SENIOR ACCOUNTANT

Role Requirement

We are looking for a Senior Accountant To support the Chief Financial Officer in providing strategic financial leadership, ensuring the financial sustainability, operational efficiency and sound financial governance of the Lusaka Securities Exchange Plc and its subsidiaries.

The senior accountant will be responsible for overseeing day-to-day financial management, financial reporting, budgeting, treasury operations, internal financial controls and regulatory compliance, while supporting the development and execution of the Exchange's financial strategy.

The position will serve as the principal deputy to the CFO, providing continuity of financial leadership and ensuring that the Finance function effectively supports the Exchange's strategic and commercial objectives.

Principal Accountabilities and Responsibilities

Financial Strategy and Business Planning

· Support the CFO in developing and implementing the Exchange's financial strategy in alignment with its corporate strategic plan.

· Translate strategic financial objectives into annual operating plans, budgets and measurable financial targets.

· Undertake financial modelling, scenario analysis and investment appraisals to support strategic business decisions.

· Identify opportunities for revenue diversification, cost optimisation and improved financial sustainability.

· Support the financial evaluation of new products, business initiatives, partnerships and capital investments.

· Monitor progress against the Exchange's financial performance targets, including profitability, return on equity and cost-to-income ratio.

Financial Reporting and Management Information

· Oversee the preparation of accurate and timely monthly, quarterly and annual financial statements.

· Ensure compliance with International Financial Reporting Standards (IFRS), applicable legislation and regulatory reporting requirements.

· Coordinate the preparation of consolidated financial statements for the Exchange and its subsidiaries.

· Prepare financial performance reports and management accounts for consideration by the CFO, Executive Management and Board.

· Analyse financial performance against budgets, forecasts and prior-year results, highlighting material variances and recommending corrective action.

· Maintain appropriate financial reporting systems, accounting policies and procedures.

Budgeting, Forecasting and Cost Management

· Coordinate the annual budgeting process across all departments and subsidiaries.

· Develop rolling financial forecasts to support effective resource allocation and financial planning.

· Monitor expenditure against approved budgets and enforce budgetary discipline.

· Identify opportunities to improve operational efficiency and reduce unnecessary expenditure.

· Provide financial analysis to support departmental performance reviews and resource allocation decisions.

· Monitor and recommend measures to improve the Exchange's cost-to-income ratio.

Treasury, Liquidity and Capital Management

· Oversee daily cash flow management, liquidity planning and treasury operations.

· Prepare cash flow forecasts to ensure the Exchange maintains sufficient liquidity to meet its obligations.

· Monitor banking relationships, investment placements and financing arrangements.

· Support the CFO in managing borrowing facilities, debt servicing obligations and financial covenants.

· Evaluate funding options for strategic investments and infrastructure development.

· Ensure effective management of working capital, receivables, payables and cash reserves.

Financial Controls, Risk Management and Compliance

· Develop, implement and monitor effective internal financial controls.

· Ensure compliance with relevant tax legislation, statutory obligations and regulatory requirements.

· Coordinate external audits and ensure timely resolution of audit findings.

· Support enterprise risk management through the identification, assessment and mitigation of financial risks.

· Ensure appropriate segregation of duties, authorisation controls and financial accountability.

· Promote strong corporate governance, ethical financial practices and financial transparency.

Commercial Finance and Revenue Growth

· Support the CFO in evaluating commercial opportunities and developing sustainable revenue streams.

· Undertake profitability analysis of existing and proposed Exchange products and services.

· Support pricing reviews, fee-structure assessments and financial feasibility studies.

· Develop financial business cases for technology investments, new market products and strategic projects.

· Analyse revenue performance and recommend initiatives to strengthen commercial resilience.

· Collaborate with business units to improve revenue forecasting, collection efficiency and financial performance.

Subsidiary Financial Oversight

· Support the financial oversight of LuSE subsidiaries, including the Lusaka Clearing and Settlement Agency (LCSA).

· Coordinate group budgeting, financial consolidation and performance monitoring.

· Promote consistent accounting policies, reporting standards and internal financial controls across the Group.

· Monitor subsidiary profitability, liquidity, capital adequacy and financial sustainability, as applicable.

· Support the CFO in evaluating intercompany arrangements and Group financial exposures.

Leadership and People Management

· Provide day-to-day leadership and supervision of the Finance team.

· Set performance objectives, monitor deliverables and undertake staff performance evaluations.

· Develop the technical capabilities and professional competencies of Finance personnel.

· Promote a culture of accountability, integrity, efficiency and continuous improvement.

· Identify opportunities for automation and digital transformation within the Finance function.

· Deputise for the CFO when delegated, ensuring continuity of financial operations and management reporting

Candidate Requirements

· Bachelor's degree in Accounting, Finance, Economics, Business Administration or a related field.

· Full professional accounting qualification such as ACCA, CIMA, CA Zambia or equivalent.

· Membership in good standing with the Zambia Institute of Chartered Accountants (ZICA), where applicable.

· A Master's degree in Finance, Accounting, Business Administration (MBA) or a related discipline will be an added

· Minimum of 8 years' progressive experience in accounting, finance or financial management.

· At least 3 years' experience in a managerial or senior financial management role.

· Demonstrated experience in financial reporting, budgeting, treasury management and financial controls.

· Experience in financial services, capital markets, banking or another regulated environment will be an added advantage.

· Experience in managing consolidated financial reporting and subsidiary operations will be desirable.

· Proven ability to support strategic financial planning and senior management decision-making

Applications including CV and copies of certificates should be e-mailed to simwaami@gmail.com and jobs@luse.co.zm not later than 10/11/2026. Please note that only shortlisted candidates will be contacted.

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