OANDO Nigeria Recruits Financial Reporting Manager

Vacancy Code FRM///26619
Vacancy Title Financial Reporting Manager
Department Finance
Date Published Oct 12, 2012
Closing Date Oct 26, 2012
Vacancy Description

JOB SUMMARY
The Financial Reporting Accountant provides technical and administrative support to the Financial Controller in executing Oando Energy Resources Inc. (OER) financial management strategies that aim to ensure the continued efficiency, profitability and growth of the Company and its subsidiaries.
The role is responsible for day-to-day supervision of transactions processing; preparing accurate records of all the Company’s finance and accounting transactions with a view to ensuring consistent and accurate reports that reflect a true and fair view of the Company’s financial position at all times. Responsibilities also cover Assets and Liabilities Management, enabling adequate levels of liquidity and working capital to be maintained at all times.
The incumbent will also be responsible for provision of detailed management information for all entities within the Oando Energy Resources Inc. (OER).
SPECIFIC DUTIES & RESPONSIBILITIES
Accountable for ensuring our policies and procedures are in line with IFRS
Prepares consolidated Financial Statements for group of companies
Prepares and records asset, liability, revenue, and expenses entries by compiling and analyzing account information
Assist in preparation of annual budget and quarterly forecasts
Ensure that Fixed Asset sub-ledger is maintained and reconciles to the G/L
Responsible for coordination of Internal Audit, External Audits and C-SOX work
Prepares monthly Leadership reports and quarterly reports for the Board including MD&A
Accountable for reconciliation of and assisting in the confirmation of general ledger accounts.
Liaise and provide reports to governmental bodies such as DPR, NAPIMS, and FIRS etc.
Prepare and provide upstream technical analysis such as ARO, SMOG, Decommissioning, Ceiling test, impairment etc.
Responsible for timely month end, quarterly and annual closings in line with closing schedule as prescribed by the controller and corporate accounting group
Preparing journal entries and account analysis, tracing errors, researching and correcting account discrepancies and maintaining various accounting reports.
Ensure that physical inventory counts take place annually.
Ensure the assets are properly recorded and depreciated / assess capital vs. expense treatment
Responsible for preparation of Monthly P& L and Balance Sheet for each asset.
Conduct variance analysis together with assigned assets budget holders of actual results vs. budget and current period vs. prior periods.
Responsible for WHT, Payroll tax and VAT payment.
Generating, maintaining, and distributing monthly client billings and cash call on partners. Resolve partners issues as it relates to accounting and finance
Track, update and maintain records of lifting positions on assets on a monthly basis
Understand and maintain accounting responsibilities as agreed with partners in JOA
Actively participate in internal and external audits.
Supports the defined needs of the Accounting Department and the organization, including
Attend Leadership meetings when CFO or Controller is out of the office
KEY PERFORMANCE INDICATORS
· Accuracy of transaction processing (posting of entries etc.)
· Accuracy of accounting schedules prepared
· Level of un-reconciled items in accounts handled
· Quality and timeliness of accounting reports produced
· Level of adherence to regulatory/statutory reporting guidelines and timelines
· Quality and ease of retrieval of financial information/documents and reports
· Transaction turnaround times
QUALIFICATIONS & EXPERIENCE
B.S. degree in Accounting
MBA will be of added advantage
Public Accounting experience preferred
ACA is required
5-8 years of experience
Solid written and communication skills
Strong organizational skills
Strong knowledge of Excel
Knowledge of Upstream business and accounting.
KNOWLEDGE & SKILLS REQUIRED
Oil & Gas Industry Dynamics
Product Knowledge
Foreign Exchange and Money Markets
Finance & Investment Management
Assets and Liabilities Management
Financial Analysis and Interpretation
Portfolio Management
Nigerian and international Oil & Gas Industry
Networking
Negotiation
Business Performance Monitoring
Relationship Management
Leadership/Supervisory
Teamplaying
Oral & Written Communication
PC Utilisation

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