Alternative Funding, Assets and Stock Accounting Services Executive at Hobark International Limited (HIL)

Hobark International Limited (HIL) is the parent company of the Hobark group operating in the oil and gas industry. The company was incorporated in 1998, starting as a staffing agency based in Port Harcourt. Currently we have offices in 4 countries with our head office in Lagos.

We are recruiting to fill the vacant position below:

Job Title: Alternative Funding, Assets and Stock Accounting Services Executive

Req I D: Req-1135
Location: Port Harcourt, Rivers

Description

• Responsible for the analysis and reconciliation of JVs' stock general ledger accounts discrepancies and propose necessary adjustments. Including the preparation of periodic Fl - MM reconciliation.
• Responsible for the preparation of monthly and quarterly key performance indicators such as stock variation, inventory turnover, etc. Including the preparation of analyses for various inventory related activities for management reporting
• Supervise the interface between Materials Management (MM) and Finance (FI), including Stock count
• Responsible for proper accounting treatment and booking of scrap sales, inter venture sales and other stock issues.
• Interface with Stock Control for proper planning and implementation of the Rotational and Annual Inventory exercises.
• Ensures the creation of Asset Under Construction (AUC)
• Responsible for the creation of final assets by the transfer of AUCs to final assets.
• Ensuring the periodic reconciliation of Movable Assets in the Fixed Asset Register with the managing departments e.g. Logistics, Works & Maintenance etc including the preparation of periodic Fl - AA reconciliation.
• Organize periodic physical verification of movable assets in conjunction with user departments in order to reconcile physical assets with Fixed Assets Register and identify scrapped and damaged items for write offs.
• Ensure compliance of capitalization of movable assets with Movable Assets Capitalization policy.
• Ensure proper treatment of disposals and reclassification of assets in the books.
• Responsible for the periodic update and reconciliation of the Fixed Assets Register.
• Ensure compliance with relevant SOX control procedures and completion of all necessary SOX documentation with special emphasis on Completing SOX Procedure for DEV_02.
• Liaise with and provide information to Partners, statutory auditors, internal auditors and group auditors on issues relating to Asset & Stock Accounting.
• Accounting for Cash Calls / Draw-downs paid by and on behalf of Partners into the JV Accounts/Books and analyzing the related impact on the Treasury Report.
• Support and provide information for JV partners audits, NEITI, and other special investigations
• Preparation of periodic reconciliation of Partners' Arrears to bank GL balances to adequately explain the Partners' share of the bank balances.
• Propose the Partners' scheme of new ventures for subsequent implementation in the Accounting system.
• Analyze the impact of new ventures and their accounting treatments

Qualifications

• B.Sc/HND with professional qualification, minimum of 7 years Post-Graduation experience (with a minimum of 5 years Professional Accounting practice in an Oil and Gas Upstream company or a reputable audit firm).
• Good understanding of Oil and Gas Joint operating Agreements is required.
• Working knowledge of SAP will be an added advantage.

Primary Skills:

• Accounting, Business Management, Engineering, Finance, Oil & Gas, Operations

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online