How Nigerian Youth Organizations can get recognized by Federal Ministry of Youth Development

The Federal Minstry of Youth Development works with various organizations in achieving its aim and goal of empowering young people within Nigeria.

However, since inception of the Ministry, Youth Organizations within the country has been having issues with relating with the Ministry largely because of the existing communication system and lack of information on the possible ways to involve young people in the Ministry's project.


In fairness to the Ministry it is important to note that they would only be able to work with the young people that they know and are familiar with.

It is therefore paramount for youth organizations within Nigeria to work towards getting the recognition status with the Ministry ...This would go a long way in fostering a good working relationship with the Ministry.

The Ministry is currently working on developing the entrepreneurship capacity of young people in Nigeria and i see this as a great opportunity for young people to be involved with the workings of the Ministry, especially because the currebt Directors, Permanent Secretary, minster and the management team of the ministry are interested in working with active youth organizations

I have discussed with the staff in the department that processes the recognition process and I have been told that Youth Organizations should write directly to the minister for youth

If you are a youth organization working in Nigeria and you wish to be actively involved in the working dynamics of the Minstry of Youth, please send your letter seeking for recognition and working partnership and attach report(s) of your projects with pictorial evidence to:

Senator Olasunkanmi Akinlabi
The honorable Minister
Federal Ministry of Youth Development
3rd Floor Block C
Head of Service Building
Federal secretariat
Abuja.

Commonwealth Youth representative-Nigeria

The post of the Commonwealth youth representative has been one of active representation and advisory and integration of youth efforts in allignment with regional focus.

In time past the RYC member has been charged with the responsibility of enhancing youth participation in development in their communities and Nigeria has not been left out.

Dabesaki Mac-Ikemenjima was actively involved in intergovernmental integration on youth development in Nigeria and during his four years tenure as the rep, we worked assiduously on the African Youth charter, in fact he is described in certain quarters as a major player in the achievement of the African Youth charter

In 2009, his tenure ended and I took over march 2010 as the Commonwealth Youth Representative for Nigeria.

In March 2010, The Commonwealth Regional Mid term review meeting of senior government officials was held in Abuja and during the meeting an action plan to guide the works of RYC members was developed and by consensus I was adopted as the Deputy Chairperson for the African Regional Youth Caucus

One might want to ask what do I intend to achieve within the next two years of my tenure

1. Lobbying the Ministry of Youth Development to make it more assessable for youth organizations in Nigeria.
2. Mainstreaming the national Youth council of Nigeria-Lobbying of stakeholders of the National Youth Council to fully integrate active youth organizations and Networks within Nigeria into its structure
3. Propositions of Youth Fund Bill- this involves three processes which includes:
a. Gathering the support of stakeholders and youth leaders’
b. Writing and sending the youth bill to the house of assembly
c. Lobbying members of the house to pass the bill.
4. Integration of Youth leadership in Nigeria- this I hope to achieve by using the neutrality of my office to serve as a rallying point for bring together youth leaders. This also includes formation of a Nigerian Youth leadership Hub.
5. Engaging policy makers on expected target for youth development in Nigeria.
6. Active participation and reporting of youth activities within the Country in my quarterly report to the Commonwealth Secretariat
7. Implement the task allotted to me in the action plan for RYCs
8. Carryout my duties on the regional scene as the Deputy Chair for Africa region

It is based on the above mentioned that I believe my work as the Youth representative will be judged and criticized after two years.

In line with the above mentioned I have kick started the first point on the action which involves youth organizations and the Ministry of youth development.

I am sending is as a call to my colleagues to reach out and work towards the goal of youth development in Nigeria in a united format…, letting go of personal gains and benefits. I seek your help in making this happen and look forward to working with everyone.

Please you can reach me by mail
asalaewajesu@gmail.com

Thank You
EwaJesu Asala
Nigerian Representative: Commonwealth Youth Caucus
Deputy Chairperson, Commonwealth African Regional Youth Caucus.
Country Director-African Women and Youth Organization

Call for Papers-NETs2010

The international conference on internet studies is currently calling for papers http://conference.academic-journal.org/NETs2010
Organized by: Academy of Taiwan Information Systems Research(ATISR.)
Sponsored by: International Business Academics Consortium(IBAC.)

