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.