Accounting Officer - Relaunched (Local) at Onstream Group

Onstream Group - With over 35 years of international experience within the Oil & Gas Industry and Industrial markets, The Onstream Group has strategically aligned itself with its business partners & affiliates to provide cost-effective and operational efficient solutions. 

We are recruiting to fill the position below:

Job Position: Accounting Officer - Relaunched (Local)
Job Location: Lagos

Job Descriptions

• The job involves the monitoring and reconciliation of major General Ledger (GL) accounts in the different Joint Venture (JV) entities under various contractual agreements. It requires:
  • Knowledge of financing structures requiring unique Accounting interpretations and implementations;
  • Knowledge of a wide range of Accounting and regulatory standards;
  • Interface within and outside the division and Company - Cost Control, General Accounting, Commercial, Treasury, Budget & reporting, Corporate Accounting, Stock Control, Partners, External Auditors (Local & Group) and Government agencies (NNPC, NAPIMS, DPR, NIMASA).

Accountabilities
The Accounting Officer shall:

• Analyse various General Ledger accounts and investigate issues arising there from with special emphasis on the Working Capital accounts;
• Reconcile Partners’ current account balances with Cash calls, Billing statements and the General ledger;
• Account for Cash Calls / Draw-downs paid by and on behalf of Partners into the JV Accounts;
• Analyse and reconcile inter venture payables and receivables;
• Review the cutback process from a Cost Trial Balance (CTB) and General Trial Balance (GTB) perspective to determine accuracy and completeness of Partners’ share in line with contractual agreements, and investigate of issues arising there from;
• Analyse and reconcile consumable stock balances between FI/CO and MM modules of SAP;
• Compute and post Service fee and Parent Company Overhead in line with contractual obligations and agreements;
• Prepare Accounting analysis in support of Partners, Group, NNPC, Tax, External & Internal audits and other special investigations and ad hoc audits;
• Monitor and follow closure processes and provide relevant inputs as may be required;
• Prepare monthly returns for Withholding Tax (WHT), Value added Tax (VAT), Nigerian Content development (NCD) levy and Cabotage deductions;
• Provide support to other entities that interface with the Accounting department;
• Carry out any other ad hoc duties as delegated.

Job Requirements

• The Accounting Officer shall possess a Bachelor’s degree with a minimum of second class upper division in either Accounting, Finance, Business related discipline, Computer Science, Engineering or any numeric discipline. Completion of NYSC is mandatory.  

Other requirements include:  

• Very good organizational ability with effective communication skills;
• Aptitude for specialized accounting software (SAP) and other Windows office applications;
• Good organisational, interpersonal, writing and analytical skills.