Group Finance Lead

The primary role of the Group Finance Lead is to support the client business expansion by developing a strategic finance and supply chain to help deliver sustainable revenue and margin growth.  You will be responsible for leading  the Finance, Procurement and Warehouse teams in ensuring deliverables in these areas are met. Key elements of this role will be the development of  financial goals, analyzing financial systems and controls, analyzing and issuing reports on operational results of various companies with the group and advising on matters relating to Accounting, Finance, Investments and Budgets. You are expected to develop Key Performance
Indicators by which the business can be measured against best practice in the business competitively as well as strategically. You will provide strategic oversight in the management of new and existing clients’ requirements and contracts, effective supply chain management whilst ensuring that HSEQ standards, processes and procedure are complied with. As an integral part of the Senior Team, the job holder will work closely maintaining excellent working relationships with customers, colleagues and suppliers, responsible for all aspects of payment related activities against client requirements, ensuring budgeted margins are delivered.
 
The Group Finance Lead comprises three main areas: Reporting and maintenance of accounting records • Accountablity for the accounting operations of the company, to include the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets designed to mitigate risk, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with  international financial reporting standards. Treasury Management • To assess, monitor, plan and manage the efficient utilisation of cash and financial services in a manner consistent with the objectives of the Company. Business Partnering        •            Act as a business partner to the senior managers and budget holders,  providing professional advice and
proactively working with them to resolve any concerns or difficulties with their financial performance.
 
 
 
 
5. Roles and Responsibilities:
      Core responsibility
  Reporting and maintenance of accounting records

• Ownership and financial technical authority of the Group’s entity
• Monitor and manage month end close process ensuring reporting is achieved in line with the group timetable
• Find ways to shorten the reporting cycle and improve the reporting quality via improved process and systems
• Prepare and review monthly financial statements (inc. P&L, Balance Sheet, Cashflow Statement and supporting schedules for all balances) 
• Coordinate monthly reviews of financials with the Executive management team
• Prepare and issue monthly financial board report to shareholders 
• Consolidate and manage annual budget process and any reforecasting that is undertaken
• Prepare audit pack and act as focal Point for annual external audit 
• Ensure timely and accurate capture of data, submission of returns and payment of all taxation e.g. VAT, Corporation tax, PAYE etc. 
• Identify and implement improvements into the existing financial processes
• Liaise with Chief Accountant  to ensure transactions are being processed accurately and on a timely basis
• Ensure Financial Authority Matrix (FAM) is updated and approved for any changes in the business structure
• Ensure compliance with Company accounting policies
• Contribute to innovation in new technology, and in particular support the continued development of our ERP software
• Any other delegated responsibilities as instructed by Management, provided the instruction is reasonable and you are capable and deemed competent to fulfil the request

  Treasury Management  

• Understand, manage, and supervise all aspects of cash flow
• Forecast daily cash requirements and execute daily financing decisions
• Prepare and monitor company long term cash flow forecasts
• Evaluate, develop and implement cash management systems to optimize efficiencies
• Manage relationships with financial service providers 
• Monitor and report compliance with debt covenants
• Monitor bank service fees and address quality issues
• Recommend, implement and maintain process controls and improvements

  Business Partnering  

• Build partnerships and maintain strong relationships with all senior managers and their teams
• Provide meaningful insights into key performance indicators, while cooperating with stakeholders to improve process compliance and efficiency
• Participate in tender pricing, as required
• Capital expenditure appraisal • Spervision of Accounts team including: o    Setting and coordinating their daily and monthly tasks

o Providing support and guidance o   Running the annual appraisal process Additional oversight responsibilities 
 
Supply Chain Management and Warehousing

• Development of local supply chain with approval authority subject to Delegation of Authority limits
• Price  benchmarking to ensure we are competitive including Client Analysis and identification of market needs
• Approval of content for all supplier agreements
• Maintain effective relationships with Clients, Supplier and Internal Stakeholders at all levels.
• Maintain relationships with colleagues and Group Board of Directors and offer information/completion for strategic projects and business plans  
• Maintain effective relationships with Business Managers, Procurement Team Lead, Buyers and Warehouse Lead by offering escalated assistance in one off sourcing  
• Identification of opportunities to reduce transactional costs and vendors

 
 

1. Performance Measure

Annual targets as per annual Performance review objectives
 
Finance & Accounts

• • On time and accurate delivery of Mthly Reports
  • On time delivery of Budgets and Forecasts
  • Effective cash management – aging  and Cash Neutrality or Positivity
  • Work with HR on Managing Risk of IR issues in the business – number and cost impact minimal

 
 
Supply Chain & Warehousing

• • Compilation of local supply chain with cost reduction in specific target markets.
  • Cost saving delivered 
  • Local agreements delivered
  • Compliance on agreement usage – Measure 
  • Distributor agreements (preference being ‘sole’ agreements)
  • 100% efficiency of Warehouse operations

 

1. Education 

 
Educated to a post graduate Degree level (preferably in Business Management  ( specialization in Finance) and / or Supply Chain Management) and  a qualification at advanced practitioner level of  ACCA/CIMA/CPA . CIPS certification will also be a great asset.
 

