Manager, Financial Control and Reporting Rivers

Stockgap Fuels Limited - We are a leading oil and gas company operating in Nigeria’s downstream sector with head office in Port Harcourt, Rivers State. To meet the growing demand of Nigeria’s Market, Stockgap Fuels Limited is expanding its LPG business by investing on additional storage and cylinder filling facility in 4 strategic locations spanning major regions of the country - Lagos/South-West, South-South/South-East, North-Central/North-West and North-East regions respectively. We are  recruiting to fill the position below:

 Job Title: Manager, Financial Control and Reporting

Location: Rivers

Employment Type: Full-time, Permanent

Department: Finance Job Purpose

To lead the company’s financial control and reporting function, ensuring the integrity, accuracy, timeliness and transparency of financial information, a robust internal control environment, and full compliance with applicable accounting standards, statutory requirements and regulatory obligations across a multi-location downstream oil and gas business. The Manager, Financial Control and Reporting owns the month-end, quarter-end and year-end close; the preparation of management, statutory and lender reports; and the design and enforcement of financial controls over product inventory, revenue, payables, fixed assets and cash. The role is a trusted partner to the CFO, Executive Committee (EXCO), Board, auditors and regulators, and provides reliable financial insight that supports decision-making and business growth.

Scope And Key Dimensions Of The Role

Accountable for the financial accounting and reporting of all business units, including HQ, depots, terminals, retail stations, LPG and gas operations. Leads and develops the financial control and reporting team, and sets its objectives, standards and succession pipeline. Operates in a high-volume, multi-product environment (PMS, AGO, DPK, LPG, gas and lubricants) with significant inventory, product-in-transit, import and trade finance accounting complexity. Acts as the principal finance contact for external auditors, regulators, tax authorities and lenders on financial reporting matters. Works within Board-approved policies and delegated authority, escalating matters outside these limits to the CFO.

Lead the monthly, quarterly and annual close, delivering accurate financial statements within the agreed close calendar. Prepare and review IFRS-compliant financial statements, including notes and disclosures, for statutory, lender and Board purposes. Produce management accounts and reporting packs for the CFO, EXCO and Board, covering profit and loss, balance sheet, cash flow, segment and product-line performance, and variance analysis against budget and prior periods. Ensure complete and accurate consolidation of entities and business units, including intercompany eliminations and reconciliations. Review and approve journal entries, accruals, provisions and judgemental estimates with appropriate supporting evidence. Maintain and enforce the chart of accounts, accounting policies and the group accounting manual, ensuring consistent application across the business. Monitor developments in IFRS and Nigerian reporting requirements and assess and implement their impact on the company’s accounting and disclosures. Prepare lender and covenant reporting packs in collaboration with Treasury, ensuring timely delivery of compliance certificates and financial covenants calculations.

Design, implement and monitor a robust internal control framework over financial reporting, aligned with SOX-equivalent best practice. Own balance sheet integrity, ensuring all balance sheet accounts are reconciled, reviewed and signed off on a timely basis, with ageing items investigated and cleared. Enforce segregation of duties, authorization limits and approval workflows across accounting processes and systems. Lead inventory and product accounting controls, including depot stock reconciliations, throughput and loss analysis, pipeline and product-in-transit accounting, and inventory valuation (net realizable value assessments). Oversee controls over revenue recognition, customer accounts and credit notes, ensuring correct accounting of sales, discounts, price adjustments and regulatory pricing changes. Oversee payables, accruals and vendor reconciliations, ensuring completeness of liabilities and accurate cut-off. Oversee fixed asset accounting, including capitalization, depreciation, impairment testing, asset verification and disposals for depots, terminals, retail stations and equipment. Oversee bank and cash reconciliations in coordination with Treasury, ensuring timely resolution of reconciling items. Monitor and report control deficiencies, track remediation, and report on the overall control environment to the CFO and Audit Committee.

Statutory, Regulatory and Tax Compliance:

Ensure compliance with IFRS, the Companies and Allied Matters Act (CAMA), the Financial Reporting Council of Nigeria (FRCN) requirements, and other applicable laws and regulations. Coordinate with the Tax function to ensure accurate tax accounting, including current and deferred tax, withholding tax, VAT and related disclosures, and timely filing of returns. Ensure compliance with financial reporting and statutory obligations to NMDPRA, NUPRC (where applicable) and other regulators, including regulatory levies and statutory deductions. Support the preparation and filing of annual returns and regulatory submissions as required. Maintain complete and accessible audit trails and documentation to support regulatory reviews and inspections.

