Job Description
Job Summary • The Accountant (Payables & Receivables) is responsible for managing the company’s financial transactions related to suppliers, contractors, clients, and partners.
• This role ensures accurate recording, timely payments, efficient collections, and compliance with both local and international accounting standards.
Key Responsibilities
Account Payable
• Process vendor invoices, verify accuracy, and ensure timely payments.
• Reconcile supplier statements and resolve discrepancies.
• Monitor outstanding liabilities and maintain vendor relationships.
Account Receivable:
• Generate and issue client invoices for petroleum products, consultancy, and service contracts.
• Track collections, follow up on overdue accounts, and manage credit control.
• Maintain accurate records of customer accounts and receipts.
Financial Reporting:
• Prepare monthly, quarterly, and annual reports on payables and receivables.
• Support management with cash flow forecasts and working capital analysis.
• Assist in audits and ensure compliance with IFRS and Nigerian tax regulations.
Compliance & Controls:
• Ensure adherence to company policies, statutory requirements, and industry standards.
• Implement internal controls to prevent fraud and financial mismanagement.
• Liaise with external auditors, tax authorities, and regulatory agencies.
Cross-Functional Support:
• Collaborate with operations teams in waste management, haulage, and marine services to align financial records with service delivery.
• Provide financial insights to support project costing, budgeting, and profitability analysis.
Key Requirements
• Degree in Accounting, Finance, or related field (Master’s degree preferred).
• 5 - 7 years’ experience in accounting, with at least 3 years in oil & gas or related industries.
• Professional certification (ACA, ACCA,) required.
• Strong knowledge of IFRS, Nigerian tax laws, and petroleum industry regulations.
• Experience in with ERP/accounting systems (SAP, Oracle, or similar).
• Excellent analytical, communication, and leadership abilities
Skills & Competencies:
• Ability to interpret complex financial data.
• Precision in preparing reports and ensuring compliance.
• Clear reporting to both technical and non-technical stakeholders.
• Ability to identify financial risks and propose solutions.
• Work effectively with finance, operations, and compliance teams.
