Accounting Head

Accounting Section Head will be responsible for overseeing all aspects of financial management, including corporate accounting, regulatory and financial reporting, as well as the development of internal control policies and procedures. The ideal candidate will have a strong background in accounting and finance, and a proven track record of managing financial operations in a dynamic environment.

Qualifications:

Bachelors degree in accounting, Finance, or relevant field.

Minimum of 7 years of proven experience.

oil & Gas experience mainly 

Proficiency in accounting software (e.g., Oddo, SAP, Oracle) and advanced

Excel skills. Experience with ERP systems is highly desirable.

Strong analytical and problem-solving skills, with the ability to interpret

complex financial data and provide actionable insights.

Good knowledge of corporate financial law and risk management practices.

Excellent verbal and written communication skills, with the ability to present

financial information to non-financial stakeholders.

High level of accuracy and attention to detail in all aspects of work.

Strong ethical standards and integrity, with a commitment to maintaining

confidentiality.

Oil & Gas (Exploration and Production) industry finance, tax and accounting

experience is must.

Key Responsibilities:

1. Financial Reporting:

o Prepare and present accurate and timely financial statements, including

income statements, balance sheets, and cash flow statements.

o Ensure compliance with IFRS and other regulatory requirements.

o Oversee the month-end and year-end closing processes.

2. General Ledger Management:

o Maintain and reconcile the general ledger, ensuring all transactions are

recorded accurately and in a timely manner.

o Review and approve journal entries, account reconciliations, and other

financial records.

3. Fixed Asset

o Record the acquisition, depreciation, amortization, and disposal of fixed

assets.

o Maintain the fixed asset register and ensure accurate tracking of asset

values.

o Ensure compliance with accounting standards (e.g., IFRS or GAAP) for

fixed asset reporting.

4. Accounts Payable and Receivable:

o Oversee the accounts payable and receivable functions, ensuring timely

and accurate processing of invoices, payments, and collections.

o Monitor and manage cash flow to optimize working capital.

5. Cost accounting:

o Record and allocate direct and indirect costs for all projects (e.g.,

materials, labour, overhead).

o Handle complex cost allocations or fixed asset tracking on behalf of the

company.

o Analyse cost variances and provide insights to improve cost efficiency.

o Prepare cost reports for management decision-making.

6. Internal Controls:

o Develop and maintain robust internal control policies and procedures

to safeguard company assets and ensure the integrity of financial

information.

o Conduct regular audits to ensure compliance with internal controls and

regulatory requirements.

7. Cash Management:

o Manage cash flow, including forecasting and optimizing working

capital.

o Oversee accounts payable and receivable, ensuring timely and accurate

processing.

8. Compliance and Risk Management:

o Ensure compliance with all local financial regulations.

o Identify and mitigate financial risks, implementing strategies to protect

the companys financial health