Serve as the primary finance lead for the external audit, including audit planning, preparation of audit schedules, timely responses to queries and coordination across business units. Ensure a smooth, timely audit with no material adjustments or control deficiencies arising from the audit process. Coordinate responses to internal audit reviews, management letter points and regulator findings, and track timely closure of agreed actions. Support the Audit Committee with accurate and complete financial information and explanations of significant accounting judgments and estimates.

Budgeting, Forecasting and Financial Analysis:

Support the annual budget and rolling forecast process in partnership with Financial Planning and Analysis (FP&A), ensuring alignment of budget structures with the chart of accounts and reporting requirements. Conduct variance analysis of actual results against budget, forecast and prior periods, providing clear commentary and insight to management. Provide margin, cost and profitability analysis by product, location and business unit to support commercial and operational decisions. Support cost control initiatives, identifying leakages, inefficiencies and opportunities for improvement. Support capital expenditure tracking, project accounting and post-investment reviews.

Advise on and document the accounting treatment of complex or non-routine transactions, including leases (IFRS 16), financial instruments and hedging (IFRS 9), revenue (IFRS 15), provisions and contingencies (IAS 37), impairment (IAS 36), and foreign currency translation (IAS 21). Work with Treasury on accounting for FX gains and losses, borrowing costs, derivatives, and trade finance instruments (LCs, import financing and term debt). Support accounting for joint arrangements, acquisitions, partnerships and new business ventures, including due diligence and purchase price allocation as required. Prepare technical accounting papers and position memos for review by the CFO and auditors.

Systems, Process Improvement and Automation:

Lead the optimization of the ERP finance modules (Microsoft Dynamics, SAP, Oracle or equivalent), ensuring accurate configuration, controls and reporting outputs. Drive automation of reconciliations, close processes, intercompany accounting and reporting, including use of reporting and BI tools. Standardize and document finance processes, policies and SOPs, and drive continuous improvement and shared-service efficiencies. Ensure data quality and master data governance for finance-related data (chart of accounts, customers, vendors, items and cost centers). Support system upgrades, integrations and implementations, including user acceptance testing and change management.

Lead, coach and develop the financial control and reporting team, setting clear performance objectives and conducting regular appraisals and feedback. Build bench strength, succession cover and technical capability, including IFRS and ERP training. Foster a culture of accuracy, accountability, ownership, integrity and continuous learning. Partner with depot, retail and regional finance teams to ensure consistent standards, controls and reporting discipline across locations.

Decision-Making Authority:

Approves journal entries, account reconciliations and close adjustments within delegated limits. Recommends accounting policies and the treatment of significant judgements and estimates for CFO approval. Approves finance procedures, close calendars and reporting standards. Escalates control breaches, material misstatements, fraud indicators and regulatory non-compliance to the CFO immediately.

Qualifications and Experience

Bachelor’s Degree in Accounting, Finance, Economics or a related discipline (minimum Second Class Upper or equivalent). MBA or MSc in Accounting/Finance (or equivalent) is an advantage.

ACA (ICAN or ICAEW), ACCA, CPA or equivalent is required. Additional qualifications (e.g., CIA, CISA, IFRS certification) are an added advantage.

Minimum of 8–12 years’ progressive post-qualification experience in financial accounting, financial control, reporting or audit, of which at least 4–5 years in a managerial or supervisory role. Demonstrated experience leading a team and delivering month-end and year-end close, consolidations and statutory reporting. Experience dealing directly with external auditors, regulators and senior stakeholders. Big 4 or equivalent audit/advisory background is an advantage.

Downstream oil and gas (preferred). FMCG, commodities trading, manufacturing, or other inventory-intensive, multi-location environments.

Has led the preparation of IFRS-compliant statutory and consolidated financial statements for a multi-entity or multi-location business. Experience with inventory-intensive accounting, including stock reconciliation, loss analysis and valuation. Has designed or strengthened an internal control framework and successfully managed remediation of audit findings. Hands-on experience with a major ERP system and process automation initiatives.

Strong working knowledge of IFRS and Nigerian statutory and tax requirements. Advanced Excel and financial analysis skills; proficiency with ERP platforms (Microsoft Dynamics, SAP FICO, Oracle or similar) and reporting/BI tools (e.g., Power BI). Deep knowledge of:

Consolidation and intercompany accounting Inventory, revenue and fixed asset accounting Internal controls and audit processes Foreign currency, leases and financial instruments accounting.

26th November, 2026. How to Apply

Interested and qualified applicants should forward their CVs and degree certificates to: [Email hidden - Login to reveal] using the job position as the subject of the email.