Project Finance & Control Manager at Oilserv Limited

Oilserv Limited is a leading provider of integrated engineering, procurement, construction, installation & commissioning (EPCIC) services and complementary solutions across the asset and program life cycle within the onshore, offshore and subsea market segments of the oil and gas sector. Oilserv Limited was incorporated in 1992 and commenced operations in 1995.

We are recruiting to fill the position below:

Job Title: Project Finance & Control Manager

Location: Rivers
Employment Type: Full-time

Job Summary

• The Project Finance Manager is overall responsible for the finance contribution in a project. He/she will cover finance support for the full Technical, Economics, Commercial, Organisational & Political (TECOP) spectrum and is single point accountable for the integrity of all financial data for the project. 
• He/she drives the messages coming out of these data on behalf of the project so value/risk-based decisions can be made. The PFM is the custodian of the overall Governance and performance framework. 
• The role provides support, advice and challenge with a target towards value & Top Quartile delivery throughout the full lifecycle of their project.
• The PFM has the lead finance role in the project and drives full integration of all finance matters. 
• He/she is the custodian of the risk-based financial and business control framework and all mandatory finance processes & standards of a project and ensures an early warning system is in place for all finance disciplines.
• The PFM has a pro-active responsibility to support continuous finance functional improvement, embed and share internal & external learning’s. 
• The PFM drives ongoing ESSA, from the implementation of standardization opportunities to eliminating activity and the promotion of cost reduction opportunities.

Job Details
Governance, Risk and Assurance (Lead):

• Ensure a robust risk based internal control and response framework and support a culture of ethics. 
• Ensure Finance fully complies with Oilserv Controls Framework , including Manual of Authorities (MoA) and Project Control Procedures (PCPs) 
• Aggregate project specific risk management tools and relevant external factors in the venture risk & opportunity management 
• Assure a risk-based project assurance plan is in place. 
• Coordinator and executor of internal, stock and contractor financial stability audits 
• Make suggestions to audit plans and coordinate agreed financial audit activities 
• Ensure full use of the enabling ERP strategies, standard systems, business improvement through ERP usage 

Planning, Target Setting, & Budgeting (Lead):

• Accountable for facilitating business planning (strategic & operational), target, and budgeting processes 
• Accountable for the financial integrity and challenge of the strategic & commercial sensitivities 
• Provide assurance on costs and budget assumptions 
• Owner of all costs data, assure correct cost classification and latest expenditure profiles are used 

Performance Management and Appraisal (commitments, actuals, Latest Estimate) (Lead):

• Accountable for the project LE & drive the performance appraisal review and associated messages 
• Accountable for quality assurance of performance management, budget monitoring & appraisal processes 
• Accountable for accuracy and quality of Project Delivery Reporting 
• Ensure ongoing focus on value delivery and KPIs (benchmarking/TQ initiatives) 
• Partner with CP on RtP process, including contract commitments & budget controls 
• Ensure compliance with the contingency & allowance release process 
• Ensure finance representation on Management of Change and Contingency & Budget release Panel 
• Ensure process for and full compliance with costs recovery guidelines and KPI’s 
• Accountable for finance support and sign off of all internal and external reporting prior to communication 
• Champion costs management and proactively support PM in the embedding of a costs focused organisation. Assure realized cost savings are made transparent and banked 

Commercial (Support):

• Provide timely challenge and support to commercial strategies in a competitive context and pursue adequate project/ venture responses 
• Sound understanding of and compliance with agreements 
• Represent Finance (support & interface) in commercial discussions on the project 

Economics (Support):

• Ensure the quality of the finance, supply/demand & commercial assumptions to enable objective appraisal of opportunities. 
• Ensure that the risks and opportunities are correctly reflected in the project economics 

Supply Chain Management (Support):

• Finance provides timely support to the development and evaluation of supply chain strategies 
• Provide broad support on all financial aspects of management and implementation of contracts and counterparties throughout the contracting cycle. This also includes sign of on third party spend savings 
• Provide finance support to all CP and chair project contract board 
• Member of claims committee, and provide support to Management of insurance claims 

Accounting (Lead):

• Ensure reliable inputs to project and financial accounting for Group and fiscal purposes, incl. capital and fixed asset accounting and reliable recording of commitments, claims and value of work done (VOWD) 
• Responsible that project (financial) results are correctly and timely recorded & reported in ERP system 
• Ensure monthly and quarterly financial reporting processes are timely and accurately completed 

Treasury / Cash management/Insurance (Lead):

• Ensure implementation of the Oilserv Treasury guidelines and set project hedging and insurance strategy 
• Maximize and protect shareholder value through professional management of monetary assets (cash, investments), payment policies, liabilities (loans), guarantees, dividend policy and FX exposure 
• Responsible for facilitating timely flow of funds to and from Oilserv and its partners in the project 

Functional Integration (Lead):

• Ensure optimal collaboration and integration of Oilserv Group functions & disciplines to drive max value and cash for the Oilserv Group: Risk & Insurance, Tax (Taxation & Corporate Structure), Legal, Finance operations 

HR (Lead):

• Ensure a fit for purpose finance organisation (in line with Finance Projects guidelines) and compliance with HR processes 
• Mentor, coach and develop next generation of Project Finance leaders

Requirements
Quality, Health, Safety & Environment:

• Drive compliance with Occupational Health, Safety, Quality and Environmental Policies, processes, procedures and applicable laws/legal requirements across Oilserv business.
• Take responsibility for their health & safety and those of stake holders across Oilserv business.

Benefits

• Great work culture and multiple opportunities for growth and self-development. 
• 26 days of annual leave, excluding federal public holidays. 
• Health insurance coverage. 
• Monthly employer pension contribution.

Application Closing Date
5th March, 2025.

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