Account and Finance Head at an Oil & Gas Company - First Ideologies Limited

First Ideologies Limited - Our client, an Oil & Gas Company, is recruiting to fill the position below:

Job Title: Account and Finance Head

Location: Delta
Job Type: Full-time
Job Field: Oil and Gas

Summary

• The Account and Finance Head is to perform effective risk management and plan the organization's financial strategy.
• You are expected to be well-versed in all aspects of financial management ranging from simple accounting to broad investment and banking operations. You should be an excellent leader as you will interface with almost all units in the organization.
• The major goal is to protect the company's revenues and profits to achieve full financial control and sustainable growth.

Responsibilities
Accounts / Payments:

• Ensure adequate control and accounting of all funds, including maintaining sound financial practices.
• Ensure adequate processes and procedures are in place for effective working capital management.

Treasury Management:

• Manage the liquidity of the company
• Develop realistic and ambitious plans for acquiring funds.
• Involve all concerned staff in fund raising and earned income generation.
• Establish positive relationship with all institutional funders and individual investors associated with the company.
• Ensure that all financing needed is in place at attractive rates and terms.

Asset and Liability Management:

• Meet the current and future cash-flow obligations and collateral needs, both expected and unexpected.
• Manage the risk of losses resulting from movements in interest rates and their impact on future cash-flows.
• Manage the risk from movements in equity and/or credit on the balance sheet.
• Manage the risk of losses resulting from movements in exchanges rates.

Regulatory Compliance:

• Manage Year-end Audit Processes and the Auditors- including timely audit and report of audit.
• Ensure all official records and documents are retained; ensure compliance with federal, state and local reporting regulations, especially filing of quarterly and annual reports with relevant authorities and bodies.
• Develop tax strategies including tax planning initiatives for the company especially in the area of Company Income Tax
• Provide advice to business unit on tax implication of transaction, products and services offered by the company.
• Liaise with the Legal counsel to review tax clauses on contract / agreements with clients
• Monitor debt levels and compliance with debt covenants.

Budget & Performance Management:

• Organize, coordinate, and follow up on the deliverables of all Business Units at the Performance Review Meetings.
• Conduct regular performance review on each SBU alongside with Budget.
• Co-ordinate the preparation of the annual budget for the company.

Financial Reporting:

• Review the reports produced by each of the business units for completeness, accuracy and correctness.
• Review the report on the analysis of the company’s monthly financial performance
• Review and respond to request for new product and related transaction dynamics together with accounting entries and processes
• Review issues related to accounting processes & procedures (income recognition, fixed assets capitalization, prepayments amortization, accrual provision).

Leadership and People Management:

• Oversee all key elements of the Finance function including financial reporting, financial and management accounting, company tax and regulatory compliance, financial controls (budgeting, planning, forecasting, risk managements etc.), corporate finance, treasury, and the underlying management information systems utilized
• Provide strong leadership and ensure clear strategic objectives are in place
• Support the implementation and facilitation of relevant workshops and training courses
• Promote the organization’s core values and a strong team culture
• Manage the day to day performance, learning and development of the team, including one on one feedback sessions and conduct performance appraisals.

Requirements

• BSc / BA in Accounting, Finance etc.
• MSc, MBA Finance or relevant field.
• Relevant professional certifications e.g. Chartered Financial Analyst (CFA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA) or its equivalent is required.

Experience:

• At least 10 years post-qualification experience, 6 of which must have been spent in a senior managerial role in a financial organisation.

Skills / Technical Competencies:

• Finance Acumen
• Cost Optimization
• Budgeting and financial forecasting
• Financial Analysis and Interpretation
• Financial Accounting
• Financial Management
• Business planning and analysis
• Investment planning and portfolio management
• In depth knowledge of corporate financial law and risk management practices
• Financial reporting, modelling and analysis
• Treasury management, Tax planning / management
• Knowledge of relevant Accounting software & Proficient in the use of MS Office
• Governance, Risk and Control
• Leadership and Management
• Stakeholder relationship management
• Strategy, technology and innovation.

Application Closing Date
12th November, 2021.