Applications are invited from suitable and qualified candidates for the Position of Senior 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: Senior Accountant, Financial Reporting
- Job Type: Full Time
- Qualification: BA/BSc/HND/MSC
- Location: Lagos State, Nigeria
- Supervises: Financial Reporting Accountants
- Deadline: Not Specified
Job Title: Senior Accountant, Financial Reporting
Job Summary
To assist the manager in preparing and consolidating the group and separate financial statements for executives and regulators, in order to ensure accuracy, completeness, and consistency in financial reporting. Perform detailed reconciliations, variance analyses, review of subsidiary submissions; and provide guidance and technical review support to financial reporting accountants to maintain reporting quality and audit readiness.
Specific Duties & Responsibilities
Financial Reporting and Control
- In charge of monitoring month-end and year-end closing processes to guarantee completeness, since delayed closings could impact timely reporting to executives and regulators.
- Ast as a 1st level reviewer and approval of transactions and adjustments in the ERP (Enterprise Resource Planning) system to ensure compliance with reporting standards, as incorrect postings create audit issues.
- Assist the manager in the preparation and consolidation of group 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 and completion of disclosure checklists.
- Assist the organization in strengthening internal controls across reporting cycles to prevent misstatements or fraud, because weak controls expose the company to financial and reputational risks.
- Provide support to the finance team on treatment of complex transactions.
- Ensure the integrity of all general ledger (GL) balances and reconciliation of all transactions.
- Ensure the validity of all supplier/partner invoices before authorization for payment.
Financial Analysis and Insights
- Analyze monthly, quarterly and annual results against budgets and forecasts to highlight deviations, as unreported variances can mislead executives and delay corrective action.
- Update dashboards developed to monitor key financial KPIs (Key Performance Indicators) for decision-making, because without data-driven insights, leadership cannot respond proactively.
- Assist in benchmarking group performance against industry peers to identify gaps and opportunities, since failure to compare may leave the company uncompetitive.
- Assist in providing analysis of divisional profitability to support investment and resource allocation, as misallocation wastes capital and reduces shareholder value.
Regulatory Compliance and External Reporting
- Assist in ensuring timely submission of all statutory filings (e.g., SEC, FRC, JSE) to avoid penalties, because non-compliance could lead to fines or even suspension of operations.
- Maintain up-to-date knowledge of IFRS and industry-specific accounting standards to guide compliance, since outdated practices risk invalid reporting.
- Coordinate with tax teams to ensure accurate VAT (Value Added Tax), WHT (Withholding Tax), and PPT (Petroleum Profit Tax) filings, because errors could result in significant financial liabilities.
- 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
- Liaise with internal and external auditors, ensuring timely data provision and resolution of audit findings, because delays or disputes can damage credibility.
- Provide financial information and analysis to support investor relations and external stakeholders, as incomplete disclosures erode investor confidence.
- Provide support and assistance on tax audits.
People Development
- Act as a 1st level reviewer for all financial reporting accountants’ outputs.
- Coach and develop finance team members through training to strengthen technical capacity, because without capable staff, reporting quality will decline and errors will increase.
- Communicate clear goals to financial reporting accountants linked to group reporting priorities, ensuring alignment, since lack of clarity will reduce efficiency and accountability
Key Performance Indicators
Financial Reporting and Control – KPI: Timeliness and Accuracy of Financial Reports
- Target: 100% of monthly, quarterly, and annual consolidated financial statements delivered on or before deadlines with ≤20 material audit adjustment per cycle.
- Focus: Ensures executives, regulators, and stakeholders receive reliable financial information for timely and informed decision-making.
Financial Analysis and Insights – KPI: Resolution of Audit and Variance Issues
- Target: ≥85% of audit findings resolved within agreed timelines.
- Focus: Strengthens internal control, improves financial accuracy, and enhances management’s confidence in forecasts and planning
Regulatory Compliance and External Reporting – KPI: Compliance with Statutory Filings
- Target: 100% of regulatory filings (e.g., SEC – Securities and Exchange Commission, FRC – Financial Reporting Council, JSE – Johannesburg Stock Exchange) submitted within statutory deadlines.
- Focus: Prevents penalties, protects the company’s operating license, and safeguards the company’s reputation with regulators.
Stakeholder Management and Assurance – KPI: Stakeholder Satisfaction with Financial Reporting Services
- Target: ≥80% positive feedback rating from auditors, regulators, and internal executives during reviews and technical sessions.
- Focus: Builds trust, reinforces transparency, and ensures collaborative alignment with both internal and external stakeholders
People Development – KPI: Team Performance and Development
- Target: ≥85% of team members achieving individual KPIs and completing annual development plans.
- Focus: Builds capability, strengthens succession planning, and ensures continuity in delivering accurate and timely financial reports.
See Also:
Required Qualification & Experience for the Position of Senior Financial Reporting Accountant at Oando Plc
Minimum Qualification:
- Bachelor’s degree in Accounting, Finance, Economics, or a related field.
- Strong knowledge of International Financial Reporting Standards (IFRS).
- Experience using Enterprise Resource Planning (ERP) systems such as SAP, Oracle, Hyperion, or FCCS.
- Proficient in Microsoft Excel, Word and PowerPoint.
Required Professional Certifications / Accreditations / Registrations:
- Membership of a recognized 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 7 years relevant experience in finance or accounting, including at least 2 years in a supervisory role.
- Exposure to the oil and gas industry is an advantage.
- Prior work experience in a Big Four audit and accounting firm will be an added advantage.
Experience in:
- Preparation and consolidation of financial statements in line with IFRS.
- Financial analysis, reporting, and internal control reviews.
- Budgeting, cost management, and variance analysis.
- Involved in internal and external audits and resolving audit findings.
- Using ERP systems to support financial reporting and compliance.
- Supervising finance teams to deliver reporting excellence.
Any Additional Qualifications / Certifications or Experience (Desirable but not essential):
- Additional certifications in financial reporting standards, audit, or oil and gas financial management.
Behavioral and Technical Competencies Required
Behavioral Competencies
- People Development
- Attention to Detail
- Analytical Thinking
- Integrity and Ethics
- Communication and Influence
- Stakeholder Engagement
- Resilience and Adaptability
- Collaboration and Teamwork
Technical Competencies
- Financial Statement Consolidation
- Data Analysis and Reporting
- International Financial Reporting Standards (IFRS) Knowledge
- Statutory Accounts Preparation
- Internal Controls and Compliance
- Enterprise Resource Planning (ERP) Systems Proficiency
- Business Process Improvement
- Audit and Assurance Management
Deadline
Not Specified
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