Chief Financial Officer

Job title: Chief Financial Officer

Stream: Finance & Procurement

Function: Finance & Procurement

Location: Oman – Muscat

Budget control:
* OPEX and/or CAPEX and/or Revenue amount as relevant*

Reporting to: Chief Executive Officer

• VP, Finance
• VP, Contract & Procurement
• Head of Investor Relation
• Business Partner Finance & Procurement

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 & Analysis (FP&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’s representative in developing and nurturing strong professional relationships with banks, funding institutions, relevant government ministries, key suppliers, and shareholders to ensure that OQEP’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’s Mission, Vision, Values & Strategies, as well as, policies, guidelines, and international standards, supported by an IT Technology platform, QHSE & Energy Management System requirements standards, Omani’s government & other legal justifications, and best international practices in consonance with national objectives.

• Finance Controlling:
  Direct and oversee 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.
• Treasury:
  Direct and oversee 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.
• Budgets and Plans:
  Direct and oversee 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.
• A key member in the Operated and Non-operated blocks…