Call for Papers :download
The 2010 International Conference on Internet Study (NETs2010) will be held on November 25-27, 2010, in Taipei, Taiwan. This conference provides a forum for researchers and practitioners to exchange research results and share development experiences on internet study.

The upcoming NETs2010 conference covers, but not limited to the following areas:

Electronic Commerce-Technology Digital payment systems
Authentication
Privacy-enhancing technologies
Information security
Databases and data mining
other relative topics

Electronic Commerce- Management/Marketing Internet Advertising
Internet Banking
Online consumer behavior
Online retailing
Trust on the Net
other relative topics

Cyber Society cyber law and cyber crime
cyber sex and cybering
ethic in cyber society
online friendship and virtual relationship
social communications on the internet
other relative topics

Cyber Education computer and education
e-learning evaluation and content
e-learning technologies, standards and systems
mobile learning
organization learning
virtual learning environments
other relative topics

leadership challenges

It was really interesting to experience the effect of leadership on one's action,reaction and response to issues of life.

recently i became the Commonwealth youth representative for Nigeria and all of a sudden i start experiencing caucus camps on different opinions affecting young people in Nigeria.

In times past my views has always been based on my perspective and analysis of situation and what i believe should be happening, but now the tune of the music has changed.... a blunt opinion has been replaced with an honest opinion..., in a diplomatic manner...l always have to look for common grounds to merger various opinions..., and mine has to be drawn AFTER listening to others.

l have however looked at creating my inner circle..., with these people i do not have to lead...l just have to be EJ.

The difference between a leader and a follower is really perspective and as i work towards finding a rallying point for youth leaders in Nigeria, am hoping i get it right...., if just for the purpose of proving that young people with the country are coordinated and have the skills to lead the country to great heights as against the opinion that we are not good enough....then it is worth every sweat i break.

As i read my favorite book- The Holy Bible...and study about Moses....especially the way he kept the staff with him throughout his lifetime....i wonder what is my staff and how i can guard it jealously to achieve leadership success.

World Bank Essay on Youth Unemployment

Youth Unemployment

WANTED: Your Practical Ideas

Current world population includes an estimated 1.2 billion young people between the ages of 15 and 24 years, which is about 24.7% of the world’s working age population. Worldwide youth unemployment is high, almost three times higher than the adult unemployment rate. With the economic downturn, the worldwide youth unemployment is expected to reach 15% in 2009 (International Labor Organization, 2008). In certain parts of the world, i.e., Sub-Saharan Africa, youth unemployment rates can be as high as 60%. More than one third of the young people in the world are unemployed, have completely given up looking for a job or are working but still living below the $2 a day poverty line (ILO), or have migrated. Young job seekers face increasing difficulties finding work in the current economic scenario.

How can youths be part of the solution?

The Essay Competition 2010 invites youths to share ideas on:

How can you tackle youth unemployment through youth-led solutions?

Please answer both questions:

1. How does youth unemployment affect you, your country, town or local community?

2. What can you do, working together with your peers, to find a sustainable solution for job seekers through youth entrepreneurship? Think specifically about the barriers youths face in the labor market and how to tackle difficulties in accessing capital for business startups.

We encourage you to give concrete examples if you have personal experience as a young entrepreneur and if not share your ideas about how you would go about creating a business/ work opportunities in your local community/ town/ country.

For more information see

www.worldbank.org or www.essaycompetition.org

Standard Bank Spring Internship

Look no further than the Standard Bank Spring Internship!The Visible Women Campaign has partnered with Standard Bank to offer 20 internship opportunities to first and second year female students interested in finding out more about the wonderful world of investment banking.Before we officially open the application process we are giving you the chance to pre-register your interest with us and be the first in the line to apply for this exclusive opportunity.


