Senior Accounts Officer

Fosad Consulting Ltd
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Job Description

Fosad Consulting Ltd is a business support services firm with offerings in Human Resource Management, Immigrations and Real Estate Consulting. We leverage our expertise and strategic alliances to support businesses. Our proposition is based on a deep understanding of the drivers of high performing businesses and the required business solutions that supports it. We work with clients to support their non-core business tasks to strategically position them for business success.

Job Title: Senior Accounts Officer

Company Description

Our client is a major player in the upstream, and downstream segments of the petroleum sector. With a quality portfolio of oil and gas assets in Nigeria, our capabilities extend through upstream (exploration & production and drilling), downstream, trading of oil product, sub-surface engineering and data appraisal for geophysics and petroleum projects.

ROLE DESCRIPTION: Responsible for processing, recording, updating and reconciling fiscal information in compliance with established policies; providing instructions, recommendations and/or accounting support to other personnel; and analyzing expenditures against budget.


  • Distribute all approved LPOs and Work orders to the various Vendors.

  • Receive all invoices for jobs completed by Vendors.

  • Ensure approval and sign off by the respective Supervisors.

  • Distribute all cheques received from the CEO to the various respective vendors.

  • Keep a record of all cheque received and disbursed to vendors.

  • Maintain a cash book and render weekly returns to the CFO.

  • Summarize all cash requests as approved by the MD, CFO and the CEO

  • Collate all retirements from staff and officers for all cash advances and reconcile

  • Ensure all monies are correctly banked and posted onto the Sage system.

  • Establish and maintain cash control systems

  • Monitor and pay staff expenses

  • Attend regular operational meetings and supply information on vendors balances, payments made on jobs and outstanding upon demand.

  • Keep adequate records of creditors at all times for management information.

  • Perform fund transfer via banks, daily payment schedule and posting of new receipts.

  • Monitor overdrawn balances or large and bring unusual transactions to CFO’s attention.

  • Raise direct debits and gift aid payments, as required by the management.

  • Contribute to the planning for the year-end accounts process and annual audits.

  • Contribute to the yearend file, including all working papers and back up documentation for the accounts.

  • Control the profit and loss account ensuring creditors and debtors are correctly attended to.

  • Establish and maintain supplier accounts and pay suppliers whilst prioritising payments in consultation with the Accountant and CFO if cash flow is limited.

  • Post sales and purchase invoices to ledgers.

  • Post journal entries to SAGE

Job Requirements
Minimum years of experience


Other Requirements


  • Degree in Accounting, Finance or a related course

  • IFRS Certification required

  • ICAN/ACCA Membership required

  • 6+ years of progressively increasing responsibilities.


  • Heavy SEC reporting in background with strong technical accounting experience

  • Strong upstream, Exploration and Production accounting knowledge

  • Public accounting experience highly preferred

  • Experience working in fast paced, dynamic environments that have required adaptability and flexibility to be successful

  • Strong interpersonal and communication skills; experience in effectively communicating key data, including presentations to board, investor groups or other outside partners

  • Ability to act and operate independently with minimal daily direction from supervisor to accomplish objectives.

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Job Summary
August 11, 2016
Offer Type
Minimum of 6years
Salary Range
N0.00 - N0.00K
November 30, 1899
Finance / Accounting
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