Finance Manager at KOA Oil & Gas

KOA Oil & Gas is recruiting suitably qualified candidates to fill the position below:

Job Title: Finance Manager

Location: Lagos
Employment Type: Full-time

Responsibilities

• Ensure accurate and timely financial records are maintained in accordance with accounting standards and company policies.
• Oversee the preparation and submission of statutory financial statements and tax filings.
• Checking, Coordinating, Recording, Computing, and reporting all procedures relating to cheque payments to all suppliers after approval by signatories.
• Reconciling all bank accounts with system generated statement using available accounting software.
• Verification and journalizing of all bank charges e.g. COT, INT, VAT, WHT.
• Payment of staff salaries, wages and claims as submitted from HR Department and approved by the managing director.
• Preparation of management financial reports and account reports required for Board of Directors meeting.
• Posting of all sales invoice individually into the system for all cost centers (i.e both Naira and Dollar Transaction).
• Monthly schedule and payment of statutory dues: PAYE, Pension, etc.
• Ensure the quantity level of purchased materials and components conform to specifications of the LPO issued and approved by Managing Director
• Manage cash flow, including forecasting and working capital management.
• Perform regular financial reconciliations between the subsidiary and other entities within the group.
• Collaborate with finance teams across other subsidiaries to resolve discrepancies and ensure financial alignment.
• Coordinate intercompany transactions, including invoicing and cost allocations
• Journalizing all expenses: ticket after reconciling with advances; Horatio debit notes, Hotel and Accommodation expenses, etc for all cost centres.
• Liaise with external auditors and ensure timely completion of audits.
• Maintain compliance with local laws, regulations, and internal financial policies.
• Ensure internal controls are in place and operating effectively.
• Lead, mentor, and develop the finance team.
• Ensure staff are equipped with the necessary skills and training to meet financial objectives.
• Computation and filling of monthly VAT returns for the company
• Foster a culture of continuous improvement and professional growth.
• Provide financial insights to the subsidiary's leadership team to support decision-making.
• Assist in the evaluation of new projects, investments, and business opportunities.
• Any assigned duty by management towards effective and lawful discharge of duties and responsibilities.

Qualifications and Experience

• Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree or professional certification such as ICAN/ACCA is a plus).

Required Skills:

• Strong knowledge of accounting principles, financial analysis, and budgeting.
• Experience with financial reconciliation between subsidiaries or intercompany transactions.
• Excellent leadership and communication skills.
• Proficiency in financial management software and Microsoft Office Suite.
• Strong attention to detail and problem-solving abilities.
• Strong organizational and multitasking abilities.

Application Closing Date
25th October, 2024.

Interested and qualified candidates should send their Resume to: [email protected] using the Job Title as the subject of the email.