Finance Manager at Vagan Oil & Gas Limited

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
1 year ago

Additional Details

Job ID
99005
Job Views
90

Job Description



Responsibilities



  • Develop and maintain financial models for project budgeting and forecasting.

  • Monitor project financial performance against budgets and forecasts.

  • Provide financial analysis and insights to support decision-making.

  • Prepare and manage annual budgets and financial plans.

  • Generate accurate and timely financial reports, including variance analysis.

  • Oversee day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger.

  • Ensure compliance with accounting standards, regulations, and internal policies.

  • Implement effective cash management strategies and optimize working capital.

  • Collaborate with project managers to track project expenses and revenues.

  • Ensure accurate allocation of costs to projects and timely invoicing of clients.

  • Provide financial support and guidance for project proposals and contracts.

  • Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.

  • Ensure the team adheres to best practices and maintains high standards of financial integrity.

  • Relating with Project and personnel managers to obtain Contracts and PO documents and interpreting the financial implications to actualise the financial objectives of the company.

  • Oversee and coordinate daily accounting and financial task of the finance department.

  • Interface with bank officials, external auditors and government agencies regarding financing, tax and other financial regulatory requirements as the case maybe.

  • Classifying the project and personnel contracts and POs into their revenue and cost centres-(not budgeting) – educating accounts personnel on recording and classification transactions into different line items

  • Track transactions, recognise and report operating and capital expenditures according to up to date accounting standards on weekly, monthly and annual basis to the management for informed decision making.

  • The reporting may take the form of:

    • Ad hoc financial report.

    • Biweekly /Monthly income and expenditure report.

    • Statement of Income & Expenditure.

    • Statement of Financial Position.

    • Cash flow Statement.




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