Chief Financial Officer

Job Description : CFO OMAN OQ8 (Duqm Refinery and Petrochemical Industries Company) is a Joint Venture (JV) between OQ & Kuwait Petroleum International (KPI), Duqm refinery is expected to have the capacity to process around 230,000 barrels per day. It seeks to be recognized as a world-class refinery business, delivering quality oil products across the world driving Duqm’s growth and Oman’s prosperity Job title Chief Financial Officer (CFO) Job purpose Under the general direction of OQ8’s Chief Executive Officer, the CFO directs and overseas OQ8’s Financial Services function as owner of its policies, procedures, standards, including the Joint Venture’ Service Level agreement between OQ & KPI; acting as CEO’s Strategist Business partner for the JV’s economic forecasting, and Strategic Leader to conduct the financial results (Financial controlling, Treasurer and SLA among others); in order to address the issues surrounding capital structure, maximizing return on investment, minimizing risks, ensuring & supporting that main’s stakeholders decision rely on the accuracy and timeliness financial information, with a significant focus on the achievement of the short / medium / long term Financial / strategic and tactical goals of the Joint Venture while maintaining its operations and alignment with the stakeholders, in accordance with OQ8s’ Mission, Vision, Values & Strategies, as well as, policies, guidelines and international standards. Main task and responsibilities · Develop the broad Finance Services functional strategy and ensure that the vision, mission, are vertical alignment and horizontal integration of all functional strategies across the Joint Venture. · Acts as the owner of financial policies and procedures, standards and major KPI’s matters for the company. · Member of OQ8’s Executive Team to overseas at very high-level strategic matters concerned with Company’s projects, financial feasibility, and Servcie Level Agreement with OQ. · Acts as CEO’s Strategic Business Partner for the discussion/review of business performance projects, financials and economic aspects of the company. · Direct and oversees the preparation and consolidation of the Joint Venture budgets and monitor financial performance versus the budget so that the business is aware of anticipated costs / revenues, areas of unsatisfactory performance are identified, and potential performance improvement opportunities are capitalised upon. · Direct and oversees the financial controlling providing strategic directives and guidelines to all finance and accounting services to all functions in order to ensure an adequate control structure is in place for the financial success of the company and that effective financial procedures are in place within accepted accounting practice to support OQ8’s financial goals and objectives. · Direct and oversees the financial feasibility studies of new projects and major projects to assure that those projects are in line with OQ8’s investment/business strategy. · Coordiate all SLA with OQ on Financial IT systems matters, to ensure support on OQ8’s Financial operations, as well as, all required Financial Platform services to support the day-to-day finanicial trasnactions. · Direct and oversee the coordination and development of Manual of Authorities and delegation of financial responsibility in the company inducing internal as well as external auditors / consultants and ensure is implemented, followed as well as updated in a timely manner as prescribed by the board / senior management. · Liaise and ensure that external auditors are provided with relevant financial information in order to properly complete the external audit. · Establish and maintain effective working relationships with key external entities such as Banks, Investment institutions, Auditors etc. to ensure that all communications and interactions are conducted smoothly and in a timely manner. Key interactions Internal: Board of Directors, CEO, All Function Heads External: Auditors, Consultants, Ministries, Banks, Vendors, T&D suppliers, Financial Institutions etc. Notable Working Conditions: Office environment and might work long days. Sporadic Travel between OK8’s locations to attend meetings Education requirements · Minimum qualification required is a University degree along with a CA / CPA / ACCA/CIMA. Language requirements · Excellent knowledge of written and spoken English (required). Background and experience Competencies and skills · Minimum experience required is 15 years within the Finance function of oil and gas/petrochemicals industry with at least 4 – 5 years as CFO for a recognized medium size Oil &Gas industry. · Progressively responsible experience for a major company or division of a large corporation. Preference will be given to candidates with the Certified Public Accountant or Certified Management Accountant designations. Excellent communication skills are essential, particularly in regard to presenting the results of analyses to management. · Strong kwnoledge in Cash Management, Financial Accounting, Corporate Finance, Project Finance & Banking & SLA. Strong knowledge of the company, its stakeholders, resources and data, to create a plan that will ensure the JV’s growth and success. · Strong Leadership Skills and Strategic Vision to formulate a proactivestrategic solution. · Excellent Problem Solving skills to address complex financial issues that will affect the future of the company, related with Cash Management, Financial Accounting and Corporate Finance Competence, and looks for “win-win” solutions. · Strong Work Ethic, willing to work long hours, but at the same time, develop results with the correct details. A CFO goes beyond the four corners of the office when it comes to work—it is necessary that he must socialize with other managers and clients to gain their trust and camaraderie. · Reliability to handle pressure while producing timely and correct information including all necessary steps to bring out valuable results. · Open-minded, and willing to accept change, but at the same time, knows how to get the ball rolling. · Strong influencing skills & sound judgement and integrity to build and maintain relationships at all levels.

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