Latest Jobs at Oando

Reports to: Division Manager, Financial Reporting

Supervises: Financial Reporting Accountants

External Contacts: Team members from the external auditors, mid-level regulatory officers

Job Purpose

The Assistant Manager, Financial Reporting provides technical and administrative support in executing OERNL financial reporting strategies and obligations that aim to ensure the continued efficiency, profitability and growth of the Company and its subsidiaries.

The role is responsible for coordination of the interactions between Financial Reporting Accountants. Approve transactions being recorded and processed with a view to ensuring consistency and accurate reports that reflect a true and fair view of the Company’s financial position at all times. Responsibilities also covers review of financial analysis of assigned entities which will support working capital and liquidity management by senior team members in Finance. The incumbent will also be responsible for presentation of detailed financial information at each reporting period to the respective Financial Reporting Managers.

Main Responsibility Areas

• Review statutory accounts of subsidiaries
• Approve transactions of corporate and others are posted accurately and timely.
• Review and approve financial analysis for entities within and outside Nigeria.
• Check and approve IFRS disclosure checklists in place. and implement solutions to unconventional situations and results oriented.
• Review and approve detailed analytical reviews to be used for internal and external reporting to key stakeholders.
• Provide support to ensure strict adherence to set policies and procedures for internal controls over financial reporting
• Support financial reporting Manager with managing audit requirements with EY and PwC for the consolidated entities.
• Ensure transactions are recorded in line with IFRS
• Build system templates for preparation of relevant financial reports to monitor performance and support decision making
• Key Financial accounting inputs for tax audis.
• Support JV accounting team on treatment of complex transactions

Person Specifications

• B.Sc degree in Accounting or relevant degree
• Membership of a recognized Accounting Professional Body (ACA / ACCA / CPA)
• Working experience in a big 4 audit and accounting firm / Oil and Gas will be of added advantage.
• Good knowledge of IFRS
• Minimum of 8 years relevant work experience

Core Competencies

• Strong and effective Interpersonal Skills
• Good understanding of IFRS
• Competent in preparing statutory financial statements
• Oil and Gas Accounting
• Working Knowledge of Oil and Gas Industry in Nigerian and understanding PSC and Joint Venture Arrangements as well as their key accounting related issues.
• Understanding of Current and Deferred Taxes
• Computer Skills – Microsoft Office (Excel, Word etc) and Oracle EBS
• Ability to think strategically and holistically and provide direction and coaching to the team

Key Performance Indicators

• Support in the Completion of Statutory accounts for assigned subsidiaries.
• Timely completion of monthly, quarterly and annual close process.
• Compliance with IFRS

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Job Purpose

Through effective management of personal portfolio and a team of officers’ ensure provision of efficient Corporate Governance Services to Oando Energy Resources and subsidiaries and associated companies across the various jurisdictions that the company has operations. Holds key responsibility for ensuring compliance by the Board of Directors and Executive Management with the Group Governance Framework and the effective management of internal compliance with all policies and statutory obligations for the Group. Also responsible for maintaining key stakeholder relationships (Regulators, Business Partners and Shareholders) and overseeing and ensuring the timely resolution of all due diligence enquires.

Key Responsibilities

• Advice and provide guidance to the Chairman, directors and their stakeholders on their powers and duties, in accordance with the Group Governance Framework, Legislation, Listing rules and Corporate Governance Codes and Policies.
• Create, support and enhance a culture of Compliance within the Group by developing and delivering policies and training materials for management, staff, and other key stakeholders.
• Execute and articulate the company’s corporate governance strategy and ensure that it is embedded in all board and business process by developing advising on and reinforcing good corporate governance standards
• Undertake continuous monitoring and reporting on the governance framework and ensure that all staff understand the importance of the Code of Business Conduct & Ethics and adhere to its principles.
• Swiftly address all non-compliance with the Code and Corporate Governance Framework by ensuring timeous investigation making recommendations regarding violations of policies and procedures within the organization, in accordance with the Company’s compliance procedures.
• In conjunction with Risk & Controls team, close identified governance related control gaps through the formulation, review and modification of policies and procedures in keeping with relevant business realities.
• Investigate potential Conflicts of Interest, and ensure that all work practices and business processes comply with internal policies, laws and regulations.
• Provide governance-related advisory on corporate transactions by collaborating with other units to determine the most cost-efficient corporate governance structure, providing due diligence clearance of the transaction and assisting with any post-transaction integration requirements.
• Review and provide comments and advice on agreements and other legal documentation in respect of corporate transactions.
• Manage the preparation of all financial reporting requirements and the convening of all statutory meeting including Annual General Meeting
• Liaise with internal and External auditors to ensure accuracy of applicable national and international regulatory reporting
• Ensure follow-up and closure of all management control issues arising out of the full year audit
• Manage the corporate entity database, and ensure currency and integrity of data maintained in it
• Analyze shareholder base, and develop cost effective communication strategies that will adequately engage them and satisfy regulatory requirements
• Communicate appropriate messages to shareholders based on power, influence and transparency requirements
• Develop, implement and advise on the interpretation and application of relevant laws, regulations and policies to ensure compliance with legal and statutory requirements within the entities and the group.
• Establish and maintain an efficient working relationship with the relevant regulators and local and international good governance organizations to which the company subscribes; be responsible for correspondences and meet all the company’s obligations under these arrangements.
• Create and analyze budgets for projects or operations within area of responsibility.
• Effectively manage a team of Governance Officers in the execution of various duties, to ensure alignment with strategic direction, vision and values for the organization.
• As part of performance management and succession planning, identify the strengths and weakness of the team and develop methods and means for maximizing the input and involvement of team members.
• Carry out all such other tasks as may be assigned by the Division Manager Governance and Compliance or the Chief Compliance Officer.

Person Specifications

• First degree in Law; BL
• Minimum 7 years PQE gained in a large private company, public limited company or a reputable professional legal firm.
• Sound knowledge and experience of Compliance & Corporate Governance issues.
• Certification as an Ethics & Compliance officer OR a Chartered Secretary will be an added advantageous.
• Ability to plan and execute multiple complex transactions under pressure
• Good team player with excellent communication skills

Required Competencies

• Knowledge of Corporate Law and Securities Regulations in Nigeria
• Oil & Gas Industry History and Dynamics
• Experience of Local & International Statutory and Regulatory bodies governing Companies generally and those operating within the Oil & Gas Industry.
• Desire to effect change with commitment to improvement and innovation
• Client Relationship Skills
• Strong Analytical skills
• Strong commercial and practical approach to problem solving
• Strong interpersonal & client relational skills
• Financial numeracy, analysis and budgeting
• Sound oral and written communication skills
• Legal Drafting and Report Writing Skills
• Interpersonal & Government Relations
• Business performance measurement
• Ability to work under pressure.
• Ability to positively influence the thinking of others to gain commitment and support.
• Networking