The Spring Internship will take place on the 19-23 April 2010 and all your travel and accommodation will be covered for the duration of the internship.So... if you are female student (Home/International-any degree discipline) in your first or second year at a UK university we want to hear from you!Pre-register your interest my sending your CV to: info@vwcampaign.co.uk

Our Polity

In recent timess alot of political tension and uncertainty has clouded the air of Nigeria's social space...yet you wonder who the REAL actors are and what is probably going through their minds as we all await the Hand of God or the Hand of man in our polity.

A pressing question has been on my mind this January and it is 'are we being played the showbiz approach of perception and deception?'

If Mr Goodluck were to take over the helms of affairs of this nation, then it would mean that the people who own the economic might of the country also control the political might...invariably...the season for our southsouth brothers has arrived...
BiIG Question. Is the timing completely right?

This I ask based on the fact that the Southsouth were bound to come into power after the 8years of our northern brothers...please forgive my assumption but the very fabric of our Politics and Constitution is based on the seemingly unseen hands of ethnicity and therefore power rotation.

So would our northern brothers do anything to keep the power play for 8years....including the possible hostile take over?

Or would our southsouth brothers up their game and claim a right that i believe ....is theirs..or shouldn't it?

Or is the clamore for Goodluck from the camp of "his enemies" who can foresee that the current situation will destroy him thereby ruling out his ability to contest come 2015?


When will the power players finally agree on the next 'thing'? because to kid ourselves that they donot exist is to exist in Nigeria but not live in it.

Niger Delta communique

Communiqué at the end of the two (2) day sensitization workshop for Niger Delta Youths and communities leaders

Organized by Niger Delta Re-orientation Projects in collaboration with Taiwo Adewole and Associates:

At the end of the two (2) day intensive sensitization workshop, the following decisions were arrived at:

1. Security should be provided by the host communities (Community Policing) to protect, secure and hand over all governments and oil companies’ facilities to the core host communities. The oil companies should provide incentives and peaceful awards to communities that are peaceful. It was also resolved that in case of any vandalization or illegal disruption of operations, the leadership of the community should be held responsible.
2. It was resolved that the JTF should be withdrawn from the Niger Delta, especially in Gbaramatu Kingdom, in Warri South West Local Government Delta State.
3. More Industries should be sited at the oil producing communities which will lead to rapid development of the rural communities.
4. There should be fair/equal employment opportunities for host communities by the government and oil companies.
5. Provision of free education to all at all levels and international scholarship should be awarded to all deserving indigenes of the host communities and higher institutions, such as Universities, Polytechnics, Colleges of Education e.t.c should be established in the oil producing riverine communities of the Niger Delta.
6. Orientation and sensitization workshops should be organized in the core host communities on regular basis.
7. Timely response should be prepared to checkmate oil spillage from spreading to untraceable areas; the host communities should be promptly and adequately compensated. While there should be a yardstick for a sabotaged oil spillage for compensation spreading to other communities other than the community responsible for the sabotage.
8. The operational headquarters of all oil majors should relocates to the Niger Delta region.
9. There is an urgent need for the creation of more states and local governments in the Region.
10. The Youths/ stakeholders should henceforth desist from pipeline vandalism, they should protect and preserve our environment because we depend on it for survival
11. The Government through NOSDRA should adopt the GMoU model in solving. pollution and spill problems, which must involve the local communities
12. The sabotage law should be reviewed and amended.
13. Valuation commission should be put in place to work hand in hand with NOSDRA to workout real effect of oil spillage and its impact on the Environment.
14. There should be a massive construction of road networks across the Niger Delta.
15. There should be a total stoppage of gas flaring.

