Financial Control Manager at Petrogap Oil and Gas Limited

Petrogap Oil and Gas Limited was incorporated as a response to the emerging trends in the dynamic Oil & Gas industry. We are a wholly indigenous company and registered player in the Upstream, Midstream and Downstream sectors of the Oil & Gas industry.

We are recruiting to fill the position below:

Job Title: Financial Control Manager

Location: Lagos
Employment Type: Full-time

Core Job Description
Treasury:

• Maintain stewardship for financial assets and debt, including being in charge of cash management, debt management and investment management functions of the organization and its affiliated entities.
• Develop and implement daily, monthly and quarterly cash forecasting models.
• Present financial forecasts based on actual spend and the organization’s financial position.
• Monitor the financial investments and record capital growth
• Advise on the organization’s reserves and investment policy
• Research and recommend financing alternatives, analyzing options and providing recommendations to the Management.
• Structuring debt arrangements with lenders, Managing corporate investments and Monitoring cash flow.
• Maintain the corporate liquidity and financial stability.

Tax:

• Liaise with Tax Authorities, Auditors and other Regulatory bodies as regards preparation and filing of the Audited Financials and other Tax related matters.
• Ensuring prompt remittance and various statutory deduction i.e VAT, PAYE, CIT, Pension Fund etc.

Financial Accounting:

• Preparing Financial Statement in line with the IFRS standards.
• Prepare the monthly Management accounts
• Responsible for the Asset and Liability Management, including a monthly report of the Asset Register.
• Preparing and Maintaining balance sheet schedules, ledgers, profit and loss statement, monthly and yearly financial statements and other reports
• Carrying out monthly bank account closing and analysis.
• Carry out bank reconciliation analysis and account audit
• Liaise with Bank on Transaction rates and Foreign Translation rate.
• Payroll administration and preparing of monthly sales reports for analysis.
• Developing and consolidating the departmental and organization’s budget.
• Periodic audit of departmental processes.
• Monitoring compliance in line with accepted accounting principles and company procedures.
• Developing, maintaining and implementing financial internal controls, policies and procedures.

Qualifications / Person Specification
Mid - Top Level:

• First Class grade or a minimum of 2:1 in BSc in Accounting or related discipline
• Accounting certification is required (ICAN, ACCA, ACA).
• At least 4 - 6 years+ as an Accountant, a Financial reporting officer or a Finance MGR.
• Experience working in the Oil and Gas industry will be an added advantage.
• Age: 27 – 40yrs
• Sex: Male or Female
• Monthly Remuneration: Competitive and Quarterly Bonus.

Requirements and Skills:

• Knowledge of capital markets, accounting and business finance
• Strong experience/knowledge in Financial Reporting, Treasury and IFRS is required.
• Strong financial acumen and analytical skills.
• Business acumen with a problem-solving attitude.
• Detailed knowledge of accounting principles and practices.
• Statutory regulations (IFRS).
• Understanding of taxation commercial law.
• Broad understanding of global & regional economics.
• Knowledge of financial principles
• Proficient in Excel and MicroSoft Suites
• Good negotiation skills, Innovative, Leadership, Planning, Interpersonal skills, Communication skills
• Ability to work under pressure and Attention to detail.
• Candidates should have 2 years+ management experience.

Application Closing Date
1st February, 2025.