Account Officer at Felton Energy Services Limited (FESL)

Felton Energy Services Limited (FESL) is an indigenous oil & gas procurement, operation and maintenance company in Nigeria. The company was established to supply global customers with Electrical, Mechanical, Industrial and Engineering Products, on time and at the most competitive prices. FESL has unrivalled commitment to the Oil & Gas Industry and has gained support of the leading manufacturers which ensures our solutions are at the forefront oftoday’s technology.

We are recruiting to fill the position below:

Job Title: Account Officer

Location: Port Harcourt, Rivers
Employment Type: Full Time

Job Summary

• The Accounts Officer at Felton Energy Services Limited plays a crucial role in managing the company’s financial records, ensuring accuracy and compliance with regulations.
• This role involves handling financial transactions, maintaining ledgers, supporting debt recovery efforts, and managing loan-related activities.

Responsibilities
Financial Transactions Management:

• Record and process daily financial transactions, including payments, receipts, and invoices.
• Ensure that all financial transactions are accurately documented and recorded in the company’s accounting system.

Ledger Maintenance:

• Maintain and update the general ledger, ensuring that all entries are accurate and up-to-date.
• Reconcile account balances and bank statements, verifying the accuracy of financial data.

Accounts Payable and Receivable:

• Manage accounts payable by processing vendor invoices, verifying expenses, and preparing payment runs.
• Handle accounts receivable by issuing invoices, tracking payments, and following up on outstanding receivables.

Debt Recovery:

• Monitor overdue accounts and implement strategies for effective debt recovery.
• Liaise with clients to resolve payment issues and negotiate repayment plans.
• Maintain records of all debt recovery activities and report on the status of delinquent accounts.

Loan Management:

• Oversee the company’s loan portfolio, ensuring timely repayment of loans and compliance with loan agreements.
• Prepare loan schedules and track interest payments and principal reductions.
• Coordinate with financial institutions for loan disbursements, renewals, and settlements.

Financial Reporting:

• Assist in preparing monthly, quarterly, and annual financial reports for management review.
• Support the preparation of financial statements and reports required for external audits and regulatory filings.

Budget Monitoring:

• Assist in monitoring budgets and comparing actual results with the budgeted figures.
• Provide regular updates to management on budget variances and financial performance.

Tax and Compliance:

• Ensure compliance with all tax regulations by preparing and filing accurate tax returns on time.
• Stay updated on changes in tax laws and regulations and ensure the company’s adherence to them.

Payroll Support:

• Assist in processing payroll, ensuring that all employees are paid accurately and on time.
• Handle payroll-related queries and ensure compliance with payroll regulations.

Internal Controls:

• Contribute to the development and implementation of internal controls to safeguard the company’s assets.
• Assist in conducting internal audits to ensure financial accuracy and compliance with company policies.

Financial Analysis:

• Perform financial analysis to identify trends, variances, and areas for cost reduction or improvement.
• Provide insights and recommendations to management based on financial data analysis.

Documentation and Record-Keeping:

• Maintain organized financial records and documentation for easy retrieval and reference.
• Ensure that all financial records are stored securely and comply with data protection regulations.

Support to Other Departments:

• Collaborate with other departments to provide financial information and support for decision-making processes.
• Assist in preparing financial documents required for business development and project executions.

Required Experience / Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 1 to 3 years of experience in accounting or finance roles, preferably within the oil & gas, maintenance, or procurement sectors.
• Experience in debt recovery and loan management is an advantage.
• Professional certifications such as ICAN or ACCA are an advantage.

Desired Skills:

• Knowledge of accounting principles and practices.
• Proficiency in accounting software (e.g., QuickBooks, Sage) and Microsoft Office, particularly Excel.
• Excellent analytical and problem-solving skills.
• Attention to detail and a high level of accuracy in financial record-keeping.
• Communication and interpersonal skills, with the ability to work effectively with different departments.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.
• Knowledge of tax regulations and compliance requirements.
• Experience in debt recovery and loan management is highly desirable.

Salary
N150,000 - N200,000 Monthly.

Application Closing Date
Not Specified.