Position Identification:
Job Title:
Chief Financial Officer
Reports to:
Managing Director
Department:
Finance & Accounts
Section:
Management (FA)
Band:
5
Grade:
A - E
Terms of Reference:
Education& Skills
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Chartered Accountancy
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Master in Finance or MBA, a plus
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Relevant Functional Skills & Expertise.
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Computer literacy with good IT skills.
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Excellent leadership skills. Resource & People Management.
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Strategic Thinking & Decision Making.
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Strong Analytical Skills.
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Excellent Communication &Presentation Skills.
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Financial modeling (i.e. discounted cash flow).
Experience
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Minimum 15 years functional experience with minimum 5 years as CFO with a multinational company in the oil & gas industry (downstream).
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International experience and Africa a plus.
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Good experience of working in an ERP environment like SAP, Oracle, Microsoft Dynamics systems.
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Change management and transformation.
Job Specification:
Scope
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Overall accountability of Finance & Accounts function with specific focus on business strategy, investment plans, developing portfolio strategy, setting operational financial direction, reviewing and evaluating operating mechanisms, etc.
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Includes lead supervisory and managerial roles.
Job Specific Comments
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Providing leadership to Finance &Controlling and IT function.
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Providing a support service by working with all departments and the management team to help making financial decisions, as well as coordinating intercompany financial activities.
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Provide the Group with all financial requirements on a timely and accurate basis
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Responsible for making strategic decisions, investment plans, financial planning/budgeting/ reporting, developing financial aspects of 3 year Annual Operating Plan (AOP), capital expenditure plan and cost control including P & L and cost centers responsibility.
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Analyzing Balance Sheet, P & L accounts, and cost centers.
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Keeping all relevant records, archives, and legal documents in a proper manner
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Prepare timely monthly MIS reports with sound analyses and variance explanations, and send it to the Group timely.
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Prepare timely annual accounts and ensure timely finalization of audits.
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Manage the working capital with the clear mandate to improve stock management and reduce stock levels, reduce Accounts Receivables & reduce finance costs.
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Manage all company taxes and ensure compliance
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Responsible for Business Intelligence (BI) by integrating cross-functional business activities and transactions thru’ IT solutions. Designing IT strategies and infrastructure/services plan.
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Forecasting the funding requirements, assess its impact on the Balance Sheet and Cash Flow,monitoring bank overdrafts limits, and proper cash and treasury management.
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Prepare complete and meaningful presentations for various funds requirements.
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Financial planning of new projects (Capex, acquisitions, new products, expansion, etc).
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Reviewing and analyzing Internal Audit observations and deciding corrective actions on it.
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Setting and monitoring Finance &Controlling and IT functionsgoal and objectives in line with organizational objectives.
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In coordination with the Internal Audit Manager, enhancing and monitoring the Internal Audit policies and procedures.
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Coordinating internal and external audits.
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In coordination with Group Treasury, monitoring currency exposure and the currency risks.
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Monitoring financial statutory requirements and compliances, etc.
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Monitoring legal cases pertaining to Finance & Accounts function (such as doubtful debts).
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Control and ensure appropriate operational costs and overheads.
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Participating actively in management meetings and discussion on business strategy.
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Understanding Company’s new and modified business avenues, modal, strategy, etc., and aligning Finance & Controllingand IT functions with them.
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Organizational development thru’ leadership development plans, succession planning, etc for critical positions in the department.
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Developing, training Finance & Controlling staff.
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Implementation and maintenance of quality systems and continuous improvement methodologies with specific focus on growth, cost reduction and process improvements.
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Any other job which may be assigned by the management from time to time.