and continually develop themselves.
Excellent leadership abilities, with a focus on the client and a strong collaborative spirit.
Reliability, honesty, and ethics in interactions.
Capable of prioritizing and planning work, as well as successfully managing and monitoring it.
Effective written and verbal communication, presenting skills,
Consultancy and facilitation skills.
A global thinker with problem-solving talents.
The ability to handle situations with tact and diplomacy.
Ability to manage one’s own time and workload while juggling competing priorities.
Professional demeanor with a can-do spirit.

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Must embody the MTN values of:

Lead with care, collaborate with agility, serve with respect, can do with integrity, and act inclusively.

General Working Conditions

Work anywhere, at any time; ability to manage oneself; personal accountability.

Location: Accra.

How to apply for this Employment Opportunity at MTN Ghana

Qualified applicants should use Ref number: MTN-FINOPSL3H001-2024 as the email subject and save CVs in their names. Qualified applicants should submit their curriculum vitae by September 24th, 2024 to: MTNGhanaRecruitment@mtn.com

Closing Date: September 24, 2024.

NOTE:

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New Employment Opportunity at MTN Ghana