CFO – Oil & Gas Downstream

Job Description

Key Accountabilities & Responsibilities

Financial Planning & Budgeting

  • Develop finance strategies; lead budgeting and forecasting; support strategic and business planning and possible expansion.
  • Develop financial business cases for proposed investments
  • Oversee the investment of funds and manage associated risks.
  • Manage budgetary processes to ensure all budgets adequately reflect periodic resource requirements and revenue estimates for the business.
  • Ensure surplus funds are properly invested
  • Liaise with external financial services organizations, and investors as may be required, to ensure the business remains adequately funded in terms of Debt, Equity and Working Capital requirements.
  • Develop long-range financial plans to support organizational objectives and decision-making
  • Ensure all capital and operating expenditure are within budget and in line with relevant approvals
  • Manage the budget, monitor budget implementation, highlight deviations and recommend appropriate interventions
  • Keep abreast of changes in the industry, financial regulations and legislation; ascertain implications for the business and advice management accordingly

Financial Management

  • Manage organizational cashflow and optimize financial resources
  • Regularly monitor company’s cash flow position to anticipate and provide operational liquidity requirements
  • Identify and deploy cost saving initiatives. Develop and implement cost control/ management strategies and system to ensure optimal utilisation of available financial resources
  • Assist with resource prioritization and allocation
  • Monitor and manage financial and related risks
  • Provide and interpret financial information for practical application, to guide operations across departments and the organization
  • Oversee and advice management on investment activities; provide advice/recommendations relating to financial and tax considerations of investments, as well as other business transactions.
  • Oversee credit and treasury management activities, or collaborate with responsible officers where applicable
  • Establish and maintain good working relationships with banks and other financial institutions and tax institutions
  • Prepare winning presentations and proposals to investors/financiers for debt/equity capital raising efforts
  • Conduct financial analysis and risk assessment on existing investments and project proposals, including building and interpreting financial models

Accounting and Financial Reporting

  • Establish and maintain corporate accounting policies and procedures
  • Develop and implement policies and procedures to identify, resolve and document accounting issues, as well as procedures to drive efficient, accurate closing and reporting
  • Manage the company’s accounting systems and procedures, and ensure they are up-to-date and in compliance with all applicable statutory and regulatory requirements.
  • Coordinate the preparation of financial statements; review and ensure accuracy of accounting records; ensure timely and accurate financial reporting
  • Facilitate and coordinate the preparation of year end closing and financial statements
  • Review monthly accounting close process; conduct analytical review of the monthly operating results
  • Co-ordinate the periodic financial performance monitoring and reporting activities of the Company.
  • Provide monthly and other periodic financial results including various analysis, highlighting financial and operating KPI performance versus target
  • Review monthly financial statements and other informational reports.
  • Participate in Board and Annual General Meetings as required; prepare management and other relevant reports for these meetings
  • Supervise the upkeep and management of company’s fixed assets and stock inventory
  • Ensure ample and proper documentation of all financial information and documents by maintaining an orderly and easy retrieval filing system
  • Maintain a robust system of accounting controls

Tax Management

  • Develop strategies to defer, minimize the company’s tax liability within the confines of the laws
  • Monitor and ensure complete and accurate tax accounting and compliance
  • Advice and ensure that the company complies with periodic tax payment, information reporting, and other statutory and regulatory tax requirements
  • Coordinate audits by various taxation authorities and negotiate with tax authorities over tax payment issues.#
  • Ensure all departments comply with all relevant tax laws: PAYE, VAT, WHT, CGT etc.

Personal Specification


  • Minimum of a Bachelor’s degree or equivalent in Accounting, Finance or a Business discipline (Minimum of Second Class Lower)
  • Professional accounting certification
  • Certified Financial Analyst


  • Minimum 15 years’ experience in accounting and finance with working knowledge of financial advisory, corporate finance, project finance or private equity
  • At least 10 years’ managerial experience
  • Proven experience as CFO, Finance Manager or relevant role



Oil & Gas




Job Level