Senior Project Accountant Vacancy in Oil and Gas (E&P)

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Vacancy exist in an Oil and Gas (E&P)
 
JOB PROFILE

Job Title: Senior Project Accountant

Reports to: Project Accounting Manager

Interacts with:

Internal:
Finance function
Project Managers
Technical Staff and Contractors
Commercial Group
Legal Group

External:
JV partners
Auditors
Suppliers
Consultants
Government officials


Job Purpose:

To assist the Project Accounting Manager in Budgeting, Cost Control, Cost monitoring and Cost reporting


Responsibilities and Key Objectives:

- Prepare and ensure monthly recognition of crude revenue
- Compute and ensure recognition of monthly royalty payable on production.
- Review of all requisitions in the system, orders and direct invoices to confirm accuracy and ensure that transactions are recorded accurately for production operations and non-operated assets.
- Ensure the detailed operating cost vs budget report with comments on variances is prepared monthly for all assets and discussed with the Project Accounting Manager.
- Ensure the detailed operating cost forecast is prepared monthly for the Asset
- Ensure timely and accurate preparation of the financial reports for Asset monthly.
- Analyze and ensure that monthly project accruals for operating expenditure and non-operated assets are properly book
- Compile and produce input for monthly project reports and management accounts reporting.
- Carry out reconciliation of cash call payments by JV Partners and review cash call requests of the Asset for reasonableness.
- Review bank statements of the Asset, ensure prompt cash call payments by JV partner, follow-up JV partner on delay cash call payment and carry-out reasonableness check of payments made out of the JV bank accounts.
- Review billing statements and working capital statement of the Asset for reasonableness and accuracy.
- Book billing statement of the Asset promptly and accurately.
- Follow-up with JV partner and ensure prompt closure of all outstanding accounting issues for the Asset
- Work closely with the operator of non-operated assets to ensure timely and accurate availability of accounting information on the projects.
- Ensure prompt review and timely submission of all reports on the monthly deliverables time-table.
- Prepare monthly balance-sheet schedule for the Asset
- Perform other adhoc analyses and reporting roles as may be designated by the Project Accounting Manager from time to time

PERSON SPECIFICATION

Education:

First degree with Professional qualification (ICAN, ACCA), knowledge of upstream oil & gas project accounting required.

Job Knowledge, Skills and Experience:

- A minimum of 5 years cognate post graduation accounting experience.
- Must have big picture mentality required to see financial issues in broader and commercial context
- Must be a skilled relationship builder with people focus and be successful at leading teams
- Must have solid technical accounting experience
- Deliver organisation wide improvements through building trust and rapport with cross functional management teams and in particular asset managers/budget holders in Lagos office
- Problem identifier and problem solver
- Ability to challenge budget and cost control in a positive manner
- Self starter and self motivated and looking at how best to do things moving forward as opposed to just following how things have been done before
- Ability to take decisions and able to make judgement calls on when senior colleagues need to be consulted, by recognising the sensitivity of matters/situations especially with dealings JV Partners.

Method of Application 
Interested and qualified candidates should send their CV to ifiach@yahoo.com using Senior Project Accountant as Subject

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