The Accountant (Payables & Receivables) is responsible for managing the company's financial transactions related to suppliers, contractors, clients, and partners.
This role ensures accurate recording, timely payments, efficient collections, and compliance with both local and international accounting standards.
Key Responsibilities
Account Payable:
Process vendor invoices, verify accuracy, and ensure timely payments.
Reconcile supplier statements and resolve discrepancies.
Monitor outstanding liabilities and maintain vendor relationships.
Account Receivable:
Generate and issue client invoices for petroleum products, consultancy, and service contracts.
Track collections, follow up on overdue accounts, and manage credit control.
Maintain accurate records of customer accounts and receipts.
Financial Reporting:
Prepare monthly, quarterly, and annual reports on payables and receivables.
Support management with cash flow forecasts and working capital analysis.
Assist in audits and ensure compliance with IFRS and Nigerian tax regulations.
Compliance & Controls:
Ensure adherence to company policies, statutory requirements, and industry standards.
Implement internal controls to prevent fraud and financial mismanagement.
Liaise with external auditors, tax authorities, and regulatory agencies.
Cross-Functional Support:
Collaborate with operations teams in waste management, haulage, and marine services to align financial records with service delivery.
Provide financial insights to support project costing, budgeting, and profitability analysis.
Key Requirements
Degree in Accounting, Finance, or related field (Master's degree preferred).
5 - 7 years experience in accounting, with at least 3 years in oil & gas or related industries.
Professional certification (ACA, ACCA,) required.
Strong knowledge of IFRS, Nigerian tax laws, and petroleum industry regulations.
Experience in with ERP/accounting systems (SAP, Oracle, or similar).
Excellent analytical, communication, and leadership abilities
Skills & Competencies:
Ability to interpret complex financial data.
Precision in preparing reports and ensuring compliance.
Clear reporting to both technical and non-technical stakeholders.
Ability to identify financial risks and propose solutions.
Work effectively with finance, operations, and compliance teams.