• Head, Internal Control/Audit at VFD Group

Head, Internal Control/Audit at VFD Group

Posted May 9
Orile, Lagos State, Nigeria
more than 5 years
Accounting and Finance Work Experience
Above ₦500,000
Expected Salary
Job Type
Employment Status
Marital Status
B,Sc Accounting,....University of Lagos. MBA Financial Management .......Lagos State University, Ojo, Lagos.
Still Studying
Ability and competence in handling all accounting, auditing, banking and financial matters, with my wealth of experience over the years coupled with the relevant academic and professional certifications/qualifications/attributes.
Yes,---English and Igbo.
FCIB---Fellow --The Chartered Institute of Bankers of Nigeria--CIBN ACA....Associate Member-- Institute of Chartered Accountants of Nigeria---ICAN
Highest Qualification
Yes. To be provided at the appropriate time.
 Over-seeing of all financial and accounting transactions of the company and generally all activities of the company ensuring harmonious inter-faced relationship between various subsidiaries, associated companies, Sister Companies, departments, divisions and sections.
 Over-seeing of accounts reconciliation with the Banks, PPMC/PPPRA/PSF on the payments and supplies of petroleum products.
 Opening of Letters of Credits or Documentary Credits for importation of petroleum products.
 Liaising with the Central Bank of Nigeria and Debt Management Office to facilitate the release of the Sovereign Debt Note –ie, (Subsidy) on due / maturity date.
 Generation of Cash-Flow Statement (CFS) or Forecast and Budgets for the general business of the company and for individual projects to guide management in decision making process.
 Computation and remittance of tax payable to the LSIRS and FIRS iro PAYE, VAT, WHT etc.
 Drawing up of the company`s management/financial accounts and Annual Budget to guide the Management in decision-making.
 Overseeing all sales and other marketing operations.
 Computation and remittance of pension contributions ifo the PFAs and other statutory remittances ifo ITF, NSITF, etc
 Writing of feasibility report on any new project to be financed or embarked on.
 Computation of Profitability Analysis on products to be financed by the banks.
 Computation of Total Landing Cost of all petroleum products purchased.
 Computation of Foreign Exchange Differential in respect of imported petroleum products.
 Monitoring of the bank accounts to ensure that the transactions are in line with the terms of prevailing or applicable offer letter and the duly signed mandate.
 Advising management based on the outcome of the final accounts and other relevant computations/analyses in line with the dynamics of Oil and Gas Industry.
 Investment of excess funds to earn some interest until the need for such funds arises.
 Audit Management, Internal Controls and Compliance Monitoring.
Above ₦500,000
Last seen May 9, 2019
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