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Latest Recruitment At Nigerdock Nigeria Plc

Date Posted: 14/May/2014
Deadline: Not Specified
  • Specialization Engineering
  • Industry
  • Experience 0 year(s)
  • Location Nigeria

Nigerdock Nigeria Plc – FZE is West Africa’s Leading Industrial Corporation focused on Oil&Gas construction and major marine services including offshore and pressure vessel fabrication, ship building and repair, industrial training and specialised Oil&Gas and Maritime support. It is strategically located on Snake Island Integrated Free Zone, an impressive industrial free zone facility and port development on an island in the coastal waterways of Lagos, with immediate access to the open seas.


Nigerdock is organised into four main divisions including Offshore Fabrication, Pressure Vessels, Shipyard and the Training Centre. Each one of these divisions is a stand-alone unit headed by a General Manager reporting to the Managing Director.


Finance Manager - Projects & Planning


Job description

The principle purpose of the Finance Manager, is to provide support to the Financial Controller (Projects & Planning) in managing financial forecasting and reporting of projects.


This position will need to build trusting relationships with business unit leaders and advocate for the use of best practices around business cases, this includes ensuring the accuracy and integrity of project reporting and forecasting, provide project financial analysis to meet internal and external requirements and ensuring the accuracy and integrity of cashflows, budgets and financial forecasts.

You will be expected to develop trusted consultative relationships with businees leaders by maintaining open, continuous communication around financial analysis and managing business partner expectations on deliverables; providing advice and support on best practices; sharing relevant learnings and insights as available.

The prime responsibilities and duties: 

  • Preparation of end-of-life project forecasts in conjunction with the Commercial Department and project teams;
  • Accuracy and integrity of figures reported in end-of-life forecasts;
  • Key assumptions used in end-of-life forecasting; analysis of key risks and judgements used in end-of-life forecasting;
  • Actuals reported for project revenue and costs in the monthly management accounts are accurate, and fully reconciled to and consistent with forecasts produced by the Commercial Department and project teams;
  • Progress billings and revenue recognized are fully reconciled to actual billings and total contract revenue is in line with contract values reported by the Commercial Department;
  • All entries relating to projects are accurate and correctly posted;
  • End-of-life forecasts are revised for major changes arising on a monthly basis and a full review is conducted on a quarterly basis;
  • Monthly financial project review meetings;
  • Monthly performance analysis to budget for all projects to budget holders with commentary on variances;
  • Commentary in the monthly management accounts for variances between actual and budget and changes in end-of-life forecasts.
  • Management Accounts – Cost Allocation:
  • Development of systems for accurate re-allocation of costs to projects and service cost centres;
  • Cost allocations are accurately applied in the monthly management accounts;
  • Regular reviews of the methodology used in cost allocations to ensure that it remains consistent with company objectives;
  • Basis of cost allocations is transparent and is clearly communicated to budget holders.

       Man-hour Costing:

  • Development of accurate man-hour rates to be used in actuals, forecasts, commercial tenders and for other requirements within the company;
  • Quarterly review of man-hour rates to ensure that they are accurate and the methodology used is consistent with company objectives;
  • Basis for man-hour rates is transparent and is clearly communicated to users.


  • Weekly cashflows for a month-by-month cashflow projecting forward a minimum of twelve months and for
  • a week-by-week cashflow projecting forward a period of three months;
  • Accuracy and integrity of all figures used in cashflow projections.

        Quarterly Forecast:

  • Quarterly forecast for the full year in the format of the monthly management accounts;
  • Commentary in the monthly management accounts for variances between the annual budget and the quarterly forecast.
  • Annual Budget:
  • Draft annual budget for the company for the following year by 31st October each year;
  • Liaise with budget holders to produce a budget for each department ensuring that full consideration is taken of current-year actuals, changes in the business, inter-related activities between departments, corporate objectives and any other relevant factors;
  • Full support to budget holders in the preparation of departmental budgets and ensure that information is accurate, well-presented and clearly justified;
  • Budget is presented in a clear and transparent manner;
  • Budget is consistent with the format of the monthly management accounts and the ERP software to enable clear comparison between budgeted and actual figures.
  • Financial Information and Support:
  • Provide financial information relating to projects to support commercial activities within the business and other departments as required;
  • Analysis and financial information for commercial bids to ensure accurate costing.
  • Annual external accounts audit:
  • Schedules, information and explanations required relating to projects for the annual external accounts audit.
  • HSE:
  • Pro-actively support a strong safety culture within the company.



Desired Skills and Experience

  • A minimum  of 5 years progressive finance/accounting experience
  • Strong experience of working with ERP/Accounting software
  • Private enterprise/business background
  • Experience of leading a finance team
  • Strong systems experience and skills
  • Possesses the drive to succeed and add value to the organization
  • Previous experience of accounting for EPC contracts (Projects & Planning)
  • Ability to process complex financial data
  • BA or BS in accounting or related field

Method of Application

Interested and qualified? Click the Apply now button to send your application

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