Budget Monitoring, Reporting, and Systems Supervisor 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: Budget Monitoring, Reporting, and Systems Supervisor

Location: Warri, Delta
SBU: Amaranta Oil & Gas

Job Summary & Purpose

• The Budget Monitoring, Reporting, and Systems Supervisor, reporting to the Finance and Account Coordinator, is responsible for overseeing the company’s budgeting process, monitoring budget performance, and maintaining financial reporting systems.
• This role plays a critical function in ensuring effective financial management, accurate reporting, and adherence to budgetary controls within the organization.

Responsibilities
Budgeting Process:

• Collaborate with department heads to develop annual budgets and forecasts.
• Review budget proposals for completeness, accuracy, and alignment with strategic objectives.
• Consolidate and analyze budget submissions to identify variances and areas for improvement.
• Present budget recommendations to management for approval.

Budget Monitoring and Reporting:

• Monitor actual financial performance against budgeted targets on a regular basis.
• Analyze variances and investigate discrepancies to determine underlying
  causes. 
• Prepare and distribute budget variance reports to department heads and
  management.
• Provide insights and recommendations for corrective actions to address budget variances.

Financial Reporting Systems:

• Maintain and update financial reporting systems to ensure accuracy and
  reliability of financial data.
• Implement enhancements or modifications to reporting systems as needed.
• Train finance staff and end-users on the use of reporting systems and
  budgeting tools.
• Troubleshoot system issues and collaborate with IT support for resolution.

Forecasting and Analysis:

• Assist in the preparation of financial forecasts and projections.
• Conduct financial analysis to support decision-making and strategic planning.
• Identify trends and potential risks/opportunities based on financial
  performance analysis.

Process Improvement:

• Identify opportunities to streamline budgeting and reporting processes.
• Recommend improvements to enhance efficiency, accuracy, and
  effectiveness.
• Implement best practices and standardized procedures for budget monitoring and reporting.

Job Specifications
Academic Qualification:

• Bachelor’s Degree in Accounting, Finance, Business Administration, or related field.

Professional Qualification:

• Professional certification (e.g., CPA, CMA) is preferred but not required.

Experience:

• Minimum of 8 years of experience in financial analysis, budgeting, or related roles, preferably in the oil and gas industry.
• Experience with budget monitoring, reporting, and financial systems management.

Key Skills and competencies:

• Strong analytical and quantitative skills.
• Proficiency in financial modeling and forecasting techniques.
• Advanced knowledge of budgeting principles and practices.
• Experience with financial reporting systems and ERP software (e.g., SAP, Oracle).
• Excellent communication and presentation skills.
• Attention to detail and ability to work under tight deadlines.
• Ability to collaborate effectively with cross-functional teams

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should send their updated CV to: Hr@amarantaoilandgas.com using the Job Title as the subject of the email.