Career opportunities in Oando

Career opportunities in Nigeria: · Internal Control Manager · Tax Manager · Head, Internal Control & Audit · Services Manager · Financial Controller · Head Finance · Procurement Manager · Corporate Finance Manager · Financial Accountant

Internal Control Manager -------------------------------------------------------------------------------- Location: Lagos Country : Nigeria Description: The Manager will support the Group’s management to set up and guarantee maintenance of sufficient internal controls throughout the rest of the group to ensure reliability of financial reporting (in conjunction with Business Monitoring and Performance Management, Treasury, Tax and Legal). SPECIFIC DUTIES & RESPONSIBILITIES · Create a group-wide framework for internal Control · Ensure harmonization and uniformity of internal controls through the Internal Control Standards · Establish and maintain the Control and Procedures manual · Manage financial reporting control activities at Corporate and oversee these activities within the OpCos. · Coordinate group wide implementation projects for internal control · Coordinate and monitor remediation projects for significant deficiencies and material weaknesses as reported by Internal Audit and the external auditor · Assist units in documenting internal control through standard methods · Ensure consistency of assessment and monitoring approach across internal control processes · Provide assistance to units as self assessments identify material weakness requiring formulation and execution of remediation plans KEY PERFORMANCE INDICATORS · Up to date Control and Procedures Manual · Set up of controls group as agreed with the SECRemedial actions satisfactorily performed OpCo understanding of Controls (test by survey) Qualifications: · Minimum of 8 years experience (must have attained Senior Manager or Partner position) in a recognized auditing firm. · An excellent academic background essential, with a minimum of 2:1, or equivalent from a leading university · Post undergraduate qualification or degree i.e. ACCA, CFA or MBA Finance · Ability to think strategically about business issues in a transaction Strong organizational, communication, verbal and written skills · Modeling /Valuation: Ability to identify key drivers, reconcile output from different models KNOWLEDGE & SKILLS REQUIRED · Strong financial and analytical skills Excellent report writing skills · Computer literacy · Strong sense of commercial awareness · Upstream and Downstream Oil &Gas industry Business Dynamics · Strategy Development, Articulation and Execution · Power point presentation for effective dissemination of information and decision-making · Oral & Written Communication skills To apply, please send your CV with covering letter clearly demonstrating your relevant experience for the post Closing Date: 1700 hrs 18 July 2009 Contact Details: Contact Person : The Talent Search Team E-mail : oando-internalcontrol@findajobinafrica.com Reference : FJA-Oan-ICM2 Tax Manager -------------------------------------------------------------------------------- Location : Country : Nigeria Description: JOB SUMMARY The Manager will ensure that within the Group’s Corporate Responsibilities, a proper Corporate Income Tax (CIT) position is reflected in all our CIT-tax returns as well as our financials. He/ She will also ensure the appropriate CIT-payments are made in time and an open relationship is maintained with all CIT-authorities. The Manager will review potential Tax planning opportunities, and implement if it can be done in all openness and if it is a very sound opportunity. SPECIFIC DUTIES & RESPONSIBILITIES Develop Tax structure and Policy Ensure the proper CIT payments are made in time Ensure the proper CIT returns are filed in time Manage tax audits, and Tax exposures in general Within the Groups corporate responsibilities, realize tax planning opportunities In cooperation with OpCo’s, the Manager can take responsibility for other taxes such as VAT, Payroll, Sales tax, Property Tax and all other taxes related to Federal, State and Local Governments KEY PERFORMANCE INDICATORS Timely and accurate Tax reporting and filing supported by well-organized documentation adhering to Tax agencies’ policies Timely and accurate application of new Tax laws and accounting developments in a strategic manner Qualifications: Minimum of 8 years experience (must have attained Senior Manager or Partner position) in a recognized Financial Accounting firm. Must possess specialty Tax skills An excellent academic background essential, with a minimum of 2:1, or equivalent from a leading university Post undergraduate qualification or degree i.e. ACCA, CFA or MBA Finance Ability to think strategically about business issues in a transaction Strong organizational, communication, verbal and written skills Modeling /Valuation: Ability to identify key drivers, reconcile output from different models Strong financial and analytical skills Excellent report writing skills Computer literacy Strong sense of commercial awareness Upstream and Downstream Oil &Gas industry Business Dynamics Strategy Development, Articulation and Execution Power point presentation for effective dissemination of information