Vincent Richter

Vincent Richter Email and Phone Number

Retired Executive Director - Vivo Energy Ghana
Vincent Richter's Location
Cortlandt Manor, New York, United States, United States
Vincent Richter's Contact Details

Vincent Richter work email

Vincent Richter personal email

n/a
About Vincent Richter

Experienced in:Chaired Shell Ghana BoardChaired the Contracts Board of Shell Ghana LimitedChaired Board of Trustees of Shell Ghana Pension FundExercised the authorities of the Managing Director, Country Chair and Sales & Operations Manager of Shell Ghana LimitedFinance Management, Finance Controllership, Internal Auditing, Systems Implementation, Contracting & Procurement, Pensions and Project Management at ShellSpecialties: Financial Management, Financial Controlling, Internal Auditing, Systems Implementation, Contracting & Procurement, Pensions, Project Management

Vincent Richter's Current Company Details

Retired Executive Director - Vivo Energy Ghana
Vincent Richter Work Experience Details
  • Vivo Enery Ghana Limited
    Executive Director/Head External Affairs/Govt Relations & Customer Service
    Vivo Enery Ghana Limited Apr 2015 - Dec 2018
    Head Office - Accra
    • As a member of the Board of Directors deliberated on Board issues (strategic direction, Health Safety Security & Environment, Financial Performance, Controls etc) • As part of the core Management Team of the company, deliberated and made decisions on Tactical and Operational and Employee issues. • Handled Relations with External Stakeholders (Foreign Missions, Government Ministries, other Government Regulatory Bodies and Oil Company Associations) • Managed Customer Service Department to ensure customers are delighted with the products and services of the company. • Supported Finance Manager and Managing Director with project financials and Tax issues • All other responsibilities assigned by Group Executives and Managing Director
  • Vivo Energy Ghana
    Executive Director - Finance Continued
    Vivo Energy Ghana Sep 2013 - Apr 2015
    Accra, Ghana
    • I act as the focal point for maintaining/updating and testing Business Continuity plans.• I act as country focal point with regard to insurance. This includes ensuring compliance with Oil Products (OP) Risk and Insurance strategy as well as arranging premia renewals, payments and claims handling• Acting as focal point within the country for ensuring that Business Control Incidents are properly investigated and reported in accordance with Vivo Group guidelines. Also that action items are followed up and implemented.• I provide advice, consultancy and, where agreed, some or all of the above accounting services to Vivo Group Joint Ventures.• I disseminate and implement new or changed policies, procedures and/or standards throughout the country. Coordinating the day today activities of the accounting, treasury, credit control, planning/Management Information, Contracting & Procurement and (where necessary) IT staff in the country even where these staff report, for business purposes, to managers outside the country. Supervising and controlling their work ensuring that deadlines are met and those quality standards are best in class. • I ensure that sufficient emphasis is placed on staff competence assessment, training, and skills development such that trained staff are available and/or developed within the finance function to enable it to fulfill its role with sufficient delegation and control.
  • Vivo Energy Ghana
    Executive Director Finance
    Vivo Energy Ghana Aug 2013 - Apr 2015
    Ghana
    As the Finance Director, I was the custodian of Controls and provide financial advice to the company. The other responsibilities were;1. Finance Management (including Controllership & Treasury) & Skill: 2. Risk, Internal/SOX Controls 3. Management Accounting 4. Credit Controllership 5. Project/Change Management 6. Systems Implementation and Administration (JDE, SunSystems) 7. Dealing with Government Agencies (Fiscal Authority)• I led the Finance Team to recover tax of circa USD 1.0 million from Government Revenue Agency.• I provided information and/or financial advice to the Board of all Operating units (OUs) and Joint Ventures (JVs) on which I sit.• I was responsible for Governance, Risk and Assurances processes for all Vivo Energy interest in Ghana for which I have responsibility. This covered compliance to Statutory, Group and Accounting Standards.• I had responsibilities for all Accounting & Fiscal Returns• I had responsibility for all Treasury and all issues related to Banking• I had responsibility for Information Technology (IT) in the company• I chaired the country Contracts Board ensuring that the requirements of the Vivo Energy Group Contracting Policies and Procedures Manual are fully complied with.• I ensured that the country and the Operating Company Manuals of authority are kept up to date, that authority holders were aware of their roles and responsibilities and transactions are authorised in accordance with these. I Also ensured that Manuals of Authority for local and Global Businesses are aligned with these.
  • Shell Ghana Limited
    Board Chair / Managing Director Ag.
    Shell Ghana Limited Jul 2012 - Aug 2013
    Ghana
    Jul-2012 To July 2013 Board Chairperson/ Managing Dir (Ag.) Shell Ghana LimitedHighlights: Responsibilities included exercising the authorities conferred on the M.D. by the Board, e.g. managing the company to avoid any damage to the reputation of the Shell Brand and guiding the Management to achieve the objects set in both the short and long term. I have demonstrated courage in engagements with stakeholders and in upholding the controls and policies in the companyDelivered the Shell Ghana higher Financial performance than previous years' by delivering results through othersEnsured compliance with business controls framework and Health Safety Security & Environment Standards within the Operating Unit (OU - Shell Ghana)Ensured compliance with country laws, Shell standards and the Manual of Authority.Ensured implementation of best-practices, policies and standards.Driven special projects aimed at improving overall OU performanceEnsure all Sales & Operations activities are carried out in accordance with Shell Group HSSE guidelines.Instilled operational excellence attitude and effectively built a team.Effectively led Class of Business Sales & Operations teams and monitored Budget implementation and provided leadership to the teams.As Country Chairman, handled government liaison activity.Established communication channels with government stakeholders.Been part of all major contracts negotiated and signed with Third Parties.Managed network with Shell Group colleagues to ensure efficient and effective dissemination and embedding of best practice in the OU.Managed and coordinate all Board activities with Company Secretary.Etc.
  • Shell Ghana Limited
    Executive Director Finance (Summary)
    Shell Ghana Limited Feb 2008 - Aug 2013
    Ghana
    1. Finance Management (including Controllership & Treasury) & Skill: 2. Risk, Internal/SOX Controls 3. Management Accounting4. Credit Controllership 5. Project/Change Management6. Systems Implementation and Administration (JDE, SunSystems) 7. Dealing with Government Agencies (Fiscal Authority)
  • Shell Ghana Limited
    Executive Director Finance
    Shell Ghana Limited Feb 2008 - Jul 2013
    Ghana
