Chief Financial Officer

Bridgemead Limited

Bridgemead Limited is a holistic and innovative business consultancy that believes in connecting businesses with the right individuals. We take pride in not just connecting clients to skilled talent but also ensuring we provide personalised solutions to all Human Resource challenges.

At Bridgemead, we offer professional and unique Human Resources solutions to facilitate specific business requirements, enabling you focus solely on your business. We are a fully outsourced platform for Small Medium Enterprises (SME’s) and our services span the full spectrum of all HR relayed business priorities. All our experts are CIPM, CIPD, SPHRI qualified with vast experience of real – life business processes.

We are recruiting to fill the position below:

Job Title: Chief Financial Officer

Location: Rivers

Employment Type: Full-time

Industry: Oil & gas.

Sector: Upstream Oil & Gas – Exploration & Production

Location: Port Harcourt, Rivers State

Employment Type: Full-Time | Executive

Reports To: Managing Director

Engagement: Executive Leadership Team & Board of Directors

About the role

• The Chief Financial Officer will serve as the company’s principal financial strategist and a key member of the executive leadership team.
• Reporting to the Managing Director and working closely with the Board, the CFO will provide strategic and operational leadership across corporate finance, financial planning and analysis, accounting, treasury, taxation, risk management, funding, internal controls and investor relations.
• A key priority will be to develop the financial systems, policies, controls and reporting structures required to support Clinton Oilfield Limited’s transition into an upstream E&P operator.
• The CFO will also lead financial modelling and funding strategies for field development, drilling programmes, production activities and other capital-intensive projects.
• The successful candidate must be comfortable operating in a growing organisation, building structures where they do not yet exist, and balancing strategic leadership with hands-on execution.

Responsibilities

Financial Strategy & Executive Leadership:

• Develop and implement a comprehensive financial strategy aligned with the company’s E&P objectives, asset-development plans and long-term growth ambitions.
• Advise the Managing Director and Board on financial performance, investment priorities, capital requirements, commercial risks and strategic opportunities.
• Translate business and field-development plans into clear financial forecasts, funding requirements and performance targets.
• Evaluate and provide financial leadership on strategic partnerships, joint ventures, farm-in/farm-out opportunities, asset acquisitions and divestments.
• Establish appropriate financial governance and decision-making frameworks to support the company’s expanding operations.

Finance Function Development:

• Build and strengthen the finance function, including its organisational structure, policies, procedures, systems, controls and reporting processes.
• Determine the financial capabilities and resources required as the company progresses through asset acquisition, exploration, development, production and commercialisation.
• Recruit, lead, coach and develop a capable finance team with the expertise required for an upstream operating environment.
• Implement fit-for-purpose financial and enterprise systems that improve reporting accuracy, cost control, operational visibility and scalability.

Capital Planning & Fundraising:

• Develop funding strategies for drilling, field development, production infrastructure and other major capital programmes.
• Lead engagement with banks, development finance institutions, private equity investors, strategic partners and other potential funding sources.
• Evaluate and structure debt, equity, project finance, reserve-based lending and other appropriate financing arrangements.
• Develop credible financial models, investment cases, lender presentations and investor materials.
• Lead financial due diligence and support negotiations relating to financing, partnerships and major commercial transactions.

Financial Planning, Modelling & Performance Management:

• Lead annual budgeting, long-range financial planning, forecasting and scenario analysis.
• Develop integrated financial models covering exploration, drilling, field development, production, operating expenditure, capital expenditure and projected cash flows.
• Conduct sensitivity and scenario analyses covering oil prices, production volumes, exchange rates, inflation, project costs and development timelines.
• Establish financial and operational performance indicators and provide timely management and Board reports.
• Monitor expenditure against approved budgets and ensure financial resources are allocated to priority activities.
• Provide early warning of cost overruns, funding gaps, cash-flow pressures and other emerging financial risks.

Accounting, Reporting, Treasury & Internal Controls:

• Oversee accounting, financial reporting, treasury, cash management, payroll, taxation and audit activities.
• Ensure timely preparation of accurate management accounts, statutory financial statements, budgets, forecasts and Board reports.
• Establish strong internal controls, authorisation limits, segregation of duties and financial policies appropriate for a growing E&P organisation.
• Ensure compliance with IFRS and applicable Nigerian accounting, corporate and taxation requirements.
• Coordinate external audits and maintain effective relationships with auditors, tax advisers, banks and other professional service providers.
• Establish appropriate accounting and cost-allocation practices for licences, exploration expenditure, drilling activities, field-development costs, production operations and joint arrangements.

Commercial & Operational Financial Management:

• Work closely with drilling, operations, technical, commercial, procurement and supply-chain teams to improve cost visibility and financial discipline.
• Assess the financial implications of field-development plans, drilling programmes, technical contracts and operational commitments.
• Support contracting and procurement decisions through commercial analysis, affordability assessments and value-for-money reviews.
• Develop effective cost-control processes covering capital projects, contractors, vendors, equipment, materials, logistics and field operations.
• Monitor project economics and provide financial insight to support operational and investment decisions.

Governance, Compliance & Risk Management:

• Ensure financial activities comply with the Petroleum Industry Act (PIA), Companies and Allied Matters Act (CAMA), applicable tax legislation and other relevant Nigerian regulatory requirements.
• Support compliance with the requirements of relevant regulatory frameworks and reporting standards.