Senior Accounts Officer in Lagos, Nigeria

at Fosad Consulting Ltd

Minimum Qualification
Bachelor's Degree
Required Experience
5 - 7 years
Employment Type
Full Time
Male or Female
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Job Description

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.

Job Description

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


  • 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



  • Degree in Accounting, Finance or a related course
  • IFRS Certification required
  • ICAN/ACCA Membership required
  • 6+ years of progressively increasing responsibilities


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