Head, Treasury at Oilserv Limited

Oilserv Limited is a leading provider of integrated engineering, procurement, construction, installation & commissioning (EPCIC) services and complementary solutions across the asset and program life cycle within the onshore, offshore and subsea market segments of the oil and gas sector. Oilserv Limited was incorporated in 1992 and commenced operations in 1995.

We are recruiting to fill the position below:

Job Title: Head, Treasury

Location: Port Harcourt, Rivers
Job type: Full-time

Job Summary

• To lead and manage the Group’s treasury function, ensuring optimal liquidity, funding, cash flow visibility, and financial risk management across all EPCIC operations.
• The role is responsible for safeguarding financial assets, optimizing capital structure, and supporting project execution through effective treasury planning and controls.

Job Responsibilities
Treasury Strategy & Governance:

• Develop and implement Group treasury strategy aligned with corporate objectives.
• Establish treasury policies, controls, and governance frameworks across all entities.
• Drive centralization of treasury operations where applicable (cash pooling, payment controls).

Cash Flow & Liquidity Management:

• Oversee Group cash flow planning, forecasting, and monitoring.
• Ensure adequate liquidity to meet operational and project funding requirements.
• Optimize working capital across projects and business units.

Project Financing & Funding:

• Structure and secure funding for EPCIC projects (bank facilities, project finance, trade finance).
• Manage relationships with banks, financial institutions, and lenders.
• Support bid and tender processes with financial input on funding strategies.

Banking & Relationship Management:

• Manage banking structure, accounts, and signatories across the Group.
• Negotiate banking facilities, fees, and service levels.
• Maintain strong relationships with local and international banks.

Financial Risk Management:

• Identify and manage financial risks, including FX, interest rate, and liquidity risks.
• Implement hedging strategies where appropriate.
• Monitor market trends and advise management on financial exposures.

Working Capital Optimization:

• Drive initiatives to improve cash conversion cycle (receivables, payables, inventory).
• Collaborate with Commercial and Project teams on billing, collections, and milestone payments.
• Monitor contract cash flow profiles and enforce discipline.

Treasury Operations & Controls:

• Oversee daily treasury operations, including payments, collections, and reconciliations.
• Ensure strong internal controls, segregation of duties, and fraud prevention mechanisms.
• Implement and manage treasury management systems (TMS).

Foreign Exchange & Trade Finance:

• Manage foreign currency exposures and cross-border payments.
• Oversee trade finance instruments (LCs, guarantees, bonds).
• Ensure efficient FX sourcing and cost optimization.

 Compliance & Reporting:

• Ensure compliance with financial regulations, banking covenants, and internal policies.
• Prepare treasury reports for executive management and the Board.
• Monitor compliance with loan agreements and covenants.

Team Leadership & Development:

• Lead and develop the Group treasury team.
• Build treasury capability across business units.
• Set performance objectives and ensure high standards of execution.

Requirements

• Bachelor’s Degree in Finance, Accounting, Economics, or related field.
• Professional certification (ACA, ACCA, CFA) required; ACT/CIT optional advantage.
• Must have 12–15 years’ experience in treasury or finance, preferably within EPC/EPCIC or oil & gas.
• Strong experience in project financing and banking relationships.
• Proven experience managing multi-entity treasury operations.

Benefits

• Pension
• HMO Cover
• Leave
• Etc.

Application Closing Date
1st July, 2026.

How to Apply
Interested and qualified candidates should:
Click here to apply online