Vice President (Finance) recruitment
The role will extend to covering areas of corporate finance, funding and contract accounting; linking to the project based work flow at all stages in the project lifecycle. This will also link to the development of strong and cohesive cash management disciplines and operational procedures; to limit exposures and optimise positioning and returns. There will also be a strong process and procedural based aspect to this role; whereby internal controls are assessed for areas of weakness, thus ensuring the integrity of all accounting and reporting capabilities across the business.
In this role you will:
• Prepare and maintain estimates at completion for every project that accurately reflects expected project profitability given all known and quantifiable project risks and opportunities so that revenue and profits can be recorded monthly at the correct contract profit percentage.
• Deliver the forecast financial performance of contracts and projects.
• Monitor, report on and identify improvements in project financial performance.
• Facilitate and enforce Company and project budgetary controls.
• Effectively manage working capital to minimise the need for additional equity or debt financing and to maximise cash available for dividends.
• Set and implement those policies required for the proper conduct of projects.
• Maintain a detailed, accurate and properly supported EAC for all projects and to prepare a bottoms-up EAC no less frequently than annually for projects achieving all project KPI and no less frequently than quarterly for those projects not achieving all project KPI.
• Understand and report on forecast and actual project performance in accordance with group, statutory and relevant accounting principles and policies.
• Produce the financial models of the five year strategic plan and the annual budget.
• Provide budget holders with the information, tools and training necessary to exercise day-to-day financial control.
• Adhere at all times to finance and other group policies as well as other applicable standards and procedures.
• Line management direct reports and review their job content and performance.
• Ensure compliance of business activities with all applicable laws, regulations and company policies and standard.
Our client envisages hiring a candidate with up to 15 years experience of operational finance, with a mandatory requirement to be a professionally qualified and Chartered Accountant (ACA, ACCA, CIMA or CPA). The successful candidate should possess an in depth and thorough understanding of all aspects of contract accounting within an EPC environment; combined with a demonstrable track record within areas of project finance, infrastructure development and construction related activities within the oil and gas industry line.