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Chief Financial Officer

Location:
Lagos, Nigeria
Posted:
November 27, 2023

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Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com

PETERS GODWIN UDOH – MSc, ACA, ACCA, CISA, ACIT, PMP Contact: +234 913-***-****; +234 708-***-**** and +234 905-***-**** (Nigeria) E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com

Skype: godwin.peters2.com; +1-210-***-****

LinkedIn: https://www.linkedin.com/in/godwin-peters-0023a023/ Scaling new heights of success with hard work & dedication and leaving a mark of excellence on each step; targeting challenging assignments in Accounts & Financial Management/Budgeting & Controls/Chief Financial Officer with a leading organization of repute EXECUTIVE PROFILE SUMMATION

Results-driven and knowledgeable Chief Financial Officer (CFO) offering extensive experience in leading financial operations and driving strategic growth within the Oil and Gas industry. Adept in optimizing financial performance, implementing robust internal controls, and providing strategic insights to executive teams and boards of directors. Skilled in financial planning and analysis, Stock Controlling and management, budgeting, forecasting, cash flow management, risk management, and financial reporting. Demonstrated success in mergers and acquisitions, investor relations, and compliance. Strong leadership abilities, fostering high- performing teams and implementing financial policies and procedures for organizational excellence. Adaptable and adept at navigating complex financial landscapes to deliver impactful results. Seeking to leverage expertise as CFO to drive financial excellence and contribute to organizational success. Professional Forte:

Management: Oversees operations of the organization, implements plans & manages resources Personal Credibility: Uses personal credibility to influence the outcomes beyond own business & functional area Strategic Contributor: Can direct business in new & growth areas and motivate people to perform beyond their normal past skills

AREAS OF EXPERTISE

Accounting & Fin & Management

Cash Flow Forecasting &

Management

Capital project cost Reporting

Variance & Trend Analysis

Financial Analysis & Reporting

Budgeting & Cost Management

Tax Planning & Management

Budget Planning & Forecasting

SAP/Oracle/MS Great

Plains/HFM/Sage

GAAP/IFRS Conversion

Accruals and Allocations

IPO, M&A, & investor Relations

Process Improvement and

Management

Financial Modelling/ Analysis

Team Management

Due Diligence in M&A Transactions Growth Strategy Development Dashboard Design Revenue Management Regulatory Compliance. Business Acumen WORK EXPERIENCE

Jan. 4th 2022- To Date: SGS Inspections Services Nigeria Limited, Lekki Phase 1 Lagos as Finance Director-Nigeria/Togo/Benin

Oversaw all aspects of Financial operations and was responsible for corporate and shared services cost centers in Nairobi and South Africa during a period of rapid growth and Transformation for a leading Inspection and certification service company. Partnered with the Country Managing Director and 6 Product Line Managers to identify synergizes to enhance revenue and reduce cost. Supervised a team of 25 employees, groomed and developed young professionals in pursuit of positions of greater responsibility. Responsible for consolidating reporting from all operating divisions for weekly P&L flash estimates, month-end financials, quarterly reforecasts, and identified budget to actual variances. helped raise revenue from $10 million to $22 million through the redesigning of our operational flows. Worked with cross-functional teams to improve accounts collections by 28%.

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Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com Key Responsibilities:

Act as a proactive business partner and codrive together with the MD the financial performance of your Region/Country, the forecasted H1 and FY landings and the required corrective measures to achieve the Budget 2021, including bad debts collection, NWC and synergy realization linked to acquisitions.

Increase Business Partnering and Financial Planning & Analyses (FP&A) capabilities within the Region/Country to deliver higher added value and insights into business performance and improve forecast accuracy.

Propose new procurement initiatives and ensure that all identified actions are implemented to meet the procurement target savings for the year under review.

Propose new pricing initiatives and ensure that all identified actions are implemented to meet the pricing target savings set for for the year under review.

Drive an effective transition from Deloitte to PwC, create a strong partnership with the new partners and ensure efficient audit process through the adoption of new technology (according to the defined technology roadmap).

Prepare the local statutory financials and related external audit to meet the corporate deadline as at end of each year (any exceptions to the corporate deadline to be approved in advance by Group Control) and address all related management letter points in due time

Perform Test of Design (ToD) update and Test of Effectiveness of your RCMs before (1) H1 closing and (2) for the year hard-close and implement corrective measures in case of deficiencies.

