Africa is a huge continent with huge resources - the greatest of which are its people and natural resources. While Africa has struggled to find its rightful place in the world economy, this has not in any way, diminished its potential or capabilities. Africa has amazing talents and our role as leaders and entrepreneurs is to harness these talents to propel us forward as we steadily advance on the global economic grid. Ralds & Agate is a Business Management Consulting firm focused on providing People and Process related solutions to businesses, communities and organizations within and outside Africa. Our focus is on People and Processes. Developing the potential within our people. to improve business practices, unleash creativity and enhance industrial productivity.
Purpose of the Job
- The role holder is responsible for managing the full budgeting cycle and implementing robust cost control frameworks to ensure alignment of expenditures with approved financial and operational targets.
- This role provides management with accurate cost reports, variance analyses, and forecasts, enabling proactive decision-making. It serves as a bridge between Finance, Project Managers, and Asset Teams to promote accountability, transparency, and cost efficiency across projects and operations.
Job Responsibilities
- Budgeting & Planning
- Lead the development and consolidation of annual budgets in collaboration with asset managers, department heads, and project teams.
- Translate operational and project plans into financial budgets, ensuring consistency with corporate objectives.
- Develop and maintain budget models, templates, and guidelines to support accurate planning.
- Cost Control & Monitoring
- Implement and oversee detailed cost control systems, tracking actual spend against approved budgets and AFEs (Authorizations for Expenditure).
- Investigate variances, identify root causes, and recommend corrective actions.
- Ensure that all cost data is accurate, timely, and aligned with company accounting policies and JV requirements.
- Forecasting & Reporting
- Manage monthly and quarterly expenditure re-forecasting, providing early warning of potential overruns or underspending.
- Prepare and deliver timely cost performance reports and dashboards for senior management.
- Support decision-making by providing actionable insights on expenditure trends, cost efficiency, and resource utilization.
- Stakeholder Engagement
- Partner with project managers and asset teams to monitor project expenditures and improve financial accountability.
- Liaise with JV finance, auditors, and regulatory bodies to support transparent reporting and compliance.
- Provide training and guidance to non-finance staff on cost control principles and practices.
- Process & Systems Improvement
- Continuously improve budgeting, forecasting, and cost reporting processes, tools, and methodologies.
- Leverage ERP systems and analytical tools to enhance data accuracy and reporting efficiency.
- Promote standardization and best practices across cost management processes.
Requirements
- Bachelor’s Degree in Finance, Accounting, Engineering, or a related field. A Master’s Degree or MBA is an advantage.
- Professional certifications such as CPA, CMA, ACCA, or PMP are highly desirable.
- A minimum of 4 years of experience in budgeting, cost control, or financial management within the oil and gas industry.
Knowledge and Skills:
- Knowledge, experience and proficiency demonstrated in all the activities described above.
- Proficient in financial modeling, cost management software (e.g., SAP, Oracle), and MS Excel.
- Strong knowledge of upstream oil & gas project economics, AFEs, and cost control frameworks
- Ability to present complex financial data in clear, actionable insights for decision-making.
- Familiarity with IFRS/GAAP and JV accounting practices.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively in a team environment.
Method of Application
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