Applications are invited from suitable and qualified candidates for the Position of Financial Reporting Accountant at Oando Plc.
About Oando Plc
Oando Plc is a Nigerian multinational energy company engaged in the exploration, production, and trading of oil and gas. Founded in 1956, the company has expanded its operations internationally, positioning itself as a major player in the energy sector. In 2023, Oando reported significant financial growth with a revenue increase of 71% to N3.4 trillion and a profit after tax of N74.7 billion, a substantial turnaround from the previous year’s loss. Oando is also diversifying into clean energy, aiming to become a fully integrated energy company, with shared values of Teamwork, Respect, Integrity, Passion and Professionalism (TRIPP).
Summary
- Company: Oando Plc
- Job Title: Accountant, Financial Reporting
- Job Type: Full Time
- Qualification: BA/BSc/HND
- Location: Lagos State, Nigeria
- Deadline: Not Specified
Job Title: Accountant, Financial Reporting
Job Summary
To manage day-to-day financial processes; preparing accurate records of the organization’s finance and accounting transactions with a view to ensuring consistent and accurate reports that always reflect a true and fair view of the organization’s financial position.
Specific Duties & Responsibilities
Financial Reporting and Control
- Post and review transactions and adjustments in the ERP (Enterprise Resource Planning) system to ensure compliance with reporting standards, as incorrect postings create audit issues.
- Assist the senior accountant with month-end and year-end closing processes to guarantee completeness, since delayed closings could impact timely reporting to executives and regulators.
- Assist the financial reporting team in the preparation of separate and consolidated financial statements in line with International Financial Reporting Standards (IFRS) and Companies and Allied Matters Act (CAMA) to ensure accuracy, because misstatements could attract penalties and damage investor trust.
- Preparation of statutory financial statements in line with IFRS for some subsidiaries designated as small companies.
Financial Analysis and Insights
- Assist the senior accountant in analysing monthly, quarterly, and annual results against budgets and forecasts to highlight deviations, as unreported variances can mislead executives and delay corrective action.
- Assist in providing analysis of divisional performance to support investment and resource allocation, as misallocation wastes capital and reduces shareholder value.
- Assist the senior accountant in developing and delivering timely reports to senior management with actionable insights, because poor visibility reduces the quality of executive decisions.
Regulatory Compliance and External Reporting
- Maintain up-to-date knowledge of IFRS and industry-specific accounting standards to guide compliance, since outdated practices risk invalid reporting.
- Participate in internal control testing and remediation (e.g., ICFR – Internal Controls over Financial Reporting) to strengthen governance, as weak controls could expose the company to fraud.
Stakeholder Management and Assurance
- Assist the senior accountant in liaising with internal and external auditors, ensuring timely data provision because delays or disputes can damage credibility.
- Assisting in providing financial information and analysis to support investor relations and external stakeholders, as incomplete disclosures erode investor confidence.
Key Performance Indicators
Financial Reporting and Control – KPI: Timeliness and Accuracy of Postings in ERPs
- Target: 100% of transactions posted in the ERP with ≤10 material adjustment upon review.
- Focus: Ensures stakeholders receive reliable financial information for timely and informed decision-making.
Financial Analysis and Insights – KPI: Accurate and detailed monthly, quarterly and annual results against budgets and set parameters
- Target: Ensure all financial reports are prepared with ≥90% accuracy and submitted within established deadlines.
- Focus: Improves financial reporting accuracy and enhances management’s confidence in forecasts and planning.
Regulatory Compliance and External Reporting – KPI: Compliance with Internal Controls
- Target: 100% compliance with internal controls with ≤5 deviations during internal control audit.
- Focus: Strengthens governance and adherence to internal controls over financial reporting.
Stakeholder Management and Assurance – KPI: Stakeholder Satisfaction with Financial Reporting Services
- Target: ≥70% positive feedback rating from auditors during reviews and technical sessions.
- Focus: Builds trust, reinforces transparency, and ensures collaborative alignment with both internal and external auditors.
See Also:
Qualification & Experience Required for the Position of Financial Reporting Accountant at Oando Plc
Minimum Qualification:
- Bachelor’s degree in Accounting, Finance, Economics, or a related field.
- Good working knowledge of International Financial Reporting Standards (IFRS).
- Good working knowledge of Enterprise Resource Planning (ERP) systems such as SAP, Oracle, Hyperion, or FCCS.
- Good computer skills in Microsoft Excel, Word and PowerPoint.
Required Professional Certifications / Accreditations / Registrations:
- At least a student member of a recognised professional accounting body such as ACA (Associate Chartered Accountant), ACCA (Association of Chartered Certified Accountants), or CPA (Certified Public Accountant).
Minimum Years of Experience and Relevant Areas:
- Minimum of 3-4 years relevant experience in finance or accounting.
- Working knowledge of the oil and gas industry is an advantage.
Experience in:
- Preparing statutory financial statements in line with IFRS.
- Financial analysis and reporting
- Using ERP systems to support financial reporting and compliance.
Behavioral and Technical Competencies Required
Behavioral Competencies
- Attention to Detail
- Analytical Thinking
- Integrity and Ethics
- Communication and Influence
- Stakeholder Engagement
- Resilience and Adaptability
- Collaboration and Teamwork
Technical Competencies
- Data Analysis and Reporting
- International Financial Reporting Standards (IFRS) Knowledge
- Statutory Accounts Preparation for subsidiaries
- Internal Controls and Compliance
- Enterprise Resource Planning (ERP) Systems Proficiency
- Business Process Improvement
- Audit and Assurance Management
Deadline
Not Specified
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