Chief Finance Officer at WTS Energy

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 years ago

Additional Details

Job ID
75338
Job Views
85

Job Description



Job Roles/Responsibilities:



  1. Financial Strategy and Planning:

    • Develop and implement financial strategies aligned with the company’s overall objectives.

    • Provide financial guidance to senior management, contributing to the development of the business strategy.



  2. Budgeting and Forecasting:

    • Lead the annual budgeting process, ensuring accuracy and alignment with strategic goals.

    • Conduct regular financial forecasting to identify potential risks and opportunities.



  3. Financial Reporting:

    • Oversee the preparation of accurate and timely financial reports, including profit and loss statements, balance sheets, and cash flow statements.

    • Ensure compliance with relevant accounting standards and regulatory requirements.



  4. Risk Management:

    • Identify and assess financial risks, proposing mitigation strategies to safeguard company assets.

    • Implement effective internal controls to minimize financial and operational risks.



  5. Capital Management:

    • Optimize the company’s capital structure to support growth and minimize cost of capital.

    • Evaluate and recommend financing options for major projects and investments.



  6. Mergers and Acquisitions (M&A):

    • Assess potential M&A opportunities, conducting financial due diligence and providing recommendations to the executive team.

    • Lead financial negotiations and integration processes for successful acquisitions.



  7. Cost Management:

    • Implement cost control measures and efficiency improvements across various project phases.

    • Collaborate with operational teams to optimize project budgets and improve cost-effectiveness.



  8. Financial Compliance:

    • Ensure compliance with local and international financial regulations, tax laws, and industry standards.

    • Coordinate with external auditors to facilitate annual audits.




Qualifications/Experience:



  1. Education:

    • Bachelor’s degree in Finance, Accounting, or a related field. A Master’s degree (MBA, MSc) is highly desirable.



  2. Professional Certification:

    • ACCA (Certified Chartered Accountant), CFA (Chartered Financial Analyst) or its equivalent professional certification is required.



  3. Experience:

    • Minimum of 15 years of progressive financial leadership experience, with at least 5 years in a CFO or similar executive role.

    • Experience in the maintenance, installation, construction, and crude refining industries is highly preferred.



  4. Industry Knowledge:

    • In-depth understanding of the unique financial challenges and dynamics within the maintenance, installation, construction, and crude refining sectors.

    • Experience with international financial reporting standards (IFRS)



  5. Leadership and Communication:

    • Proven leadership skills with the ability to effectively communicate financial insights to non-financial stakeholders.

    • Strong interpersonal skills and the ability to lead and motivate a finance team.



  6. Analytical Skills:

    • Exceptional analytical and problem-solving abilities, with a track record of developing innovative financial solutions.



  7. Adaptability:

    • Ability to thrive in a dynamic and challenging environment, adapting to changing business needs and priorities.



  8. Software Proficiency:

    • Proficiency    in    financial    modeling    and    analysis    software (e.g., Excel, VBA, Power BI)




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