Finance Manager at Sunbeth Global Concepts (SGC)

JOB SUMMARY

The Finance Manager holds a critical position in ensuring the financial integrity, compliance, and strategic financial management of Sunbeth Oil and Gas operations. This role requires specialized knowledge of financial regulations pertinent to the oil and gas sector, along with strong leadership skills to guide financial decision-making in a dynamic and complex industry environment.

JOB DESCRIPTION

• Financial Reporting and Analysis: Oversee the preparation of accurate and timely financial reports, including income statements, balance sheets, and cash flow statements, to provide insights into the company's financial performance and support strategic planning.
• Tax Compliance and Management: Ensure compliance with industry-specific tax regulations and manage tax obligations effectively, including corporate income tax, royalties, production taxes, and other regulatory levies. Coordinate tax audits and provide necessary documentation to tax authorities.
• Treasury and Cash Management: Develop and implement cash flow forecasting models to optimize liquidity management and ensure adequate funding for operational requirements. Manage treasury operations, including banking relationships, cash disbursements, and risk mitigation strategies.
• Capital Management and Asset Valuation: Oversee the management of fixed assets, including exploration and production assets, and ensure accurate valuation and accounting treatment. Conduct periodic reviews of asset portfolios and investment projects to support capital allocation decisions.
• Financial Control and Governance: Establish and maintain robust financial controls and governance frameworks to mitigate risks, safeguard assets, and ensure compliance with internal policies and external regulations, including Sarbanes-Oxley Act (SOX) requirements.
• Budgeting and Forecasting: Collaborate with operational teams to develop annual budgets and long-term financial forecasts aligned with business objectives and industry trends. Monitor performance against budgetary targets and variance analysis to identify areas for improvement.
• Team Leadership and Development: Lead and mentor the finance team, fostering a culture of excellence, accountability, and continuous learning. Provide guidance and support to develop the team's technical skills and industry expertise.
• Strategic Financial Planning: Contribute to strategic planning initiatives by providing financial insights, scenario analysis, and risk assessments to support decision-making at the executive level. Evaluate investment opportunities and capital projects to maximize shareholder value and ensure sustainable growth.
• Ad Hoc Responsibilities: Undertake special projects or ad hoc assignments as directed by senior management to address emerging issues, capitalize on opportunities, or support strategic initiatives in the oil and gas sector.

JOB EXPERIENCE

• Bachelor's degree in Accounting, Finance, or a related field. Professional certification such as CPA, ACCA, or CIMA is highly desirable.
• Minimum of 7-10 years of progressive experience in finance and accounting roles, with a significant portion of experience in the oil and gas industry.
• In-depth knowledge of financial reporting standards, tax laws, and regulatory requirements specific to the oil and gas sector, including revenue recognition, cost recovery, and depletion accounting.
• Strong analytical skills and proficiency in financial modeling and analysis, with the ability to interpret complex financial data and provide actionable insights.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and senior stakeholders.
• Proficiency in financial software and ERP systems commonly used in the oil and gas industry, such as SAP, Phlo, Oracle, or Microsoft Dynamics.
• Strategic mindset with the ability to anticipate industry trends, evaluate risks, and develop innovative solutions to financial challenges in a volatile market environment.
• Leadership qualities with a track record of building and managing high-performing teams, driving change, and fostering a culture of excellence and integrity within the finance function.