Ensure proper tax compliance, proper management of tax audits and assessment of tax risks. Prepare business forecasts to avoid valuation allowances on deferred tax assets (DTA).

Improve the quality of the Symphony reporting across for the Region / Country and ensure full adoption by the management.

Continue to assess the Finance organization for my Region / Country to deliver superior performance and ensure clear succession planning

Jan. 5th 2019- Dec .2021: Emerson Process Management LLC, Jabil Ali Free Zone, Dubai UAE as Regional Financial Controller

Managing financial reporting, budgeting, and forecasting, and directing the implementation of a new ERP system in Africa. Managed four controllers from four African Countries, IT, and supply chain across three countries generating $2Billion in annual gross revenues of which $1Billion Dollars was under my control and supervision. Directed finance team of 18 encompassing Business Operations, Planning and Performance, and Decision Support.

Notable Achievements:

Financed a $35 million capital expansion project with Citi Bank Dubai that provided unconventional financing that went beyond machinery financing to include soft costs, facility costs, and tooling. This financing package improved initial operating cash flow by $9 million and delivered ongoing savings of 11/2% for the cost of capital.

Increased revenue growth 20% in Nigeria up 10% from 2017 to 2019 via development of financial roadmap. Nigeria contributed 4x weights to growth operations in 2017 to 2019.

Spearheaded changes in safety program, resulting in a reduction of Worker's Compensation cost by

$225,000 annually, a 20% savings.

Improved information flow to external auditors, reducing audit costs by $30,000 annually, a 25% savings.

Negotiated with insurance company and generated competitive bids to reduce insurance cost $20,000 annually, a 15% savings

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Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com Key Responsibilities:

Steered efforts in Financial Planning & Analysis, Sales Reporting, General Ledger, Project Controls and Business Systems, within 500 employee region.

Executing financial strategy of the country and managing all financial controls and accounting procedures. Ensuring integrity of financial information and systems of the organization.

Spearheading wide gamut of operations including budgeting, forecasting, strategic financial planning and analysis, financial accounting, statutory reporting, consolidation of subsidiaries, management and business metrics reporting, treasury and all general accounting functions.

Preparation and presentation of the monthly POR reports to the Regional management.

Prepare monthly legal entity Profit and Loss (P&Ls) and narratives and quarterly legal entity balance sheets and narratives.

Co-ordinate the completion, review and sign-off of the Annual Financial Statements with World Controller, VP/CFO MEA, Product Line Finance Director, Planning and Analysis Manager and external auditors.

Proactively work with the BU functions to mitigate all tax risks and support Commercial Finance and Franchise teams in resolving indirect tax issues (customs, VAT, withholding tax, income and PAYE) affecting the system.

Work with BU Finance to ensure proper documentation, communication and implementation of all relevant Company policies and procedures.

Support internal and external audit process conducted by the Corporate Audit Department.

Review significant contracts, agreements and business processes for compliance and tax efficiency.

Review of the monthly VAT, withholding tax, deferred tax and corporation tax computations and related journal vouchers for posting into the ledger and prepare/review monthly tax returns and follow up for timely filing with, payment to and reconciliation with Self-Assessment Returns (SARS).

Supporting Regional World Controller and the VP/CFO MEA with the preparation of monthly and annual financial plans

Jan. 5th 2016- Dec. 2018: Emerson Process Management Nigeria, Lagos, Nigeria as Financial Controller- Nigeria

Key Responsibilities:

Manage and control the financial reporting for EPM in Nigeria – both Statutory and Management accounts, and support Country

management team as well as the wider MEA leadership team

Oversee the production of monthly and annual accounts for EPM in Nigeria, manage payroll, creating & supporting journal entries where required.

Provide financial planning and analysis support to the Country management team and MEA leadership team.

Manage complete and timely daily inputs to the transactional processing group, via dataserve system.

Ensure the monthly and annual filing of WHT and Income tax returns, accurately and in a timely manner.

Report financial statements using Emerson reporting tools, accurately, complete and in a timely manner

Provide detailed financial analysis, comparing actual to business expectations by division and for Nigeria and reporting any material variances thereof.

Preparation of month end accounts pack and POR models and reporting thereof into HQ in a timely and accurate manner, with emphasis on ensuring that all reported information is supported by a good level of analysis.

