Chief Financial Officer

The successful candidate must be comfortable operating in a growing organisation, building structures where they do not yet exist, and balancing strategic leadership with hands-on execution.

The CFO will also lead financial modelling and funding strategies for field development, drilling programmes, production activities and other capital-intensive projects.

The Chief Financial Officer will serve as the company’s principal financial strategist and a key member of the executive leadership team.

A key priority will be to develop the financial systems, policies, controls and reporting structures required to support Clinton Oilfield Limited’s transition into an upstream E&P operator.

Reporting to the Managing Director and working closely with the Board, the CFO will provide strategic and operational leadership across corporate finance, financial planning and analysis, accounting, treasury, taxation, risk management, funding, internal controls and investor relations.

Responsibilitie

Financial Strategy & Executive Leadership:

Evaluate and provide financial leadership on strategic partnerships, joint ventures, farm-in/farm-out opportunities, asset acquisitions and divestments.

Establish appropriate financial governance and decision-making frameworks to support the company’s expanding operations.

Translate business and field-development plans into clear financial forecasts, funding requirements and performance targets.

Advise the Managing Director and Board on financial performance, investment priorities, capital requirements, commercial risks and strategic opportunities.

Develop and implement a comprehensive financial strategy aligned with the company’s E&P objectives, asset-development plans and long-term growth ambitions.

Finance Function Development:

Determine the financial capabilities and resources required as the company progresses through asset acquisition, exploration, development, production and commercialisation.

Build and strengthen the finance function, including its organisational structure, policies, procedures, systems, controls and reporting processes.

Implement fit-for-purpose financial and enterprise systems that improve reporting accuracy, cost control, operational visibility and scalability.

Recruit, lead, coach and develop a capable finance team with the expertise required for an upstream operating environment.

Capital Planning & Fundraising:

Evaluate and structure **debt, equity, project finance, reserve-based lending and other appropriate financing arrangements**.

Lead engagement with banks, development finance institutions, private equity investors, strategic partners and other potential funding sources.

Develop credible financial models, investment cases, lender presentations and investor materials.

Lead financial due diligence and support negotiations relating to financing, partnerships and major commercial transactions.

Develop funding strategies for drilling, field development, production infrastructure and other major capital programmes.

Financial Planning, Modelling & Performance Management:

Monitor expenditure against approved budgets and ensure financial resources are allocated to priority activities.

Conduct sensitivity and scenario analyses covering oil prices, production volumes, exchange rates, inflation, project costs and development timelines.

Develop integrated financial models covering exploration, drilling, field development, production, operating expenditure, capital expenditure and projected cash flows.

Lead annual budgeting, long-range financial planning, forecasting and scenario analysis.

Provide early warning of cost overruns, funding gaps, cash-flow pressures and other emerging financial risks.

Establish financial and operational performance indicators and provide timely management and Board reports.

Accounting, Reporting, Treasury & Internal Controls:

Oversee accounting, financial reporting, treasury, cash management, payroll, taxation and audit activities.

Ensure timely preparation of accurate management accounts, statutory financial statements, budgets, forecasts and Board reports.

Establish appropriate accounting and cost-allocation practices for licences, exploration expenditure, drilling activities, field-development costs, production operations and joint arrangements.

Ensure compliance with IFRS and applicable Nigerian accounting, corporate and taxation requirements.

Coordinate external audits and maintain effective relationships with auditors, tax advisers, banks and other professional service providers.

Establish strong internal controls, authorisation limits, segregation of duties and financial policies appropriate for a growing E&P organisation.

Commercial & Operational Financial Management:

Work closely with drilling, operations, technical, commercial, procurement and supply-chain teams to improve cost visibility and financial discipline.

Develop effective cost-control processes covering capital projects, contractors, vendors, equipment, materials, logistics and field operations.

Support contracting and procurement decisions through commercial analysis, affordability assessments and value-for-money reviews.

Assess the financial implications of field-development plans, drilling programmes, technical contracts and operational commitments.

Monitor project economics and provide financial insight to support operational and investment decisions.

Governance, Compliance & Risk Management:

Support compliance with the requirements of relevant authorities, including the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Federal Inland Revenue Service (FIRS) and Nigerian Content Development and Monitoring Board (NCDMB).

Identify and manage risks relating to funding, liquidity, foreign exchange, commodity prices, taxation, fraud, internal controls, project delivery and contractual obligations.

Promote a culture of accountability, transparency, ethical conduct and financial discipline throughout the organisation.

Ensure financial activities comply with the Petroleum Industry Act (PIA), Companies and Allied Matters Act (CAMA), applicable tax legislation and other relevant Nigerian regulatory requirements.

Develop and maintain an enterprise-wide financial risk-management framework.

Investor & Stakeholder Relations:

Communicate the company’s financial position, funding requirements, project economics, risks and growth strategy clearly and credibly.

Serve as a key financial representative of the company in engagements with investors, lenders, regulators, auditors, advisers and strategic partners.

Build confidence among financial stakeholders through accurate reporting, strong governance and disciplined financial management.

Support Board and shareholder communications relating to financial performance, investment decisions and major corporate initiatives.

Qualifications & Experience

Essential:

Recognised professional accounting qualification such as ICAN, ACCA, CPA or equivalent.

Bachelor’s degree in Accounting, Finance, Economics, Business Administration or a related discipline.

Demonstrated experience in building, strengthening or transforming a finance function, particularly within a growing or newly established business operation.

Experience engaging banks, investors, auditors, regulators and other external stakeholders.

At least 5 years of relevant experience within upstream E&P, oilfield services, energy, infrastructure, project finance or another capital-intensive industry.

Strong understanding of upstream oil and gas economics, project financing, capital expenditure management and financial modelling.

Minimum of 12 years’ progressive experience in finance, accounting, corporate finance or investment management, including substantial senior financial leadership experience.

Strong knowledge of Nigerian oil and gas regulations, taxation, statutory reporting and corporate governance requirements.

Desirable:

Experience with joint ventures, production-sharing arrangements, asset transactions or field-development financing.

MBA, Master’s degree or other relevant postgraduate qualification.

Experience in fundraising, reserve-based lending or other structured financing arrangements.

Key Competencies:

Governance, Risk & Regulatory Compliance – Strong command of financial controls, risk management, IFRS, taxation, audit and Nigerian oil and gas regulatory requirements.

Strategic Financial Leadership & Commercial Acumen – Ability to translate corporate and E&P objectives into sound financial strategies, investment decisions and sustainable growth plans.

Capital Raising & Financial Structuring – Strong capability in fundraising, project finance, debt/equity structuring and engagement with banks, investors and strategic funding partners.

Finance Function Development & Execution – Proven ability to build systems, processes and high-performing finance teams while operating effectively in an evolving organisation.

Financial Modelling & Upstream Economics – Strong understanding of E&P economics, project evaluation, financial modelling, budgeting, forecasting and capital expenditure management.

Executive Leadership & Stakeholder Management – Ability to engage credibly with the Board, Managing Director, investors, lenders, regulators, auditors and technical teams.

The successful candidate will have the opportunity to:

Build the financial architecture required to support a growing E&P business.

Lead the development of a scalable finance function and team.

Contribute to the growth of a sustainable indigenous Nigerian energy company.

Influence major investment, funding, governance and field-development decisions.

Work directly with the Managing Director, Board, investors and other senior stakeholders.

N8,000,000 - N10,000,000 per month.

How to Apply

Interested and qualified candidates should send their CV to:

[email protected]

using "Chief Financial Officer" as the subject of the email.

Application Deadline:

11th October, 2026.

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