Project Accountant at WTS Energy Full Time

Job Title: Project Accountant

Location: Lagos

Job Summary

• The Project/Operations Accountant will be responsible for Project accounting and reporting for assigned facilities and wells for Company`s operated assets.
• This role shall develop a cost tracking model that provides Corporate Finance, Management and JV partners’ reasonable estimate of project costs at any point in time.
• In carrying out the duties, the post holder will ensure that statutory, regulatory, governance, IFRS reporting requirements and best industry project accounting practices are compiled with.

Key Accountabilities

• Provide day to day support to the project team in the implementation of assigned projects.
• Good understanding of contract terms related to assigned projects/operations, including internal cost allocation model.
• Develop robust daily cost tracking template that is transparent and easy to understand by non-finance persons.
• Responsible for preparing annual project budget (internal, and JV) in prescribed format with supporting schedules.
• Responsible for preparing, presenting, and reviewing monthly, quarterly and annual costs to the JV partner and for securing JV performance approval.
• Responsible for providing required cost/financial information to the Project Manager/Team and management of the company and meeting all set deadlines; ensuring that all output from the company are of the highest standard.
• Responsible for reviewing all project related vendor/supplier invoices to ensure that payments are made for work done and per contracts.
• Ensure proper coordination of financial transactions related to assigned projects at multiple locations to ensure that accrued expenses at month Lad reflect actual benefits received.
• Carry out timely reconciliation of project costs upon completion; and fully reconcile assigned Balance Sheet Accounts.
• Design and implement effective system of controls to safeguard purchased goods/spares that are stored at multiple locations.
• Responsible for providing guidance to the project team on finance and accounting matters and ensuring these are complied with in Company`s business.

Qualifications

• The candidate is expected to possess minimum of First Degree and recognised professional accounting qualifications with relevant post qualification oil and gas experience;
• He/she must demonstrate in-depth knowledge and experience of project accounting.

Desired Attribute:

• The ideal candidate must be self-motivated, analytical, organised, a good communicator and team player, and be able to work with multiple issues.
• Sound knowledge of industry standard accounting systems and Microsoft Office is essential.

Application Closing Date
No Specified.