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Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com

Analysis of the Nigeria business by division, with greater emphasis on detailing underlying trends and drivers of the divisions and providing support and information with these in mind. In total to add value to the decision making of the organisation/managers i.e. in driving up profitability.

To provide support and information around times of budgeting, forecasting, mid-year reviews and the year-end accounting processes as required.

Provide financial support to key business managers, where possible in making key decisions.

Ensure completion of Annual KPMG audit with nil non-compliance comments – by corporate due date. Any other ad hoc duties as required to fulfill the roles of the finance function as and when required. Nov. 2013 – Dec 2015 : Weatherford U K. LTD (SA) Bryanston, Sandton, South Africa as Finance Manager Oversaw all aspects of accounting operations and supported the corporate and shared services cost centers in Manila during a period of rapid growth for a leading service company in the oil exploration industry. Partnered with the Country Director and 7 Product Line Managers to identify synergizes to enhance revenue and reduce cost. Supervised a team of 15 employees, groomed and developed young professionals in pursuit of positions of greater responsibility. Responsible for consolidating reporting from all operating divisions for weekly P&L flash estimates, month-end financials, quarterly reforecasts, and identified budget to actual variances. Key Responsibilities:

Prepared Country budgets, expense analysis and allocations for SG&A cost canters, including Accounting/Finance, IT, Sales/Marketing

Held ultimate responsibility for US GAAP and statutory reporting, as well as SOX compliance.

Maintained department reporting productivity and met all deadlines during a 40% reduction in staff by implementing thorough staff cross-training and preparing comprehensive desk-top procedures.

Responsible for all aspects of financial control, accounting and financial management support for the Country Responsible to build, develop and manage a strong finance team to support the Country business.

Monitored monthly financial reporting and preparation of project budgets & cash flows,

Monitored quarterly & annually month-wise forecasts, forecast financial statements and cash flows.

Presented profitability reviews, analysis of financial statements and cash flow plans to higher management

Provided Operations Management with meaningful financial reports to assist them in running the business, work with management teams and advise on operational finance issues. Key Accomplishments:

Freed $15M in working capital through high profile initiative to analyze receivables strategies, supplier contracts/pricing and payable terms

Developed annual budgets and maintained ongoing analytics for the $900 Million Financial Services Group.

13% reductions in purchasing spend, obtaining significant pricing advantages for materials suitable for operations.

Developed synergies/growth strategies for materials harmonization project

$3M annual interest savings from highly efficient, multi-currency/cash pooling system allowing cross company treasury standardization

Sept. 1st 2009 –Oct. 31st 2013: Weatherford Nigeria Limited, Lagos Nigeria as Financial Controller- Nigeria

• Responsible for all aspects of financial control, accounting and financial management support for the Country

• Responsible to build, develop and manage a strong finance team to support the Country business.

• Responsible for ensuring the provision of accurate and timely financial accounts for business: Page 5 of 8

Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com

• To comply with local fiscal authorities.

• Implementation of company policies and its reviews.

• Implementation of internal controls, internal and external audits and inter company management,

• Responsible for monitoring bank facilities and leasing

• Monitoring monthly financial reporting and preparation of project budgets & cash flows,

• Monitoring of quarterly & annually month-wise forecasts, forecast financial statements and cash flows.

• Presentation of profitability reviews, analysis of financial statements and cash flow plans to higher management

• Implementation of internal controls, internal and external audits and inter company management,

• Responsible for monitoring bank facilities and leasing

• To comply with US GAAP financial reporting requirements.

• Responsible for ensuring internal controls are in place and operating effectively, complying with company policy and SOX.

• To provide Operations Management with meaningful financial reports to assist them in running the business, work with management teams and advise on operational finance issues.

• To develop and improve processes and procedures, including implementing new financial systems within the Finance function to improve accuracy and efficiency and comply with local, Region & Global policies.

• Responsible for financial integration of newly acquired businesses into existing structure, and performing or assisting with due diligence on M&A projects when required. Nov. 14th 2008 –Aug. 25th 2009: Chevron Upstream Europe, Aberdeen UK as Manager – Joint Venture Reporting

Key Responsibilities:

Responsible for all accounting and financial (incl. economics) related matters of both operated and non- operated joint venture in accordance to but shall not be limited to the Production Sharing Agreement, Production Services Agreement, Accounting

Procedure of Production Sharing Agreement and Joint Operating Agreement (JOA) with the partners.

