Financial Controller AT NESTOIL PLC

At Nestoil Limited, we are embarking on a transformative path, reshaping our narrative. We are actively seeking a seasoned Financial Controller to join our dynamic team.

As the Financial Controller, you will play a vital role in guaranteeing precise reporting and analysis of the company’s financial transactions. Your responsibilities will encompass efficient management of the organization’s financial resources, along with offering strategic recommendations for optimizing operational expenses and enhancing profitability.

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SUMMARY

Job Type:

• Full Time

Qualification:

• BA/BSc/HND

Experience:

• 10 years

Job Field:

• Finance / Accounting / Audit 

FINANCIAL CONTROLLER

Your outlined responsibilities as a Financial Controller are as follows:

• Collaborating with the Group CFO to develop and implement financial and accounting policies, procedures, and strategies throughout the organization.
• Creating the company’s annual plans, budgets, forecasts, and financial performance metrics to guide business operations and strategy.
• Establishing company-wide standards for systems, data, and processes.
• Updating and implementing finance standard operating procedures (SOPs) across the group.
• Designing and overseeing the implementation of a robust accounting framework and ensuring compliance with tax and statutory regulations.
• Assisting in the development and maintenance of effective financial controls across the group’s operations.
• Coordinating the consolidation of financial transactions and accounts from all business units and functions.
• Preparing accurate and timely financial and management information, including tax, cash flow, and statutory accounts.
• Coordinating the preparation of the company’s financial reports.
• Managing the statutory reporting process and providing guidelines to operational finance teams.
• Ensuring regular reconciliation of intra-group balances and investigating and resolving any variances.
• Maintaining communication with external bodies such as regulatory organizations, auditors, solicitors, and banks.
• Preparing and submitting Letters of Credit for importation of products.
• Overseeing tax computation, remittance, insurance premium payments, and other statutory fees.
• Providing technical training and guidance on financial accounting issues and developments.
• Reviewing and presenting timely reports to the CFO based on weekly reports from various departments.
• Assisting the CFO in financial risk management and control.
• Ensuring strict adherence to health, safety, and environmental (HSE) policies and procedures.
• Performing any other duties assigned by the Supervisor or line Manager.

What are we looking for

• First Degree in Finance/ Accounting/ Economics
• Possession of a postgraduate degree would be advantageous
• Relevant professional qualification such as ICAN or ACCA
• Minimum of 10 years of relevant experience, with at least 5 years in a managerial role
• Proficiency in finance, accounting, budgeting, and cost control principles
• Thorough understanding of Generally Accepted Accounting Principles
• Expertise in financial management and ability to solve complex financial problems
• Proficiency in analyzing financial data and interpreting reports, statements, and projections
• Strong commitment to integrity
• Proficiency in using automated financial accounting and reporting applications
• Good understanding of local and international financial regulatory standards
• Demonstrates intuition and attention to detail
• Effective communication skills
• Strong analytical and leadership abilities
• Exhibits a high level of integrity and objectivity
• Cultivates a culture of continuous improvement

APPLICATION DEADLINE

Applications close on 22nd June 2023.

METHOD OF APPLICATION

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