Management Accountant Recruitment at Sahara Group

Sahara Group nutures businesses in the energy sector. These companies operate essentially within the energy industry and its associated sub-sectors. The Group consists of individuals, who are determined to make a positive impact on the business environment.

Position Title: Management Accountant

Location: Ikoyi, Lagos
Job Type: Full Time

Purpose Statement

The role is responsible for all accounting and financial reporting and tax related matters of both operated and non-operated joint ventures (JV) in accordance to (but not be limited to) International Financial Reporting Standards (IFRS) and oil and gas upstream accounting standards.

Key Deliverables
Financial Reporting Duties:

  • Perform GL reconciliation/clean up and close payable and receivable module for all entities, run month–end accrual process and post into GL.
  • Prepare and submit monthly accounts, TB, and relevant schedules to Management & Group Finance
  • Prepare and submit monthly FINCOM performance reports
  • Prepare and submit monthly crude entitlement report to JV Partners
  • Prepare Budget vs. Actual costs on a monthly basis
  • Prepare annual Financial Statements for all the upstream companies
  • Provide Internal and External Auditors with all necessary information to facilitate prompt closure of audit.
  • Prepare intercompany matrix and reconcile all differences between related entities

Tax Remittance Duties:

  • Run monthly tax report, remit and file tax returns promptly
  • Review tax liabilities within agreed entitlement model with Crude Oil Marketing Department (COMD), NNPC.
  • Obtain Tax Receipts from all authorities and dispatch WHT receipts to vendors promptly.
  • Liaise with Company’s Tax Advisers to ensure appropriate computation of PPT estimate and returns and prompt filing with relevant Tax Authority
  • Promptly file PPT / CIT Returns for all entities
  • Attend to every enquiries/memo from tax authorities.

Other related activities:

  • Assist the Asset Manager with the Business Plan and performance monitoring
  • Reconcile all bank accounts operated on a monthly basis.
  • Other financial reports and analysis required by management.

Minimum Qualification/ Experience:

  • Minimum of 5-7 years of cognate experience with an upstream Oil and Gas Company or reputable audit firm.
  • A chartered accountant (ACA/ACCA/CPA/CIMA) with Accounting, Audit & Financial Reporting (Major in Finance/Accounting) background.


  • Financial Reporting with detailed knowledge of International Financial Reporting Standards (IFRS) and oil and gas upstream accounting
  • Oil and Gas Upstream Tax Laws
  • Good working knowledge of Oracle Accounting Systems and MS Office programs especially Excel and PowerPoint is required.

Personality Traits:

  • Excellent interpersonal and business communication skills
  • Strict professional with a dedication to precision
  • Detailed and highly numerate
  • Passion for excellence.

Working Relationships

  • Board of Directors
  • Senior Management
  • Auditors (Internal & External)
  • Tax Authorities etc.

Application Deadline: Not Specified.

Click here to apply

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