• Application Deadline: Tue, 8 Mar 2022 00:00:00 GMT
• Position: Finance Officer


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 5 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Location: Lagos Island, Lagos

Job Type: Contract

Job Shift: Day

Duration: 2 weeks

Job Status: Sourcing

Career Level: Experienced (Non-Manager)

Job Description

• Recovery of direct and indirect costs in line with agreed basis.


• Responsible for all third-party invoicing as well as sharing of revenue from third party invoicing.


• Carryout reconciliation/analysis of all receivable accounts in the general ledger.


• Monitor customer accounts and escalate payment issues like failed payment commitment.


• Process accounts and incoming payments in compliance with financial policies and procedures.


• Treatment of affiliate development loans and associated interest on cash calls and billing statements.


• Develop proposal for specific written–off bad debts and make provisions for doubtful debts.


• Responsible for revenue collection drive and follow-up.


• Generate financial statements and reports detailing accounts receivable status.


• Reconcile the accounts receivable ledger to ensure that all payments are accountedfor and properly posted.


• Monitor and resolve invoices with issues that might cause delays in receiving payment.


• Prepare cash calls and issue cash calls to partners


• Follow up with partner queries on cash calls and ensure cash calls are received on due date


• Prepare bank reconciliations and monthly balance sheet reconciliations.


• Manage relationship with JV customers.


• Maintain accounts receivable account balances and actively work outstanding balances.


• Book monthly revenue related accruals when needed.


• Assist in monthly analysis and explaining variances.


• Assist with process improvements ideas/implementations on bookings, accounts receivable, accruals and other daily/monthly functions.


• Oversee vendor accounting activities and reconciliation of the Company’s payment records to ensure that pay-outs are accurate and time.

Requirements

• B.Sc in Finance or Accounting


• Minimum experience of 5 years


• Minimum of 5 years of relevant experience in upstream oil and gas business, and in-depth knowledge of accounting principles.


• Professional Qualification ACA, ACIT, ACCA will be an added advantage


• A Master's degree in Business Administration or Finance will be an advantage.


• Between 25 - 45 years.