Job Description

Country
Oman
City
MUSCAT
Workplace location
MUSCAT-MINARET AL QURUM(OMN)
Employer company
TotalEnergies Renewables Development Middle East
Domain
Finance
Type of contract
Fixed term position
Experience
Minimum 6 years

Context & Environment

Competitive environment: the business operates in a very competitive environment with both local and international players. Constant technical evolutions required to remain competitive, to have in place active cost reduction and performance improvement processes, to develop and implement strategies not purely based on price so that the business protects value.
Regulatory environment: each Country has its specificities that generates constrains and opportunities. Rules constantly evolve and the business is requested on a regular basis to adapt its strategy and/or business model.
Business environment: to operate in partnership with other Company’s affiliates to ensure consistent approach to customers, One TotalEnergies structures used, communications coordinated, opportunities created by leveraging the Company.
HSE environment: to ensure that the highest standards of HSE are implemented to meet Company’s standards. This can often involve implementing additional processes beyond what is market standard.

Activities

Team Management

Direct: Responsible for a team of Finance Manager and Assistant Finance Manager(s).
Functional / Transversal: Supervision and close coordination with external stakeholders (outsourcing accounting firm, auditors, tax advisors, insurance brokers, lenders, lenders advisors).
Contributes to budget and LTP exercise on the Oman perimeter.

Senior Finance Manager (SFM) will oversee Finance, Accounting and Reporting activities for two to five Joint Venture Special Project Companies (SPC) which will design, build, own and operate medium size (100 MW to 500 MW) utility scale solar PV and wind power plants in Oman. The SFM will be seconded part-time to each SPC (and reports directly to respective project company’s EMD/GM), and will oversee the spending of a 250 to 625 mUSD of CAPEX Budget, financed in majority from non-recourse Banking Facilities.

For each SPC:

SFM will be responsible for all finance, accounting, treasury, reporting, tax and IT functions.
Oversee the billing and collection coordination function of the Company.
Monitor risk management activities, including administration of insurance policies, in consultation with the EMD, and prepare annual progress reports to the Board.
Provide analysis and reporting of project company performance, compliance, tax, insurance, budget, internal control and risk management.
Reviews and analyses all contracts and ensures appropriate accounting work is completed. Manages and coordinates the appropriate purchase orders in the system. Is in close contact with the plant team to understand progress in the project activities and supports invoice and contract disputes where applicable. Ensures all project costs are reconciled and recorded for month-end activities. Interprets events and activities from a financial perspective (daily, monthly, quarterly, and annually).
Monitors project costs and compares against the plan. Provides frequent feedback to operations. Provides regular updates to the EMD and shareholders including preparation of management presentations. Coordinate and report major deviations and highlight potential areas for improvement.
Leads all financial planning activities with respect to monthly, quarterly and yearly forecasts.
Maintains financial and accounting controls and oversee adherence to project company policies.
Administer hiring and purchase decisions made by the O&M Manager or EMD.
In preparation for each meeting of the project company’s Board of Directors (BOD), he/she will prepare, at a minimum, the following information:
- Quarterly project cost and sources of finance analysis of expenditures and cash flows comparing actuals with budget / base case financial model parameters.
- A forecast of expenditures.
- In case of any requirement of any expenditure not included in the base case financial model - a detailed note shall be prepared for the Board for approval of such expenditure.
Attend the BOD meetings to support the EMD in providing any clarifications necessary to the financial reports and to respond to questions from the directors.
Participate in negotiating and drafting term sheets, purchase agreements, and financing documents, if required.
Maintain relationships with the project company shareholders, investment bankers, and advisors.
To ensure that the project company complies with the commercial/financial requirements of the project documents and governmental policy/ regulations.

Candidate Profile

At least 6 years of oil & gas or power sector accounting, finance and strategy experience.
Must have credible exposure to large infrastructure project finance management in JV context.
In minimum possess a bachelor’s degree in finance, accounting, business or equivalent from an accredited university or possess a professional accounting qualification (CA/ACCA/CPA).
Preferable to be familiar with renewable energy non-recourse financing structures.
He/She should be able to manage personnel performing accounting, treasury, audits and similar finance management and reporting requirements – A CFO or Finance Manager previous position would be a huge plus.
IFRS knowledge and demonstrated financial/business analysis/cost control skills.
Fluency in English with strong written and oral communication skills.
Strong presentation and negotiation skills.
Capable of understanding and communicating complex financial issues in a timely, concise, and objective manner.
Excellent ability to analyze and recommend solutions to a variety of difficult situations and problems.
Strong computer skills, including spreadsheet and database applications.
Experience managing a small team of employees.

Additional Information

TotalEnergies values diversity, promotes individual growth and offers equal opportunity careers.

About TotalEnergies

Have you ever thought of offering your skills and expertise to a multinational company?

Give your best to better energy and make the commitment with TotalEnergies. With over 500-plus professions in 130 countries, we offer high safety and environmental standards, strong ethical values, an innovation culture and wide-ranging career development. Be part of the global team whose mission is already shared by 105,000 employees : to be a world-class player in the energy transition

Industry

Oil, Gas & Mining

Company Size

10,000+ employees

Headquarters

Paris La Défense Cedex, FR

Year Founded

Unknown

Website

totalenergies.com

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