Head of Finance at a Leading Energy Company - The People Practice

The People Practice - Our client, a leading Energy / Power Company is recruiting to fill the position below:

Job Title: Head of Finance

Location: Lagos
Employment Type: Full-time

Responsibilities

Financial Leadership:

• Develop and implement long-term financial strategies aligned with the company's overall objectives.
• Oversee the preparation of annual budgets, financial forecasts, and cash flow projections.
• Analyze financial performance, identify trends and risks, and provide strategic recommendations to the MD/CEO and leadership team.
• Ensure adherence to accounting principles (IFRS) and maintain strong internal controls.

Treasury Management:

• Manage the company's cash flow, ensuring sufficient liquidity to meet operational needs.
• Develop and implement strategies to manage risk associated with foreign currency fluctuations and interest rates.
• Secure financing for growth initiatives and capital expenditures through relationships with banks and other financial institutions.

Financial Planning & Analysis (FP&A):

• Provide financial analysis and insights to support business development, project evaluation, and strategic decision-making.
• Develop and implement performance metrics to track progress towards financial goals.
• Work closely with the Business Development and Contract Management departments to assess the financial viability of new projects.

Financial Reporting & Compliance:

• Oversee the accuracy and timeliness of financial reporting, ensuring compliance with all regulatory requirements.
• Manage the external audit process and maintain strong relationships with external auditors.
• Develop and implement strategies to minimize tax liabilities.

Team Leadership:

• Provide strategic direction and leadership to the financial planning & budgeting officer, and accountant.
• Foster a culture of professionalism, accuracy, and continuous improvement within the finance department.
• Develop and mentor the finance team, ensuring a strong talent pipeline for the future.

Qualifications

• Chartered Accountant or equivalent professional designation (ACA/ACCA, ACS, ACTI, CFA).
• Minimum of 10 years cognate experience (at least 5 of this must be in a senior financial leadership role within the oil and gas services or a similar industry).
• Proven track record of success in developing and implementing financial strategies that drive growth and profitability.
• Experience with financial reporting, modelling, forecasting, controls, and risk management practices.
• Strong understanding of IFRS accounting principles, financial reporting standards, and regulatory requirements.
• Proficiency in relevant industry software applications (e.g., account management, modelling, and budgeting tools).
• Strong understanding of financial risk management practices.
• Ability to identify, assess, and mitigate financial risks.
• Knowledge of enterprise resource planning (ERP) systems and financial reporting software.
• Strong financial literacy and understanding of cost analysis.
• Extensive Capital allocation and management experience

Must have skills:

• Must have excellent communication, interpersonal, and presentation skills.
• Must poses strong decision-making and problem-solving skills.
• Ability to collaborate effectively with other departments and senior leaders.
• Proven ability to lead and motivate cross-functional teams.
• Must have the ability to translate business objectives into actionable plans.
• A strong etiquette of confidentiality
• Must have excellent negotiation skills to deal with banks, lenders, and other external stakeholders.

Application Closing Date
12th June, 2024.

How to Apply
Interested and qualified candidates should:
Click here to apply online