Chief Finance Officer in an Energy Company

Our client is a dynamic and successful energy oriented company. The company has vast technical expertise in working out

capacity augmentation, renovation and modernization of power substations. The company has managed major substation projects for both Federal and State governments. They now have an opening for a Chief Finance Officer for a power plant. The role is based in Delta State, Nigeria

Chief Finance Officer

 

Job Profile

The role holder shall be required to adhere to Good Business Practice in the exercise and performance of the powers, authority, duties and responsibilities conferred upon him by the Board of Directors. The role requires sound knowledge of Finance relating to Power Utility Practices, with the ability to develop close working relationships with all stakeholders.

Key Responsibilities

General Business

• Direct and coordinate all Accounting/Finance functions and activities of the company in order to ensure the smooth and efficient running of the Department


• Ensure compliance with statutory authority and audit requirements


• Maintain integrity of Accounting system (software), ensuring it remains effective and operational at all times


• Ensure all taxation and legislative requirements are complied with at all times


• On a monthly basis conduct balance sheet reconciliation for review by Directors


• Where inconsistencies in reconciliations emerge, take remedial actions or refer to relevant personnel as appropriate


• Update “chart of accounts” monthly to reflect account management activities


• Provide assistance and direction to the business entities regarding financial matters

Finance Administration

• Ensure the monthly reconciliation of all ledgers and sub-ledgers


• Ensure daily on-line reconciliation of bank accounts across the various Banks


• Analyse weekly business performance/results on an outlet by outlet basis, providing feedback to Senior Management


• Review asset position comparing figures with financials, advice management on optimum stock levels at branch and warehouse


• Track and monitor daily revenue for accuracy, verifying it against Bank takings


• Suggest and where approved, implement cost management strategies


• Ensure monthly accruals are adjusted to meet demands of the business


• On a monthly basis monitor and track debtors to ensure they are consistent with contract conditions


• In conjunction with Directors, source and identify finance providers at competitive rates


• In conjunction with IT Systems Administrator, coordinate and implement upgrades to Peachtree, providing necessary information/training to direct reports

Budgeting/Forecasting and Reporting

• Co-ordinate and prepare business plan financial forecasts, annual/monthly budgets, including operating and capital expenditure budgets


• Ensure the accurate preparation/reporting of monthly/weekly financial results in strict accordance with Company deadlines


• Where required, provide assistance/direction to managers with regards to the preparation of budgets


• Ensure approved capital expenditure budgets are adhered to at all times


• Collate all relevant information to produce end of year statutory accounts for the company


• Ensure that end of year statutory accounts report is finalized by specified date and presented to Directors for review


• On an annual basis prepare “budget reports” for review by Directors.


• On a monthly basis track and review expenditure against set budgets providing Directors with a Budget Inconsistencies Report

Asset Management

• Ensure all company assets are monitored and accurately accounted for


• Ensure the fixed assets register is managed and maintained with strict adherence to fixed assets register procedure


• On a monthly basis ensure the general ledger is reconciled to the assets register

People Management

• Make self-available as coach/mentor in assisting direct reports to develop in their positions


• Ensure that relevant information is communicated to direct reports enabling them to effectively carry out their functions


• Delegate tasks to direct reports in line with skill, knowledge and ability and identify skill gaps and training requirements


• As required, become involved in relevant personnel matters including recruitment, induction, development, performance management, counselling/disciplinary and termination


• Complete KPI assessment of direct reports within Company specified time frame


• Ensure all reasonable steps are taken in order to achieve workplace harmony within the organization at all times.

Key Requirements

• Bachelor’s degree in Accounting or Finance related discipline


• ACA/ACCA is a must. 


• FCA/FCCA is an added advantage


• Minimum 10 years experience in a structured organization, 5 years of which must be in a managerial capacity 


• 5 years experience in Investment Banking or Project Finance


• Experience in a fast growing company or in the Energy or Power sector is an advantage


• Experience with ERP Software tools


• Impressive Excel skills


• Proven presentation skills to both finance and non-finance individuals


• Passion for working with the business to achieve key goals


• A critical thinker with high attention to detail


• Strong commercial acumen


• Demonstrated process improvement


• Extraordinary interpersonal and communication skills

Note: If you have less than 10 years experience you will NOT be contacted

Method of Application

Chief Finance Officer in an Energy Company