Project Lead – Finance

 

Contract type: Consultant, estimated duration 12 to 18 months.

Location: Luanda, remote work can be accommodated for set periods. 

 

Accountable for ensuring the Company’s financial, petroleum accounting and petroleum economics capabilities for the new asset are fully configured and operational from Day 1. Establishes robust financial control in a PSA environment, ensuring cost recovery, profit oil mechanics, cash call management, SIOP/JOA reporting, treasury arrangements and petroleum economics assumptions are correctly structured before operatorship transfers.

WORKSTREAMS

•     Petroleum Economics: Transferring and validating the economic and fiscal model from the outgoing operator; setting up PSA economics, including cost recovery, profit oil and government take; production, cost and revenue assumptions; scenario analysis and decision-support economics; and aligning the economic model with transition and early-operations priorities.

•     Petroleum Accounting & Finance: Transferring and validating financial data from the outgoing operator; setting up petroleum accounting processes, including cost recovery accounting, cost classification and audit trail; cash call management; SIOP reporting; JOA financial reporting; treasury and funding structure; and financial controls and reconciliation processes.

KEY RESPONSIBILITIES

•     Financial data transfer: Ensuring completeness, accuracy and usability of financial records, balances, obligations, cost history and open items received from the outgoing operator.

•     Petroleum economics: Owning the economic and fiscal model for the asset, ensuring PSA assumptions, cost recovery logic, profit oil mechanics, government take and key value drivers are correctly reflected.

•     PSA mechanics: Ensuring cost recovery, profit oil, government take and cash call processes are correctly understood, configured and operational from Day 1.

•     Reporting compliance: Ensuring SIOP, JOA and other required financial reports are accurate, consistent and delivered on time from the first reporting period under the Company’s operatorship.

•     Treasury and liquidity: Owning the short-term funding structure covering the first months of operatorship.

•     Reconciliation: Identifying, explaining and resolving financial gaps, inconsistencies, open items and differences between the outgoing operator’s records, the Company’s records, and PSA/JOA and partner requirements before handover.

KEY COMPETENCIES

•     PSA expertise: Has worked inside a production sharing agreement and understands how cost recovery, profit oil and government take interact in practice.

•     Financial control: Comfortable establishing accounting processes and controls.

•     Analytical rigour: Equal to the significant financial complexity of a deepwater PSA transition.

•     Regulatory interface: Able to work with ANPG and Sonangol on financial reporting, with the confidence that comes from having done it before.

•     Project management: Able to sequence a multi-track finance and accounting readiness programme against a fixed Day 1 deadline.

EXPERIENCE & REQUIREMENTS

•     Experience: Minimum 10 years in petroleum economics, upstream finance or financial management within Oil & Gas.

•     PMI track record: Experience managing financial transitions in integrations, carve-outs, asset acquisitions or operator changes is strongly preferred.

•     Alternative benchmark: Experience managing financial transitions in asset acquisitions or operator changes within a PSA environment is strongly preferred; candidates without this background must demonstrate that they have independently owned PSA mechanics, not just supported them.

•     PSA knowledge: Deep understanding of production sharing agreement fiscal frameworks, cost recovery and cash call management is essential.

•     Regulatory: Familiarity with ANPG and Sonangol reporting requirements is a significant advantage.

•     Language: Fluent English is mandatory; Portuguese is a strong advantage.

•     Working style: Able to work autonomously on a full-time basis, with in-country travel for key reporting and decision milestones.