Finance Manager at Vagan Oil & Gas Limited

Responsibilities

• Develop and maintain financial models for project budgeting and forecasting.
• Monitor project financial performance against budgets and forecasts.
• Provide financial analysis and insights to support decision-making.
• Prepare and manage annual budgets and financial plans.
• Generate accurate and timely financial reports, including variance analysis.
• Oversee day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger.
• Ensure compliance with accounting standards, regulations, and internal policies.
• Implement effective cash management strategies and optimize working capital.
• Collaborate with project managers to track project expenses and revenues.
• Ensure accurate allocation of costs to projects and timely invoicing of clients.
• Provide financial support and guidance for project proposals and contracts.
• Lead and mentor the finance team, fostering a culture of continuous improvement and professional development.
• Ensure the team adheres to best practices and maintains high standards of financial integrity.
• Relating with Project and personnel managers to obtain Contracts and PO documents and interpreting the financial implications to actualise the financial objectives of the company.
• Oversee and coordinate daily accounting and financial task of the finance department.
• Interface with bank officials, external auditors and government agencies regarding financing, tax and other financial regulatory requirements as the case maybe.
• Classifying the project and personnel contracts and POs into their revenue and cost centres-(not budgeting) – educating accounts personnel on recording and classification transactions into different line items
• Track transactions, recognise and report operating and capital expenditures according to up to date accounting standards on weekly, monthly and annual basis to the management for informed decision making.
• The reporting may take the form of:
  • Ad hoc financial report.
  • Biweekly /Monthly income and expenditure report.
  • Statement of Income & Expenditure.
  • Statement of Financial Position.
  • Cash flow Statement.