Group Financial Controller at Adexen

Company

Our client is a leading Oilfield Equipment, Structural Steel and Marine Structures Engineering and Fabrication Company. Today, the Group plays a leading role in meeting the needs of the Oil & Gas, Telecommunications and Power Industries by supplying products and services to international standards, previously only imported.

Job description

• Overall responsibility for articulating and formulating appropriate strategies for the finance function in order to attain the corporate goals and objectives
• Responsible for providing leadership, guidance, overall management of the finance function and implementation of Group’s finance objectives, policies and procedures

Strategic

• Oversee and drive the finance function’s operational strategy, annual plans and programmes
• Ensure alignment of the function’s strategy with Group’s corporate strategy, goals and objectives
• Identify risks and long-term financial implications of intended corporate projects/ initiatives, and advise the Board accordingly
• Articulate, develop and implement strategies to ensure that funding requirements are proactively anticipated and met at a reasonable cost
• Oversee the process of financial planning, budgeting and forecasting
• Develop and maintain strategic relationships with key banks and other financial institutions
• Develop and review benchmarks for measuring the financial and operating performance of the various divisions that make up the Group
• Assess and report on trends and opportunities for expansion and make projections for future business growth

Operational

• Authorise expenditure/ transactions in line with the organisation’s approved authority limits
• Coordinate timely preparation, consolidation and reporting of monthly and annual financial statements and ensure they reflect the Group’s financial position and comply with statutory and regulatory requirements
• Manage the relationship with external auditors, regulatory bodies/authorities and financial management consultants
• Manage and develop framework for delegation of authority on financial issues and present to the Board for approval
• Provide timely, accurate and relevant financial information for decision making
• Articulate specific strategies for effectively identifying, assessing and controlling financial risks and maintain internal control systems to safeguard financial assets
• Ensure on-going incorporation of leading practices in the operations and activities of the department
• Periodically review key financial activity, management accounts and business performance reports and take appropriate action to ensure the organisation’s business objectives are achieved
• Ensure availability of adequate funding and cashflow management as required for business operations, in line with the Company’s financial policies
• Oversee preparation of financial analysis for contract negotiations and investment decision making purposes
• Manage capital budgeting process; periodically review business valuations and provide recommendations to the Board
• Ensure compliance with taxation requirements and achieve budgeted effective tax rate for the Company
• Establish robust financial controls, systems and procedures as necessary

Expectations

• Bachelor’s degree in Accounting or related discipline
• Professional accounting certification, e.g. ACA, ACCA, CPA, CFA, CIMA, or other relevant higher business degree
• Minimum of twelve (15) years cognate experience, of which at least four (4) years at senior management level
• Experience in oil and gas, engineering, fabrication, construction or other industrial sectors preferable
• Strong knowledge of project cost accounting, budgeting and budgetary control techniques
• Experience in strategic financial planning and analysis
• Extensive financial and accounting knowledge, including in depth understanding of finance best practices, international financial reporting standards (IFRS) and generally accepted accounting principles (GAAP)
• Demonstrable competence in financial management and administrative functions
• Knowledge of tax principles, local tax regime and legislations as well as their implications on the Company’s operations
• Good knowledge of modern financial/ accounting systems/ enterprise resource planning applications
• Strong organisational development skills including business analysis, problem solving, communication, consensus building and people development
• Excellent entrepreneurial orientation.
• Strong interpersonal and networking skills
• High ethical standards and integrity
• Excellent business presentation, documentation and analytical skills

Offer

• Attractive Expatriate package