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  • Job reference: RMS0104805

Asset Accountant

  • Sector: Engineering
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 10/01/2012
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The Company:
With interests in over 20 UK Continental Shelf (UKCS) fields, my Client has one of the most significant exploration and production businesses in the offshore waters of the UK.

The Role:
• Month end duties, including journal entries, VOWD collation and accruals, report preparation and analysis and issue of partner billings within strict deadlines
• Preparation of monthly variance analysis commentary (gross and net) for internal (Our Client) and external (JV partner) reporting
• Preparation and booking of monthly tariff actuals and accruals and provision of variance analysis
• Ensure validity and accuracy of working capital balances per the billings and ensure cash is received from partners on the required due date
• Provision of effective Cost Control support, reviewing and challenging opex and capex to ensure delivery of budgets/forecasts.
• Responsible for adherence to all aspects of JOA accounting provisions including effective AFE procedures.
• Ensure internal approvals processes are followed.
• Provision of cost updates/analysis to customer groups (internal and external) within agreed timeframes
• Preparation of JV opex & capex business plans, budgets and quarterly forecasts.
• Co-ordination of joint venture audits for assets for which responsible
• Presentation at JV Partner meetings

Joint Venture Accounting

• Month end duties, including journal entries, VOWD collation and accruals, report preparation and analysis and issue of partner billings within strict deadlines
• Preparation of monthly variance analysis commentary (gross and net) for internal (Our Client) and external (JV partner) reporting.
• Preparation and booking of monthly tariff actuals and accruals and provision of variance analysis
• Ensure validity and accuracy of working capital balances per the billings and ensure cash is received from partners on the required due date
• Provision of effective Cost Control support, reviewing and challenging opex and capex to ensure delivery of budgets/forecasts.
• Responsible for adherence to all aspects of JOA accounting provisions including effective AFE procedures.
• Ensure internal approvals processes are followed.
• Provision of cost updates/analysis to customer groups (internal and external) within agreed timeframes
• Preparation of JV opex & capex business plans, budgets and quarterly forecasts.
• Co-ordination of joint venture audits for assets for which responsible
• Presentation at JV Partner meetings

Essential Skills / Qualifications:
• Qualified accountant (CIMA or equivalent)
• International Financial Reporting Standards applicable to the Oil and Gas industry and extensive joint venture accounting and audit experience.
• Understanding of Joint Operating Agreement (JOA’s) and vendor contracts
• SAP / Cognos competency, Advanced Excel and presentation skills
• General technical understanding of offshore operations
• Demonstrated ability to take responsibility and improve processes
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