Senior Accounts Officer at Fosad Consulting

Our client is a major player in the upstream, and downstream segments of the petroleum sector. With a quality portfolio of oil and gas assets in Nigeria, our capabilities extend through upstream (exploration & production and drilling), downstream, trading of oil product, sub-surface engineering and data appraisal for geophysics and petroleum projects.

ROLE DESCRIPTION: Responsible for processing, recording, updating and reconciling fiscal information in compliance with established policies; providing instructions, recommendations and/or accounting support to other personnel; and analyzing expenditures against budget.

JOB DESCRIPTION:

• Distribute all approved LPOs and Work orders to the various Vendors.
• Receive all invoices for jobs completed by Vendors.
• Ensure approval and sign off by the respective Supervisors.
• Distribute all cheques received from the CEO to the various respective vendors.
• Keep a record of all cheque received and disbursed to vendors.
• Maintain a cash book and render weekly returns to the CFO.
• Summarize all cash requests as approved by the MD, CFO and the CEO
• Collate all retirements from staff and officers for all cash advances and reconcile
• Ensure all monies are correctly banked and posted onto the Sage system.
• Establish and maintain cash control systems
• Monitor and pay staff expenses
• Attend regular operational meetings and supply information on vendors balances, payments made on jobs and outstanding upon demand.
• Keep adequate records of creditors at all times for management information.
• Perform fund transfer via banks, daily payment schedule and posting of new receipts.
• Monitor overdrawn balances or large and bring unusual transactions to CFO’s attention.
• Raise direct debits and gift aid payments, as required by the management.
• Contribute to the planning for the year-end accounts process and annual audits.
• Contribute to the yearend file, including all working papers and back up documentation for the accounts.
• Control the profit and loss account ensuring creditors and debtors are correctly attended to.
• Establish and maintain supplier accounts and pay suppliers whilst prioritising payments in consultation with the Accountant and CFO if cash flow is limited.
• Post sales and purchase invoices to ledgers.
• Post journal entries to SAGE

COMPETENCIES REQUIRED

• Heavy SEC reporting in background with strong technical accounting experience
• Strong upstream, Exploration and Production accounting knowledge
• Public accounting experience highly preferred
• Experience working in fast paced, dynamic environments that have required adaptability and flexibility to be successful
• Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to board, investor groups or other outside partners
• Ability to act and operate independently with minimal daily direction from supervisor to accomplish objectives

QUALIFICATION AND EXPERIENCE

• Degree in Accounting, Finance or a related course
• IFRS Certification required
• ICAN/ACCA Membership required
• 6+ years of progressively increasing responsibilities