and decision-making Oral & Written Communication skills To apply, please send your CV with covering letter clearly demonstrating your relevant experience for the post Closing Date: 1700 hrs 18 July 2009 Contact Details Contact Person: The Talent Search Team E-mail: oando-tax@findajobinafrica.com Reference: FJA-Oan-TM4 Head, Internal Control & Audit -------------------------------------------------------------------------------- Location: Lagos Country: Nigeria Description : JOB SUMMARY · The Head, Internal Control & Audit has responsibility for overseeing the day-to-day activities of the ICA Department. · The job incumbent partners with Oando’s management team, and employees at all levels, to achieve objectives consistent with the company’s corporate strategy and business goals. · This is achieved by providing periodic independent assessments of the integrity of business processes, levels of compliance to laid down procedures and controls, and also the efficiency and financial regularity of company operations. · The position incumbent champions the implementation of effective Risk Management policies, systems and controls across the company and oversees all periodic internal auditing activities, including EHS (Environmental Health & Safety) and EDP (Electronic Data Processing) audits. · The objective is to provide continuous assurance that the business, systems and operational risk exposures the company may face are understood and managed appropriately within Oando’s dynamically changing business landscape and environmental context. · Finally, the Head, ICA handles fraud detection, investigations and crisis management as may be required from time to time. SPECIFIC DUTIES & RESPONSIBILITIES Strategic · Leads the formulation and articulation of Oando’s Risk Management philosophy, emphasizing the company’s risk tolerance levels/stance and threshold points for various elements of risk · Ensures Oando is able to maintain the integrity of all business operations/ transactions and activities as the company grows, through the development, implementation and continuous monitoring of the risk management and control framework (systems, structures, policies and procedures) · Ensures shared understanding of, and creates company-wide awareness about, the various risks inherent in Oando’s business context and operations and works with various employee groups to develop and execute effective risk mitigation strategies · Facilitates the evolution of a strong and effective risk management culture across the company to ensure all business activities are carried out in accordance with relevant industry regulations, risk management standards and company policy Operational · Ensures the effective integration of Oando’s Risk Management plan with day-to-day operations, and in so doing regularly interfaces with the various functional areas, divisions and business locations, working with various employee groups to determine areas of mutual collaboration towards the achievement of compliance and business effectiveness objectives. · Establishes required assurance strategies and plans · Conducts appraisals of the adequacy/efficacy of the company’s control strategies, structures, systems and procedures · Champions initiatives related to achieving improvements in the effectiveness of the company’s risk management and control strategies, philosophies and systems · Evaluates the adequacy of controls in the company's computing and communications systems · Reviews systems and procedures across all business areas and recommending improvements to existing processes and procedures, where appropriate · Appraises the extent of compliance by various functional areas with policies, procedures, plans and legislation and monitoring actions agreed to address areas of high risk and/or control lapses observed • Appraises the economy, efficiency and effectiveness with which company resources are deployed • Assesses the accuracy and adequacy of management information • Provides advice to functional areas on various administrative and financial matters, especially those that may create risk and control lapses • Maintains contact and liaising with the company's external auditors to ensure complementary effort • Conducts ad-hoc and confidential investigations on control breaches, as may be necessary from time to time • Manages loss recoveries • Manages crises arising from situations of crystalised risk • Provides timely, comprehensive and accurate review and situational reports to all key stakeholders • Manages the performance of the ICA Manager and Senior ICA Officer . KEY PERFORMANCE INDICATORS• Compliance rate with laid down operating policies & procedures & service standards • Rate of irregular activities and frauds as a result of control lapses • Adequate inspection coverage of all Oando Group Businesses • Number of spot checks and reviews per period • Timeliness in conducting investigations • Number of queries from the regulatory authorities and external audit reports • Quality and timeliness of reports and updates • Adequacy of risks and controls of the Bank’s operational activities Qualifications: · 1st degree in Accounting, Finance, Economics or other related area. · 10 - 12 years cognate work experience, 