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Chief Financial Officer

Location:
Lagos, Nigeria
Posted:
December 19, 2024

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PETERS GODWIN UDOH MSc, ACA, ACCA,

CISA, ACIT, PMP

#7C Dandelion Street, Tulip Haven Estate Gate 2, Off Chevron Alternative Road, Lekki Lagos State Nigeria +234 704-***-**** *********@*****.***

WWW: linkedin.com/in/godwin-peters-0023a023

CAREER OBJECTIVES

Accomplished Chief Financial Officer (CFO) with extensive experience in driving financial performance and strategic growth in the Oil and Gas sector. Experienced in SEC/CAC reporting, Technical Accounting, Consolidations, Business Acquisitions and Divestitures. Proven track record of optimizing financial performance, implementing robust internal controls, and providing strategic guidance to executive leadership and boards of directors. Expertise in financial planning, budgeting, forecasting, risk management, and M&A. Strong leadership skills with a focus on building high-performing teams and ensuring financial compliance. Ready to leverage CFO expertise to drive organizational success. SKILLS

• Project Financial Management

• Financial Consolidation

• Financial Analysis

• Variance Analysis

• Budgeting & Forecasting

• Cash Flow Forecasting

• Revenue Management

• Cost & Variance Analysis

• Budget Performance Reporting

• Tax Management & Tax Planning

• Cash Call Management

• Due Diligence in M&A Transactions

• Joint Venture Financial Coordination

• IFRS & GAAP Compliance

• Regulatory Compliance

• Internal Controls

• Compliance with Financial Regulations & Policies

• Financial Reporting & Reconciliation

• Inter-company Invoicing & Payments

• Hyperion Financial Management

• SAP ERP/Oracle

• Financial Systems Implementation & Optimization

• Process Improvement

• Growth Strategy Development

• Team Collaboration

• Excellent Communication Skills

• Attention to Detail

• Advanced Excel

WORK EXPERIENCE

GROUP CHIEF FINANCIAL OFFICER (GCFO) 01/2022 - Current Enikkom Group Lagos - Nigeria

• Oversee financial operations for an HDD pipeline/EPC firm in oil and gas.

• Lead a team of 25 in accounting, finance, HR, and IT.

• Managed financial consolidation for a $200M revenue organization across 6 Subsidiaries, streamlining reporting with advanced Excel and consolidation software.

• Reduced monthly close from 15 to 5 days, improving reporting speed.

• Collaborate with legal teams on litigation and contract strategy.

• Redesigned financial reporting to optimize margins, driving 15% revenue growth.

• Secured cost-effective funding and an asset-based line of credit, enhancing profitability and cash flow.

• Strengthened supply chain through key vendor relationships, ensuring product availability.

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• Managed $200M business financials, improving P&L, cash flow, and efficiency.

• Boosted revenue 15% through cost-saving initiatives, directly increasing profitability.

• Addressed performance issues in compliance with Nigerian labor laws and standards. FINANCE DIRECTOR-NIGERIA/TOGO/BENIN 01/2021 - 12/2021 SGS Inspections Services Nigeria Limited-Nigeria/Togo/Benin - Lekki Lagos

• Led financial operations in Nairobi and South Africa for a growing inspection and certification firm.

• Managed consolidation of financial statements for a $500M revenue organization across 12 products line.

• Drove revenue growth (from $10M to $22M) and cost reductions while managing a team of 25.

• Oversaw P&L, month-end financials, forecasts, and variance analysis, improving collections by 28%.

• Partnered with MD to align forecasts with budgets, improve bad debt recovery, and optimize working capital.

• Enhanced FP&A capabilities, improving forecast accuracy and providing actionable insights.

• Led the transition from Deloitte to PwC, streamlining the audit process with new technology.

• Ensured timely statutory filings, managed tax audits, mitigated risks, and improved Symphony reporting adoption. REGIONAL FINANCIAL CONTROLLER 01/2018 - 12/2020

Emerson Process Management LLC, Jabil Ali Free Zone Dubai UAE

• Managed financial operations (planning, reporting, general ledger) for 500 employees across regions.

• Assessed financial statement impacts for African entities, including SEC/CAC reporting, with cross-functional teams (Tax, Treasury, Legal, External Reporting).

• Ensured timely tax filings, calculations, and reconciliations.

• Supported VP/CFO for MEA with budgeting, forecasting, and workflow improvements.

• Led financial reporting, budgeting, and ERP implementation across Africa.

• Oversaw four controllers and IT/supply chain, managing $1B of $2B in revenue.

• Ensured regulatory compliance of consolidated financial reports with tax and compliance teams.

• Directed a team of 18 in Business Operations and Planning. Notable Achievements:

• Secured $35M financing, improving cash flow by $9M and reducing capital costs by 1.5%.

• Achieved 20% revenue growth in Nigeria (2017-2019), boosting overall growth.

• Reduced Worker's Compensation costs by $225K annually (20% savings).

• Cut audit costs by $30K annually (25% savings) through process streamlining.

• Enhanced data processing using SAP and Hyperion for reporting.

• Led ERP adoption, reducing manual errors by 45%.

• Provided financial variance analysis that influenced strategic decisions.

• Negotiated insurance bids, saving $20K annually (15% reduction). FINANCIAL CONTROLLER NIGERIA 01/2016 - 12/2017

Emerson Process Management Nigeria Lagos - Nigeria

• Managed financial reporting for EPM in Nigeria, supporting local and MEA leadership.

