Financial Reporting Manager at Sahara Group

Role Accountabilities

Financial Reporting & Compliance

• Oversee the preparation of periodic financial statements, including income statements, balance sheets, and cash flow statements, in line with International Financial Reporting Standards (IFRS) and other applicable accounting standards.
• Ensure compliance with all statutory financial reporting requirements, including local regulations and tax laws.
• Coordinate and manage external audits and liaise with auditors to ensure timely completion and compliance with global industry standards.

Internal Control & Process Improvement

• Develop and implement financial controls and reporting processes to ensure accuracy, integrity, and efficiency in financial reporting.
• Identify opportunities to streamline reporting processes and recommend best practices to enhance productivity.

Budgeting & Forecasting

• Collaborate with the finance team to prepare and analyze budgets, forecasts, and financial models for strategic decision-making.
• Provide variance analysis between actual and forecasted financial results and recommend corrective actions as needed.
• Stay updated on changes in accounting and financial reporting regulations and ensure the organization remains compliant.

Joint Venture & Stakeholder Reporting

• Oversee the preparation and review of Joint Venture (JV), partner, and operator financial reports in accordance with Joint Operating Agreements (JOAs) and contractual obligations.
• Support partner reporting, cost recovery processes, and reconciliation of cash calls, billings, and joint interest transactions.
• Collaborate with commercial, petroleum engineering, production, and asset teams to ensure accurate reporting of operational and financial activities.

Team Leadership & Collaboration

• Supervise and mentor a team of financial reporting professionals, fostering a culture of excellence and continuous learning.
• Partner with other departments (operations, treasury, tax) to ensure alignment between financial reporting and business operations.

Systems & Continuous Improvement

• Champion the optimization of ERP and financial reporting systems to improve reporting accuracy, automation, and operational efficiency.
• Drive process standardization and digitalization initiatives to enhance reporting quality and reduce reporting cycle times.
• Participate in finance transformation initiatives and support the implementation of new accounting standards, reporting tools, and system enhancements.

Minimum Qualification

• A chartered accountant (ACA/ACCA/CPA/CIMA) with Accounting, Audit & Financial Reporting (Major in Finance/Accounting) background.
• Minimum of 12 years of progressive experience in financial reporting, accounting, or auditing, with at least 5 years in the oil and gas industry or a related sector.

Knowledge/Skills

• Previous industry knowledge with minimum of four years’ experience in Financial Reporting with detailed knowledge of International Financial Reporting Standards (IFRS) and oil and gas upstream.
• Oil and Gas Upstream Tax Laws.
• Good working knowledge of ORACLE Accounting Systems, Sun Systems and MS Office programs especially Excel and PowerPoint is required.
• Proficiency in financial analysis, budgeting, and forecasting techniques.
• Comprehensive understanding of local Nigerian tax laws, financial regulations, and reporting requirements.
• Strong ability to analyze complex financial data and present actionable insights to stakeholders.
• Proven track record of improving processes and driving financial performance in a fast-paced environment.