Springfield Exploration and Production Limited (SEP) is One of the Newest Entrants into Ghana's Rapidly Growing Oil and Gas Industry

SEP seeks the services of a Chief Financial Officer


Job Title: Chief Financial Officer


Job Location: Accra, Greater Accra


Job Summary

  • Will be accountable for the financial and risk management operations of the company, including the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results
  • The CFO will also be responsible for managing all aspects of financial risk and compliance and enhancing SEP's effectiveness through on-going refinement of its business processes. This role reports to the Chief Operating Officer (COO)


Job Description


  • Assist the COO in formulating the company's, strategic business plans and developing financial and tax strategies
  • Generate annual budgets for corporate and joint venture operations together with mediums term plans and assist the COO in managing the budgeting process
  • Develop performance measures that support the company's strategic direction


  • Participate in key decisions as a member of the Senior Management Team
  • Oversee the company's transaction processing systems and Implement operational best practices
  • Work with SEP's General Manager and Human Resources Manager to oversee employee benefit plans, with particular emphasis on maximizing a cost-effective benefits package
  • Assist the COO in monitoring and directing the implementation of strategic business plans and financial and tax strategies

Financial Information:

  • Maintain the financial records of Springfield E&P operations, and joint ventures (where Springfield is designated operator) together with non-operated interests to ensure that fiscal, accounting and industry best practices are met
  • Ensure that all reporting, audit and filing requirement deadlines to internal and external stakeholders are met
  • Review monthly management information and provide sound financial management to members of the management team
  • Ensure that record keeping meets all the financial requirements of auditors and regulatory agencies and other stakeholders
  • Report financial risk issues to the board

Funding / Cost Control:

  • Monitor cash balances and cash forecasts
  • Manage foreign exchange risks
  • Work with the management team regarding debt and equity financing and capital raise process
  • Manage the treasury function for the company and joint venture interests
  • Implement operational best practices· and maintain a complete Well Cost accounting procedure for the company's well engineering operations in Ghana
  • Prepare daily and cumulative Well Cost estimates for the Well Engineering Team Ensure estimates are updated for actuals

Risk Management / Financial Compliance:

  • Prepare and implement financial policies and procedures for use within the above company and joint ventures
  • Understand and mitigate key elements of the company's risk profile
  • Work closely with the Legal Manager to monitor all open legal issues involving the company and legal issues affecting the industry
  • Oversee the negotiation of financial terms of contracts and manage their implementation
  • Maintain appropriate insurance coverage
  • Ensure contract compliance of all invoices
  • Ensure that the company's financial record keeping complies with its policy and that Well Cost files are of a sufficient standard to pass a cost recovery audit

Third Parties / Finance Staff:

  • Ensure all accounting staff have a personal development plan and are formally appraised annually, or more frequently by agreement
  • Ensure all accounting staff are provided with the necessary training and development to keep their knowledge current and relevant, and to retain their motivation and enthusiasm for their roles
  • Liaise with local and national government departments and other organizations [GNPC, PC etc.] on financial and tax related matters
  • Maintain relations with external auditors and investigate their findings and recommendations
  • Support and promote the HSEQ initiatives and programmes within the company


Qualifications and Requirements

  • MBA Finance from a reputable university. A Chartered Accountant (CA) qualification is mandatory
  • An engineering background will be an added advantage  
  • The ability to lead, motivate and provide expert accounting advice to the entire SEP team
  • Detailed knowledge of the international Oil & Gas industry
  • A minimum of 10 years' experience in an E&P company in the Oil and Gas industry, at least 5 of which must have been in an executive financial role
  • Commercial experience in the oil and gas industry is a plus
  • Sound grasp of Project Finance and fundamentals of upstream project economics
  • Demonstrable evidence of influencing, managing or controlling projects using an assurance/control framework and managing relationships and stakeholders in a complex and changing business environment
  • Proven Mentoring /Coaching & Training Skills
  • Proven appropriate management skills, Joint Venture management and senior stakeholder management experiences

This job originally appeared elsewhere.