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South Atlantic Petroleum (SAPETRO) Recruiting

Date Posted: 05/Oct/2013
Deadline: 17/Oct/2013
  • Specialization Engineering
  • Industry
  • Experience 0 year(s)
  • Location Nigeria


Top Talent Wanted

South Atlantic Petroleum (SAPETRO) is an indigenous Nigerian oil exploration and production company, focused on creating value for its stakeholders in the pursuit of rewarding exploration, development and production opportunities in Africa. 
To support maximization of our existing assets and the pursuit of our business expansion agenda. We seek a talented, enthusiastic, innovative and multi-tasking individual as Senior Treasury Accountant - SA 019 and Joint Venture Accountant - SA020.

Role Description: Senior Treasury Accountant - SAO 19
Reports To: Treasury Manager

Key Roles

  • To enhance the capacity of the Treasury function and ensure that it efficiently supports the Company's operations in Nigeria and elsewhere.
  • This individual will be responsible for driving consistent, simple Treasury, Insurance & Investment monitoring, analysis and forecasting processes across SAPETRO.


  • Work jointly with the Treasury Manager responsible for establishing and monitoring Treasury function's SLA and KPI's.
  • Co-ordinate implementation within the company's reporting package (SAP) of new policies, procedures or controls pertaining to authority and limits in Record-to-Report (RTR) & Procure-to-Pay (PTP) as well as segregation of duties.
  • Monitor and document key events in the financial services industry as well as perform regular validation checks on the financial health of our key bankers.
  • Perform adequate validation checks on all payments to ensure: proper computation, relevant and adequate supports as well as accuracy of payment instructions.
  • Ensure validity of banking transactions through proper and timely monthly review of reconciliation statement of all bank accounts, investment and loan accounts.
  • Generally monitor the company's exposures and ensure compliance with it's policy.
  • Preparation of short and medium term cash forecasts.
  • Monitor and report bank balances on a daily basis to ensure proper funding of accounts.
  • Maintain good commercial and interpersonal relationship with the company's bankers, Insurance brokers, vendors and other departments.
  • Liaise with the relevant public agencies to obtain key fiscal and monetary policy documents and information on a timely basis e.g. CBN Monetary Policy Guidelines, FGN Annual budgets, Foreign Exchange Circulars etc.
  • Actively participate in financial and Insurable risk management processes.
  • Prepare and maintain Insurance schedules and ensure timely renewal.
  • Pursue and obtain timely settlement of all valid Insurance claims.
  • Provide oversight / guidance to junior personnel working directly on Treasury, Insurance and Financial Investment activities.
  • Perform any other duties assigned by the Manager.

Person Profile

  • Minimum of a 2nd Class Upper University degree.
  • Approximately 5 to 10 years’ experience within the Treasury department of a multinational company or financial institution.
  • MBA or Master's Degree from a top tier business school will be an advantage.
  • Chartered Accountant (ACA / ACCA / CPA).
  • Knowledge of SAP.
  • Good understanding of the workings of financial systems.
  • Ability to work under pressure with minimum supervision
  •  Good interpersonal and communication (verbal & written) skills.
  • Strong analytical, multitasking and problem solving skills.
  • Ability to speak French would be an advantage.
  • Conversant with the use of Microsoft Office Tools.



Role Description: Joint Venture Accountant - SA020 in South Atlantic Petroleum

Reports To: Manager, Accounting and Reporting

Key Roles

  • The Joint Venture Accountant will take ownership of all Finance related reporting obligations in all the company's JVs and drive compliance in a timely manner. Critical to this role is the ability to absorb a large mass of data and deploy integrated processes that ensure SAPETRO companies meet their reporting obligations to Partners, Host Governments and Communities under each JY.


  • Maintain JV Accounting Ledgers for all Assets.
  • Prepare monthly Billing Statements for Operated Acreages.
  • Prepare monthly cash calls for Operated Acreages.
  •  Prepare periodic Government and Ministry reports as required by governing agreements for all Assets.
  • Review transactions for appropriate charges.
  • Provide reconciliation between JV ledgers and General Ledger Accounts.
  • Generate Balance Sheet Reconciliations for assigned accounts and review with GL Accountant
  •  Comply with month end time table for GL closure and Reports.
  • Prepare monthly journal entries (JV related Accruals).
  • Prepare monthly analysis of Current Accounts for individual JVs.
  • Prepare reports to feed financial statements (variance analysis, etc.).
  • Work on special projects, if requested.

Person Profile

  • Minimum of a 2nd Class Upper University degree.
  • Approximately 5 to 10 years experience in a similar position or Oil and Gas audit experience with a reputable multinational practice.
  • Chartered Accountant (ACA / ACCA / CPA).
  • Knowledge of SAP.
  • IFRS experience is an advantage.
  • Good interpersonal and communication (verbal & written) skills.
  • Good team spirit.
  • Strong analytical, multitasking and problem solving skills.
  • Conversant with the use of Microsoft Office Tools.


Method of Application
Interested and qualified candidates should send their CVs (Microsoft Word Format) as an attachment to [email protected] on or before Thursday 17th October 2013. Email subject titles should read: Senior Treasury Accountant – SA019, Joint Venture Accountant – SA020


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