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  • Job reference: RMS0208887

JV Accountant

  • Sector: Power & Energy
  • Location: Dubai
  • Job type: Permanent
  • Date posted: 03/04/2019
  • Duration: permanent
This vacancy has now been filled.

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The Role:
PRINCIPAL ACCOUNTABILITIES
* Maintain the books of accounts for the Joint Venture Assets / Licenses as per the provisions of the Joint Operating Agreements (JOA) and agreed standard such as Standard Oil Accounting Procedures (SOAP) UK and applicable standards from time to time.
* Total compliance with JOA provisions as appropriate to your area.
* Adhere control process and procedures approved by the Management in the respective areas on the Joint Venture Accounting.
* Adhere the time lines per JOA provisions and Internal reporting time table as issued.
* Interaction with Business Partners / Cost Engineers / Budget holders / Asset Managers and other department officials in order to obtain the required details / information to complete the month end process on Joint Venture Accounting.
* Ensure the month end closure process are adhered to complete the joint venture costs on Gross basis for Partner Reporting, including VoWD preparation and booking of all necessary journals entries in Sun6 financial transaction accounting system.
* Review of Gross book transactions recorded for each month and rectify the transactions if required before running the Cutback process for net reporting.
* Prepare and issue of Joint Venture Billings, Cash and bank reconciliation Statements, Cost Carry Statements and periodical Cash Calls after JV Manager / Finance Manager review as appropriate.
* Ensure AFE internal and external reporting.
* Respond to Joint Venture Partners queries on Billings / Cash Calls if required.
* Completion of monthly balance sheet reconciliations and ensure to correct and pass the necessary journals in the next month.
* Assist and respond to partner queries and support Finance Committee and Operating Committee as on when required.
* Planning, co-ordination and close out of partner Joint Venture Audits for the current period and open items on previous audit points. Act as a focal point for all Joint Venture Audit.
* Support external / internal audits and prepare / assist necessary pre-work, including but not limited to balance sheet reconciliations.
* Creation of Annual Opex cost codes for Maximo invoice routing.
* Active participation on Continuous Improvement Initiatives on JV Controls and desk top procedures.
* Adhere JV performance targets against agreed KPIs for periodical reporting to Management.
* Responsible for maintaining the integrity of JV financial data held in the General Ledger (Sun6 & Maximo) Work closely with colleagues across Finance and Commercial to ensure seamless service delivery.
* Assist the Business Partners on Cash Flow Forecasts as on when required.
* Ad hoc reporting and communication as may be required from time to time.

PERSON SPECIFICATION
Interpersonal
* Works collaboratively within a team environment and takes initiative to get things done
* Strong attention to detail and ability to self-review.
* Demonstrate understanding of processes, and ability to challenge inputs and review outcomes, whilst adhering to current process and timelines.
* Demonstrate strong ownership and focus on tasks, thinking logically and solving problems finding solutions.
* Strong oral and written communication skills to support working across all levels within the organisation.
* Good knowledge/ experience of JV accounting practices.

Skills & attributes
* Team player willing to demonstrate flexibility/ adaptability to work through peak cycles.
* A motivated self-starter, proactive, flexible and able to respond positively to challenge and ad-hoc requests.
* Ability to meet deadlines and deliver results through planning, organising and persistence.
* Ability to contribute to the team, but equally work on own initiative with minimum supervision.
* Strives for continuous improvement; brings solutions and constantly seeks new and better ways to work.
* Drives effective information sharing, with the ability to build networks and use a range of contacts.
* Actively shares Company vision and demonstrates ability to adapt to change.

Experience
* Good communication (both verbal & written) in English and team working skills
* Plan and manage workload within challenging timetables
* Works well with minimal supervision and can problem solve and seek out root cause solutions to avoid recurring issues
* Significant experience in Sun6, Q&A and Maximo, with strong MS Excel skills
* Good knowledge/ experience of accounting principles, SOAPs, SORPs and accounting under JOA provisions.
* Minimum 5 years working experience with Oil & Gas operators / Exploration and Production Companies.
QUALIFICATIONS
* Graduation in Accounting or Finance
* Professional Accountancy Qualification preferred (CA/ACCA/CIMA/Cost Accounting / MBA )
* Can evidence professional and personal ongoing development and/or learning
* Can articulate learning and training experiences

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.

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