Head, Financial Reporting and Control at Sunbeth Global Concepts (SGC)

JOB SUMMARY

The Head of Financial Reporting and Control at Sunbeth oil and gas, oversees daily accounting operations, establish tailored policies, and ensure accurate financial reporting. The role includes managing industry-specific tax compliance, addressing audits, and collaborating to optimize financial performance. Also, safeguard the company's interests, maintain regulatory compliance, and uphold Sunbeth reputation for integrity in the industry.

JOB DESCRIPTION

• Leadership and Oversight: Provide strategic leadership and direction to the accounts department, ensuring alignment with industry best practices and regulatory requirements. Oversee daily operations to maintain efficiency and accuracy in financial reporting and control processes.
• Development of Industry-specific Policies and Procedures: Establish and enforce proper accounting policies and procedures tailored to the unique operational and regulatory aspects of the oil and gas industry. Ensure adherence to relevant accounting standards and regulatory guidelines.
• Financial Reporting Excellence: Supervise the preparation of monthly and quarterly financial reports, including income statements, balance sheets, and cash flow statements, ensuring accuracy, completeness, and relevance to industry stakeholders.
• Payment Approval and Authorization: Review and approve payment requests in accordance with established controls and authorization limits, ensuring compliance with contractual obligations, budgetary constraints, and regulatory requirements.
• Tax Compliance and Reporting: Manage tax compliance activities specific to the oil and gas sector, including the computation, filing, and payment of Value Added Tax (VAT), Withholding Tax (WHT), Corporate Income Tax (CIT), and other industry-related taxes. Ensure timely submission of tax returns and compliance with regulatory obligations.
• Tax Audit Coordination and Resolution: Serve as the primary liaison with tax authorities during audits, responding to inquiries, providing documentation, and resolving issues in collaboration with internal and external stakeholders. Coordinate tax audit exercises and investigations, ensuring transparency and compliance with regulatory requirements.
• Risk Management and Mitigation: Conduct routine tax compliance checks and risk assessments on company transactions and financial activities. Identify potential areas of exposure and implement mitigation strategies to minimize tax-related risks and liabilities.
• Regulatory Compliance and Governance: Stay abreast of changes in tax laws, accounting standards, and industry regulations affecting the oil and gas sector. Ensure compliance with relevant regulatory requirements, including reporting obligations, licensing, and environmental regulations.
• Strategic Advisement and Decision Support: Provide financial insights and strategic advice to senior management based on analysis of industry trends, financial performance, and regulatory developments. Collaborate with cross-functional teams to support strategic initiatives and optimize financial outcomes.
• Ad Hoc Duties and Projects: Undertake special projects and assignments as directed by senior management or the Chief Financial Officer (CFO), demonstrating flexibility, adaptability, and a proactive approach to addressing emerging issues and opportunities within the oil and gas industry.

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 10 years of progressive experience in finance, accounting, or tax roles within the oil and gas industry, with a strong emphasis on financial reporting, tax compliance, and regulatory affairs.
• Comprehensive understanding of accounting principles, tax laws, and regulatory frameworks relevant to the oil and gas sector, including upstream, midstream, and downstream operations.
• Proven leadership and managerial skills, with the ability to inspire and motivate teams to achieve high performance and maintain a culture of excellence and integrity.
• Excellent communication and interpersonal skills, with the ability to effectively liaise with internal stakeholders, external auditors, tax authorities, and regulatory bodies.
• Analytical mindset with the ability to interpret complex financial data, identify trends, and provide strategic insights to support decision-making processes.
• Integrity, professionalism, and a commitment to upholding ethical standards in financial reporting, tax compliance, and regulatory affairs within the context of the oil and gas industry.