• Vacancies In An Oil Services Company (Ascension)

  • Posted on: 1 April, 2014 Deadline: 14 April, 2014
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  • Our client, a small field operator in the Upstream Oil & Gas sector is seeking applications from qualified candidates for the position of General Manager - Finance/Chief Finance Officer.

    General Manager - Finance/Chief Finance Officer


    Department: Finance And Accounts
    Location: Lagos
    Position Type: Full-Time Employment
    Reports To: Managing Director

    Job Purpose
    The position is central to achieving business success through judicious use and application of financial resources: guidance in business planning and performance management and cost-effectiveness business operations

    Role & Responsibilities

    • Develops and implements effective financial strategies, controls framework and management systems to guide and support the Company's business operations,
    • Initiates and applies approved performance metrics related to the monitoring the financial health and cost-effectiveness of company operations, evidenced by the ability to provide fact-based updatesto the Board and Company Executive management
    • Liaise with other line managers, providing consultative support to planning initiatives through financial and management information analysis, reports, and recommendations,
    • Monitors the implementation of all business unit budgets in relation to actual expenditures and income, including the analysis of the quality and performance of ongoing activities in order to
    • proactively identify potential performance problems and prepare timely financial and performance reports to the Company's executive management
    • Provioes financial advice on the Company's short, medium and long term cash/funding risk situation to the company's CEO ad management.
    • Implements Board and Management financial policies in line with approved financial procedures and generally accepted Financial/Accounting practices and statutory requirements,
    • Coordinates the preparation of the Company's annual budgets. monitors and reports performance against targets,
    • Prepares periodic statutory and management information reports.
    • Oversees bank and creditor relationship management.
    • Develops and implements strategies for accessing and securing funds at cost-effective rates,
    • Develops and coordinates the implementation of Finance function performance targets and service standards via a Service Level Agreement
    • Manages foreign exchange risks and interest rate exposures and escalates issues to executive management
    • Presents monthly financial performance reports of the Company to the Executive management team,
    • Provides overall coordination and direction of all activities of the Company's Finance Function,


    • Leadership
    • Performance Management
    • Planning Control
    • Relationship Management
    • Supervision Coaching
    • Negotiation
    • Business Management
    • Proven Track Record


    • Decision support
    • Financial Management
    • Financial analysis and Modeling
    • Treasury and Corporate Finance
    • FinancialAccounting
    • ManagementAccounting
    • Tax Management
    • Investment and Portfolio Management
    • Budgeting and financial planning
    • Project finance
    • Investment planning
    • Performance Areas
    • Financial strategies, policies and standards
    • Annual budgets and performance
    • Business decision support
    • Performance monitoring evaluation
    • Balance sheet management
    • Treasury management
    • Implementation of an activity-based cost accounting system
    • Tax management
    • Payroll management
    • Bank and creditor relationships
    • Financial Reporting
    • Financial controls
    • Knowledge of raising debt capital
    • Knowledge and experience in launching company to capital market especially onshore/offshore oil & gas companies.

    Performance Measures

    • Company Profitability/Economic Value Added (ongoing goal) 30-50%
    • Timeliness
    • %, Budget variances
    • Management Information Reporting
    • Timeliness and accuracy
    • Achievement of targets
    • Optimization of asset turnover
    • Cash flow and liquidity position
    • Cost management
    • Level of tax burden, timeliness, exposure
    • Timeliness, accuracy, staff satisfaction
    • Cost of funds
    • Loan portfolio and conditions
    • Timeliness and accuracy of financial reports
    • Fraud levels
    • Financial Losses

    Academic Qualifications

    • Bachelor's degree in Finance, Accounting or any finance related course
    • A Master's degree in Business Administration preferably finance option

    Professional Qualifications

    • Relevant professional qualifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA).

    Working Experience

    • Minimum of 15 years post-graduation experience with at least 8 years at senior management level in the industry preferably starting career with the audit practice.

    Method of Application

    Interested applicants who meet these requirements should forward their applications to: info@ascensioncsng.com
    Only shortlisted candidates would be contacted. Please note that we do not charge candidates any fees in our recruitment process. APPLICATION DEADLINE: Applications must be submitted two weeks from advert date to be considered.

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