Senior Petroleum Accountant at a Leading Oil Exploration and Production Company

We are a leading Oil Exploration and Production Company with active operatorship of prolific blocks and Oil and Gas Assets in the Niger Delta.

As a result of our new expansion and development programmes, we are recruiting experienced, passionate and resourceful candidates to fill the position below:

Job Title: Senior Petroleum Accountant

Ref ID: SPA
Location: Nigeria

Summary

• To lead petroleum accounting, revenue reporting, and cost allocation for the company's upstream assets.
• The role ensures financial integrity across production, lifting, royalty. and JV cost processes.
• The Senior Petroleum Accountant provides accurate, timely reporting to management, partners, and regulators, ensuring compliance with contractual and fiscal obligations.

Key Responsibilities
Production and Revenue Accounting:

• Supervise monthly reconciliation of crude oil and gas production, liftings, and sales volumes across swamp and offshore fields.
• Validate production allocation between JV partners, royalty, and cost oil/gas entitlements.
• Liaise with operations, marketing, and terminal operators to confirm lifting schedules and realized revenues.
• Maintain accurate production and revenue records aligned with NUPRC/NMDPRA reporting standards.
• Support management in price realization analysis and variance reporting.

Cost and JV Accounting:

• Monitor cost recovery and prepare JV billing statements in accordance with joint operating agreements.
• Review cost allocations, accruals, and overhead distributions to ensure transparency and fairness among partners.
• Support audit processes (JV, internal, external, and regulatory) with accurate, reconciled documentation.
• Analyze operating expenditures, CAPEX, and project costs to improve financial efficiency.

Financial Reporting and Controls:

• Lead monthly and quarterly financial close for petroleum operations.
• Ensure accuracy of entries in ERP systems (SAP/Oracle) for production, revenue, and cost accounts.
• Prepare detailed management reports on production, cost, and profitability trends.
• Oversee royalty, tax, and regulatory payments to government agencies and verify compliance.
• Strengthen internal control processes for petroleum accounting and financial data integrity.

Planning and Coordination:

• Support budget preparation and forecast updates for production and revenue streams.
• Coordinate with petroleum engineers and production teams to reconcile production data with accounting records.
• Provide financial input to asset development and investment planning.
• Engage proactively with regulators (NUPRC, NMDPRA, FIRS) and JV partners on financial matters.

Education & Experience

• B.Sc. in Accounting, Finance, Economics, or related discipline.
• Professional qualification: ICAN/ACCA (mandatory). Minimum of 10 years' accounting experience, with at least 5 years in oil & gas upstream (production accounting, JV, and revenue management).
• Proven record of handling multi-asset or JV accounting environments in Nigeria's petroleum sector.
• ERP experience (SAP, Oracle, or SunSystems) preferred.

Skills/Competencies:

• Strong knowledge of oil and gas accounting principles, JV accounting, and production cost allocation.
• Solid understanding of lifting and terminal operations, royalty, and tax computations. 
• Advanced Excel and ERP proficiency with attention to data integrity.
• Analytical, detail-oriented, and capable of explaining complex financial data to non-finance colleagues.
• Excellent stakeholder management-operations, partners, and regulators.
• High ethical standards, confidentiality, and accountability

Remuneration
Attractive and above industry average.

Application Closing Date
16th December, 2025.