Accountant at Terra Energy Services Nigeria Limited

Job purpose

The Accountant is responsible for managing financial records, ensuring accuracy in financial reporting, and supporting the organization’s financial operations in compliance with applicable regulations, accounting standards, and internal policies. The role involves monitoring transactions, preparing financial statements, supporting budgeting processes, and ensuring proper financial controls are maintained.

Duties and responsibilities

• Maintain accurate and up-to-date financial records, including general ledger entries, accounts payable, and accounts receivable in line with company policies and accounting standards.
• Manage project accounting activities, including tracking project costs, monitoring expenses, and ensuring accurate allocation of costs to specific projects.
• Prepare and issue client invoices in accordance with contractual agreements and approved project milestones.
• Monitor project budgets and expenditures, ensuring alignment with approved financial plans and reporting any variances to Management.
• Reconcile bank statements and financial accounts regularly, investigating and resolving discrepancies in a timely manner.
• Process vendor and contractor payments, ensuring all supporting documents are properly reviewed and approved.
• Maintain accurate records of mobilization, logistics, and operational expenses related to projects.
• Ensure timely computation and remittance of statutory deductions, including VAT, Withholding Tax (WHT), PAYE, and Pension contributions, in compliance with regulatory requirements.
• Support the preparation of monthly, quarterly, and annual financial statements and management reports.
• Assist in preparing budgets, forecasts, and financial projections, and monitor actual financial performance against approved budgets.
• Maintain proper documentation of financial transactions and ensure readiness for internal and external audits.
• Provide financial analysis and reports to support project performance monitoring and management decision-making.
• Liaise with banks, auditors, tax authorities, and regulatory bodies as required.
• Implement and maintain effective internal financial controls to safeguard company assets and ensure compliance with company policies.
• Collaborate with procurement, project teams, and other departments to ensure proper financial planning and cost control across projects.
• Continuously review financial processes and recommend improvements to enhance efficiency and accuracy

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field
• Professional certification (e.g., ACA, ACCA) or progress toward certification is an added advantage
• Minimum of 3 – 5 years relevant accounting experience
• Possession of an ISO 9001:2015 Internal Auditor certification will be an added advantage.
• Experience in financial reporting, taxation, and audit processes
• Strong understanding of accounting principles and financial regulations
• High level of integrity and attention to detail
• Project management certification will be an added advantage

Knowledge, Skills and Abilities

• Strong analytical and numerical skills
• Proficiency in accounting software and Microsoft Office applications (especially Excel)
• Good understanding of financial reporting standards and regulatory requirements
• Strong organizational and time management skills
• Excellent attention to detail and accuracy
• Effective communication and interpersonal skills
• Ability to work independently and manage multiple priorities
• Problem-solving mindset with a high level of accountability