Position: Chief Financial Officer - Oil Operator
Type: Permanent
Location: Turkey, Ankara
Remuneration: £90K-£120K GBP or $109K -$146K + flights, accommodation, car, medical+++

Overview

URGENT: A leading independent oil and gas exploration and production Company seeks a Chief Financial Officer (CFO) to take responsibility for their administrative, financial, and risk management operations. Applicants invited with a financial qualification and a minimum of 15 years’ commercial experience, with at least 5 years in a senior management position – an ideal role for someone doing this role or looking for their next career move! Fluency in English is a must. This is an exciting role, where you will join the management team and contribute across a broad area of strategic, tactical and operational management decision-making and help prepare them for public listing. The package offers: airfare, accommodation, car, schooling support, work permit etc.

This oil and gas exploration and production Company has been in operations since the 1960’s and plays a pivotal role in the development of Turkey’s upstream sector. They hold a balanced portfolio of exploration and production onshore assets. Their operational headquarters is located in Ankara, Turkey with field offices located at operating sites for production leases.

With a strong management team and financial commitment, they aim to build upon past success, acquiring more leases, drilling more wells, increasing production, adding to their infrastructure and above all, delivering greater value to their investors. Their innovative management strategies aim to achieve a publicly traded Company in the near future.

The current CFO is due to retire in late September and as such, the Company aim for the new CFO to commence in July (or earlier) for a successful hand over.

As the CFO, you will be accountable for the administrative, financial, and risk management operations of the company, which includes 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 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 generally accepted accounting principles or international financial reporting standards. You will also be responsible for overseeing and directing the organization's financial goals, objectives, budgets, cost benefit analysis, forecasting needs and the securing of new funding. You will supervise the finance unit and become the chief financial spokesperson for the Company.
 
Responsibilities

Reporting to the CEO the essential responsibilities and duties are:

• Take responsibility for the financial stewardship of the business and manage the Finance Team.
• Build good working relationships with all team members – Financial Controllers, Auditors, Accountants – there is approximately 20 people in the team.
• Regulate, supervise and implement a timely, full and accurate set of accounting books of the Company, reflecting all of its activities in a manner commensurate with relevant legislation and regulation in the territories of operation of the Company and subject to internal guidelines set from time to time by the Board.
• Prepare and present for the approval of the Board an annual budget, other forecasts, business plans, feasibility studies, investment memoranda and all other financial and business documents as may be required from time to time by the Board.
• Provide leadership in the development for the continuous evaluation of short and long-term strategic financial objectives and assist in performing all tasks necessary to achieve the organization's mission and help execute staff succession and growth plans.
• Implement financial audit and control systems to monitor the performance of the Company, its flow of funds, expenditures and income, and variances from budget.
• Ensure credibility of the company by providing timely and accurate analysis of budgets, financial trends and forecasts.
• Participate in developing new business, specifically: assist the CEO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining cost effectiveness of prospective service delivery.
• Assess the benefits of all prospective contracts and advise the Executive Team on programmatic design and implementation matters.
• Oversee the management and coordination of all fiscal reporting activities for the organization including: organizational revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of organizational and contract/grant budgets.
• Carry out regulatory reporting and liaise with the Company’s auditors, financial advisers and lawyers, as required.
• Develop and maintain systems of internal controls to safeguard financial assets of the organization.
• Monitor banking activities of the organization.
• Ensure adequate cash flow to meet the organization's needs.
• Timely, regularly and duly prepare and present to the Board monthly financial information and reports as deemed necessary and demanded from time to time by the Board.
• Prepare quarterly and annual fair value reports.
• Prepare summaries and forecasts for future business growth and general economic outlook.
• Oversee Accounts Payable and Accounts Receivable and ensure a disaster recovery plan is in place.
• Construct and monitor reliable control systems.
• Comply with all reporting, accounting and audit requirements imposed by the authorities in those countries in which the Company operates.
• Become the chief financial spokesperson for the Company

Preferences

The successful candidate will have:

• A recognised professional accounting qualification essential – e.g., CIMA, ACCA or/and AAT…
• Minimum 15 years’ commercial experience with at least 5 years in a senior level financial position essential.
• Experience of International Financial Reporting Standards (IFRS) desired.
• A broad understanding of all aspects of financial functions and controls essential (e.g. regulatory reporting, taxation, credit control, treasury functions, budgets, financial trends, forecasting, board reporting etc.).
• Previous experience working for an oil and gas Operator advantageous.
• Proven experience of operating in a fast-paced, change environment essential.
• Ability to build and sustain relationships at all levels of the business, gaining engagement and commitment to ideas and proposals.
• Strong interpersonal skills with the ability to work across various levels essential.
• Confident, enthusiastic and persuasive with the drive and influence to successfully drive the strategic direction and goals.
• Experience of becoming a listed company highly desired.
• Innovative with the energy, ambition and enthusiasm to grow and lead in an expanding and evolving company.
• A proven leader with a track record of developing high performing teams to accomplish Company goals.
• Strong analytical, presentation and IT skills essential.
• Fluency in English, written and spoken, essential

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