Financial Reporting Officer at FIRST E&P Limited

Description

• The Financial Reporting Officer will be responsible for ensuring the accuracy and timeliness of financial reporting in compliance with relevant accounting standards and regulations.
• This position plays a vital role in supporting strategic decision-making by providing insightful financial analysis and maintaining a robust control environment within the Company. The successful candidate will have a direct impact on the strength of the organization's internal controls over financial reporting and overall success.

Key Responsibilities

• Coordination and execution of month-end, quarter-end and year-end close activities which include preparing accurate journal entries with supporting schedules, conducting thorough reconciliation of balance sheet accounts, and ensuring strict adherence to established deadlines. 
• Preparation of monthly and quarterly management reports showing the debt position of the organization, short term working capital positions, cash flow analysis and variance analysis comparing budget to actuals for management information. 
• Tracking all acquisitions and disposals of fixed assets, accurately calculating and recording depreciation expenses, periodic asset verification and maintaining organized and up-to-date fixed asset register. 
• Periodic testing of the design and operating effectiveness of internal controls which includes thorough documentation of existing controls, the diligent execution of testing procedures to assess their functionality of design and operating effectiveness, and the clear reporting of findings to ensure ongoing compliance and the effective mitigation of financial risks. 
• Preparation and audit of financial statements that conform to International Financial Reporting Standards (IFRS) and other local regulatory requirements.  
• Manage the execution of the associated statutory audit. Liaise with external auditors and ensure all audit requirements are prepared and available on a timely basis. 
• Analysing financial performance and contributing to medium and long-term business planning and forecasts 
• Managing the accounting process to ensure that all financial transactions are completely and accurately captured in the company’s books. 
• Ensure that finance processes and policies are up to date and adhered to by all employees on all company transactions. 
• Where requested provide financial input and advice to the Management Team on submissions to partners and third parties. 
• Staying abreast of latest industry trends and changes in the local regulatory landscape to ensure adherence new and updated regulations impacting the upstream oil and gas sector in Nigeria

Requirements

• Candidate is expected to possess recognised professional accounting qualification with at least 5 years relevant post qualification experience preferably with some oil and gas exposure.
• The ideal candidate must be self-motivated, analytical, organised, a good communicator and be able to work with multiple issues. Sound knowledge of industry standard accounting systems and Microsoft Office is essential.