Financial Operations Manager

Job Description

<strong>Job Purpose:</strong><p><br></p>To lead and own financial operations including accounting and financial analysis, compliance reporting, funds management, day-to-day bookkeeping, accounting operations, budgeting, audit, and due diligence.<p><br></p><strong>Responsibilities:</strong><p><br></p><strong>Accounting and Financial Analysis:</strong><p><br></p><ul><li>Responsible for updating and maintaining the books of accounts of the company.</li><li>Prepare the monthly MIS and Board Reports.</li><li>Support in setting company targets, monitoring, and ensuring timely corrective actions.</li><li>Coordinate and deliver the overall preparation and review of monthly management accounts closing and management reporting.<br></li></ul><p><br></p><strong>Compliances:</strong><p><br></p><ul><li>Coordinate with various consultants and ensure all the compliance tax, fiscal protocol, commercial and debt capital arrangement; and assure are regularly complied.</li><li>Complete all MOCIIP, TAX, and other regulatory filings whenever required.</li><li>Comply with all related events like fundraising and debt capital compliance.<br></li></ul><p><br></p><strong>Funds Management:</strong><p><br></p><ul><li>Forecast cash flow positions, related borrowing needs, and available funds for investment.</li><li>Maintain and manage 12 weeks rolling cashflow forecast to ensure working capital availability and liquidity.</li><li>Maintain banking relationships on financial operations and cash management.</li><li>Responsible for revenue assurance and Accounts receivable with MEM, MoF, and other lifters.</li><li>Responsible for ensuring all invoices are raised and revenue booked on time.</li><li>Comply with VAT and WHT regulations, including all reconciliations.</li><li>Build and maintain effective relations with the debtors.<br></li></ul><p><br></p><strong>Day to Day operations:</strong><p><br></p><ul><li>Manage &amp; oversee daily operations of the Finance department.</li><li>Monitoring &amp; analyzing accounting data &amp; prepare financial statements and MIS timely.</li><li>Review ledgers &amp; coordinate with the team for book closure activities (monthly &amp; annual).<br></li></ul><p><br></p><strong>Budgeting</strong><p><br></p><ul><li>Support the preparation of the company’s budget.</li><li>Liaison with departments on monthly budget &amp; consumption; prepare variance analysis.</li><li>Report to management on variances from the established budget, and the reasons for those variances.<br></li></ul><p><br></p><strong>Process Management:</strong><p><br></p><ul><li>Maintain a documented system of accounting policies and procedures.</li><li>Manage outsourced functions.</li><li>Active participation in implementing the identified projects during the year in the finance function.</li><li>Be actively involved in the reviews of accounting &amp; reporting including reviews and testing on implementation of new processes and systems.<br></li></ul><p><br></p><strong>Qualifications:</strong><p><br></p><ul><li>Bachelor’s degree is required, CFA, ACCA, ACA, CIMA, CPA or equivalent professional certificates are preferable</li><li>A minimum of 12 years experience including bookkeeping, accounting, treasury operations, and cash management; of which a minimum of 5 years of experience must be in the Oil and Gas upstream business, with at least 3 years of experience in a managerial position.</li><li>Must have a good understanding of key finance business activities in the Oil and Gas exploration and production business.<br></li></ul>