Cost/Budget Accountant at United Geophysical (Nigeria) Limited

Level: Senior Staff

Reports To: Finance Manager
Responsibilities:

• Prepare reports, budgets and commentaries including variance analysis, on monthly financial statements.
• Undertake financial administration and work with the Internal Audit team.
• Liaise with managerial staff and other colleagues in the Finance Department.
• Assist in the development and management of financial systems and Company Operating Procedures (COPs).
• Forecasting income and expenditure based on existing & future prospective contracts.
• Contribute to advise managers about the financial implications of business decisions to aid growth and profit.
• Design, create and implement strategies, best practices and process improvements.
• Identify operational opportunities and implement best processes and practices. Present reports on revenue, expenditure and profits monthly, quarterly and annually.
• Report on expenditure and cash balance on daily basis.
• Seek new ways to improve efficiency and increase profits.
• Analyse actual costs and prepare periodic reports comparing budgeted costs to actual costs.
• Analyse and report variances between budgeted costs and actual operation costs.
• Liaise with managers and prepare weekly, monthly, quarterly and annual budgets.
• Determine fixed costs (e.g. salaries, rent and insurance),plan and record variable costs (e.g. purchases, materials and operations costs).
• Coordinate physical inventory counts and yearly inventory counts.
• Investigate inventory counting variances and resolve issues.
• Analyse changes in raw materials, operating methods and services provided, to determine effects on cost.
• Prepare the daily, weekly, monthly and annual budgets, compare it to actual results, and report on variances between budgeted costs and actual costs.
• Review costs of all inventory, labour, and material purchases.
• Monitor organizational spending to ensure that it is within budget.
• Review costs and managers' budget proposals for completeness, accuracy, andcompliance with regulations.
• Assist in month-end and year-end closing.
• Carry out assigned duties with honesty.

QUALIFICATION:

• Minimum of a B.Sc. in Accounting.
• Minimum of 4 years’ post NYSC experience as an Accountant, Cost Accountant or Budget Accountant.
• Possession of ICAN or CIMA is an added advantage

REQUIREMENTS:

• Must have excellent written and verbal communication skills.
• Knowledge of accounting best practices, laws, standards, state and national regulations and Generally Accepted Accounting Principles (GAAP).
• Excellent attention to detail.
• Ability to multitask and prioritise.
• Commitment to ensuring financial integrity, and ability to handle highly confidential information with discretion.
• Strong analytical ability, including the ability to quickly and effectively analyze, compare, and interpret data.
• Solid decision making skills and the ability to exercise independent judgment
• Demonstrated expertise with computerized accounting systems and Microsoft Office (MS Excel in particular).
• Ability to collaborate with a multi-department team