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CFO - Oil & Gas Downstream

Apply now Job no: 972775
Work type: Full time
Location: Nigeria
Categories: Banking & Finance, Management Opportunities, Oil & Gas

  • 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 investments
    • Oversee 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 invested
    • Liaise 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-making
    • Ensure all capital and operating expenditure are within budget and in line with relevant approvals
    • Manage the budget, monitor budget implementation, highlight deviations and recommend appropriate interventions
    • Keep 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 resources
    • Regularly monitor company’s cash flow position to anticipate and provide operational liquidity requirements
    • Identify and deploy cost saving initiatives. Develop and implement cost control/ management strategies and system to ensure optimal utilisation of available financial resources
    • Assist with resource prioritization and allocation
    • Monitor and manage financial and related risks
    • Provide and interpret financial information for practical application, to guide operations across departments and the organization
    • Oversee 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 applicable
    • Establish and maintain good working relationships with banks and other financial institutions and tax institutions
    • Prepare winning presentations and proposals to investors/financiers for debt/equity capital raising efforts
    • Conduct 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 procedures
    • Develop and implement policies and procedures to identify, resolve and document accounting issues, as well as procedures to drive efficient, accurate closing and reporting
    • Manage 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 reporting
    • Facilitate and coordinate the preparation of year end closing and financial statements
    • Review monthly accounting close process; conduct analytical review of the monthly operating results
    • Co-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 target
    • Review monthly financial statements and other informational reports.
    • Participate in Board and Annual General Meetings as required; prepare management and other relevant reports for these meetings
    • Supervise the upkeep and management of company’s fixed assets and stock inventory
    • Ensure ample and proper documentation of all financial information and documents by maintaining an orderly and easy retrieval filing system
    • Maintain a robust system of accounting controls

    Tax Management

    • Develop strategies to defer, minimize the company’s tax liability within the confines of the laws
    • Monitor and ensure complete and accurate tax accounting and compliance
    • Advice and ensure that the company complies with periodic tax payment, information reporting, and other statutory and regulatory tax requirements
    • Coordinate 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.

    Job Requirements


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


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


Advertised: W. Central Africa Standard Time
Applications close: W. Central Africa Standard Time

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