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Vacancies In The Upstream Oil & Gas Sector

Date Posted: 01/Apr/2014
Deadline: 14/Apr/2014

Our client, a small field operator in the Upstream Oil & Gas sector is seeking applications from qualified candidates for the position of General Manager - Finance/Chief Finance Officer.

General Manager - Finance/Chief Finance Officer

Department: Finance And Accounts 
Location: Lagos 
Position Type: Full-Time Employment 
Reports To: Managing Director 

Job Purpose 
The position is central to achieving business success through judicious use and application of financial resources: guidance in business planning and performance management and cost-effectiveness business operations 

Role & Responsibilities

  • Develops and implements effective financial strategies, controls framework and management systems to guide and support the Company's business operations,
  • Initiates and applies approved performance metrics related to the monitoring the financial health and cost-effectiveness of company operations, evidenced by the ability to provide fact-based updatesto the Board and Company Executive management
  • Liaise with other line managers, providing consultative support to planning initiatives through financial and management information analysis, reports, and recommendations,
  • Monitors the implementation of all business unit budgets in relation to actual expenditures and income, including the analysis of the quality and performance of ongoing activities in order to
  • proactively identify potential performance problems and prepare timely financial and performance reports to the Company's executive management
  • Provioes financial advice on the Company's short, medium and long term cash/funding risk situation to the company's CEO ad management.
  • Implements Board and Management financial policies in line with approved financial procedures and generally accepted Financial/Accounting practices and statutory requirements,
  • Coordinates the preparation of the Company's annual budgets. monitors and reports performance against targets,
  • Prepares periodic statutory and management information reports.
  • Oversees bank and creditor relationship management.
  • Develops and implements strategies for accessing and securing funds at cost-effective rates,
  • Develops and coordinates the implementation of Finance function performance targets and service standards via a Service Level Agreement
  • Manages foreign exchange risks and interest rate exposures and escalates issues to executive management
  • Presents monthly financial performance reports of the Company to the Executive management team,
  • Provides overall coordination and direction of all activities of the Company's Finance Function,


  • Leadership
  • Performance Management
  • Planning Control
  • Relationship Management
  • Supervision Coaching
  • Negotiation
  • Business Management
  • Proven Track Record


  • Decision support
  • Financial Management
  • Financial analysis and Modeling
  • Treasury and Corporate Finance
  • FinancialAccounting
  • ManagementAccounting
  • Tax Management
  • Investment and Portfolio Management
  • Budgeting and financial planning
  • Project finance
  • Investment planning
  • Performance Areas
  • Financial strategies, policies and standards
  • Annual budgets and performance
  • Business decision support
  • Performance monitoring evaluation
  • Balance sheet management
  • Treasury management
  • Implementation of an activity-based cost accounting system
  • Tax management
  • Payroll management
  • Bank and creditor relationships
  • Financial Reporting
  • Financial controls
  • Knowledge of raising debt capital
  • Knowledge and experience in launching company to capital market especially onshore/offshore oil & gas companies.

Performance Measures

  • Company Profitability/Economic Value Added (ongoing goal) 30-50%
  • Timeliness
  • %, Budget variances
  • Management Information Reporting
  • Timeliness and accuracy
  • Achievement of targets
  • Optimization of asset turnover
  • Cash flow and liquidity position
  • Cost management
  • Level of tax burden, timeliness, exposure
  • Timeliness, accuracy, staff satisfaction
  • Cost of funds
  • Loan portfolio and conditions
  • Timeliness and accuracy of financial reports
  • Fraud levels
  • Financial Losses

Academic Qualifications

  • Bachelor's degree in Finance, Accounting or any finance related course
  • A Master's degree in Business Administration preferably finance option

Professional Qualifications

  • Relevant professional qualifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA).

Working Experience

  • Minimum of 15 years post-graduation experience with at least 8 years at senior management level in the industry preferably starting career with the audit practice.

Method of Application

Interested applicants who meet these requirements should forward their applications to: [email protected] 
Only shortlisted candidates would be contacted. Please note that we do not charge candidates any fees in our recruitment process. APPLICATION DEADLINE: Applications must be submitted two weeks from advert date to be considered.

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