    As the Finance Director, I am the custodian of Controls and provide financial advice to the company. The other responsibilities are;• I provide information and/or financial advice to the Board of all Operating units (OUs) and Joint Ventures (JVs) on which I sit.• I am responsible for Governance, Risk and Assurances processes for all Shell Group interest in Ghana for which I have responsibility. This covers compliance to Statutory, Group and Accounting Standards.• I have responsibilities for all Accounting & Fiscal Returns• I have responsibility for all Treasury and all issues related to Banking• I have responsibility for Information Technology (IT) in the company• I chair the country Contracts Board ensuring that the requirements of the Shell Group Contracting Policies and Procedures Manual are fully complied with.• I ensure that the country and the Operating Company Manuals of authority are kept up to date, that authority holders are aware of their roles and responsibilities and transactions are authorised in accordance with these. Also ensuring that Manuals of Authority for local Global Businesses are aligned with these.
  • Shell Ghana Limited
    Finance Director Continued..
    Shell Ghana Limited Feb 2008 - Jul 2013
    Ghana
    • I act as the focal point for maintaining/updating and testing Business Continuity plans.• I act as country focal point with regard to insurance. This includes ensuring compliance with Oil Products (OP) Risk and Insurance strategy as well as arranging premia renewals, payments and claims handling• Acting as focal point within the country for ensuring that Business Control Incidents are properly investigated and reported in accordance with Group and SOPAF guidelines. Also that action items are followed up and implemented.• I provide advice, consultancy and, where agreed, some or all of the above accounting services to Joint Ventures and Shell Global Businesses.• I disseminate and implement new or changed policies, procedures and/or standards throughout the country. Co-ordinating the day today activities of the accounting, treasury, credit control, planning/Management Information, Contracting & Procurement and (where necessary) IT staff in the country even where these staff report, for business purposes, to managers outside the country. Supervising and controlling their work ensuring that deadlines are met and those quality standards are best in class. • I ensure that sufficient emphasis is placed on staff competence assessment, training, and skills development such that trained staff are available and/or developed within the finance function to enable it to fulfil its role with sufficient delegation and control.
  • Shell Ghana Limited
    Executive Director Finance (Other Experience)
    Shell Ghana Limited Feb 2008 - Jul 2013
    Ghana
    a. I act as Managing Director (MD) in the absence of the substantive MD and have done so on several occasions. Responsibilities include exercising the powers conferred on the MD by the Board, e.g. managing the company to avoid any damage to the reputation of the Shell Brand and guiding the Management to achieve the objects set in both the short and long term.b. I represented West Africa Regional Finance Controller in London to draft the first Shell Oil Products Africa (SOPAF) Manual of Authority – London (October 2003).c. Personally motivated my staff as Treasurer by teaching them for free to write their professional exams. Two have since qualified as Chartred Accounants.
  • Shell Group
    Shell Internal Auditor
    Shell Group Oct 2003 - Jan 2008
    The audits independently reviewed business objectives and identified what risks may impact delivery of these objectives and checked measures in place to manage these risks to underpin delivery of the objectives. Part of the process involved review of short to long term strategic plans to ensure that a fit-for-purpose risk-based control framework was in place, designed to provide reasonable assurance of meeting business objectives, appropriately resourced, operating effectively and based on relevant business objectives. I have audited Oil Products, Chemicals, and Exploration and Production (EP). My role in these audits varied from Lead Auditor, Sub-Lead and Audit Resource, thus I related with fellow auditors in different capacities. The audits covered the following areas:In Downstream; General Controls, SOX Finance, Operating Company Finance Controls, Contracting and Procurement, Retail, Lubricants, Manufacturing, Supply and Distribution, LPG, Fuels and Bitumen, Human Resources, Management Information, Credit Control, Global Trading and Joint Venture/Subsidiary Governance. In Chemicals; I audited the Production Business Unit. In EP; Finance Readiness, Payroll Implementation and EP Blueprint Embedding. The above audits were performed in various locations; North and South America, Europe and Africa.
  • Shell Ghana Limited
    Jd Edwards Financial Systems Manager/Jd Edwards Systems Re-Implementation Manager
    Shell Ghana Limited Mar 2001 - Sep 2003
    Ghana
    I managed the JD Edwards Financial Accounting system. I received 3 consecutive bonuses (one month salary in each case) from Go live of JD Edwards Financials Re-implementation in Ghana in January 2002.I successfully managed and coordinated a diversified team of consultants and local staff to re-implement JD Edwards Financial package in Shell Ghana between September 2001 and March 2002. We passed the Health Check and went live January 2, 2003 as planned. This involved supervising activities of the re-implementation and ensuring that targets were achieved timely. I planned and coordinated the re-training of all staff in the JDE software. I liaised with management and gave constant feedback on the project. Also as Focal point for the General Ledger (GL) module, I re-designed and aligned the Reference Files (i.e. Chart of Accounts, Business Units etc) to the Group and West & Central African Hub Template standard, whilst meeting the fiscal needs. I also trained staff in the GL processes.
  • Shell Ghana Limited
    Treasurer
    Shell Ghana Limited Feb 1997 - Mar 2001
    As Treasurer I managed and controlled the company’s funds and risk towards the achievement of corporate objectives. There were five main functional areas within Treasury that I managed, namely; Credit Control, Accounts Payable, Cash and Bank, Payroll, Staff Loans Accounting and Insurance. In addition to the above duties, I managed effects of exchange rate (not derivative), produced Cash Forecast, negotiated with the banks on charges and interest rates and also (together with the Finance Manager) arranged overdraft/loan facilities. Part of my responsibility was assigning targets to staff and reviewing quarterly with them, which formed the basis of annual appraisal. I revised the Shell Ghana Treasury Policies and Procedures to ensure it was up to date and in line with the Shell Group Policy and Guidelines, which was reviewed by the Finance Manager and subsequently approved by the Board of Directors in 1998.
  • K.P.M.G
    Consultant
    K.P.M.G May 1995 - Feb 1997
    Ghana
    Re-engineering of Financial Systems, training and re-designing of procedures.I was the consultant responsible for the implementation of a financial/management information system (Sun Accounts) for the Head Office of Ghana Commercial Bank Limited; I was also one of the consultants on a similar project for the State Insurance Company of Ghana Limited, the biggest insurance company in Ghana. I implemented a Purchase Order Processing System and trained Ghana Cement (GHACEM) staff in its use. These implementations included re-engineering the Financial Processes, Information flow and security.
  • British Telecom
    Budget Analyst & Operational Finance Analyst
    British Telecom Mar 1990 - Feb 1992
    London, United Kingdom
    I analysed and reported on Monthly Expenditure against budget, highlighting the areas of concern and advising on how to address variances in order to meet the annual budget figures. I also assisted in the preparation of the Annual Operating Plans and carried out re-forecast.

