Management Accountant at Sahara Group Limited

Sahara Group nutures businesses in the energy sector. These companies operate essentially within the energy industry and its associated sub-sectors. The Group consists of individuals, who are determined to make a positive impact on the business environment.

We are recruiting to fill the below position:

Job Title: Management Accountant

Location: Ikoyi, Lagos
Job Type: Full Time

Purpose Statement

The role is responsible for all accounting and financial reporting and tax related matters of both operated and non-operated joint ventures (JV) in accordance to (but not be limited to) International Financial Reporting Standards (IFRS) and oil and gas upstream accounting standards.

Key Deliverables
Financial Reporting Duties:

Perform GL reconciliation/clean up and close payable and receivable module for all entities, run month–end accrual process and post into GL.
Prepare and submit monthly accounts, TB, and relevant schedules to Management & Group Finance
Prepare and submit monthly FINCOM performance reports
Prepare and submit monthly crude entitlement report to JV Partners
Prepare Budget vs. Actual costs on a monthly basis
Prepare annual Financial Statements for all the upstream companies
Provide Internal and External Auditors with all necessary information to facilitate prompt closure of audit.
Prepare intercompany matrix and reconcile all differences between related entities

Tax Remittance Duties:

Run monthly tax report, remit and file tax returns promptly
Review tax liabilities within agreed entitlement model with Crude Oil Marketing Department (COMD), NNPC.
Obtain Tax Receipts from all authorities and dispatch WHT receipts to vendors promptly.
Liaise with Company’s Tax Advisers to ensure appropriate computation of PPT estimate and returns and prompt filing with relevant Tax Authority
Promptly file PPT / CIT Returns for all entities
Attend to every enquiries/memo from tax authorities.

Other related activities:

Assist the Asset Manager with the Business Plan and performance monitoring
Reconcile all bank accounts operated on a monthly basis.
Other financial reports and analysis required by management.

Requirements
Minimum Qualification/ Experience:

Minimum of 5-7 years of cognate experience with an upstream Oil and Gas Company or reputable audit firm.
A chartered accountant (ACA/ACCA/CPA/CIMA) with Accounting, Audit & Financial Reporting (Major in Finance/Accounting) background.

Knowledge/Skills:

Financial Reporting with detailed knowledge of International Financial Reporting Standards (IFRS) and oil and gas upstream accounting
Oil and Gas Upstream Tax Laws
Good working knowledge of Oracle Accounting Systems and MS Office programs especially Excel and PowerPoint is required.

Personality Traits: