Chief Finance Officer at Andersen

Job Summary

Our Client, an oil and gas servicing and industrial catering company is looking to hire a Chief Finance Officer. The ideal candidate will be responsible for coordinating and ensuring the accurate preparation of the Group's Financial Statements, Budgets and Management Reports for Monthly, quarterly and annual reviews of performance. In addition, maintaining adequate records of the Group's financial transactions to show and explain the Group's transactions and financial positions.

Responsibilities

• Provide leadership and oversee the daily operations of the Accounts/Finance department.
• Budgeting, Forecasting, Cost & Credit Control, Margin Analysis, Costing & Profitability Analysis and Management Reporting.
• Conform to annual and growth budget figures and ensure that the finance department drives the operators within the approved budget limit.
• Create a master budget for the Group with support from other departments within the group.
• Plan and drive the day-to-day activities of the department 
• Ensure proper, accurate, timely and relevant financial records are maintained.
• Review all the postings in the different modules of SAGE and consolidate same to generate the Group’s monthly financial report.
• Ensure that financial implications of management decisions and policies are highlighted and implemented upon approval.
• Vet and authorize applicable financial documents in compliance with the authorization matrix and other policy documents of the Group.
• Maintain effective liaison with other departments within the group to enhance proactive decisions that are necessary for forecasting, planning and general management of the Group.
• Implement financial initiatives that enhance cost reduction and efficiency in the operations of the Group.
• Ensure that the finance department effects payment only on goods and services received that best meet the Group’s needs and standards.
•  Ensure financial transactions of the Group are processed, recorded, and reported in compliance with the applicable accounting standards and financial regulations.
• Support and advise the Executive Management Committee on finance and investment strategies.
• Cultivate and maintain healthy relations with our bankers, insurance companies, etc. that will enhance banking and financing operations such as bankers guarantee and service contract Performance bond arrangements; and source for funds to finance Group projects.
• Ensure that transparency, honesty, and accountability are embedded in your area of business.
• Ensure the Safety and confidentiality of all accounts/Finance Information and documents.
• Ensure monthly management and financial reports are accurate and available on time. 
• Hold weekly departmental communication and review meetings with team members/subordinates within the group.
• Provide vital financial information in support of commercials in the preparation by the Group of Bids/tenders.
• Support external auditors on interim and year-end audits. 
• Develop and implement seamless on-the-job training programs with support from HR and accounting software providers.
• Monitor and drive the day-to-day creditors' accounting activities of the Group. 
• Ensure complete SAGE Accounts payable transaction processing module implementation and competencies to be able to interface with the inventory accountant’s invoice and the vendor's invoices. 
• Receive, confirm, match, batch and post all Pos, invoices and Goods received notes (GRNs) relating to each creditor per Purchase or job Order to the Supplier’s ledger.
• Receive, confirm, match, batch and post all Job Orders/agreements with invoices and evidence of job performance/execution of services to the Accounts Payable, SAGE module.
• Reconcile Accounts Payable ledger to General Ledger and SAGE inventory and Cashbook reports.
• Age invoices to enhance sequential invoice payment.
• Raise and process Payment vouchers for invoices pre-payment auditing and payment.
• Schedule invoices for payment liaising with Treasury Accountant. 
• Keep track of all prepayments and ensure they are correctly posted to the PREPAID ACCOUNT and periodically reconcile the same at least monthly.
• Alert management on bad credit management practices noticed and initiate actions to mitigate possible losses.
• Other duties as may be assigned by the Board of Director

Requirements

• BSC/HND in Accounting 
• MSC/MBA in  Finance.
• Professional Certification in Accounting and Taxation is Compulsory. 
• A minimum of 15-20 years of proven experience in the field of accounting with 5 years in a senior management position.

COMPETENCIES

• Excellent knowledge of budgeting and taxation. 
• Excellent Financial, Cost Management, Leadership, Advisory, and Accounting Analytical skills. 
• Good communication skills both oral and written, with excellent exposition on ERP system.