4 years of which must have been at Senior Management level and Audit related from a reputable organization/Institution KNOWLEDGE & SKILLS REQUIRED · Oil & Gas Industry Dynamics · Products Knowledge · Audit Planning · EDP Audit · Accounting (Management & Financial) · Financial Analysis/Interpretation · Audit Investigations & Documentation · Business Process · Analytical Thinking & Conceptualisation · Budgeting & Budget Monitoring · Leadership/ Supervisory · Customer Focus/Service Orientation · Internal Controls · Oral and Written Communication · PC Utilisation · Project Management · Total Quality Management · Risk Management · Relationship Management To apply, please send your CV with covering letter clearly demonstrating your relevant experience for the post Closing Date: 1700 hrs 18 July 2009 Contact Details Contact Person: The Talent Search Team E-mail: oando-ica@findajobinafrica.com Reference: FJA-Oan-ICA1 Services Manager -------------------------------------------------------------------------------- Location : Lagos Nigeria Country : Nigeria Description : Functional Area: Administrative Services/Facilities Management, Travel Management, Logistics and management of 3rd Party Service Providers Reports To: Chief Corporate Services Officer Responsible For: Administrative Services Officers, Protocol Officer, Service Providers Overall Purpose of Job: Effectively manage the Services function for the Oando Group, nationwide. Responsibilities: Administrative Services • Supports the Chief Corporate Services Officer to develop and implement the Group Services policy and procedures. • Direct and co-ordinate the provision of adequate office support infrastructure, functional utilities and services for smooth business operations. • Develop and implement processes to improve efficiency in service delivery. • Develop services plans and administer/control budgets for office contracts, equipment and supplies. • Develop and monitors all SLAS with all 3rd Party Contractors to ensure timely delivery to the organisation Facility Management • Manage leasing and operations of facility space to ensure it remains safe, secure, and well-maintained. • Effectively manage costs (both CAPEX & OPEX) for facility maintenance and make recommendations for high-impact cost savings aligned with the strategic directions of the business • Direct the activities of service vendors and implement service quality review procedure to track and monitor the performance of service vendors and 3rd party service providers. • Direct the preparation, analysis, negotiation, and review of contracts related to services procurement and equipment maintenance. Travels Management • Lead efforts to ensure that travel policy reflect best practices in the area of travel management, focusing on efficiency and effectiveness• Plan and direct the activities of 3rd party service providers, to optimize cost savings on travel expenses• Forge meaningful relationships with airlines and hotel operators• Develop and implement strategies to manage travel budgets and maintain statistical/financial records.• Oversees the visa procurement process and the management of staff appointments with embassies. Freight Coordination/Logistics • Plan and direct import and export processes to support business and operational needs, including ensuring the development of entities freight and logistics plan. • Liaise and negotiate with vendors on freight charges and courier service agreements. • Monitor and review of SLAs with vendors to ensure cost optimization benefits are derived. Key Performance Indicators:• Adequacy and effectiveness of Oando’s service’s plan in facilitating the attainment of business goals and objectives• Effectiveness of the unit budgeting and budget monitoring efforts• Timeliness and effectiveness of service delivery management efforts• Internal Customer satisfaction levels• Performance on internal audit examinations; number and complexity of queries raised• Effective and timely delivery of all services’ function• Ease of retrieval and utilization of services-related documents and reports• Effectiveness of relationship with service providers Qualifications: • A good University degree • Minimum of 5 - 7 years work experience, preferably an Oil and Gas Multinational; • Prior General Administration experience is an advantage. Required Competencies: • Oil & Gas · Industry Dynamics • Supply Chain Management • Local & International Best Practices in Supply Chain Management • Negotiation & Contract Management • Numeracy and Analytical skills • Budgeting • Basic Accounting • Cost Control • Project Management • Creativity & Innovation • Organisation/Administration • Oral & Written Communication • Team player • Verbal and written communication skills To apply, please send your CV with covering letter clearly demonstrating your relevant experience for the post Closing Date: 1700 hrs 18 July 2009 Contact Details Contact Person: The Talent Search Team E-mail: oando-services@findajobinafrica.com Reference: FJA-Oan-SM6 Financial Controller -------------------------------------------------------------------------------- Location: Lagos Nigeria Country: Nigeria Description: The Financial Controller is responsible for maintaining the integrity