• Provided financial planning and analysis to local and regional teams.

• Reviewed Balance Sheet account roll forwards, equity reconciliations, and supporting schedules.

• Analyzed Hyperion validation and error reports, ensuring data accuracy through key monthly account reviews.

• Supported business decisions by tracking trends, monitoring performance, and making strategic recommendations to optimize financial impact.

• Completed the annual KPMG audit on time with no compliance issues.

• Handled ad hoc duties to support the finance function. FINANCE MANAGER 01/2013 - 12/2015

Weatherford U K. LTD (SA) Bryanston Sandton - South Africa

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• Managed accounting operations and supported cost centers in Manila during growth.

• Collaborated with leadership to drive revenue growth and cost reductions.

• Analyzed consolidated results and explained large or unusual variances.

• Led a team of 15, overseeing reporting, P&L estimates, and budget variances.

• Prepared country budgets and expense allocations for SG&A cost centers.

• Managed US GAAP reporting and ensured SOX compliance.

• Provided financial reports and advice to support operations. Key Accomplishments:

• Freed $15 million in working capital through optimized receivables and supplier terms.

• Managed budgets and analytics for a $900 million Financial Services Group.

• Cut purchasing spend by 13% and improved pricing.

• Saved $3 million annually with a multi-currency cash pooling system. FINANCIAL CONTROLLER- NIGERIA 09/2009 - 12/2012

Weatherford Nigeria Limited Lagos, Nigeria

• Managed financial reporting for Weatherford Nigeria, supporting local and regional leadership.

• Provided financial planning and analysis to local and regional teams.

• Reviewed Balance Sheet roll forwards, equity reconciliation, and supporting schedules.

• Directed financial control and accounting, driving operational excellence.

• Built and led a high-performing finance team to support local operations.

• Ensured timely and accurate financial reporting in compliance with regulations.

• Streamlined financial systems and led M&A integration and due diligence. MANAGER – JOINT VENTURE REPORTING 11/2008 - 08/2009 Chevron Upstream Europe Aberdeen UK

• Managed accounting for operated and non-operated joint ventures, ensuring compliance with agreements.

• Monitored capital expenditures and managed Cash Call draw-down accounts.

• Prepared monthly reports, including variance analysis for operations and budget.

• Oversaw cash calls, forecasting, and reconciliation of JV partner positions. LEAD -PROJECT CONTROLS 11/2006 - 10/2008

Chevron Nigeria Limited, Lagos, Nigeria

(Project: $2.75Billion Escravos Gas Project 3A (EGTL) and 3B (Compressing the flared gas into Liquefied Natural)

• Managed project controls for the $2.75B Escravos Gas Project, overseeing a global team and on-site staff.

• Monitored and forecasted costs, schedules, and risks, leading weekly project reviews.

• Updated budgets, forecasts, and progress reports, ensuring alignment with project objectives.

• Provided expertise in Oracle Primavera P6 and Contract Management to drive successful project execution. Key Accomplishments:

• Negotiated Subsea 7 claim reduction from $3.5M to $1M by addressing material supply and standby days.

• Achieved $500K cost savings for Chevron Nigeria, settling standby claims for $19K.

• Delivered EGP3A and 3B phases on schedule and within budget. JOINT VENTURE/PROJECT REPORTING LEAD 07/2004 - 10/2006 Chevron Nigeria Limited Lagos, Nigeria

• Organized and maintained project files according to department systems.

• Coordinated monthly/quarterly cash calls and budget reports for Joint Venture NAPIMS.

• Managed inter-company invoicing, payments, and cash flow forecasting for CNL projects.

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• Conducted variance analysis and prepared budget performance reports for management. EDUCATION

University of Lagos - Lagos Nigeria Master of Science: Accounting 11/2000

(GPA 3.79)

University of Maiduguri - Maiduguri, Nigeria Bachelor of Science: Accounting 08/1995

(GPA 2.76)

Victory High School, Ikeja - Lagos, Nigeria West African School Certificate 12/1988

PREVIOUS WORK EXPERIENCE

• Jun. 2000 – Jun. 2004: Chief Accountant & Compliance Officer, Smith Lamnalco Nigeria Limited, Lagos, Nigeria

• Nov. 1998 – May. 2000: Senior Manager – Finance & Accounts, Giorgio Dredging Limited, Lagos, Nigeria

• Oct. 1996 – Oct. 1998: Senior Financial Analyst, Giorgio Dredging Limited, Lagos, Nigeria

• Sept. 1995 – Sept. 1996: Graduate Financial Analyst, Giorgio Dredging Limited, Lagos, Nigeria PROFESSIONAL MEMBERSHIP/AFFILIATION

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

• Associate Member (ACA) MB 0947213, Association of Chartered Certified Accountants, London (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 (PMI), USA PERSONALITY AND LEADERSHIP TRAITS

• Highly organized, detail-oriented, and skilled in time management.

• Driven problem-solver with strong analytical skills and a resourceful approach.

• Exceptional leadership, coaching, and mentorship abilities.

• Proficient in creating and analyzing business and financial models.

• Maintains the highest standards of professionalism and integrity.

• Effective under pressure, with the ability to deliver results.

• Adaptable communicator with confident humility.

• Unwavering professionalism in all interactions.

• Strong self-management and intellectual curiosity REFERENCES

• References are available upon request.



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