Latest Vacancies in a Reputable Oil and Gas Upstream Company

Westsons Limited - Our client, a reputable Oil & Gas Upstream Company is currently recruiting to fill the position below:

Job Title: Project Finance Controller

Location: Lagos
Business Type: Upstream Oil & Gas
Department: Finance and Accounts
Reports To 1: Functionally - GM Finance & JV Management
Reports To 2: Operationally - General Manager (Capital Projects & Engineering)

Job Purpose

• The Project Finance Controller will provide financial, operational and analytical support in an environment of large and diverse complex projects. This independent role is designed to support the deliverables of the Capital Projects & Engineering department especially by facilitating excellence in project delivery and enforcing policy adherence.
• Also reporting into the Finance Department, the incumbent will ensure value for money decisions across projects and serve as a point of escalation for project finance issues impacting assigned portfolio performance.

Key Roles and Responsibilities
Operational:

• Establish and lead the project control function supporting multiple actions across the portfolio of projects.
• Implement the company’s policies for best practices for project control, including:
  • Project budgets (including equivalent annual analysis),
  • Forecast to completion,
  • Burn rate analysis, and
  • Risk assessment.
• Serve as the subject matter expert with a higher level of authority for project controls from a financial and project execution perspective.
• Collaborate with procurement team to ensure policies are being adhered to and that standard levels of performance are being achieved with regards to efficiency to complete such activities.
• To support the financial and contractual functions in the projects, the individual will work alongside senior project and engineering managers.

Financial:

• Champions and ensures compliance to standardised best practices for project finance.
• Analyses and assesses trends that may impact the execution of the project along with the key drivers that may affect the financial health of the projects
• Initiates and manages project audit activities, if required.
• Develops and implements effective financial strategies, controls framework and management systems to guide and support the ongoing projects.
• Ensures that projects are delivered within budget, after all required approvals have been obtained.
• Provide periodic project financial performance reports for management decision making.
• Responsible for ensuring project spend comply with Joint Venture guidelines for full cost recovery.

Risk Related:

• Conducts financial risk analysis considering contract type, subcontracts/materials, resourcing, and other measures.
• Provides reporting and analysis on a variety of financial and operational issues related to the financial health and execution of the projects.
• Ensure portfolio cost control and risk assessment with responsibilities for both internal and potentially external reporting.
• Create risk management framework specific to the company based on existing portfolio.
• Reports financial risks to senior executives of the company.

Minimum Qualifications

• Bachelor's degree in finance, accounting or any finance-related field.
• A Master’s degree preferably in finance will be an added advantage.
• Professional accreditation (ACA, ACCA or similar).
• Project management certification or higher.

Work Experience:

• Minimum of 15 years post-graduation experience with at least 8 years at senior finance level preferably starting career with audit practice.
• Upstream Oil and Gas project Controllership experience is necessary.
• Knowledge of accounting standards.
• Good Management Accounting and reporting experience is essential.

Preferred Skills / Prerequisites:

• Project control and project finance skills.
• Must have a good understanding of the project drivers, milestones and performance impacts.
• Strong financial presentation and management skills.
• Ability to prioritize, delegate and follow through tasks with or without a team.
• Self-directed with proven ability to research complex issues, work independently, challenge staff and multi-task several projects efficiently.
• Strong interpersonal skills, capable of developing and sustaining effective peer, project, and organisation relationships.
• Strong communication skills to collaborate with other department/functional support areas.
• Proficient at supporting and balancing the financial needs of multiple contracts at once.
• Experienced at managing people and direct responsibility for objective setting, performance reviews and disciplinary actions.

Job Title: Accounts Payable Officer

Location: Lagos
Business Type: Upstream Oil & Gas
Department: Finance and Accounts
Reports To: Head, Accounts Payable

Job Purpose

• The Accounts Payable Officer will provide support to Head of Accounts Payable to deliver efficient accounts payable practice.

Key Roles and Responsibilities

• Support timely payment of corporate supplier invoices, employee claims, and related party transactions.
• Match vendor invoices with purchase orders and goods receipts Notes (or service tickets).
• Verify the accuracy of vendor invoices and confirm that the correct cost center and general ledger account codes are used.
• Receives and records all invoices and payment requests and log on to the database for tracking.
• Maintains copies of approved contracts for review against invoices.
• Ensures that remittances of all statutory taxes to the Federal Inland Revenue Service and Lagos State Board of Internal Revenue are completed and to time.
• Ensures that all AP/payment documents are systematically filed for ease of retrieval for at least 7 years.
• Manages ledger integrity by investigation of balances and supplier reconciliations.
• Preparation of weekly performance report on invoicing and payments.
• Regularly monitors the accounts payable aging reports to measure the effectiveness of early payment performance.
• Work with Treasury unit regarding the management of day-to-day liquidity.
• Support month end activities by raising all invoices and completing payment run in the ERP system.

Minimum Qualifications

• Bachelor’s degree in Finance, Accounting, or any finance related field.
• Professional accreditation (ACA, ACCA) will be an added advantage.

Work Experience:

• Minimum of 4 years post-graduation experience, preferably in the role of account payable officer.
• Upstream Oil and Gas experience is preferable.

Preferred Skills / Prerequisites:

• Must be able to deal with multi-currency transactions.
• knowledge in application of ERP Accounting Systems.
• General Applications: Microsoft Office packages
• Exposure to accounts and supplier reconciliations
• Knowledge of taxes applicable in Oil and Gas industry.

