Sahara upstream covers different assets that are owned by different entities bur centrally managed but accounted for separately.
Sahara upstream operations are relatively new within the highly technical upstream industry of the Oil and Gas sector. The budgets and network is huge and on a technically operational level, thus it requires not just the knowledge of the how it is done, but also the knowledge of how to implement ‘it’.
Being a new outfit, the importance of building and developing new and beneficial relationships at this stage of operation is important to the growth of the business whilst alongside the acquisition of a competent and technically skilled talent pool for its operations.
Job Title Financial Controller-SEFL
Operating Company Sahara Energy Field Limited
Job Location Lagos State
Publish Date 9/24/2012
Expiry Date 10/6/2012
The Primary purpose of this job function is:
• Correct documentation of business transactions in the financial records.
• Production of accurate and timely internal and external financial reports and
• Provision of financial analysis support for the entire business.
Transaction management: this includes;
General Accounting which involves;
Payments and Accounts Payable,
Periodic closing of the books
Ensuring accuracy of Financial Accounting and Reporting.
Bank Accounting and reconciliations,
Managing Inter-Company charges and reconciliations,
Billing and Accounts receivables,
Upstream Accounting: Natural Gas Liquids Accounting handles accounting for inventory and movements, reconciliation of balance sheet accounts, billing and accounts receivable, price verification and invoice payment, exchange accounting.
Business Support: this involves;
Maintaining Fixed Assets records, balances and dispositions,
Provision of advice and interpretation on various accounting, issues to ensure appropriate compliance with International Financial Reporting Standards (IFRS), Nigerian GAAP and the Sahara Group policies.
Capital investment and funding.
Providing guidance on technical accounting matters inherent in contracts and other arrangements, such as financial instruments, purchase obligations and finance/operating leases in order to ensure appropriate accounting treatment is applied.
System support for the current accounting application and ownership of planned ERP implementation.
Provide training to Accounting and Finance staff required.
Relationship with Group Finance on technical Accounting, Tax, Treasury, Strategy and Portfolio matters.
Participate in accounting discussions on complex investment/financing and other transactions.
Business Risk: This includes;
Management of relationship with External Auditors and effective coordination of the entire audit process,
Execution of SOX Controls.
Coordinate all other audits and statutory reviews by relevant stakeholders such as, NNPC, NEITI, FIRS, State Tax authorities, ITF, etc
Periodic review and evaluation of Company’s internal controls, processes and policies to ensure that they are adequate and effective.
Working with other departments to ensure that existing processes, or proposed changes, are well controlled, operating efficiently and effectively, and identifying improvement opportunities.
Plan and conduct operational audits of various field and administrative operations, functions, and processes.
Perform special projects and fraud investigations.
Identify improvement opportunities as a result of the assigned work and monitor the progress.
Taxation and Tax Administration: This includes the following;
Management of all tax regulatory relationships
Resolution of tax controversies promptly and mitigating the associated financial and reputational risks.
Research and development of suitable tax plans and strategy
Management of all agreed tax plans to achieve desired results
Processing of all taxes promptly and correctly
How to Apply
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