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