Account Analyst, Financial Assets & Liabilities at Dangote Industries Limited

Dangote Group is one of Nigeria’s most diversified business conglomerates with a reputation for strong business practices and product quality. The company operates from its headquarters in Lagos, Nigeria, and serves markets across West Africa.

We are seeking a highly motivated and detail oriented Accounts Analyst, Financial Assets & Liabilities to join the Finance team. In this role, you will oversee, manage, and ensure accurate accounting, valuation, reporting, and control of all financial assets and liabilities of Dangote Cement Plc in compliance with IFRS, Group Accounting Policies, Nigerian regulatory requirements, and internal controls. The role supports the integrity of the Statement of Financial Position, funding decisions, and financial risk management across plants and corporate operations.

Financial Assets Management

• Maintain accurate accounting and reconciliation of:
  • Cash and bank balances
  • Trade and other receivables
  • Intercompany receivables
  • Loans and advances
  • Short term and long term financial investments
  • Ensure proper classification and measurement of financial assets in line with IFRS 9 Amortised Cost, FVOCI, FVTPL
  • Oversee Expected Credit Loss ECL computations, assumptions, impairment reviews, and documentation
  • Monitor ageing of receivables and work with Credit Control and Sales teams to minimize bad debts and overdue balances
  • Reconcile bank accounts, loan accounts, and investment balances on a timely basis

Financial Liabilities Management

• Manage accounting for:
  • Trade payables
  • Intercompany payables
  • Borrowings short term and long term
  • Lease liabilities IFRS 16
  • Accrued expenses and provisions
  • Ensure accurate recognition, amortisation, and disclosure of interest bearing loans, bank overdrafts, bonds, and other debt instruments
  • Oversee effective interest rate EIR calculations and interest expense recognition
  • Monitor covenant compliance on loans and financing arrangements

IFRS Compliance & Financial Reporting

• Ensure full compliance with:
  • IFRS 9 Financial Instruments
  • IAS 32 Financial Instruments Presentation
  • IFRS 7 Financial Instruments Disclosures
  • IFRS 16 Leases
  • Prepare detailed note disclosures relating to financial assets and liabilities for statutory and management accounts
  • Support preparation of monthly, quarterly, and annual financial statements
  • Liaise with Group Finance on consolidation templates and reporting timelines

Treasury & Funding Support

• Work closely with the Treasury team on:
  • Loan drawdowns and repayments
  • Cash flow forecasting
  • Debt restructuring and refinancing
  • Foreign exchange exposure and revaluation
  • Ensure correct accounting for foreign currency transactions and retranslation in line with IAS 21
  • Provide accounting input for new financing arrangements and major capital projects

Internal Controls & Risk Management

• Implement and monitor strong internal controls over financial assets and liabilities
• Ensure compliance with SOX style controls, Group policies, and segregation of duties
• Identify financial risks related to credit, liquidity, interest rate, and FX exposures
• Support Internal Audit reviews and close audit findings promptly

Audit & Regulatory Interface

• Serve as key liaison for:
  • External auditors
  • Internal auditors
  • Regulators and financial institutions
  • Provide audit schedules, reconciliations, confirmations, and explanations as required
  • Ensure timely resolution of audit queries and implementation of recommendations

Team Leadership & Capacity Building

• Supervise and mentor accounting officers responsible for assets and liabilities
• Review work outputs for accuracy, completeness, and timeliness
• Build a high performing team with strong IFRS and financial control competence

• B.Sc. or HND in Accounting, Finance, Economics, or related discipline
• Professional certification in Accounting ACA or ACCA is an added advantage
• 10 years relevant work experience in Accounting or Finance function

Skills and Competencies

• Strong exposure to manufacturing, cement, or large industrial operations
• Hands on experience with IFRS financial instruments accounting
• Strong knowledge of IFRS 9, IFRS 7, IFRS 16, IAS 32, IAS 21
• Advanced proficiency in SAP, Oracle, or ERP systems
• Strong analytical and reconciliation skills
• Sound understanding of treasury operations and debt instruments
• Excellent financial reporting and documentation skills
• High integrity and attention to detail
• Strong leadership and mentoring ability
• Excellent stakeholder management
• Ability to work under pressure and meet tight deadlines
• Strategic and risk aware mindset
• Experience working in a high volume, multi plant manufacturing environment

Benefits

• Private Health Insurance
• Paid Time Off
• Training and Development
• Career Development Opportunities
• Ability to operate in a fast paced, deadline driven finance function
• High interaction with Group Finance and external stakeholders

Interested and qualified candidates should apply through the official application portal via the apply button below.