Finance Officer at Deep Blue Energy Services Limited

Location: Lagos Island, Lagos
Job Type: Contract
Job Shift: Day
Duration: 2 weeks
Job Status: Sourcing
Career Level: Experienced (Non-Manager)

Job Description

• Recovery of direct and indirect costs in line with agreed basis.
• Responsible for all third-party invoicing as well as sharing of revenue from third party invoicing.
• Carryout reconciliation/analysis of all receivable accounts in the general ledger.
• Monitor customer accounts and escalate payment issues like failed payment commitment.
• Process accounts and incoming payments in compliance with financial policies and procedures.
• Treatment of affiliate development loans and associated interest on cash calls and billing statements.
• Develop proposal for specific written–off bad debts and make provisions for doubtful debts.
• Responsible for revenue collection drive and follow-up.
• Generate financial statements and reports detailing accounts receivable status.
• Reconcile the accounts receivable ledger to ensure that all payments are accountedfor and properly posted.
• Monitor and resolve invoices with issues that might cause delays in receiving payment.
• Prepare cash calls and issue cash calls to partners
• Follow up with partner queries on cash calls and ensure cash calls are received on due date
• Prepare bank reconciliations and monthly balance sheet reconciliations.
• Manage relationship with JV customers.
• Maintain accounts receivable account balances and actively work outstanding balances.
• Book monthly revenue related accruals when needed.
• Assist in monthly analysis and explaining variances.
• Assist with process improvements ideas/implementations on bookings, accounts receivable, accruals and other daily/monthly functions.
• Oversee vendor accounting activities and reconciliation of the Company’s payment records to ensure that pay-outs are accurate and time.

Requirements

• B.Sc in Finance or Accounting
• Minimum experience of 5 years
• Minimum of 5 years of relevant experience in upstream oil and gas business, and in-depth knowledge of accounting principles.
• Professional Qualification ACA, ACIT, ACCA will be an added advantage
• A Master's degree in Business Administration or Finance will be an advantage.
• Between 25 - 45 years.