of the company’s financial and accounting processes through the exercise of appropriate monitoring and control over the Company’s business processes. As the business continues to grow & expand its activities, the level, nature and range of risks facing Oando are increasing, with pressure coming from both external and internal sources. The job holder supports the ED, Finance in ensuring that appropriate financial management & control processes are in place. This is achieved through close working relationships with all Terminal Finance & Admin. Managers and Plant Accountant. SPECIFIC DUTIES Strategic: leadership, management and vision to the company’s financial structure and organisation across the divisional accounting areas to support efforts at ensuring accurate reporting of company’s profitability. Devising and implementing financial strategies and controls and developing operational financial structures and systems. Operational Significant involvement in the budgetary process to ensure all budgets adequately reflect periodic resource requirements and revenue estimates for the business; co-ordinates the periodic financial performance monitoring and reporting activities of the company. Reviews all finance & accounting processes/procedures and ensure that they follow best practice and are consistent across all transactions and activities. Coordinates all activities between the Head Office and divisional accounts functions/ activities; ensuring seamless integration of processes with a view to ensuring the maintenance of the integrity of financial information generated. Complies with regulatory and statutory requirements; monitors the Company’s financial books/position and signs off on any adjustments to ensure effective controls. Reviews and reports monthly management accounts, cash control, annual statutory accounts Manages the performance of the various personnel assigned with the primary responsibility of overseeing the finance and accounts functions at the divisions and other company installations Responsible for coaching and developing staff and identifying training requirements. Reviewing financial controls, procedures and ensuring that they are changed and improve as business activities expend. Liaising with third party for external audit purpose. Performs other assigned duties as delegated by the ED, Finance from time to time. KEY PERFORMANCE INDICATORS Effectiveness of budgetary and financial performance monitoring activities Effectiveness and adequacy of Assets & Liability, Treasury and Cash Management efforts Timeliness and accuracy of financial and management reports Effectiveness of financial controls Number and quantum of penalties imposed on Oando for non-compliance with regulations Adequacy and effectiveness of accounting processes & systems in enabling business operations Performance on external audit examinations; number and complexity of queries raised, level of suspense and unreconciled items etc. Ease of retrieval of financial information and documents Staff Satisfaction Levels Qualifications: 1st degree in Finance, Investment Management, Business Administration, Economics or Accounting. Professional Accreditation (ACA) 7-10 years cognate work experience the last 3 of which must have been in a management role within a reputable and structured business environment KNOWLEDGE & SKILLS REQUIRED Oil & Gas Industry Dynamics Product Knowledge Business & Financial Strategy Development and Execution Financial Accounting Management Accounting Financial Analysis & Interpretation Assets and Liabilities Management Networking Coordination Negotiation Business Performance Monitoring Relationship Management Leadership/Supervisory Teamwork Oral & Written Communication PC Utilisation To apply, please send your CV with covering letter clearly demonstrating your relevant experience for the post Closing Date: 1700 hrs 18 July 2009 Contact Details Contact Person : The Talent Search Team E-mail : oando-finance@findajobinafrica.com Reference : FJA-Oan-FC7 Head Finance -------------------------------------------------------------------------------- Location : Lagos Nigeria Country : Nigeria Description: The primary function and responsibility of the Finance Department is to ensure Oando S&T maintains financial integrity of its books, financial processes, procedures and financial controls in line with established accounting processes, regulations governing the business and internal control policies such that financial information is at all times accurate, comprehensive, relevant, timely and useful for decision making. The Head Finance serves as the principal executive accountable for financial strategy development and execution in Oando S&T and is responsible for ensuring the integration of both operational and financial measures aimed at efficiency, growth and profitability of the business in the long-term. The position incumbent ensures the provision of detailed financial data, as well as relevant, accurate and prompt analysis and recommendations required for daily trade financing decisions. In addition, he/she has charge of day-to-day finance and trading transactions, ensuring adequacy of funding/ liquidity for spot trades and term contracts and also ensures overall