Senior Accountant, Upstream -1 at Matrix Energy… · Ikoyi

Job Purpose:

The Senior Accountant, Upstream will oversee financial reporting, joint venture accounting, and cost management for upstream operations, ensuring compliance with regulatory requirements and operating agreements. The role will support financial governance, cash call management, cost recovery, and performance analysis, providing accurate and timely financial insights to support strategic decision-making.

​ RESPONSIBILITIES AND ACCOUNTABILITIES

Shareholder Representation & Governance

• Ensure compliance with approved financial policies, operating agreements, budgets, and work programmes.
• Identify, document, and escalate financial, governance, or compliance risks that may impact the company’s financial position or interests.
• Support management during audits, financial reviews, and stakeholder engagements.
• Financial Management & Reporting
• Review and validate monthly management accounts and annual financial statements.
• Monitor cash flows, funding requirements, and financial obligations.
• Analyse variances against approved budgets and investigate material deviations.
• Prepare and submit timely financial performance reports to management.
• Accounting and Cost Management Oversight
• Ensure NRS-compliant upstream oil & gas accounting practices.
• Monitor CAPEX and OPEX to ensure alignment with approved budgets and operational plans.
• Review cost allocation, cost recovery, and partner charge mechanisms.
• Oversee asset capitalization, depletion, depreciation, and impairment processes.

Taxation & Regulatory Compliance

• Ensure compliance with Nigerian upstream tax laws, including Petroleum Profits Tax / Hydrocarbon Tax.
• Review withholding tax, VAT, and statutory filings.
• Support responses to tax audits and regulatory reviews involving NRS, NUPRC, and other authorities.

Internal Controls & Risk Management

• Enforce strong internal controls and financial discipline.
• Identify financial, operational, and compliance risks and recommend mitigation measures.
• Maintain proper documentation to support financial positions and escalations.

Stakeholder Management

• Engage professionally with internal and external stakeholders to provide financial insights and guidance.
• Offer objective and independent financial advice while maintaining constructive working relationships.
• Support management with clear, evidence-based financial recommendations.

Requirements

EDUCATIONAL AND SKILLS REQUIREMENTS

• Bachelor’s degree in Accounting, Finance, or a related discipline.
• ICAN, ACCA, or equivalent professional qualification is mandatory.
• Minimum of 8–10 years’ experience in the oil and gas industry.
• Exposure to upstream oil & gas operations and joint ventures will be a strong advantage.
• High integrity, independence, and ethical standards.
• Strong assertiveness and professional courage.
• Excellent analytical, documentation, and communication skills.
• Ability to manage pressure and conflict professionally.