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

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Group Head(Treasury and Financial Control) at an indigenous downstream Oil and Gas company

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