Reviewed approved Capital Expenditures to ensure the Operator has not over expended and requiring provision of supplement/Revision to approved AFE.

Monitored Cash Call draw down accounts

Ensured all Joint Venture financial information is properly processed in CNL’s financial accounting system, including capital and operating costs.

Prepared and analyzed monthly capital and operating expenditures, for review and approval by the General Manager prior to issuance and/or payment of Billings.

Prepare detailed monthly variance analysis on AFE’s spending.

Prepare and send to the joint venture partners the joint interest billings which include information of inception to date, year to date expenditure on a timely basis.

Preparation for the audits by external participants and governments.

Assist in completion of monthly consolidated financial statement binder with supporting schedules and trial balance to ensure all accounts are fully reconciled and supportable.

Preparation of monthly management reports, including operating and budget variance analysis.

Prepared and send to the JV partners the cash calls, cash forecasting and reconciliation of over/under cash call position for each working interest JV partner. Page 6 of 8

Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com Nov. 2006 – Oct. 2008: Chevron Nigeria Limited, Lagos Nigeria as Lead -Project Controls (Project: $2.75Billion Escravos Gas Project 3A (EGTL) and 3B (Compressing the flared gas into Liquefied Natural)) Responsible for the project controls of a $2.75Billion Escravos Gas Project 3A (EGTL) and 3B (Compressing the flared gas into Liquefied Natural Gas) a major capital project portfolio and a joint venture with Nigeria National Petroleum Corporation (NNPC) which included providing consulting and supervision to the global project controls team based in Houston and directed a staff of 10 in creating, organizing and overseeing an on-site cost

& scheduling center.

Monitored, analyze, and forecast cost elements including changes, facilitating the cost and schedule agenda for weekly team meeting.

Updated budgets, expenditures, forecasts, activity data, logic, resource, and progress information; review durations and logic sequence.

Provided technical support related to the use and implementation of Oracle's Primavera P6 and Contract Management. Maintain responsibility for cash flow predictions during estimating phase totaling approximately $250 million per year.

Managed cost and schedule for projects, prepare budgets and cost reports for projects, and implement cost control procedures, processes, and systems.

Reviewed and approved Earned Revenue Determination Data, Proposal Financial Summaries, and Project Financial Status Reports.

Produced bi-weekly and monthly project controls reports including custom financial and negotiated scope and pricing with both subcontractors and clients.

Implemented processes to establish cost control measures for project management, services, and engineering.

Worked with project managers and superintendents to identify and resolve all project claims. Provided ad hoc reporting for project and/or senior management.

Performed critical path analysis identifying early problems allowing teams to correct shortfalls. Key Accomplishments:

Succeeded in saving and reducing a contractor (Subsea 7) claim of no materials supplied to her on site thereby causing standby from 7days at $500,000/day($3.5Million) to 2days totaling $1Million.

Saved the sum of $500,000 being claim charged to Chevron Nigeria Limited by West African Ventures, we eventually paid only $19,000 as idle standby days.

Succeeded in delivering the project for both Phases (EGP3A and 3B) on time and on budget Jul. 21st 2004 –Oct. 27th 2006: Chevron Nigeria Limited, Lagos Nigeria as– Joint Venture/Project Reporting Lead Key Responsibilities:

Establish, organize, and maintain current project files per department filing system for all projects you are assigned.

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Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com

Coordination of monthly and quarterly cash call and budget performance reports regarding the Joint venture NAPIMS engagement

Managing the monthly inter-company invoice preparation to related companies and the process of payments Provide cash flow forecasting for CNL Projects

Ensure proper cash risk forecasting is carried out and reporting to supervisors and relevant management

Ensure proper investment appraisal to ensure that cash resources are directed to the best opportunities Ownership of the Royalty/PPT filing, gas flared and NDDC payments

Ensure funding of abandonment account with proper fund management

Accounts for volumes sold and establishes or checks prices reflected in revenues received.

Computes amounts due to royalty owners and joint interest owners and prepares reports to those parties. Preparing monthly and yearly accruals and adjustments for the accounting cycle

Obtain copy of project manager’s contract for each project and familiarize him/her with financial aspects of the contract.

Input appropriate budget information into SAP using the cost code structure and phases in accordance with the budget set-up sheet provided by Estimator or Project Manager.

