Finance & Reporting Manager

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Finance & Reporting Manager

  • Location:

    Cairo, Egypt

  • Contact:

    Salem Mubarak

  • Contact email:

    salem@paragon-ge.com

  • Job ref:

    283

  • Published:

    9 days ago

  • Expiry date:

    2025-07-05


Paragon GE is looking for a Finance & Reporting Manager for a position with an E&P company in Egypt.

This is a staff permanent role and will be office based in Cairo.

Candidates must have a minimum 12 year’s oil and gas industry finance and accounting experience, 3 years in a supervisor capacity, recognized professional accounting qualification. Candidates must also have Joint Venture experience and ideally have experience working in Egypt or other MENA countries for an E&P company.

This position is open to locals only.

PositionTitle: Finance & Reporting Manager
StafforTemp: Staff
Location: Cairo, Egypt   

Job Purpose

  • Develop and implement control & monitoring process between JV and Shareholder office to ensure compliance to the respective Agreements.

  • Manage the accounting system in Egypt.

  • Provide full mapping for actuals from JV to Planning & Economics team to feed the performance management cycle. 

  • Lead the full accounting cycle for the shareholder side covering DDA, revenue reporting, excess, payable/receivable and treasury to ensure full financial statements are prepared based on IFRS.

  • Manage the receivable collection with EGPC as well as lead monitoring cost recovery and government auditing.   


Job Responsibilities
Manage the accounting system and lead migration to SAP.

  • Manage the control process including policies and procedures to ensure compliance with the Concession Agreements.

  • Regularly review the effectiveness and appropriateness of finance operation policies and procedures and recommend changes when necessary.

  • Monitor and ensure compliance with financial reporting requirements under the terms of the governing Agreements and Joint Operating agreements on aspects such as budgets, cost recovery and taxation.

  • Ensure appropriate changes to systems, procedures and working practices for better control and efficiency for each International operations. Manage update of the manual procedures when required.

  • Maintain regular communication with HQ to ensure alignment.

  • Manage relation with external auditors and ensure compliance to any findings and implement forward.

  • Lead the Treasury & AP function, managing cash forecast, monitoring bank balances, payroll management and overview vendor payments.

  • Ensure safeguarding company’s operation by implementing provisions in the governing Agreements.

  • Monitor CAPEX & OPEX ensuring appropriate approval controls, accurate tracking of expenditure, identification, and analysis of budget variations, making recommendations as appropriate on how variations should be resolved.

  • Review all Investment Memos to ensure compliance with DO accounting procedures. Supervise the day-to-day activities of the team to ensure smooth work flow.

  • Develop Key Performance Indicators (KPIs), goals and objectives for the team.

  • Ensuring best working practice and process to ensure the team KPIs, goals and objectives are met.

  • Determine appropriate staffing level to ensure that all management requirements are met.


Job Requirement

  • Software Skills - MS Office

  • Financial Authority Manual (FAM)

  • Review of Contractor and Supplier Invoices

  • Department Objectives and KPIs

  • Financial Risk Management

  • Audit Process

  • Organization and Management of Meetings

  • Standard Operating Procedures

  • Corporate Governance

  • Annual Audited Financial Statements

  • Cost Recovery - Venture and Operating Agreements and Contracts

  • Corporate Reporting - Internal

  • Joint Venture Reporting

  • Vendor and Contractor Financial Risk Assessment

  • Preparation of Financial Statements and Consolidation

  • Financial Forecasting, Planning, and Control

  • Financial Compliance - Venture and Operating Agreements and Contracts

  • Annual Work Program and Budget (WP&B)

  • Report writing

  • Business Continuity and Disaster Recovery Planning

  • Finance and Accounting System (Reporting)

  • Financial Close Out of Projects and Contracts


Job Factors

Minimum Education Level Required: Bachelor’s degree in Accounting, Commerce and Finance
Certificate: ACCA/ICAEW/CIMA/CMA/CPA is a plus

Certifications
Certificate:   CPA or CFA is preferred

The minimum years of experience required (All qualification listed Must be job related)
Minimum 12 years oil and gas industry finance and accounting experience, 3 years in a supervisor capacity, recognized professional accounting qualification.