Primary Purpose of the Job (Finance Mandate)

To provide client with the professional insurance management support that contributes towards the achievement of the company’s strategic objectives. This includes advice and guidance on all aspects of insurance awareness, management and control matters.              

Principal Accountabilities

The incumbent has a key role in shaping and maintaining a fit-for-purpose and responsive insurance strategy and framework that meets client’s current and future corporate and project plans. Key responsibilities include:

·         Develop and implement a risk-based insurance monitoring programme, identifying, assessing, monitoring and reporting all material compliance risks.

·         Ensure that insurance procedures, systems and controls are up-to-date and effective.

·         Maintain a thorough understanding of relevant regulatory requirements to provide advice and guidance to senior managers enabling them to implement compliant policies and procedures.

·         Contribute to discussions on new business activities providing insurance expertise and advice ensuring regulatory and operational requirements can be met, including the creation and approval of accurate and timely policy document s, premium invoicing etc.

·         Provide regular awareness sessions to employees on insurance related matters, including internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, promoting and enhancing a strong insurance culture.

·         Provide essential input as a senior member of management and credibly challenge the management of current issues and the development and implementation of strategy.

·         As a senior member of the CFO team, assist in the recruitment, coaching and development of direct and indirect reports

·         Identify & drive improvement initiatives to reduce duplication and achieve simplification and standardisation, where possible

·         Represent QPI, where applicable with third parties (e.g. regulatory authorities, asset/venture partners) to maintain and enhance QPI’s relationships, visibility and reputation.

Knowledge, Skills & Experience

·         Recognised professional qualification (e.g. CA), university degree (covering accounting, finance, law and tax) or equivalent

·         At least 10 years knowledge and experience of best practice insurance management and governance frameworks, methodologies and emerging practice

·         Knowledge of energy investment projects and investments

·         Proven analytical and communication skills

·         Strong cultural awareness and proven ability to operate, lead and influence in culturally diverse environment

·         A ‘can do’ attitude and ability to perform in difficult situations

Contacts

·         Senior Management

·         External parties (including other Shareholders, Banks, Auditors, Consultants)

·         Client and its subsidiaries; Client and its subsidiaries/associate companies

Problem Solving

The incumbent must:

·         Be able to communicate and operate effectively at all levels of the organisation, regardless of seniority, discipline or cultural background.

·         Have the ability and experience to develop credible and sustainable relationships with QP/JV representatives and affiliated organisations, oil and gas industry companies, investment banks, third party advisors, suppliers and contractors as part of investment or agreement discussions.

·         Be able to analyse and interpret complex financial information and promote appropriate assessment and action

Decision Accountability

·         The incumbent must ensure that all tax related information and associated activities meets and contributes to client’s international business objectives

Special Features

·         People:  To deliver professional services in an environment with limited availability of competent finance resources.  Develop and maintain a culture to attract and retain staff in a constrained marketplace.  Affinity with mentoring and coaching of staff from various cultures in different locations is essential.  Respect for people and their diversity of backgrounds, ideas and contributions.  Interpersonal skills and the sensitivity to cultural diversity issues will be a prime requirement for success in this job.

·         Environment: Ability to establish, operate and maintain robust risk based controls frameworks in rapidly changing environment poses special challenges on the internal control framework and accounting/reporting.  The need to deliver, i.e. the “as is”, whilst at the same time anticipate the future, i.e. “to be”, is a constant challenge.  The challenge of developing and maintaining controls require competence (confidence / experience) and right leadership behaviours in the team (to challenge / take on the business).