effective treasury management activities. Budgeting, financial performance monitoring and reporting are also key functions. The role is responsible for tracking (and/or developing), managing and reporting on the financing and expenditure profile of the supply and trading business (local and international trading concerns). To this end the incumbent is expected to effectively manage the acquisition, use, maintenance and disposal of all capital and financial assets of the Company. SPECIFIC DUTIES & RESPONSIBILITIES Strategic · Develops and articulates a comprehensive financial strategy for Oando S&T based on business growth plans. · Monitors the present and future capital requirements of the Company; reviews and periodically determines the long- and short-term financial objectives and policies of Oando S&T and provides guidance/advice to Executive Management about all proposals concerning major financial policies (dividend, fiscal and financing) of the Company, including but not limited to policies relating to the Company's cash needs, shareholder distributions, share repurchases and investments · Liases with external Financial Services organisations and investors as may be required, to ensure the business remains adequately funded in terms of Debt, Equity and Working Capital requirements. · Expands Oando S&T’s outreach activities and referral networks to ensure valuable and effective financial partnerships and alliances are forged that facilitate business growth and expansion requirements over time. Operational · Leads the formulation and execution of Oando S&T’s corporate level investment and financial management/financing programs for enhancing business growth and operating efficiency. · Understands the impact of world events on market dynamics and translates these into effective trade financing plans and options that effectively reduce the uncertainty and exposure the company faces in the conduct of its business. · Defines financial targets (cash flow, ROI, ROC, PBT etc.) and ensures the sourcing of external debt and equity financing required to support the company’s long-term growth and stability. · Establishes and maintains an effective financial management framework covering treasury, tax planning, financial control and management information systems (MIS) processes that support Oando S&T’s mission and business objectives and enable the effortless production of relevant periodic reports. · Ensures the effective integration of the Company’s strategic plan with its financial management strategies and in so doing regularly interfaces with the JV partner (Oando Plc) and individual operating entities within the Group to determine areas of mutual collaboration towards the achievement of Group financial and business objectives. · Develops and implements effective Trade Finance, Financial Management and Accounting systems, processes, procedures and policies which provide effective controls in the deployment and utilisation of capital. · Manages budgetary processes to ensure all budgets adequately reflect periodic resource requirements and revenue estimates for the business; co-ordinates the periodic financial performance monitoring and reporting activities of the Company. · Approves all finance & accounting transactions and ensures processes/procedures are effective and comply with regulatory and statutory requirements; monitors the Company’s financial books/position and signs off on any adjustments to ensure effective controls. · Manages Oando S&T’s Assets and Liabilities position to ensure current knowledge of the Company’s cost of funds and product pricing requirements; oversees regular banking and treasury transactions and ensures adequate funds/liquidity levels are maintained to support daily trades and business operations; ensures future net cash flows remain positive on a day-to-day basis. · Ensures surplus funds are properly invested. · Manages the Company’s asset, debt, cost and profitability position and establishes an appropriate framework for the prompt rendition of returns/dividends to Investors, and for repayments of short and longer-term debt (monitors/manages facilities with financial institutions). · Effectively manages Company Taxes and works through Oando S&T’s leadership and management team to reduce costs, enhance revenues, achieve effective utilisation of capital and attain projected Cash Flow, IRR/ROC and Profitability targets. · Ensures the provision of timely, comprehensive and accurate Financial and Management Accounts that support decision making processes. · Builds strong and value-adding relationships with financing partners (local & offshore banks) and represents Oando S&T to the external Financing community through effective communications, participation in workshops and other events. · Reports known contraventions of financial statutory regulations and/or Group policy to Executive Management. · Supervises the preparation and despatch of periodic statutory returns to regulatory authorities as may be required. · Plans and coordinates the activities of statutory examiners and manages relevant 3rd party relationships (e.g. with bankers and regulatory authorities). · Responds to Audit/Examination queries as may be required from time to time.