1. Experience

 
A minimum of 10 years’ organizational/business development experience and 5 years’ experience within a similar operational role, preferably in Finance with some level of commercial expertise.  Experience in the oil and gas or oil and gas service industry will be an asset.
Ability to demonstrate a track record of delivery within the Finance, Supply Chain and Warehousing functions, preferably within the Oil and Gas sector.Strong analytical skills and a track record of effectively working all   office tools is essential as is the ability to understand and manage budgets, forecasts and cash flows.
Experiencing in managing and building effective teams. Must be fluent in English (local language). A strong set of personal values which match those of the organisation and the vision of the business are essential.
9. Leadership Competencies
 
There are 13 core competences for this leadership and management role. They are as follows:  
Planning & Organization:  
Keeps track of matters requiring attention; is able to develop operating plans; introduces changes in working practices; prioritizes tasks, delegates effectively; reorganizes structures
 
Management Control:   
Challenges processes and working practices; keeps themself well informed in their area of responsibility; regains control; instigates close personal involvement; ensures team compliance with procedures; upwardly communicates; keeps close track of activities; meets time schedules.
 
Leadership:  
Articulates and arouses enthusiasm for a shared vision and mission; steps forward to leads as needed regardless of position or status; guides the performance of others while holding them accountable; leads by example.
 
Delegation:  
Assesses circumstances before delegating; organises completion of work in their absence; familiarises themselves with what happened during their absence; decides what to delegate and to whom
 
Conflict Management:  
Handles difficult people and tense situations with diplomacy and tact; spots potential conflict and bring disagreements into the open and help de-escalate; encourages debate and open discussion; orchestrates winwin situations.
 
Employee Development:  
Acknowledges and rewards people’s strengths, accomplishments and development; offers useful feedback and identifies people’s needs for development; mentors, gives timely coaching and offer assignments that challenge and grow a person’s skill.
 
Organizational Process Design:  
Makes operational changes; carries out re-organizations; has process mapping skills; manages projects; selforganization skills.
 
Performance Management: 
Sets stretching objectives and measures against direct reports; manages resources efficiently; readily confronts poor performance directly with individuals; sets improvement targets and manages these to a conclusion; leads by personal example.
 
Managing Change:  
Recognizes the need for change and removes barriers; challenges the status quo to acknowledge the need for change; champions change and enlists others in its pursuit; models the change expected of others.
 
Influencing Skills: 
Are skilled at persuasion; fine-tunes presentations to appeal to the listener; uses complex strategies like indirect influence to build consensus and support; orchestrates dramatic events to effectively make a point.
 
Analysis and Decision Making:  
Accesses a wide range of material; observes discrepancies in data and probes to resolve inconsistencies; distinguishes between facts and assumptions and avoids jumping to conclusions; prepares lists of pros and cons; develops courses of action based on the known information; breaks down a complex situation into manageable parts; seeks out the “common threads” and trends in a mass of information; actively seeks the input and opinions of others; explores and compares a wide range of options before acting; decisions are sound, timely and recognise constraints and resources available; commits to a decision.
 
Self-Confidence:  
Presents themselves with self-assurance, have a “presence” and can voice views that are unpopular and go out on a limb for what is right; are decisive and able to make sound decisions despite uncertainties and pressures.
 
Innovation:  
Seek out fresh ideas from a wide variety of sources; entertain original solutions to problems; generate new ideas; take fresh perspectives and risks in their thinking.
 

1. Core Competencies 

 

• • Communication - Excellent communication and interpersonal skills, you will be able to build strong working relationships with all levels and be able to to influencing and collaborating with others the ease.
  • Customer Focus - A commitment to providing a good customer service.
  • Personal Integrity - Builds trust and respect and maintains standards of honesty and integrity.
  • Team Working - Ability to work within a team and on own initiative.
  • Reliability - Takes responsibility for personal performance.
  • Results Orientation - Striving to improve or meet a standard of excellence.
  • Commitment to Safety - Takes responsibility for both their own safety and that of their colleagues.

 
 

1. Company Values

  Integrity-  Working honestly openly and impartially is central to all that we do. Our aim is to always foster an environment where our actions are clear and free from biases, where loyalty and mutual respect is valued throughout, enabling us to succeed together. Trust-  We believe that trust should be at the forefront of our daily practices. Our aim is to ensure that trust is seen and felt in all that we do by fostering an inclusive working environment where everyone feels valued and empowered. Collaboration-  We aim for operational excellence and consistent delivery of our services through our   strong sense of collaboration amongst all our teams. Our tradition is to support those teams and individuals who have the ambition and drive to grow further into opportunities throughout the organization. Accountability-  Taking personal accountability is central to the excellence of our operations. Honoring our promises and taking ownership for our actions is what we live by. Adopting a high sense of accountability for HSE throughout the organization is engrained in the way we operate.

With over 90 years' combined experience, NES Fircroft (NES) is proud to be the world's leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Chemicals, Construction & Infrastructure, Life Sciences, Mining and Manufacturing sectors worldwide. With more than 80 offices in 45 countries, we are able to provide our clients with the engineering and technical expertise they need, wherever and whenever it is needed. We offer contractors far more than a traditional recruitment service, supporting with everything from securing visas and work permits, to providing market-leading benefits packages and accommodation, ensuring they are safely and compliantly able to support our clients.