Job Title: Joint Venture Accountant

Location: Lagos
Business Type: Upstream Oil & Gas
Department: Finance and Accounts
Reports To: Finance Manager

Job Purpose

• The purpose of the role is to monitor, record, advise and report on all financial related transactions on the Assets that belong to parties of the joint venture.
• The successful candidate will be an active member of the Finance team and play an integral role in the overall success of the Accounting and Finance department. The Joint Venture Accountant will report to the Finance Manager.

Key Roles and Responsibilities

• Validation of JV project payments and entries into project accounts with the Contract Administrator, Cost Accountant and Accounts Payable Manager.
• Validation of JV Project inflows with Production Team and Treasury Operations.
• Preparation of JV financial performance reports on monthly, quarterly, and annual basis
• Monitor and ensure the efficiency and accuracy of internal reporting systems for the purpose of joint venture partner reporting.
• Lead the preparation, and presentation of SUBCOM, TECOM and OPCOM financial briefs in line with JOA.  
• Interaction with Project Managers and Technical Operations, for status updates on JV projects and ensure financial performance reports correctly reflect activities.
• Lead the monthly finance performance review meetings with JV partner representatives.
• Ensure proper filing and archiving of all JV reports for ease of retrieval.
• Coordinate the process of audit of the JV financial accounts when required by the JV partner.
• Coordinate and prepare Annual Work Program and Budget (WP&B) for the JV in line with JOA.
• Prepare reconciliation reports of joint venture partner balance sheet accounts.
• Provide supporting financial analysis/documents for WP&B and performance submissions.
• Tracking and reporting of updates on statutory requirements for JVs
• Implementation of internal and external auditors’ recommendations on JV administration and reporting.
• Coordinate, prepare, and submit monthly cash calls to the JV partner, and attend cash call meetings as scheduled.
• Assisting the  Finance Manager on other special assignments as may be required from time to time.

Minimum Qualifications

• B.Sc / HND in Accounting, Finance or any related field.
• Professional accreditation (ACA, ACCA) is an advantage.
• Master’s degree is desirable.

Work Experience:

• Minimum of 4-6 years of cognate experience in an upstream oil & gas accounting.
• Joint Venture Accounting, supervisory experience.
• collection and partner dispute resolution
• Working knowledge of Joint Venture agreements
• Ability to analyse AP issues and provide resolution to pertinent parties internally and externally.
• Experience with ERP systems.
• Solid understanding of full-cycle oilfield capital activities and production practices
• Ability to work in a fast-paced environment and meet tight deadlines.
• Ability to work independently and within a team environment.
• Excellent communication skills and a strong attention to detail.

Preferred Skills / Prerequisites:

• Excellent verbal and written communication skills at all levels
• Strong presentation skills
• Must be highly motivated and experienced in managing multiple matters.
• Advance knowledge in application of ERP Accounting Systems.
• General Applications: Microsoft Office package.

Job Title: Tax Accountant

Location: Lagos
Business Type: Upstream Oil & Gas
Department: Finance
Reports To: GM Finance

Job Purpose

• The Tax Accountant will be responsible for the management of all tax related transactions, contracts and activities in the organisation. In the upstream oil and gas, tax exposures could be significant, therefore the incumbent will advise on a full spectrum of tax services including compliance, contracts reviews and concessions.
• The individual must be up to date on current tax practices and changes in legislation and provide in-depth knowledge as relevant.

Key Roles and Responsibilities

• Responsibility for overall Tax planning to deliver efficiencies to the company.
• Take lead role in tax due diligence relating to all transactions.
• Petroleum Profits Tax and CITA computations and returns for all Nigerian entities using relevant legislations.
• Corporation tax computations and returns for all Nigerian entities together with liaison with corporate office on IFRS and other international tax inputs.
• Provide advice, computations and returns for all transaction taxes including VAT, Withholding WHT, Payroll, Levies and other taxes.
• Create and manage tax models and deferred tax computations for all operating entities.
• Provide advice on tax avoidance, minimize tax leakages and avoid tax exposures.
• Proactive management of regulatory bodies (FIRS) and other tax agencies on tax matters.
• Provision of tax guidance and structures to the Board, Finance, C&P and Business teams
• Tax updates to entities on amendments to tax laws/practices.
• Provide advice, computations and returns for royalties, NDDC, ETF and NCDMB (local content).
• Reconcile general ledger entries for tax implications; provide corrective and improvement measures accordingly.
• Ensure adherence of entities to tax laws at all times - compliance, timely filing and remittance of all taxes and levies (such as Expatriate PAYE, VAT, WHT, CIT and levies) within deadlines.
• Manage all tax and regulatory reviews, audits, and investigations on behalf of the company and attend all related meetings (if required).
• Provide comprehensive report on every tax audit exercise and give regular status updates on tax cases, remittances, levies, fees, payments to agents and consultants.
• Alignment of tax reporting to financial reporting.

Minimum Qualifications

• B.Sc / HND in Accounting, Finance or any related field.
• Professional accreditation (ACA, ACCA) and tax qualification.

Work Experience:

• Minimum of 15 years post-graduate experience; inclusive of at least 5 years upstream oil tax experience gained within an accounting firm.
• Preferable tax experience in an upstream oil company.
• Proficient in corporate, individual and petroleum profits taxation
• Previous experience supervising and training staff – on tax matters.
• Knowledge in application of tax rules generally.

Preferred Skills / Prerequisites:

• Excellent verbal and written communication skills
• Strong presentation skills
• Must be highly motivated and experienced in managing multiple matters.
• Advance knowledge in application of ERP Accounting Systems.
• General Applications: Microsoft Office packages.

How To Apply
Interested and qualified candidates should send their CV to: [email protected] using the "Job Title" as the subject of the email.

Application Deadline 15th April, 2021.