Finance Director

Oil And Gas Job Search Ltd
Dubai
AED 200,000 - 400,000
Job description

Activities

  • FM will be responsible for all finance, accounting, treasury, reporting, admin, and IT functions.
  • Oversee the billing and collection coordination function of the Company.
  • Monitor risk management activities, including administration of insurance policies, in consultation with the MD, and prepare annual progress reports to the Board.
  • Provide analysis and reporting of project company performance, compliance, tax, insurance, budget, internal control and risk management.
  • Review and analyze all contracts and ensure appropriate accounting work is completed. Manage and coordinate the appropriate purchase orders in the system. Maintain close contact with the plant team to understand progress in project activities and support invoice and contract disputes where applicable. Ensure all project costs are reconciled and recorded for month-end activities. Interpret events and activities from a financial perspective (daily, monthly, quarterly, and annually).
  • Monitor project costs and compare against the plan. Provide frequent feedback to operations. Provide regular updates to the MD and shareholders, including preparation of management presentations. Coordinate and report major deviations and highlight potential areas for improvement.
  • Lead all financial planning activities with respect to monthly, quarterly, and yearly forecasts.
  • Maintain financial and accounting controls and oversee adherence to project company policies.
  • Administer hiring and purchase decisions made by the O&M Manager or MD.
  • In preparation for each meeting of the project company's Board of Directors (BOD), prepare the following information:
    • Quarterly project cost and sources of finance analysis of expenditures and cash flows comparing actuals with budget/base case financial model parameters.
    • A forecast of expenditures.
    • In case of any requirement of any expenditure not included in the base case financial model, prepare a detailed note for the Board for approval of such expenditure.
  • Attend the BOD meetings to support the MD in providing any clarifications necessary to the financial reports and to respond to questions from the directors.
  • Participate in negotiating and drafting term sheets, purchase agreements, and financing documents, if required.
  • Maintain relationships with the project company shareholders, investment bankers, and advisors.
  • Ensure that the project company complies with the commercial/financial requirements of the project documents and governmental policy/regulations.

Context & Environment

  • Competitive environment: the business operates in a very competitive environment with both local and international players. Constant technical evolutions are required to remain competitive, to have in place active cost reduction and performance improvement processes, and to develop and implement strategies not purely based on price to protect value.
  • Regulatory environment: each country has its specificities that generate constraints and opportunities. Rules constantly evolve, and the business is required to adapt its strategy and/or business model regularly.
  • Business environment: operate in partnership with other Company's affiliates to ensure a consistent approach to customers, utilizing One TotalEnergies structures, coordinating communications, and creating opportunities by leveraging the Company.
  • HSE environment: ensure that the highest standards of HSE are implemented to meet Company's standards, which can often involve implementing additional processes beyond market standards.
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