Oando Nigeria Plc is recruiting to fill the position
of Head of Finance.
Job Title: Head of Finance
Summary
The Head of Finance works with the EDCD, to ensure
delivery of financial strategy development and execution in Oando Gas &
Power, and is responsible for ensuring the integration of both operational and
financial measures aimed at efficiency, growth and profitability of the
business in the long-term. The position
incumbent has charge of day-to-day finance and accounting transactions and
ensures effective Treasury (Assets & Liabilities management) and liquidity
positions are maintained. The incumbent works closely with the EDCD to design,
lead, monitor and review the execution of all capital funding, capital
allocation and financing transactions that are either being assessed or
undertaken by OGP. Budgeting, financial performance
monitoring and reporting are also key responsibilities of the function.
The role is responsible for tracking (and/or
developing), managing and reporting on the financing and expenditure profile of
the Gas Sale and Purchase Contracts, Power Purchase Agreements, and other forms
of products offerings of subsidiary companies under OGP, while ensuring
rigorous adherence to approved targets, goals and timelines, and taking
decisions as regards the financing of the project, as may be necessary to keep
the work program fully on track. http://univers-emploi.blogspot.com/
In addition, the Head of Finance will play a support
role to the EDCD in representing OGP’s and subsidiary companies’ interests in
all investment and financial decisions, and in presentations and meetings
related to the promotion, development, funding, delivery and evaluation of
OGP’s and subsidiary companies’ operations within approved policy and authority
limits. To this end the incumbent is
expected to effectively manage the acquisition, use, maintenance and disposal
of all capital and financial assets of the Company. http://univers-emploi.blogspot.com/
Finally, the position incumbent ensures OGP is
continually able to attract retain and motivate high performing employees and
also ensures day-to-day office operations are effective and efficient.
Specific Duties &
Responsibilities
Strategic
- Develops and
articulates a comprehensive Financial and Risk Management strategy for OGP.
- Acts as
chief advisor and strategist providing needed support to the EDCD, and MD/CEO,
with respect to the identification of Financial risk, and the resolution of
attendant issues. http://univers-emploi.blogspot.com/
- Liaises with
external Financial Services organisations, as may be required, to ensure the
business remains adequately funded in terms of Debt, Equity and Working Capital
requirements.
- Expands
OGP’s outreach activities and referral networks to ensure valuable and
effective financial partnerships and alliances are forged that facilitate OGP’s
growth and business expansion requirements over time.
- Ensures that
he/she designs/adopts appropriate financial strategies and Instruments to
ensure that the constant stream of business development opportunities is
adequately funded/financed. In this role the incumbent will be a subject matter
expert, with considerable hands-on experience/exposure.
- Ensures the
existence of adequate and effective Human Resource Management systems, policies
and processes that aid the motivation and performance development of employees
Operational
- Leads the
formulation and execution of OGP’s corporate level investment and financial
management/financing programs for enhancing business growth and operating
efficiency.
- Defines
financial targets (cash flow, required return on capital) and ensures the
sourcing of external debt and equity financing required to support the
long-term growth and stability of the Company.
- Establishes
and maintains an effective financial management framework covering treasury,
tax planning, financial control and management information systems (MIS)
processes and which support OGP’s mission and business objectives and enable
the effortless production of relevant periodic reports. http://univers-emploi.blogspot.com/
- Ensures the
effective integration of the Company’s strategic plan with its financial
management strategies and in so doing regularly interfaces with the Oando Plc
Corporate Head Office as well as individual operating entities within the Group
to determine areas of mutual collaboration towards the achievement of Group
financial and business objectives.
- Develops and
implements effective Finance and Accounting systems, processes, procedures and
policies which provide effective controls in the deployment and utilisation of
capital and assets.
- Manages the
budgetary process to ensure all budgets adequately reflect periodic resource
requirements and revenue estimates for the business; co-ordinates the periodic
financial performance monitoring and reporting activities of the Company.
- Approves all
finance & accounting transactions and ensures processes/procedures are
effective and comply with regulatory and statutory requirements; monitors the
Company’s financial books/position and signs off on any adjustments to ensure
effective controls. http://univers-emploi.blogspot.com/
- Ensures the
provision of timely, comprehensive and accurate Management Accounts that enable
decision making processes.
- Manages
OGP’s Assets and Liabilities position to ensure current knowledge of the
Company’s cost of funds and product pricing requirements; oversees regular
banking and treasury transactions and ensures adequate funds/liquidity levels
are maintained to support daily business operations. Ensures surplus funds are properly
invested.
- Supervises
the preparation and dispatch of periodic statutory returns to regulatory
authorities as required.
- Effectively
manages the Company’s asset, debt, cost and profitability position and
establishes an appropriate framework for the prompt rendition of returns to
Investors, and for repayments of debt (monitors/manages facilities with
financial institutions).
- Effectively
manages Company Taxes and works through OGP’s leadership and management team to
reduce costs, enhance revenues, achieve effective utilisation of capital and
attain projected IRR/ROC targets. http://univers-emploi.blogspot.com/
- Where
appropriate, represents OGP to the external Financing community through
effective communications, participation in Project Financing workshops and
other events.
- Reports
known contraventions of statutory regulations and/or Group policy to the EDCD
and MD/CEO.
- Plans and
coordinates the activities of statutory examiners and manages relevant 3rd
party relationships (e.g. with bankers and regulatory authorities).
- Responds to
Audit/Examination queries as may be required from time to time.
- Ensures the
creation and definition of appropriate Divisional capital allocation policy
based on strict adherence to balance sheet management
-
- Works
closely with the EDCD to lead, monitor and review the execution of all capital
funding transactions that are either being assessed or undertaken by the Group
- Performs
other assigned duties as delegated by the EDCD from time to time.
Qualifications & Experience
Professional Accreditation (ACA)
10 – 15
years cognate work experience as a Financial Controller, Financial or
Management Accountant, the last 5 of which must have been in a Senior
Management role within a reputable and structured business environment
Knowledge & Skills Required
- Oil &
Gas Industry Dynamics
- Foreign
Exchange and Money Markets
- Business
& Financial Strategy Development and Execution
- Gas Plant
& Pipeline Operations
- Advanced
Accounting
- Finance
& Investment Management
- Project
Finance
- Taxation
- Assets and
Liabilities Management
- Networking http://univers-emploi.blogspot.com/
- Negotiation
- Business
Performance Monitoring
- HRM systems
& policies
- Creativity
& Innovation http://univers-emploi.blogspot.com/
- Organisation/Administration
- Relationship
Management
- Leadership/Supervisory
- Political
Savvy http://univers-emploi.blogspot.com/
- Team playing
- Oral &
Written Communication
- PC
Utilisation
Application Deadline
How To Apply
Interested and qualified candidates should visit
following link:
Note: Candidates
must first register with Oando Career portal before application. if you have
registered before, just login when the page opens, otherwise just click “Click
here to Register” at the Oando Career Portal. http://univers-emploi.blogspot.com/
Registration is free.
