Head, Financial Reporting at Nestoil Limited

Nestoil is Nigeria’s largest indigenous Engineering, Procurement, Construction and Commissioning (EPCC) Company in the Oil and Gas sector and has been a significant contributor to local content in the industry since inception about 30 years ago. With about 2,000 direct employees, Nestoil continues to redefine industry standards in Pipeline Construction, Repairs and Maintenance with associated facilities for Dredging, River Crossing and Shoreline Protection.

We are recruiting to fill the position below:

Job Title: Head, Financial Reporting

Location: Lagos
Employment Type: Full-time

Job Description

• We’re on an evolutionary journey where we’re changing our story. We are looking to hire an experienced Accounts Officer, Accounts Receivable to join our diverse team in our Company.
• In this role, you will work closely with our Strategic Business Units (SBUs) and departments across the Group.
• You will be responsible for recording and reporting all accounts receivable transactions and all relevant system uploads.

Responsibilities
As Head, Financial Reporting you will be responsible for:

• Liaising with the Group Finance Manager to develop/update and implement financial and accounting policies, procedures, and strategies across the group.
• Maintaining the general ledger, manage and post all intercompany financial transactions, making accruals and adjustments as needed.
• Updating “chart of accounts” periodically to reflect account management activities.
• Developing and implement controls to ensure the integrity of the Company’s ledgers and associated systems.
• Reviewing all financial accounts, reports, and reconciliations to ensure adherence to the financial reporting cycle deadlines and presents timely reports to the Group CFO
• Summarizing outcome of management account submission reviews to highlight variances and the drivers with recommendation of corrective actions to address adverse variances.
• Publishing calendar for month end, quarter end and year end close activities and ensure SBUs submit their deliverables in line with deadlines.
• Working with Group Finance Manager to develop a timetable for the annual budgeting exercise together with guidelines to ensure consistency of assumptions used across board by all the business units.
• Overseeing proper capturing of financial transactions across all business units
• Maintaining existing relationships with relevant external bodies e.g auditors, financial institutions, regulatory organizations etc
• Acting to ensure compliance with the Group’s financial policies, procedures and standards.
• Overseeing the preparation of the Company’s trial balance and financial reports (cashflow statement, statement of financial position, profit or loss accounts) and manage the consolidation of financial information.
• Developing an operating mechanism to ensure all business units work consciously towards completing the annual statutory financial statements audit ahead of June 30 tax filing deadline.
• Providing coaching and technical support to team members
• Liaising with internal auditors to discuss and resolve queries.
• Ensuring strict adherence to HSE policies and procedures and comply with safe work methods as required.
• Any other task as may be assigned by the finance leadership team.

Requirements
What are we looking for?

• Minimum of a First Degree in Accounting, Finance, or any related discipline
• Relevant professional qualification e.g. ICAN, ACCA, CITN, etc.
• A minimum of 10 years relevant experience with at least 3 years in a supervisory role
• Good understanding of current finance and accounting principles. Knowledge of IFRS is added advantage.
• Good knowledge of automated financial reporting systems, federal and state financial regulations.
• Proficiency in the use of Ms Office Suite i.e Word, Excel, PowerPoint
• Financial reporting.
• Knowledge of local and international financial reporting standards and regulations
• Strong Problem solving, numerical & analytical skills.

Application Closing Date
Not Specified.