CFO - UK Based OIL & GAS

Confidential
  • Ethiopia-Other
  • Confidential
  • 15-25 years
  • 713 Views
  • 24 Apr 2016
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  • Senior Management-Finance

  • Oil/ Gas/ Petrochemicals / Refinery
Job Description

DEPARTMENT: FINANCE

SUMMARY OF FUNCTIONS

Responsible for directing the fiscal functions of the company in accordance with generally accepted accounting principles and in accordance with financial management techniques and practices appropriate. The CFO provides both operational and financial support to the company.
Supervises the finance team and acts as the chief financial spokesperson for the company.
Reports directly to the Deputy Managing Director (DMD) and assists on all strategic and tactical matters as they relate to budget management, cost planning and benefit analysis, forecasting needs, cash flow management, financial internal process auditing and the management and securing of funding.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Work with the DMD on the strategic vision including fostering and cultivating stakeholder relationships.

Participate in developing new business, specifically: assist the MD and DMD in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.

Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and statutory audits.

Provide the DMD with an operating budget. Work with the DMD to ensure programmatic success through cost analysis support, and compliance with all contractual and compliance requirements.

This includes:

Interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines

Ensuring that all government regulations and requirements are disseminated to appropriate personnel, and Monitoring compliance

Oversee the management and coordination of all fiscal reporting activities for the company including: company revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of company and contract / grant budgets

Oversee all purchasing and payroll payment processing activities.

Attend Board and Subcommittee meetings; including being the lead staff on the Audit/Finance Committee.

Develop and maintain systems of internal controls to safeguard financial assets of the company. Oversee the coordination and activities of independent auditors ensuring all audit issues are resolved, and all compliance issues are met, and the preparation of the annual financial statements is in accordance with federal, state and other required supplementary schedules and information.

Monitor banking activities of the company.

Ensure adequate cash flow to meet the company's needs.

Serve as one of the trustees and oversee administration and financial reporting of the company's Savings and Retirement Plan.

Advice on cost-effective benefit plans and other fringe benefits which the company may offer employees and potential employees with the goal of attracting and retaining
qualified individuals.

Oversee the production of monthly reports including reconciliations with credit facility funders and pension plan requirements, as well as financial statements and cash flow
projections for use by Executive management, as well as the Audit/Finance Committeeand Board of Directors.

Assist in the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff.

Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.

Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds (computers, etc.) assuring all are in accordance with federal and
state regulations.

Foster and cultivate business opportunities and partnerships.
Recognize and be responsive to the needs of all customers of the company, including funding companies, banks, the Board of Directors and Management.

Oversee and supervise departmental staff including regular progress reviews and plans for improvement.

Plan, develop, organize, implement, direct and evaluate the company's fiscal function and performance.

Participate in the development of the company's plans and programs as a strategic
partner.

Evaluate and advise on the impact of long range planning, introduction of new programs/strategies and regulatory action.

Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports and financial trends in order to assist the Board, Management
and DMD in decision making.

Enhance and/or develop, implement and enforce policies and procedures of the company by way of systems that will improve the overall operation and effectiveness of
the company.

Establish credibility throughout the company and with the Board as an effective developer of solutions to business challenges.

Provide technical financial advice and knowledge to others within the financial discipline.

Continual improvement of the budgeting process through education of department managers on financial issues impacting their budgets.

Provide strategic financial input and leadership on decision making issues affecting the company; i.e., evaluation of potential alliances acquisitions and/or mergers and pension
funds and investments.

Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.

Develop a reliable cash flow projection process and reporting mechanism which includes minimum cash threshold to meet operating needs.

Be an advisor from the financial perspective on any contracts into which the Company may enter.
Evaluation of the finance department structure and team plan for continual improvement of the efficiency and effectiveness of the group as well as providing individuals with professional and personal growth with emphasis on opportunities (where possible) of individuals.

Accounts and monitors the operating expense budget, corporate revenue, corporate operating income and market capitalization

ORGANIZATIONAL RELATIONSHIPS

Reports to Executive Management and or Deputy Managing Director (DMD).

REQUIRED KNOWLEDGE, SKILLS, AND ABILITIES

Experience, Competencies and Education
A bachelor's degree in Finance at an accredited college or university.
A master's degree at an accredited college or university.
Certified Chartered Accountant (ACCA or its equivalent) is preferred.
Knowledge of general accounting principles
At-least 15years of financial and accounting management experience with the day-today
financial operations of a company.
At-least 7years of managerial experience

An experienced leader and financial executive with appropriate industry experience, preferably in the oil & gas field.
An energetic, forward-thinking and creative individual with high ethical standards and an appropriate professional image.
A strategic visionary with sound technical skills, analytical ability, good judgment and strong operational focus.
A well organized and self-directed individual who is "politically savvy" and a team player.
An intelligent and articulate individual who can relate to people at all levels of a company and possesses excellent communication skills.
A good educator who is trustworthy and willing to share information and serve as a mentor.
An excellent negotiator who is experienced in contracts.
A decisive individual who possesses a "big picture" perspective and is well versed in systems.

Language Skills:

Ability to read, analyze, and interpret the most complex documents.
Ability to respond effectively to the most sensitive inquiries or complaints.
Ability to make effective and persuasive speeches and presentations on controversial or complex topics to the Board and outside investors

PHYSICAL DEMANDS

While performing the duties of this job, the employee is occasionally required to stand; walk; sit;use hands to finger, handle, or feel objects, tools or controls; reach with hands and arms; climb stairs; balance; stoop, kneel, crouch or crawl; talk or hear; taste or smell.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth
perception, and the ability to adjust focus.

WORK ENVIRONMENT

Work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential
functions.
While performing the duties of this job, the employee is not exposed to weather conditions. The noise level in the work environment is usually moderate