Our Client
Capricorn Energy is an Egypt-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Western Desert. The business aims to focus on significant opportunities in the Egypt business, cost saving and curtailment of international exploration. This is part of a change in the strategic direction for the company with a focus on production rather than exploration. As a result of this, during 2023, there has been an extensive change management programme in Edinburgh to right size the business for the future. The new structure will result in a small HQ in Edinburgh with a Commercial team of 6 employees and a Finance team of ~10 employees, including a Commercial Director (Nathan Piper) and a Head of Finance (Chris Hebden). The restructure has resulted in the creation of new roles, to include the need for Planning Performance and Analysis Lead, who will report to the Commercial Director.
The Role:
The Planning Performance and Analysis Lead will be the key centralised single point of contact for all budgeting, reporting and analysis for Capricorn. They will:
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Be responsible for the preparation of high quality, transparent and reliable management and Board-level corporate financial and business information used to support decision making and short to mid-range financial planning and control for the business
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Deliver management information, budgets, forecasts and other decision support information which:
· Focuses on adding value
· Enables optimal decision making
· Demonstrates clear financial control
· Is clear, concise, timely and materially accurate
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Monitor group liquidity under multiple scenarios and recommend remedial actions
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financial modelling support for any capital raising activity (both debt and equity), provide support for any subsequent debt facility compliance and liaise with external advisors (bankers, accountants) as required.
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Prepare financial forecasts for projects such as acquisitions, disposals, farm-ins and farm-outs and their integration into forecasts to support Board and funding decisions and processes
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Both support and challenge internal stakeholders to quality control any financial information being provided
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Use the information to create a focus on robust performance management through the monthly reporting analysis and also the QPR’s
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Working with other Directors to plan, co-ordinate and execute the Annual Budget process
Candidate Requirements:
Education/experience
• Qualified Accountant CA, ACA, ACCA, CIMA
• Minimum undergraduate degree – preferably in accountancy, economics or finance
• Post qualified accountant with relevant experience in similar roles
Relevant skills / experience
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Familiarity with Joint Venture Accounting principles and application of such (essential).
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Strong understanding of business drivers and processes to report in a timely, efficient, and effective manner to management so that appropriate decisions / actions can be taken
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Relevant experience to apply to budgeting and forecasting and analysis at both an Asset and a Group corporate level
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Strong systems/ data manipulation skills – advanced Microsoft Office user (particularly Excel and PowerPoint) (required)/ Unit4 (preferred)
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Previous corporate roles
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Some oil and gas knowledge (preferred)
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Multi-currency accounting, group accounting experience
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Listed company exposure
On Offer:
Salary: £65,000 – £70,000
Pension: Non-contributory group personal pension, company contribution of 12.5% of basic salary
Bonus: Discretionary annual performance bonus of up to 40% of basic annual salary
Additional:
Private medical, dental and travel insurance (includes coverage for eligible dependants). A taxable benefit; premiums paid by the Company
Annual employee health-check
34 days paid holidays per annum, inclusive of public holidays
Eligibility to participate in Company flexi time scheme (10 days Flex Day per annum)
Life Insurance, currently at a level of up to 10 x basic annual salary
Income Protection Insurance
Gym and fitness allowance *
Eligibility to participate in the Company’s discretionary Share Incentive Scheme* and Share Incentive Plan (SIP) **
*Eligibility commences upon successful completion of probationary period
** Eligibility commences upon first of month following three months employment with Company
To Apply:
The recruitment for this position is being managed by advising consultants, Metier Peoples. In the first instance interested candidates should contact Amy Peoples at: [email protected] or 07399 980 038.
All third-party applications, enquiries and direct approaches to Capricorn Energy will be referred to Metier Peoples.
