Finance / Account Manager at Western Development Company Limited

Western Development Company Limited is an Oil and Gas servicing company with about 25 years in the sector. Our experiences span Telecommunications, IT, Engineering, and Marine Services to mention but a few. We also employ and second manpower services, personnel and services to our customers.

We are recruiting to fill the position below:

Job Title: Finance / Account Manager

Location: Lagos
Employment Type: Full-time

Job Description

• We are currently seeking a highly experienced and qualified Finance/Account Manager to oversee all financial operations and accounting functions within our organization.
• The Finance/Account Manager will play a critical role in managing financial risks, ensuring compliance with regulatory requirements, and providing strategic financial guidance to support business growth and profitability.
• The ideal candidate will have a strong background in finance and accounting, with extensive experience in the Oil & Gas industry.

Responsibilities

• Oversee the day-to-day financial operations of the company, including financial planning, budgeting, cash flow management, and financial reporting.
• Develop and implement financial policies, procedures, and controls to ensure accuracy, transparency, and compliance with regulatory standards and industry best practices.
• Manage the preparation of financial statements, reports, and forecasts, and present financial performance metrics to senior management and stakeholders.
• Monitor and analyze financial data and key performance indicators (KPIs) to identify trends, variances, and opportunities for improvement, and make recommendations for strategic decision-making.
• Lead the annual budgeting process and long-term financial planning initiatives, working closely with department heads and senior management to align financial goals with business objectives.
• Manage relationships with banks, financial institutions, auditors, and other external stakeholders, and ensure timely and accurate compliance with all statutory and regulatory requirements.
• Coordinate with project teams, procurement, and accounting staff to track project costs, revenue recognition, and billing processes, ensuring accuracy and completeness of financial records.
• Lead financial risk management activities, including assessment of credit risk, foreign exchange exposure, and hedging strategies, to mitigate financial risks and optimize financial performance.
• Provide strategic financial guidance and support to senior management on investment decisions, capital allocation, and business expansion initiatives.
• Mentor and develop finance and accounting staff, fostering a culture of continuous learning, professional development, and high performance.

Requirements

• Bachelor's Degree in Accounting, Finance, Business Administration, or related field; Master’s degree or professional certification (e.g., ACCA, CPA, CFA) is preferred.
• Minimum of 10 years of progressive experience in finance and accounting roles, with at least 5 years of experience in a managerial or leadership capacity.
• Extensive knowledge of financial principles, accounting standards, taxation, and regulatory requirements, particularly in the Oil & Gas industry.
• Proven track record of financial management, budgeting, forecasting, and financial analysis, with a focus on driving business performance and profitability.
• Strong leadership and team management skills, with the ability to inspire, motivate, and develop a high-performing finance team.
• Excellent communication and interpersonal skills, with the ability to interact effectively with senior management, board members, and external stakeholders.
• Advanced proficiency in financial modeling, spreadsheet analysis, and financial management software (e.g., SAP, Oracle, QuickBooks).
• Demonstrated ability to work collaboratively across functions and departments, with a customer-centric approach to financial management and decision-making.
• Strategic mindset, with the ability to think analytically, anticipate future trends, and develop innovative solutions to complex financial challenges.
• High level of integrity, professionalism, and ethical conduct, with a commitment to upholding the highest standards of financial governance and compliance.

Application Closing Date
28th February, 2024