Review and verify the commitments, subcontractor change orders and general conditions cost between SAP to insure bridge software accuracy.

Verify the accuracy of the previously billed and paid figures on the Subcontractor’s Application for Payment.

Performed variance analysis between actual and budgeted and prepare budget performance report to Management

Approve all forms of payment in line with Company’s approved payment procedure. PREVIOUS WORK EXPERIENCE

Jun. 2000 – Jun. 2004: Smith Lamnalco Nigeria Limited, Lagos Nigeria as Chief Accountant & Compliance Officer Nov. 1998 – May. 2000: Giorgio Dredging Limited Lagos, Nigeria as Senior Manager- Finance & Accounts Oct. 1996 – Oct. 1998: Giorgio Dredging Limited Lagos, Nigeria as Senior Financial Analyst Sept. 1995 – Sept. 1996: Giorgio Dredging Limited Lagos, Nigeria as Graduate Financial Analyst ACADEMIC CREDENTIALS

• Master of Science, Accounting, University of Lagos, Lagos Nigeria – 11/2000(GPA 3.75)

• Bachelor of Science, Accounting. University of Maiduguri, Maiduguri, Nigeria – 08/1995(GPA 2.76)

• West African School Certificate, Victory High School, Ikeja, Lagos, Nigeria – 12/1988. TECHNICAL SKILLS

• Superior familiarity with MS Office packages

(Word, Access, Excel, Outlook and PowerPoint).

• History of strong people leadership with the

ability to lead without direct reporting lines

Strong sense of intellectual curiosity

• Ability to stay knowledgeable about, research

and reach well-reasoned conclusions on

technical accounting issues

• Strong attention to detail, demonstrated

integrity and professionalism.

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Peters Godwin; E-Mail: ad1h54@r.postjobfree.com; ad1h54@r.postjobfree.com

• Strong organisation and planning skills as well as the ability to prioritise work.

• Strong business acumen with ability to

understand complex organizational structures

and environments

• Strong interpersonal and communication skills

and the ability to effectively lead a team with a

wide range of constituencies in a diverse

community

• Knowledge of accounting for foreign exchange

transactions and consolidations.

• Ability to think creatively about solutions

• Very strong presentation skills

• Very Proficient with Sage, SAP and Oracle ERP,

and other accounting, financial management

tools.

• Excellent negotiation, influencing, analytical & communication skills

• In-depth and extensive knowledge of generally

accepted accounting principles (GAAP).

• Team player with top-notch communication,

analytical, and leadership skills.

• A good Astute leader with good combination of

strategic & hands-on financial management

abilities.

• Maintains very high business Ethics and high

standard of technicality on the job.

PROFESSIONAL MEMBERSHIP/AFFILIATION

• Associate Member (ACA) MB 16346, Institute of Chartered Accountant of Nigeria (ICAN)

• Associate Member (ACA) MB 0947213, Association of Certified Chartered Accountants, London, Great Britain

(ACCA)

• Associate Member (ACMA) MB 686, Institute of Chartered Management Accountants of Nigeria (ICMA)

• Fellowship Member (FCMA) MB 382, Institute of Chartered Management Accountants of Nigeria (ICMA)

• Associate Member (ACIT) MB 8708, Chartered Institute of Taxation of Nigeria (CITN)

• Associate Member (CISA) MB 219465, Information Systems Audit and Control Association (ISACA)

• Associate Member (PMP) MB 1010162, Project Management Institute, United States of America. (PMI) PERSONALITY AND LEADERSHIP TRAITS

• Organized, very detailed and a Good Time Manager

• Driven, resourceful problem-solving approach with very good analytical skills.

• Exceptional leadership.

• Proficient in creating and analysing business and financial models

• Maintaining highest standards of professionalism and integrity

• Team coaching, mentorship and leadership

• Effective under pressure

• Adaptable communicator with humble confidence.

• Unwavering professionalism.

• Self-management and Intellectual curiosity.

PERSONAL DETAILS

Date of Birth: 07 September 1970

Address: #16B, Duchess Lane Crown Estate, Sangotedo Ibeju Lekki, Lagos State, Nigeria Language Known: English, Basic French, Yoruba, Hausa, Ibibio, Basic Arabic Passport Details: Nigerian Passport Number B50130670(Valid till 03 Oct. 2031)

~ References Available on Request~



Contact this candidate