Nestoil Plc was incorporated in Nigeria in 1991 for the provision of Engineering, Procurement and Construction (EPC) services to the energy and oil & gas industry. Since then, Nestoil has grown to become the leading indigenous EPC provider for major IOCs (International Oil Companies) in Sub-Saharan Africa like National Petroleum Company (NNPC) Shell
Finance Manager
- Job Type: Full Time
- Qualification: BA/BSc/HND
- Experience: 8 – 10 years
- Location: Rivers
- City: Port Harcourt
- Job Field: Finance / Accounting / Audit
Job Summary
- The Finance Manager is responsible for overseeing the financial health of the organization by managing budgeting, forecasting, financial reporting, and analysis.
- This role ensures compliance with financial regulations, supports strategic decision-making, and leads the finance team to maintain accurate records and improve financial performance.
- The Finance Manager works closely with senior management to develop financial strategies and optimize resource allocation.
Key Responsibilities
Accounting & Finance policies and procedures development:
- Drive the formulation, periodic review/update and implementation of sound financial policy framework and controls as may be required.
- Ensure adequate controls and procedures are complied with in the processing of transaction payments with the view to ensuring elimination /minimization of operational risk and fraud.
Proper accounting of business operations transactions:
- Ensure daily, real-time, and accurate posting of all business transactions in the general ledger in accordance with relevant accounting standards (which includes generally accepted accounting principles & practices and international financial reporting standards).
Financial Planning & Analysis:
- Development of long-term financial strategies.
- Lead the budgeting and forecasting processes in coordination with department heads.
- Prepare monthly, quarterly, and annual financial reports including P&L, statement of financial position, and statement of cash flow.
- Analyse financial performance by comparing actual results with budget and forecast.
- Identify opportunities to reduce costs and improve financial performance.
- Identify trends, risks, and opportunities to support strategic decision-making.
Financial Reporting:
- Ensure accurate and timely preparation of financial statements in compliance with applicable accounting standards (e.g., IFRS, GAAP).
- Coordinate with external auditors for completion of the annual audits and statutory filings.
- Provide management with financial insights and recommendations through dashboards and presentations.
Statement of Financial Position Integrity:
- Ensure that assets and liabilities in the general ledger are substantiated with supporting schedules and that the balances per the Trial Balance is a true reflection of physical state of the ledger accounts.
- Preparation of age analysis report for all account receivables and account payable balances.
- Preparation of reconciliation statement for all other Statement of Financial Position balances and prompt disposition of all reconciling items.
- Preparation of up-to-date and management of Fixed Assets Register.
- Support preparation and execution of periodic physical count exercise and verification of property, plant & equipment, and inventory items.
Cash Flow & Treasury Management:
- Monitor daily cash flow and manage working capital efficiently.
- Monitor and manage the inflow and outflow of cash to ensure financial liquidity.
- Oversee banking relationships and ensure optimal use of financing options.
- Manage foreign exchange and currency exposure, if applicable.
Risk Management:
- Identify and mitigate financial risks to protect the company’s assets and operations.
Compliance & Internal Controls:
- Ensure compliance with tax, legal, and regulatory requirements.
- Implement and maintain robust internal financial controls.
- Statutory deductions Management & Remittance
- Ensure proper computation and recognition of all applicable statutory deductions e.g VAT, WHT, LCD, NIMSA etc.
- Preparation of detailed schedules for prompt monthly remittance of statutory deduction liabilities.
- Ensure follow-up and engagement with relevant internal departments for collection of WHT credit notes and payment receipts for all statutory deduction remittances.
- Ensure monthly reconciliation all statutory deductions general ledger accounts and prompt disposition of all reconciling items.
Team Leadership:
- Supervise and mentor junior finance staff, including accountants and accounting officers.
- Foster a culture of continuous improvement and professional development.
- Manage performance and provide training as needed.
Business Partnering:
- Collaborate with department heads and senior management to drive business performance.
- Provide financial advice to senior management to support sound business decisions and strategy development.
- Support investment decisions through financial modelling and ROI analysis.
- Provide financial input into commercial negotiations, pricing strategies, and cost-saving initiatives.
Robust and efficient Transaction document management system:
- Development of a functional and efficient electronic document management filing system.
- Ensure the availability and proper filing of third-party supporting documents for all general ledger entries.
- Ensure ease of retrieval of transaction posting supporting documents for internal and external stakeholders’ utilization.
Qualifications / Experience
- B.Sc. or HND in any discipline, plus
- ICAN ACA or ACCA professional qualification
- 8 to 10 years of progressive work experience in the Accounts/Finance function
- Knowledge of ERP Systems (e.g., SAP ByD)
Key Skills & Competencies:
- Good knowledge of Generally Accepted Accounting Principles.
- Good knowledge and understanding of the International Financial Reporting Standards (IFRS).
- Highly numerate with good analytical skills.
- High proficiency in the use of the Microsoft Office Suite, especially Microsoft Excel, Microsoft Word & PowerPoint.
- Ability to analyze financial data and interpret financial reports.
- Good problem-solving skills and results-oriented.
- Ability to produce high-quality output under pressure and sometimes with inadequate resources.
- Ability to work effectively in a team.
- Good Communication and Interpersonal skills are required in liaising with people at different levels within and outside the Organization.
- Ability to explain complex financial data to non-finance stakeholders.
- Strategic thinking with a commercial mindset.
- Ability to lead and coach direct reports to improve efficiency and competence.
- Ability to meet deadlines and manage multiple tasks.
- Intuitiveness and attention to detail.
- High level of integrity and ability to maintain confidentiality.
- Strong professional ethics, accountability, and dependability.
Method of Application
Interested and qualified? Go to Nestoil Plc on nestoilgroup.com to apply
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