Financial Reporting Accountant / Accounts Payable Lead at Oilserv Limited

Oilserv Limited is a leading provider of integrated engineering, procurement, construction, installation & commissioning (EPCIC) services and complementary solutions across the asset and program life cycle within the onshore, offshore and subsea market segments of the oil and gas sector. Oilserv Limited was incorporated in 1992 and commenced operations in 1995.

We are recruiting to fill the position below:

Job Title: Financial Reporting Accountant / Accounts Payable Lead

Location: Rivers
Employment Type: Full-time

Job Summary

• Accurate and timely preparation, analysis, and presentation of financial information to internal and external stakeholders. 
• Ensure that financial reports adhere to Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) and meet the reporting requirements of regulatory bodies and management.
• Ensure that the organization's financial strategy is sound enough to enable the organization make informed financial decisions and achieve its objectives.

Job Details
Leadership:

• Supervise the accounting staff.
• Build and lead a motivated & performing finance team, providing guidance and mentoring to staff members.
• Foster a culture of collaboration, accountability, and continuous improvement within the department.

Core/Technical:

• Manages the period-end closure process and prepare management report.
• Manages the Park & Post-procedure on SAP for Accounts Payables, Accounts Receivables, General Journals, and Bank Entries.
• Manages the Accruals checklist to ensure all costs are captured and posted at month-end closure.
• Manages the down payment ledger and ensures closure by getting the invoices and retirements posted accordingly.
• Performs a variety of accounting tasks including but not limited to preparing journal entries, reconciling income statement & balance sheet accounts, and processing and reconciling interfacing sub-systems to the general ledger.
• Manages Suppliers & customer creation & changes on the Master Data platform on SAP.
• Actively involved in the development of the corporate budget for the company and ensuring the planning process supports the business objectives and support the FC on the annual budget process and review/collate the group wide budget for upload on SAP.
• Monitors and tracks implementation of the approved budgets and generates monthly performance reports.
• Ensures that all reporting follows internal procedures and regulations and meets IFRS reporting regulations and guidelines.
• Manages the Period opening & Closing on SAP.
• Manages the statutory remittances (CIT, VAT, WHT, NSITF, PAYE, ITF, etc) and ensures compliance with timelines.
• Scrub the GL, prepares relevant income statement & statement of financial position schedules and PBC while providing active support to the FC during annual statutory audits of the company.
• Analyze financial data to identify trends, anomalies, and opportunities for improvement. Provide insights and recommendations based on analysis.

Quality, Health, Safety & Environment:

• Comply with Occupational Health, Safety, Quality and Environmental Policies, processes, procedures and applicable laws/legal requirements across Oilserv business.
• Take responsibility for ensuring a healthy & safe working environment and those of stake holders across Oilserv business.

Requirements

• Bachelor’s Degree in Accounting
• Professional certification in Accounting ACA
• Professional certification in Management AMNIM
• Minimum of 10 years in Finance & Accounting, with at least 5 years in a senior leadership role.
• Proficiency in Enterprise SAP FICO systems (ERP).

Application Closing Date
20th March, 2025.

How to Apply
Interested and qualified candidates should:
Click here to apply online