Finance/Accounts Manager

Job Objective/Purpose of Job:

The Finance/Accounts Manager will be responsible for overseeing financial operations, ensuring accurate accounting, financial planning, and budgeting in the company. This role involves maintaining compliance with financial regulations, ensuring efficient cash flow management, managing accounts payable/receivable, and contributing to the company’s financial strategy. The manager will also support business growth by providing financial insights and ensuring the financial health of projects.

1. Financial Planning & Budgeting:
• Lead the annual budgeting process, including the preparation, consolidation, and review of financial projections for the company’s upstream projects.
• Track and report budget variances, providing recommendations for corrective actions where necessary.
2. Financial Reporting:
• Oversee the preparation of accurate and timely monthly, quarterly, and annual financial statements in compliance with IFRS and relevant local laws.
• Prepare financial reports on project performance, cash flow, and capital expenditure (CapEx) analysis for management and stakeholders.
3. Accounts Management:
• Supervise accounts payable and receivable, ensuring the timely processing of invoices and payments.
• Manage account reconciliations, balance sheets, and ledger maintenance to ensure the accuracy of the company’s financial records.
4. Cash Flow Management:
• Monitor and manage the company’s cash flow to ensure adequate liquidity for ongoing projects and operational expenses.
• Provide cash flow forecasting and manage working capital requirements, including debt recovery and vendor payments.
5. Cost Control & Expense Management .Implement cost control measures and financial strategies to reduce operational costs while maintaining quality and efficiency in project delivery.
6. Review and control departmental expenses, ensuring adherence to budgets and identification of cost-saving opportunities.
7. Audit & Compliance:
• Ensure the company’s financial practices comply with internal policies, Nigerian regulations (e.g., FIRS, NNPC), and international financial standards.
• Lead audit preparations (internal and external), resolve audit findings, and ensure effective audit trails for all financial transactions.
8. Tax Management:
• Oversee the company’s tax filings and ensure compliance with local tax laws, including corporate tax, VAT, and other regulatory requirements.
• Work with external consultants and tax authorities to manage and resolve tax-related issues.
9. Risk Management:
• Identify and mitigate financial risks associated with foreign exchange volatility, credit exposure, and regulatory changes.
• Implement and maintain strong internal controls to prevent financial fraud, misreporting, and errors.
10. Capital Management:
• Oversee capital expenditure planning and approval to ensure optimal use of financial resources in projects.
• Manage relationships with banks and financial institutions for project financing, loans, and other capital needs.
11. Team Management:
• Lead and mentor the finance and accounting team, ensuring their professional development and alignment with company goals.
• Provide training and support to the finance team on best accounting practices, software, and regulatory updates.

1. Key Qualifications & Skills:
• Educational Background:
• Bachelor’s Degree in Finance, Accounting, or related field
• Professional certification such as ICAN, ACCA, or CFA is an addition.
• Experience:
• Minimum of 7 years of experience in finance or accounting, with at least 3 years in a managerial role.
• Strong experience in the upstream oil and gas sector, preferably within an EPICM environment.
• Technical Skills:
• Strong knowledge of IFRS, local tax regulations, and oil and gas accounting principles.
• Proficiency in financial software (e.g., SAP) and advanced Excel skills for financial modeling and analysis.
• Excellent understanding of cost control, cash flow management, and financial reporting in the oil and gas sector.
• Soft Skills:
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills, with the ability to present financial data to both technical and non-technical stakeholders.
• Leadership and team management abilities.

Salary