Qureos Mentor

OQ Exploration & Production

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 Job title:
 
 Chief Financial Officer
 
 
 
 Stream:
 
 Finance &amp; Procurement
 
 
 
 Function:
 
 Finance &amp; Procurement
 
 
 
 Location:
 
 Oman &ndash; Muscat
 
 
 
 Budget control:
 
 *OPEX and/or CAPEX and/or Revenue amount as relevant*
 
 
 
 Reporting to:
 
 Chief Executive Officer
 
 
 
 Direct Reports
 
 :
 
 <ul>
 <li>
 VP, Finance
 </li>
 <li>
 VP, Contract &amp; Procurement
 </li>
 <li>
 Head of Investor Relation
 </li>
 <li>
 Business Partner Finance &amp; Procurement
 </li>
 </ul>
 
 
 Job purpose
 
 
 
 Under CEO alignment, the CFO acts as: (1) Member of the OQEP Executive Committee and directs Financial Services as a non-OMT support service function and owner of all financial policies, procedures, and standards; (2) Acts as a Strategic Business Partner overseeing all economic and forecasting modeling aspects and corporate governance of OQEP, including Financial Controlling, Treasury, Financial Planning &amp; Analysis (FP&amp;A), and Business Finance; (3) Provides executive oversight to VP Finance and VP Procurement, ensuring alignment of financial and procurement strategies with corporate objectives; (4) Acts as a Strategic Leader in directing the financial results of the organization by managing the implementation of financial strategies, processes, and controls together with the related treasury, investment, and capital management frameworks; (5) Oversees Procurement governance including ICV compliance, Contracts management, Procurement Performance Management, Tender Board strategies, and Materials management to ensure cost optimization, value creation, transparency, and regulatory compliance; (6) Acts as OQEP&rsquo;s representative in developing and nurturing strong professional relationships with banks, funding institutions, relevant government ministries, key suppliers, and shareholders to ensure that OQEP&rsquo;s financial and commercial interests are effectively and efficiently safeguarded; and (7) Provides executive oversight of Investor Relations activities, ensuring transparent communication of financial performance, strategy, capital structure, and value creation initiatives to shareholders and the investment community; and (8) Acts as a link between Corporate Finance and OQEP across Financial Controlling, Treasury, and Procurement matters, while providing innovative insights that support strategic decision-making and add value to the assigned business lines/functions in order to address capital structure considerations, maximize return on investment, optimize spend management, minimize financial and contractual risks, and ensure that key stakeholder decisions rely on accurate, timely, and reliable financial and commercial information, with a strong focus on achieving short-, medium-, and long-term strategic and tactical objectives.
 
 
 
 
 
 
 
 
 The position will act in accordance with the OQEP&rsquo;s Mission, Vision, Values &amp; Strategies, as well as, policies, guidelines, and international standards, supported by an IT Technology platform, QHSE &amp; Energy Management System requirements standards, Omani&rsquo;s government &amp; other legal justifications, and best international practices in consonance with national objectives.
 
 
 
 Main tasks and responsibilities:
 
 
 
 
 
