Financial Accountant
The Upstream Oil department is responsible for the management of company Exploration and Production (EP) Assets located mainly in West Africa. We are looking for a strong financial accountant to be responsible for assisting with the accurate and timely preparation of monthly financial accounts for a number of group companies involved in the upstream business. This role offers the opportunity to work in a growing, busy and dynamic team, with the support and financial security offered by a large multinational FTSE 100 company.
KEY RESPONSIBILITIES
Joint Venture
- analysis and booking of Joint Interest billing and Cash calls for company's nonoperated assets
- preparation of Joint Interest Billings and Cash Calls for operated assets
- preparation of ad hoc reports for partners and government ministries as required by various Joint Venture agreements and contracts
Month-end duties including
- Calculation, preparation and input of journal entries for EP companies
- Preparation of account reconciliations, review of monthly financial statements and detailed balance sheet review
- local petty cash, bank account administration and payroll administration and booking
- preparation of monthly Withholding tax returns for filing with local tax authorities
- preparation of monthly cost recovery statements and supporting documentation
Preparation of Statutory Accounts for EP group companies
Preparation of local tax returns and local books for all overseas registered branches
Maintain accurate and complete supporting documentation for above
Provide SAP system support (Master data maintenance etc.)
Internal Controls - review and document internal controls and processes to ensure compliance with policies and standards
Support annual group year-end audit of all EP assets
Support Joint Venture, cost recovery and tax audits as required
EDUCATION EXPERIENCE REQUIREMENTS
- Qualified ACA/ ACCA / CA
- Experience of EP company or similar business environment preferred
- SAP experience an advantage
***Oil Recruitment has been working with some of the world’s leading banks, trading companies, major oil companies and utilities within the energy trading arena since 1998. We work on roles in trading, broking, risk, credit, quantitative analysis, consultancy, shipping, chartering, operations and contract analysis across the upstream and downstream energy markets in crude, oil products, gas, power and carbon.
To learn more about our business and to see details of our other vacancies visit www.oilrecruitment.co.uk
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