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Chief Financial Officer (CFO) –Downstream At Fosad Consulting

Date Posted: 10/Sep/2013
Deadline: 30/Sep/2013

Company Description

Our client is one of the top notch oil and gas firm in Africa with a strong foothold in the west African region. They have contacted us to help them source for a Cheif Financial Officer to help them increase their internal process in their downstream subsidiary.

Job Description

This position is critical to the continued success of the growth trajectory of the downstream business (Marketing & Trading) in that it provides leadership in the areas of Financial & Strategic Planning, Financial Governance & Reporting, and Operational Excellence. The role also assists the CEO with relevant guidance on key business decisions which will impact the long term business growth and profitability.





  • Develops and articulate a comprehensive financial strategy for the business based on business growth and plans.
  • Monitors the present and future capital requirements of the organisation; reviews and periodically determines the long-and short-term financial objectives and policies and provides guidance/advice to Executive Management about all proposals concerning major financial policies ( dividend, fiscal and financing) of the Company, including but not limited to policies relating to the Company’s cash needs, shareholder distributions, share repurchases and investment
  • Liaises with external Financial Services organisation and investors as may be required, to ensure the business remains adequately funded in terms of Debts, Equity and Working Capital requirements.


  • Ensures the effective integration of the Company’s strategic plan with its trading activities and day-to-day operations and in so doing regularly interfaces with Strategic Business Partners to determine areas of mutual collaboration towards the achievement of goals.
  • Reviews operating results of the Company, compares with set objectives, identifies root causes of weak performance and ensures appropriate measures are taken to correct unsatisfactory results.
  • Oversees the adequacy and soundness of the organisation’s financial structure and manages local and international investor relationships; directs and coordinates the formulation of financial programs and funding for new/continuing trades and operations towards increasing productivity & optimising the use of capital, and maximising returns.
  • Monitors market trends, competitor activities & consumer preferences and positions.


  • 1st degree in Business Administration, Finance, Economics, Accounting or other related area.
  • An MBA is an advantage
  • 10 - 15 years cognate work experience in Financial / Management Accounting, the last 7 – 10 years must have been in management role in a reputable and structured business environment, preferably in a Nigerian or International Oil & Gas Company
  • Ability to network and form high profile relationships with key people in various parts of the economy (government, regulatory bodies, NNPC, DPR, key customer groups etc.)
  • Knowledge of trading (paper & physical)
  • Ability to influence the direction of national policy



  • Local and International Oil & Gas Industry History and Dynamics (including deep knowledge of laws and regulations)
  • Foreign Exchange and Money Markets
  • Business Analysis, Strategy Development and Execution
  • Paper & physical trading (Oil & Gas products)
  • Finance and Investment Management
  • Financial Management Accounting
  • Assets & Liability Management
  • Risk Management
  • Taxation
  • Entrepreneurial Skills
  • Negotiation and Contract Management (Legal)

Additional Information

  • Salary is Negotiable



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