Management Accountant at Sahara Group

Location: Ikoyi, Lagos
Job Type: Full Time

Purpose Statement

• The role is responsible for all accounting and financial reporting and tax related matters of both operated and non-operated joint ventures (JV) in accordance to (but not be limited to) International Financial Reporting Standards (IFRS) and oil and gas upstream accounting standards.

Key Deliverables
Financial Reporting Duties:

• Perform GL reconciliation/clean up and close payable and receivable module for all entities, run month–end accrual process and post into GL.
• Prepare and submit monthly accounts, TB, and relevant schedules to Management & Group Finance
• Prepare and submit monthly FINCOM performance reports
• Prepare and submit monthly crude entitlement report to JV Partners
• Prepare Budget vs. Actual costs on a monthly basis
• Prepare annual Financial Statements for all the upstream companies
• Provide Internal and External Auditors with all necessary information to facilitate prompt closure of audit.
• Prepare intercompany matrix and reconcile all differences between related entities

Tax Remittance Duties:

• Run monthly tax report, remit and file tax returns promptly
• Review tax liabilities within agreed entitlement model with Crude Oil Marketing Department (COMD), NNPC.
• Obtain Tax Receipts from all authorities and dispatch WHT receipts to vendors promptly.
• Liaise with Company’s Tax Advisers to ensure appropriate computation of PPT estimate and returns and prompt filing with relevant Tax Authority
• Promptly file PPT / CIT Returns for all entities
• Attend to every enquiries/memo from tax authorities.

Other related activities:

• Assist the Asset Manager with the Business Plan and performance monitoring
• Reconcile all bank accounts operated on a monthly basis.
• Other financial reports and analysis required by management.

Requirements
Minimum Qualification/ Experience:

• Minimum of 5-7 years of cognate experience with an upstream Oil and Gas Company or reputable audit firm.
• A chartered accountant (ACA/ACCA/CPA/CIMA) with Accounting, Audit & Financial Reporting (Major in Finance/Accounting) background.

Knowledge/Skills:

• Financial Reporting with detailed knowledge of International Financial Reporting Standards (IFRS) and oil and gas upstream accounting
• Oil and Gas Upstream Tax Laws
• Good working knowledge of Oracle Accounting Systems and MS Office programs especially Excel and PowerPoint is required.

Personality Traits:

• Excellent interpersonal and business communication skills
• Strict professional with a dedication to precision
• Detailed and highly numerate
• Passion for excellence.

Working Relationships

• Board of Directors
• Senior Management
• Auditors (Internal & External)
• Tax Authorities etc.