Financial Controller Job at Sahara Energy Field Limited

Sahara upstream covers different assets that are owned by different entities bur centrally managed but accounted for separately. Sahara upstream operations are relatively new within the highly technical upstream industry of the Oil and Gas sector. The budgets and network
is huge and on a technically operational level, thus it requires not just the knowledge of the how it is done, but also the knowledge of how to implement ‘it’.

Job Title: Financial Controller - SEFL

Operating Company: Sahara Energy Field Limited
Location: Lagos State

Role Summary:

• Correct documentation of business transactions in the financial records.
• Production of accurate and timely internal and external financial reports and
• Provision of financial analysis support for the entire business.

Responsibilities:

Transaction management:  this includes;

• General Accounting which involves;
• Bank Accounting and reconciliations,
• Managing Inter-Company charges and reconciliations,
• Billing and Accounts receivables,
• Payments and Accounts Payable,
• Periodic closing of the books
• Ensuring accuracy of Financial Accounting and Reporting.
• Upstream Accounting: Natural Gas Liquids Accounting handles accounting for inventory and movements, reconciliation of balance sheet accounts, billing and accounts receivable, price verification and invoice payment, exchange accounting.

Business Support: this involves;

• Maintaining Fixed Assets records, balances and dispositions,
• Internal reporting
• Provision of advice and interpretation on various accounting, issues to ensure appropriate compliance with International Financial Reporting Standards (IFRS), Nigerian GAAP and the Sahara Group policies.
• Capital investment and funding.
• Providing guidance on technical accounting matters inherent in contracts and other arrangements, such as financial instruments, purchase obligations and finance/operating leases in order to ensure appropriate accounting treatment is applied.
• System support for the current accounting application and ownership of planned ERP implementation.
• Provide training to Accounting and Finance staff required.Relationship with Group Finance on technical Accounting, Tax, Treasury, Strategy and Portfolio matters.
•  Participate in accounting discussions on complex investment/financing and other transactions.

Business Risk: This includes;

• Management of relationship with External Auditors and effective coordination of the entire audit process,
• Execution of SOX Controls.
• Coordinate all other audits and statutory reviews by relevant stakeholders such as, NNPC, NEITI, FIRS, State Tax authorities, ITF, etc
• Periodic review and evaluation of Company’s internal controls, processes and policies to ensure that they are adequate and effective.
• Working with other departments to ensure that existing processes, or proposed changes, are well controlled, operating efficiently and effectively, and identifying improvement opportunities.
• Plan and conduct operational audits of various field and administrative operations, functions, and processes.
• Perform special projects and fraud investigations.
• Identify improvement opportunities as a result of the assigned work and monitor the progress.
• Taxation and Tax Administration: This includes the following;
• Research and development of suitable tax plans and strategy
• Management of all agreed tax plans to achieve desired results
• Processing of all taxes promptly and correctly
• Management of all tax regulatory relationships
• Resolution of tax controversies promptly and mitigating the associated financial and reputational risks.

Qualification:

• Knowledge/Skills/ Minimum Qualification / Experience:
• B.Sc. Honours in Business Administration, Accounting, Social Sciences
• ACA
• 8-10 years cognate experience in Oil & Gas or professional audit practice.  SOX Audit experience is an advantage.
• Fluent written and spoken English.
• Computer literate in the following software applications: MS Word, MS Excel, Sun Accounting & Sun Business
• Strong analytical skills
• Excellent understanding of Company’s financial policies and procedures
• High quality work all the time
• Ability to develop and take additional responsibilities
• Interpersonal skills; team player
• High level of integrity

Requirements:

• Timely preparation and review of periodic and annual statutory reports
• Good knowledge and understanding of Accounting processes and Accounting standards (SAS, IAS and IFRS
• Excellent understanding of Company’s chart of accounts and financial policies and procedures
• Experience of SOX is essential
• Producing high quality work all the time and meeting all work deadlines.
• Good presentation skills
• High level of ethical standards in all business dealings.
• Timely clearance of all audit issues.
• Quarterly review of internal controls and production of reports.

Working Relationships.:

• Other Group Finance Managers and Controllers
• FIRS, NAPIMS, NEITI, State Board of Internal Revenue
• Statutory financial authorities, Board of Director and all staff.

Application Deadline: 6th October, 2012

Method of Application
Interested candidates should: click here to apply online

NB: When the page opens, select "Experienced Hire" from the User Type and click Find.

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