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  • Job reference: RMS0183757

Joint Venture Accountant

  • Sector: Commercial
  • Location: Dubai
  • Job type: Permanent
  • Date posted: 17/08/2017
  • Duration: 2 years
This vacancy has now been filled.

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The Role:
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 Monthly Gross basis for and 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.
*Preparation, review and issue of Joint Venture Billings, Cash and bank reconciliation Statements, Cost Carry and Cash Statements & and periodical Cash Calls after JV Manager / Finance Manager review as appropriate.
*Ensure AFE internal and external reporting.
*Rand post appropriate transactions in Sun6.espond 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 Committees /and Operating Committees 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.
*Completion of monthly balance sheet reconciliations.
*Creation of AFEs and communication and management of the approvals process.
*Creation of Annual Opex cost codes for Maximo invoice routing.
*Upload of budget (and forecast) values into Sun6.
*Compliance with JV Controls and desk top procedures, including Active participation on Continuous Improvement Initiatives on JV Controls and desk top procedures.
*Understanding of 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.

The Company:
Our client is a leading E&P company with projects across the Globe. Due to recent expansion., they are currently looking to recruit an experienced Join Venture Accountant. The role is expected to have an interaction with Business Partners, Budget holders, Cost Engineers and Asset Managers, and will have "hands-on" responsibility for accurately maintaining the Gross Joint Venture accounting records.

Essential Skills / Qualifications:
Good communication (both verbal & written) in English and team working skills
*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.
*Graduation in Accounting or Finance Relevant experience in a related role within Oil & Gas or
*Professional Accountancy Qualification preferred ( CA / ACCA / CIMA / Cost Accounting / MBA

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.

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