(http://www.theinfostride.com/cdn/img/oando_plc.JPG)
Job Title: Financial Accountant
Location: Head Office
Department: Finance
Directly Reports to: Financial Controller
Supervises: Receivable / Payable Officer, Treasury Analyst
Division: Oando Exploration and Production Limited
Company: Oando Plc
JOB SUMMARY:
• The Financial / Management Accountant (http://www.theinfostride.com) provides technical and administrative support to the Financial Controller in executing Oando (http://v) Exploration and Production Limited (OEPL) 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 (http://www.theinfostride.com) 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 Exploration and Production Limited (OEPL).
SPECIFIC DUTIES & RESPONSIBILITIES:
• Assist with the preparation of Annual Budget and revision
• Prepare monthly analysis of expense and revenue and compare to budget, explaining trend and variances
• Ensure budgets are adequately loaded into the ERP system
• Responsible for the preparation of P/L and Balance Sheet of OML 125 & 134 asset
• Prepare and Provide upstream technical analysis for OML 125 & 134 asset such as ARO, SMOG, Decommissioning, ceiling test, Impairment, etc
• Ensures that Billing Statement from Joint Venture partners are timely received, reported and issues resolved Promptly
• Prepare monthly cash forecast
• Responsible for Payroll and Intercompany Reconciliation with all outstanding issues resolved and reported with supporting document
• Maintain and monitor accounting controls
• Ensures that OML 125 & 134 asset foreign Bank accounts are properly monitored, reconciled and timely reported upon
• Responsible for the preparation of Consolidated Management account for all assets for Group consolidation purpose
• Prepare monthly interim and closing journal entries and ensure appropriate supporting documents
• Ensure OML 125 &134 assets properly recorded and depreciated/assess capital vs. expense treatment
• Assist with monthly, quarterly and yearly audit
• Report monthly accounting information to Financial Controller.
• Reconcile Balance sheet accounts
• Ensure timesheets are prepared and approved weekly
• Maintain records of internal and external financial obligation
• Ensure weekly Employee Expense Reimbursements/reports are processed
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, Finance, Economics or related disciplines
• Public Accounting experience preferred
• ACA is a prerequisite
• 5 - 7 years of cognate experience
• Supervisory experience preferred for Sr. Staff
• Solid written and communication skills
• Strong organizational skills
• Strong knowledge of Excel
• Knowledge of Upstream business and accounting required
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
- Networking
- Negotiation
- Business Performance Monitoring
- Relationship Management
- Leadership/Supervisory
- Teamplaying
- Oral & Written Communication
- PC Utilisation
HOW TO APPLY
Please note that you need to register before you see details of the job, then update your Resume for application.
Click here (http://www.oando-cvmanager.com/careers/vacancies/vacancydetails/111) to apply online.
Deadline: November 25, 2011.