Financial Controller

About Savannah

Savannah Energy is a young, high growth, highly ambitious energy company. We are focused on operating in countries where we can make a difference to our host communities, where we can play a strategic role in the energy sector and where we can make a positive impact on the socio-economic development of the country. Our vision is to create a best in class African-focused energy company that we and our stakeholders are proud of. Our five core values of Sustainability, Excellence, Entrepreneurialism, Integrity and Teamwork define the essence of Savannah and underpin our corporate culture.

Job Grade

• D (Manager)

 Location

• Lagos

 Job Purpose/Objectives

• Ensuring accuracy and timely completion of statutory reporting and financial accounting for Savannah Energy’s Nigerian entities (currently 5); working closely with the Head of Finance, Group Financial Controller and Group Treasurer; internal and external auditors and other senior managers and directors of the Nigerian operations.

Job & Main Specifications (Education/Knowledge, Skills, Attributes, Experience & Other Required Details)

• University degree in Accounting, Finance, or a related discipline.
• A postgraduate/ professional qualification, e.g. MBA, ICAN, ACCA, etc.
• At least fifteen (15) years of finance operation experience in a similar role, preferably in an upstream Oil and Gas operator with at least 3 years in management/supervisory capacity.
• Extensive accounting and reporting experience with strength in IFRS reporting principles/standards, policies, processes, especially in the Oil and Gas industry, particularly: joint arrangements, decommissioning, IFRS 9: financial instruments, mainly debt related; IFRS 15 – revenue accounting; Expected credit losses; impairment triggers; depletion in an Oil and gas industry; control reviews for ICFR.
• Experience in reviewing/preparing cash flow models for forecasting purposes for Treasury operations, impairment reviews, tax modelling and going concern assessments.
• Strong preference for candidates with ERP experience with respect to month-end close tasks, journal processing, Master data review and maintenance, designing system reports.
• Strong analytical and problem-solving skills.
• High level of attention to details and ability to multitask and function effectively under pressure.
• Strong leadership and people management skills. Ability to think strategically and holistically and provide direction and develop team.
• Results oriented with a high sense of responsibility, accountability and dependability.
• Strong communication, interpersonal and relationship building skills.
• Strong business ethics and high level of integrity.
• Proficiency in Microsoft office tools and working knowledge of finance and accounting systems.
• Be willing to live our values and have a passion for "Projects that Matter".

Duties & Responsibilities

• Key member of the Head of Finance’s Savannah Nigeria leadership team, with strong interface with Group Financial Control and other senior managers in the Nigerian operations.
• Responsible for the financial control and reporting objectives in line with Nigeria Finance, Group finance and company-wide objectives.
• Ensure effective financial controls are implemented in the finance processes to mitigate identified risks to report under the FRC’s ICFR annual assessment.
• Ensure complete and accurate processing and accounting of project costs (including personnel time), fixed assets, inventory, intercompany, account receivables, account payables transactions and debt instruments.
• Coordinate the review and reconciliation of the various general ledger accounts.
• Coordinate periodic preparation and review of bank reconciliation statements.
• Review all reconciliation statements on a periodic basis for completeness, accuracy and validity of balances and reconciling items.
• Reviewing and co-authorising purchase orders, invoices and payroll for payment as a holder of the Delegation of Authority.
• Overall responsibility for managing the annual entity audits with the external auditors, together with coordinating with the Group Financial Control Team & Group auditors.
• Supervise the preparation of monthly accruals, prepayments and other accounting schedules in readiness for the preparation of the final accounts.
• Coordinate/ supervise monthly and quarterly close activities, including GL period opening and closing, voucher postings, GL maintenance.
• Ensure timely preparation of financial reporting statements and alignment of activities with reporting standards (IAS, IFRS, FRC guidelines, etc.).
• Advise the finance team on new updates to the chart of accounts.
• Develop and maintain relationships with relevant financial institutions and government agencies, as required.
• Coordinate timely and accurate processing of 3rd party invoices and staff advances/expenses. Ensure accuracy of cost centres, appropriate approvals, VAT/WHT deductions, etc.
• Ensure timely resolution of queries and issues with regards staff advances and 3rd party invoices.

Savannah Energy is an equal opportunity employer. We do not discriminate on the basis of age, disability, gender, marriage or civil partnership, maternity or pregnancy, race, religion, belief or sexual orientation. Savannah Energy values the protection of your personal data. We process all data in line with the Nigeria Data Protection Regulation 2019.

Please note that only qualified candidates will be contacted.