Shipping Companies

Cyprus

Island Oil (Holdings) LTD

Finance

Accountants

Shipping / Maritime

Scope of duties<div style="text-align: justify;"> </div>FM is a key functional member of CFO’s close team. FM is responsible for ensuring that the Group’s cash and finance resources are utilised in the most efficient and effective way. This is done through:<div style="text-align: justify;"> </div><ul style="text-align: justify;"><li>Careful planning and management of cash flow.</li><li>Takes pre-emptive steps to ensure that cash is available to cover the Group’s obligations and future cash flow needs.</li><li>Seeks cost effective financing, explores methods for minimising risks derived from fluctuations in interest rates, exchange rates and oil price fluctuations. </li><li>Monitors closely key balance sheet ratios in relation to gearing, working capital management and the financial structure of the Group in close cooperation and under the policies agreed with CFO.</li></ul><div style="text-align: justify;"> </div>Responsibilities<div style="text-align: justify;"> </div><ul style="text-align: justify;"><li>Manages the Finance Function.</li><li>Monitors Group Cash Flow position on a daily basis.</li><li>Ensures timely preparation of payments and transfers in accordance with the Cash Flow Plan. </li><li>Approves cash flows submitted by overseas subsidiaries and checks timely funding and payment.</li><li>Reviews month end accounting entries in relation to interest receivable and payable.</li><li>Liaises with banks in relation to financing and other requirements.</li><li>Ensures that the releases (reports) for the banks are executed on a timely basis.</li><li>Assists CFO with investment appraisal studies, business plans, presentations and finance applications.</li><li>Reviews interest calculations, commitment fees and bank charges and liaises accordingly.</li><li>Oversees the opening, closing of bank accounts, Bank Letters of Guarantee, Letters of Credit and similar matters.</li><li>Seeks improvements, automation, increases in efficiency in relation to cash and financial management and makes suggestions to CFO. Oversees changes in procedures.</li><li>Monitors the preparation and submission of reports as required by the Central Bank. </li><li>Undertakes tasks in relation to CFO general scope of responsibilities and departmental needs in general, as may be required.</li><li>Implements the Group’s Management System and makes suggestions for improvements.</li></ul><div style="text-align: justify;"> </div>Required Qualification / Competencies:<div style="text-align: justify;"> </div><ul style="text-align: justify;"><li>University degree in Accounting and/or Finance, Banking or other Business or Finance related subject.</li><li>Being a member of a recognized professional accounting body (ACCA, ACA or equivalent) will be considered as an advantage.</li><li>Relevant experience of at least 3 years.</li><li>Experience in banking, cash and financial management.</li><li>Excellent knowledge of financial management, accounting, and Advance Excel.</li><li>Excellent communication &amp; interpersonal skills, reporting and management skills.&nbsp; </li><li>Excellent command of the Greek and English languages.</li><li>Leadership qualities.</li><li>Team mentoring ability.</li></ul>Benefits<ul style="text-align: justify;"><li>Competitive remuneration package offered.</li><li>13th Salary.</li><li>In hospital medical cover.</li><li>Provident fund.</li><li>Lunch.</li><li>Parking.</li></ul><div style="text-align: justify;"> </div>All applications will be treated with strict confidentiality.&nbsp; Applicants must be able to reside &amp; work within EU.&nbsp;<div style="text-align: justify;"> </div>If you wish to apply for this position, kindly send your CV at:&nbsp;&nbsp;<a href="mailto:careers@island-oil.com">careers@island-oil.com</a><div style="text-align: justify;"> </div><a href="http://www.island-oil.com">www.island-oil.com</a>

RELATED JOBS