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  • Job reference: RMS0129011

Asset Accountant

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 15/08/2013
  • Time left:
    d h m s
This vacancy has now expired.
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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:
•Review and challenge operators’ expenditure forecasts monthly
•Process production costs, tariff, and capex entries for the month end.
•Prepare monthly commentaries on production costs and investments Prepare and process the monthly tariff accrual bookings
•Ensure that relevant FCA control spreadsheets are maintained with revenue accruals and revenue invoice details on a monthly basis.
•Review and approve payment of Non-operator Joint Venture (NOJV) invoices in a timely manner. Ensure all spend is within approved AFE
•Represent the company at Finance Committee meetings as required
•Review and sign off AFE’s
•Set up internal orders/WBS project coding when necessary
•Quarterly AUC transfers
•Populate Supp 13 template on a quarterly basis
•Complete quarterly Abandonment template with well costs and decommissioning dates
•Completion of Quarterly Actuals Reporting Packs
•Update forecasts based on latest information received from the operator – input to the forecasting system and complete all commentary packs
•Co-ordinate the annual budget and planning process for the asset
•Review & challenge of Operator data for Business Plan purposes.
•Prepare Business Plan opex and capex templates for use by economists and enter data from economists into the planning and budgeting system.
•Liaise with internal auditors on any audits of the operator
•Provide financial input into investment papers required for Regional and Group Investment Committee approval
•Adhoc requests as required
•Joint Venture Accounting & Revenue Accounting
•Process monthly accounting entries for Oil sales revenue
•Booking sales data to the general ledger/sales and distribution model, reconciliation of individual debtors control accounts
•Preparing Aged Debtors report and chasing late payments
•Supporting preparation of weekly cash flow forecast (three month weekly view) covering sales income
•Reconciliations (accruals, prepayments in addition to debtors, Under/Over Lift)
•FCA (GL Control)
•Month end duties, including journal entries, VOWD collation and accruals and issue of partner billings within strict deadlines
•Booking of monthly tariff actuals and accruals and provision of variance analysis
•Assist with effective Cost Control support, reviewing and challenging opex and capex to ensure delivery of budgets/forecasts.
•Assist with preparation of JV opex & capex business plans, budgets and quarterly forecasts.
•Support JV Partner, internal and external audits.
•Co-ordinate JV Partner AFEs

Essential Skills / Qualifications:
•Qualified accountant.
•Must be able to understand the company Finance process and procedures and be capable of using them to add value to the Europe E&P business.
•Experienced in presenting financial reporting data, capable of drilling down to the critical points for a management or non-finance audience.
•Previous experience within a finance function.
•Working knowledge of SAP, BPC, BI and Excel.
•Knowledge of the Oil and Gas Industry preferred.
•Numerate with a good grasp of accounting fundamentals.
•Sound knowledge of oil & gas accounting and technical accounting background.
•Highly computer literate with excellent analytical skills.
•High attention to detail and accuracy.
•Strong working knowledge of SAP, BPC, BW, Excel & PowerPoint.
•Excellent communication skills both oral and written.
•Performance focused, demonstrates the ability to plan and organise a large volume of activity, committed and capable of working under pressure to meet tight deadlines.
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