adminFIRST Exploration & Petroleum Development Company Limited (FIRST E&P) is a Nigerian oil and gas company that was established in 2011. It started formal business operations on the 1st of July, 2012. FIRST E&P is a deeply technical, commercial, and entrepreneurial organization, with full delivery capability across the entire upstream oil and gas value chain.
We are hiring for:
Job Title: Accounts Payable Officer.
Location: Lagos.
Job Schedule: Full-Time.
Description
- The Accounts Payable Officer will provide support to the Accounts Payable Supervisor to deliver efficient accounts payable practice.
- The Accounts Payable Officer ensures that all FIRST E&P payments to employees and third parties comply with the company’s internal control framework and regulatory requirements.
- Ensure timely payment of project related and corporate supplier invoices, employee claims, and related party transactions.
- Prepare monthly Accounts Payable related journals to accurately report financial information in compliance with the company’s accounting policies and procedures.
- Support bank reconciliations, raise/post reconciliation journals and provide support as needed.
- Work with the AP supervisor to ensure all creditor balances and related creditor accounts (taxes, auto accruals, other creditors) are reconciled for appropriateness and accuracy. Prepare accompanying balance sheet notes with explanations, provided quarterly.
- Manage month-end activities by ensuring all invoices are raised and payment runs completed in the ERP system, correction journals are correctly raised and posted.
- Review/verify the accuracy of vendor invoices and confirm that the correct cost center and general ledger account codes are used. Match vendor invoices with purchase orders and goods receipts Notes (or service tickets) before payment is made.
- Review and provide quarterly updates and reconciliation of payables to the JV accountant for working capital reporting to NAPIMS.
- Ensures that monthly tax schedules for VAT and WHT remittances to the Federal Inland Revenue Service, Lagos State Board of Internal Revenue, and other relevant regulatory bodies are completed on time.
- Ensure that all other statutory taxes like NCD, Cabotage, Royalties, PPT, Gas Flare Penalty, and other deductions are remitted on time.
- Prepare payable aging weekly report to Treasury leads to aid cash planning and reporting to management.
- Coordinate proper maintenance, filing, and storage of records for use during audits.
- Provide support to the Management accountant before and during all tax and financial audits.
- Provide support to the JV accountant on documentation required for NUIMS quarterly performance reviews.
- Work with the payable supervisor to prepare a half-yearly report to NCDMB.
- Manage and ensure prompt responses to queries and issues raised by vendors.
- Performs other related duties as assigned.
Requirements
- Bachelor’s Degree in Finance, Accounting, or any finance-related field.
- Professional accreditation (ACA, ACCA) will be an added advantage.
- Minimum of 4 years post-graduation experience, preferably in the role of account payable.
- Excellent verbal and written communication skills.
- Understanding of accounts payable function.
- Excellent analytical skills and attention to detail.
- Must be able to deal with multi-currency transactions.
- knowledge in the application of ERP Accounting Systems.
- General Applications: Microsoft Office packages.
- Exposure to accounts and supplier reconciliations.
- Knowledge of taxes applicable in the oil and gas industry.
- Upstream Oil and Gas experience is preferable.
Application Closing Date
Unspecified.
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