Vincent Richter Skills

Managerial Finance Internal Audit Business Strategy Pensions Project Management Financial Reporting Internal Controls Financial Accounting Financial Audits Accounting Ifrs Financial Analysis Sarbanes Oxley Act Auditing Cash Flow Variance Analysis Financial Modeling Corporate Finance Strategic Financial Planning Management Accounting Management Tax Cost Accounting Accounts Payable Strategic Planning Corporate Governance Analysis Strategy Financial Risk Due Diligence Treasury Management Finance Budgets Business Planning Banking Forecasting Governance General Ledger Sap Procurement Accounts Receivable Risk Management Project Finance Cash Management Mergers And Acquisitions Valuation Business Process Improvement Restructuring Hyperion Enterprise Payroll

Vincent Richter Education Details

  • London School Of Accountancy
    London School Of Accountancy
    Associate Of Charetered Management Accountants & Global Chartered Mgt Accountant

Frequently Asked Questions about Vincent Richter

What is Vincent Richter's role at the current company?

Vincent Richter's current role is Retired Executive Director - Vivo Energy Ghana.

What is Vincent Richter's email address?

Vincent Richter's email address is vi****@****rgy.com

What schools did Vincent Richter attend?

Vincent Richter attended University Of Ghana, London School Of Accountancy.

What are some of Vincent Richter's interests?

Vincent Richter has interest in Travel And Site Seeing.

What skills is Vincent Richter known for?

Vincent Richter has skills like Managerial Finance, Internal Audit, Business Strategy, Pensions, Project Management, Financial Reporting, Internal Controls, Financial Accounting, Financial Audits, Accounting, Ifrs, Financial Analysis.

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