 <ul>
 <li>
 Finance Controlling: Direct and overseas the financial controlling process for OQEP by 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 financial for OQEP goals and objectives.
 </li>
 <li>
 Treasury: Direct and overseas the treasury function to ensure for OQEP including its standards, (financial affairs, investments, corporate liquidity, production of necessary financial reports/returns, risk management and Insurance) in order to guarantee adequately funded to meet its short, medium and long term cash requirements.
 </li>
 <li>
 Budgets and Plans: Direct and overseas the preparation and consolidation of for OQEP 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 capitalized upon.
 </li>
 <li>
 A key member in the Operated and Non-operated blocks (Finance Committees, OPCOMs and JMCs).
 </li>
 <li>
 Working with rest of the Executive Team on the development of short and long-term strategies for the Business for OQEP by providing financial insight and translate it into business plans with objectives and performance indicators to measure success and manage performance, acting also as the &ldquo;translator&rdquo; between OQEP and Corporate Finance to enable for OQEP to achieve their strategic objectives and goals and align with the OQ Group and main stakeholders&rsquo; requirements
 </li>
 <li>
 Authorize transactions proposed by the for OQEP within set governance protocols upon analysis of the merits (evaluation of return on investment, assessment of risk) of the proposal
 </li>
 <li>
 Ensure OQEP has the resources (financing, cash, risk mitigation) to successfully conduct their business, implement projects/initiatives to achieve their goals in the most cost effective and efficient manner
 </li>
 <li>
 Monitor and analyze the for OQEP business performance and identify opportunities / issues and recommend measures for course correction and/or improvement, oversee their implementation to ensure their short and long-term strategic objectives are achieved
 </li>
 <li>
 Develop and enhance relationships with key stakeholders (such as governmental ministries) as the authority and strategic adviser on financial matters relating to these Businesses/Functions
 </li>
 <li>
 Define an optimum organization structure for the Finance function at OQEP and direct the development its structures so that resources are optimally utilized, and communication can take place in an efficient manner.
 </li>
 <li>
 Manual of Authorities: Direct and oversee the coordination and development of Manual of Authorities and delegation of financial responsibility at OQEP inducing internal as well as external auditors / consultants and ensure is implemented, followed as well as updated in a timely manner as prescribed by board / senior management.
 </li>
 <li>
 External Entity Coordination: Coordinate with various ministries and government entities and keep them abreast on the operational and financial front of the business. Liaise and ensure that external auditors are provided with relevant financial information in order to properly complete the external audit.
 </li>
 <li>
 Business Relationships: 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.
 </li>
 <li>
 Financial IT Systems: Direct the implementation of all financial IT systems to support the achievement of the planned growth within the
 </li>
 <li>
 Change Management: Direct and overseas the change management process taking into account &lsquo;international best practice&rsquo;, changes in international standards and changes in the business environment which demand proactive action plans.
 </li>
 <li>
 MIS and Reports: Ensure that all functional reports and related functions are completed timely and comply with international principles of corporate governance and standards and OQ policies.
 </li>
 <li>
 Oversee procurement strategy including sourcing, supplier management, and contract governance.
 </li>
 </ul>
 
 
 Key interactions
 
 
 
 
 Internal:
 
 Board of Directors, Audit Committee, Executive Leadership Team, relevant business entities, all functions and streams, corporate functions.
 
 
 
 External:
 
 Muscat Stock Exchange, Oman Investment Authority (OIA), Ministry of Energy &amp; Minerals, Customers, Third-party Labs, Joint Venture Partners, Investors &amp; Financial Institutions, International Industry Bodies, Media &amp; Analysts, Universities, Licensors, Vendors, Research institutions, Government Ministries, and Competitors
 
 
 Notable Working Conditions. Primarily office-based with occasional domestic and international travel, when needed and possible
 
 
 
 Education requirements
 
 
 
 Graduate in Finance, Accounting, Economics or equivalent &ndash; Required - Postgraduate (CIMA, CA, CFA or MBA) is preferred
 
 
 
 Language
 
 
 
 Excellent knowledge of written, read, and spoken English (required)
 
 
 
 Background and experience
 
 
 
 
 Competencies and skills
 
 
 <ul>
 <li>
 17+ years of finance role and operations
 </li>
 <li>
 5+ years in a senior management role (managing multiple teams) with business partnering exposure
 </li>
 <li>
 In-depth understanding of the economics of the oil and gas / energy industry
 </li>
 <li>
 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.
 </li>
 <li>
 Should have an outstanding knowledge of electronic spreadsheets.
 </li>
 <li>
 Knowledge of Capital Markets / Project Finance / Banking
 </li>
 </ul>
 
 
 Soft:
 
 
 <ul>
 <li>
 Proven ability to inspire and lead organizational change effectively.
 </li>
 <li>
 Exceptional communication skills, facilitating clear and impactful interactions.
 </li>
 <li>
 Demonstrated capability to build effective synergies within multidisciplinary teams.
 </li>
 <li>
 Strong aptitude for anticipating and predicting business trends, utilizing sound evaluative judgment&mdash;including scientific reasoning&mdash;especially in pathfinding situations that require creative thinking and the development of innovative concepts and approaches to advance knowledge and ensure business sustainability.
 </li>
 <li>
 Skilled in managing and resolving complex issues that require strategic thinking within broad functional policies and objectives.
 </li>
 <li>
 Expertise in defining and strategizing new business initiatives that focus on competitive advantages while navigating diversity, uncertainty, and complexity.
 </li>
 </ul>
</div>

Chief Financial Officer

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OQ Exploration & Production

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Chief Financial Officer