Job title: Head, Financial Accounting (Downstream)
Company: Oasis Africa Consulting
Job description: Company DescriptionOur Client is a prominent player in the Nigerian Oil and Gas industry, the company’s operations span across major businesses in the Oil and Gas value chain. Presently recruiting for its expanding business in Lagos.Job DescriptionTo ensure accurate reporting of Client’s financial transactions/position and support effective management of the company’s financial resources.
Develops and maintains a system of financial policies, procedures and controls for efficient financial management
Manages bank balances, interest income and expenses
Verifies payment requisitions for compliance with laid down controls
Develops measures or controls to ensure that all financial transactions are accurately captured and reported
Implements measures to ensure that the company’s receivables are effectively monitored and are kept to the minimum
Reviews periodic financial reports submitted by relevant departments/units and presents timely reports to Executive Management through the Group Head, Finance
Enforces policies and procedures to ensure that the company’s liabilities are minimised and payments promptly settled in line with agreed terms.
Manages the intercompany accounting process
Approves monthly payroll for employees and outsourced personnel/service providers
Oversees the preparation of regular financial accounts
Performs a monthly preparation of Client’s liquidity position report. Establishes measures that ensure prompt preparation of required reconciliations, reviews reports for accuracy and to ensure that un-cleared and/or outstanding items are investigated.
Supervises the fixed asset management process. Establishes procedures to secure, account for and monitor the acquisition, movement and disposal of fixed assets across the group.
Oversees the deduction and remitting of deductibles e.g. Pension Funds, PAYE
Computation and remittance of tax liabilities to the appropriate regulatory bodies
Coordinates the statutory reporting process and preparation of the Group annual returns
Approves accruals and adjustments on erroneously posted financial transactions into the financial system
Responds to relevant requests from financial institutions.QualificationsMinimum of 10 years relevant experience, 3 of which must have been in a Management position of an organisation, interfacing with the Executive team and Financial partnersMinimum of a first degree in Accounting, Finance, Economics or any related disciplineRelevant professional certifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalentExperience of statutory financial reporting and knowledge of GAAP, IFRS Desirable:MBA or Master’s degree in a related disciplineSkills
Financial management, accounting, analysis
Financial reporting and budgeting
Accounts reconciliation
Cost and revenue management
Payables and debtor / receivables management
Fixed asset management
Financial modelling and analysis
Management accounting
Knowledge of relevant ERP Accounting applications e.g. SAP,
OracleCompetencies
Communication (Verbal and Written)
Leadership
Attention to detail
Problem solving and analytical
Team development and managementKey Performance Metrics
Performance Area- Accounts Management
Performance Measures/Indicators
▪ Integrity of physical and electronic accounting information
▪ Timely resolution of accounts discrepancies
▪ Timely reconciliation of accounts
▪ Number of timely losses identifiedPerformance Area- Reporting
Performance Measures/Indicators
▪ Feedback from external auditors & Regulators
▪ Timeliness, completeness and accuracy of financial reports
▪ Level of usage of management reports for decision-making
▪ Completeness of fixed assets inventory/registerPerformance Area- Statutory Compliance
Performance Measures/Indicators
▪ Number of defaults recorded in payment of Tax, Pension
remittance and other statutory payments
▪ Ratio of compliance cost to company’s revenuePerformance Area- Asset and Fund Management
Performance Measures/Indicators
▪ Accuracy and of fixed asset records
▪ Effective Monitors of income and expenditure
▪ Accuracy of ledgers for accounts – Payables, Receivables etc.Additional InformationCompetitive renumuneration
Expected salary:
Location: Lekki, Lagos State
Job date: Sat, 21 Jun 2025 22:04:44 GMT
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