Finance Manager needed at Oilserv Limited

Job Summary

Maintain the financial health of the organization, supporting strategic decision-making, ensuring compliance, and providing accurate and insightful financial information to drive business success.

Job Details

Leadership

• Maintain financial stability
• provide accurate and insightful financial information
• contribute to the organization’s growth and success through strategic financial management.

Core/Technical

Financial Reporting and Analysis:

• Prepare and present accurate and timely financial reports, including income statements, balance sheets, and cash flow statements.
• Analyse financial data to provide insights into the company’s financial performance, trends, and areas for improvement.
• Monitor key financial metrics and KPIs to ensure the company’s financial goals are met.

Budgeting and Forecasting:

• Develop and manage the company’s budgeting process, collaborating with various departments to create realistic financial plans.
• Create financial forecasts that help guide strategic decision-making and anticipate future financial needs.

Cash Management:

• Manage the company’s cash flow, ensuring that there’s enough liquidity to cover operational expenses and financial obligations.
• Implement cash management strategies to optimize working capital and minimize the risk of cash shortages.

Risk Management:

• Identify financial risks and implement strategies to mitigate them, such as interest rate risks, foreign exchange risks, and credit risks.
• Maintain an understanding of industry regulations and compliance requirements to ensure the company’s financial activities remain compliant.

Financial Strategy and Planning:

• Collaborate with senior management to develop financial strategies that align with the company’s goals and objectives.
• Provide insights and recommendations on investment opportunities, mergers and acquisitions, and other strategic financial decisions.

Cost Control and Expense Management:

• Analyse costs and expenses across the organization and identify areas for cost reduction or optimization.
• Implement cost control measures to ensure efficient resource allocation.

Financial Systems and Technology:

• Oversee financial software systems and tools, ensuring accurate data entry, maintenance, and reporting.
• Identify opportunities to leverage technology for process automation and increased efficiency.

Internal Controls and Auditing:

• Establish and maintain strong internal controls to safeguard company assets and ensure accurate financial reporting.
• Coordinate with internal and external auditors to facilitate audits and ensure compliance with financial regulations.

Capital Management:

• Manage the company’s capital structure, including debt and equity financing, to optimize the balance between risk and return.
• Evaluate investment opportunities and recommend capital allocation strategies.

Financial Decision Support:

• Provide financial insights and analysis to support various departments in making informed business decisions.
• Participate in cross-functional teams to assess the financial impact of different projects and initiatives.

Requirements

• B.A/B.Sc. Finance and Accounting
• M.Sc. is an added advantage
• Minimum of 15 years in similar role within similar industry.
• ACCA, ICAN & other relevant accounting certificate.

Benefits

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