Senior Contracting Accountant
DAMAGIX NIGERIA LTD - (Oil and Gas Service Company) 19b
Total years of experience :26 years, 9 Months
KEY ACCOUNTABILITIES & RESPONSIBILITIES:
Finance Administration
• Ensure all taxation and legislative requirements are complied as at when due.
• Conduct timely balance sheet reconciliation for review by MD and Executive Management.
• Oversee the preparation and management of the capital and operating planning requirements of the company to ensure effective performance, treasury and financial management.
• Analyze business performance/results & provide feedback to Executive Management for decision making purposes.
• In conjunction with the MD, source and identify suitable financial services providers for the company.
• Maintain integrity of the company’s accounting system, ensuring it remains effective and operational at all times.
• Manage expenditure in-line with budget approvals.
• Participates in preparation of regulations aimed at improving the financial and accounting management of the company.
• Management of funds disbursement from HQ & all branches.
Budgeting/ Forecasting, Cash-Flow Mgt and Financial Reporting
• Oversee the preparation & presentation of all financial and statutory reports for the company.
• Drive and administer the planning, budgeting (operating and capital expenditure budgets) and forecasting activities to enable timely & well-guided decision making.
• In conjunction with the MD, ensure that business cash flow adequately supports company work activities and produces optimal results.
• Collate all relevant information to produce end of year statutory accounts for the company.
• Ensure that end of year statutory accounts report is finalized by specified date and presented for review.
• Review and produce company’s profit and loss reports.
Regulatory and Statutory Compliance
• Develop, champion and implement procedures, policies and internal controls to ensure efficient business processes to support the attainment of the company’s business objectives
• On an annual basis, reconcile company tax, payroll tax & workers compensation against general ledger for review by Management.
• Collect and collate all necessary documentation in readiness and preparation of company tax returns; perform specified elements of company tax return for review by external accountants.
KEY PERFORMANCE AREAS:
Financial
• Prompt and adequate financial reporting
• ROI Index
• Timely preparation of budgets.
• Company profitability
• Maintenance of acceptable working capital ratios
Internal Process
• Nil penalties for non-compliance with statutory obligations
• Account payable and receivable process optimization.
Learning & Growth
• Organizational financial growth.
Participate in key decisions pertaining to strategic initiatives, operating model and operational execution.
Oversee the accounting department to ensure proper maintenance of all accounting systems and function; supervise company nonprofit’s finance staff.
Ensure maintenance of appropriate internal controls and financial procedures.
Ensure timeliness, accuracy, and usefulness of financial and management reporting
Complete analysis of financial results; Develop recommendations (strategic and tactical).
Coordinate audits and proper filing of tax returns.
Ensure legal and regulatory compliance regarding all financial functions.
Review all month-end closing activities including general ledger maintenance, balance sheet reconciliations and corporate/overhead cost allocation
Serve as final point of escalation for Accounts Receivable/Accounts Payable issues
Serve as a key point of contact for external auditors; Manage preparation and support of all external audits.
Prepare various analyses and reports required by the board and management team
Oversee financing strategies and activities, as well as banking relationships
Quarterly Loan Performance Review on Risk Assets within the Branch.
Supervision of weekly management performance report for the branch being prepared by subordinates
Providing Financial Advisory Services to our branch Customers, where need be.
Review of individual budget as against their actual performance for the period to determine Run rate, and recommend useful decision to the branch management for way forward.
Partake in the preparation of annual work plans and budgets for the branch.
Budget analysis, as against actual on monthly basis with other colleagues in the branch.
Quarterly Loan Performance Review on Risk Assets.
Prospecting and establishing new banking relationship
Preparation and updating of the branch investment portfolio
Preparation of Management performance report for some units of the Bank
Asst. head of Savings team bank wide to NYSC orientation camps.
ACCOUNT DEPARTMENT
Reconciliation of Suppliers Statement with the General Ledger.
Preparations of Fixed asset schedule consisting depreciation provisions and also maintain asset disposal accounts.
INTERNAL AUDIT DEPARTMENT
Carry out routine audit review as may be directed by the CFO, in order to give Management assurance that transactions are carried out in conformity with the laid down company policy.
Co-ordinate, Preparation of Monthly Management Report
Preparation of Daily Treasury Position
Cross-Checking and Reviewing of Positions Generated by the Computer
Reconciliation of Fixed Asset Register to Fixed Asset Ledger
Reconciliation of Physical Quantities Per Stock Count to the General Ledger
Preparation of Bank Reconciliation Statements for Bank Accounts Monthly
Analysis of Trade Receivables, Age Listing, Schedule of Provision for Bad and Doubtful Debts
Supervise and Monitor Compliance with Management Policies
Writing of report on deficiencies inherent in the Control System.
Review of Internal Control and Accounting Systems.
Monitor assets movements and maintain fixed asset Inventory.
Compliance with laid down rules/policies.
Carryout specific investigations.
PRE-QUALIFICATION EXPERIENCE
audit clerk in training
audit trainee
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