CFO - Oil & Gas Downstream
Global Career Company
Nigeria
5d ago
  • Key Accountabilities & Responsibilities
  • Financial Planning & Budgeting

    Develop finance strategies; lead budgeting and forecasting; support strategic and business planning and possible expansion.

    Develop financial business cases for proposed investmentsOversee the investment of funds and manage associated risks.Manage budgetary processes to ensure all budgets adequately reflect periodic resource requirements and revenue estimates for the business.

    Ensure surplus funds are properly investedLiaise with external financial services organizations, and investors as may be required, to ensure the business remains adequately funded in terms of Debt, Equity and Working Capital requirements.

  • Develop long-range financial plans to support organizational objectives and decision-makingEnsure all capital and operating expenditure are within budget and in line with relevant approvalsManage the budget, monitor budget implementation, highlight deviations and recommend appropriate interventionsKeep abreast of changes in the industry, financial regulations and legislation;
  • ascertain implications for the business and advice management accordingly

    Financial Management

    Manage organizational cashflow and optimize financial resourcesRegularly monitor company’s cash flow position to anticipate and provide operational liquidity requirementsIdentify and deploy cost saving initiatives.

  • Develop and implement cost control / management strategies and system to ensure optimal utilisation of available financial resourcesAssist with resource prioritization and allocationMonitor and manage financial and related risksProvide and interpret financial information for practical application, to guide operations across departments and the organizationOversee and advice management on investment activities;
  • provide advice / recommendations relating to financial and tax considerations of investments, as well as other business transactions.

    Oversee credit and treasury management activities, or collaborate with responsible officers where applicableEstablish and maintain good working relationships with banks and other financial institutions and tax institutionsPrepare winning presentations and proposals to investors / financiers for debt / equity capital raising effortsConduct financial analysis and risk assessment on existing investments and project proposals, including building and interpreting financial models

    Accounting and Financial Reporting

    Establish and maintain corporate accounting policies and proceduresDevelop and implement policies and procedures to identify, resolve and document accounting issues, as well as procedures to drive efficient, accurate closing and reportingManage the company’s accounting systems and procedures, and ensure they are up-

  • to-date and in compliance with all applicable statutory and regulatory requirements.Coordinate the preparation of financial statements;
  • review and ensure accuracy of accounting records; ensure timely and accurate financial reportingFacilitate and coordinate the preparation of year end closing and financial statementsReview monthly accounting close process;
  • conduct analytical review of the monthly operating resultsCo-ordinate the periodic financial performance monitoring and reporting activities of the Company.

    Provide monthly and other periodic financial results including various analysis, highlighting financial and operating KPI performance versus targetReview monthly financial statements and other informational reports.

    Participate in Board and Annual General Meetings as required; prepare management and other relevant reports for these meetingsSupervise the upkeep and management of company’s fixed assets and stock inventoryEnsure ample and proper documentation of all financial information and documents by maintaining an orderly and easy retrieval filing systemMaintain a robust system of accounting controls

    Tax Management

    Develop strategies to defer, minimize the company’s tax liability within the confines of the lawsMonitor and ensure complete and accurate tax accounting and complianceAdvice and ensure that the company complies with periodic tax payment, information reporting, and other statutory and regulatory tax requirementsCoordinate audits by various taxation authorities and negotiate with tax authorities over tax payment issues.

    Ensure all departments comply with all relevant tax laws : PAYE, VAT, WHT, CGT etc.

    Qualification

    Minimum of a Bachelor’s degree or equivalent in Accounting, Finance or a Business discipline (Minimum of Second Class Lower)Professional accounting certificationCertified Financial Analyst

    Experience

    Minimum 15 years’ experience in accounting and finance with working knowledge of financial advisory, corporate finance, project finance or private equityAt least 10 years’ managerial experienceProven experience as CFO, Finance Manager or relevant role

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