Group Head(Treasury and Financial Control) at an indigenous downstream Oil and Gas company
Employment Nigeria
04-Apr-2017
NIGERIA ,
Accounting
POSITION : Group Head, Treasury and Financial Control
Description
Reporting to the GED, this position is responsible for financial reporting and liquidity management of the SBUs and the Group.
He/she will ensure optimal allocation of the group's financial resources as well as complete and accurate maintenance of treasury/financial records in such a manner as to optimize the liquidity position of the group and mitigate financial, business and reputational risks.
Responsibilities
- Advise management and provide inputs on the funding and cash-flow implications of the group's strategy, goals and plans
- Manage the liquidity of the group and ensure that cash is readily available to meet the financial obligations on a need basis
- Build and maintain relevant banking relationships to ensure availability of funds, secure favourable banking terms and rates and proper management of the accounts of the Group
- Keep up-to-date with the industry's current tax practices and policies.
- Make recommendations to executive management on the formulation of strategic, long-term business plans to minimise financial risk.
- Advise management on the judicious investment of surplus funds.
- Advise executive management on changes in financial regulations, legislation as well as changes in competition and market trends.
- Coordinate the corporate budget preparation process and support Departments in the formulation of cost management measures.
- Provide financial advice on the group's short, medium and long term cash/ funding/ risk situation to management
- Develop and implement a robust and reliable financial reporting system for the Group
- Generate statutory financial reports and statements for the group as at when due
- Develop and manage relationships with relevant external bodies e.g. regulatory organisations in the downstream sector, auditors, solicitors, banks, etc.
- Manage foreign exchange risks and interest rate exposures.
- Review performance of financial service providers on a regular basis and take steps to discontinue high-risk relationships
- Perform other functions as may be delegated by the Group Executive Director (GED)
Qualifications and Experiences
- B.Sc. degree in Accounting, Finance, Economics or any related discipline (Second Class Upper Division/ HND Upper Credit)
- 12 years relevant experience, 5 of which must have been in a management position of an organisation, interfacing with the executive team and financial partners
- Relevant professional certifications e.g. Chartered Financial Analyst (CFA) , Institute of Chartered Accountants of Nigeria (ICAN), Association of Chartered Certified Accountants (ACCA), Chartered Institute of Taxation of Nigeria or any other recognised professional financial body
- Experience of statutory financial reporting and knowledge of GAAP, IFRS
- Postgraduate qualification in a relevant discipline would be an added advantage
How to Apply
Candidates should send their application and CV's to:recruitment@priorityrecruitment.com.ng with position applied for as the subject
Sorry the application deadline for this job has elapsed
