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  • Job reference: RMS0145998

Joint Venture Accounting Team Lead

  • Sector: Commercial
  • Location: Malaysia
  • Job type: Permanent
  • Date posted: 11/08/2014
  • Time left:
    d h m s
    (18/08/14)
This vacancy has now expired.
The Company:
A MNC Oil exploration and production company with major interests in significant assets in Malaysia.

The Role:
This is a staff role based in Malaysia reporting directly to the Finance Manager with accountability and responsibility for all Joint Venture and Operations accounting. The successful incumbent will have a Joint Venture/Operations accounting background in an Oil & Gas Industry environment together with strong technical accounting experience a passion for delivery, the determination to succeed and an ability to manage and develop a team of professional accountants.

PRINCIPAL ACCOUNTABILITIES (key tasks/services for which incumbent is responsible)

•Responsible for General Ledgers for all operated joint ventures
•Manage accounting, cash requirement, and budget process for all production and exploration licences
•Manage monthly and year closings for all operated Assets in accordance with the Corporate reporting timetable
•Responsible for ensuring accuracy of month end joint venture accruals including both capex and opex
•Manage preparation of monthly partner billings for all operated licences
•Ensure control and accounting processes comply with Group policy and Statutory legislation as well as underlying JOA obligations
•Maintain Joint Venture Accounting risk register
•Develop and implement review and control procedures to ensure appropriate and accurate inventory accounting and operational shared cost allocations in line with Group policy and JOA obligations
•Develop and implement criteria and initiatives to simplify and streamline the process within the Joint Venture Accounting Team
•Manage the financial and budgetary control element of all Joint Venture expenditure
•Co-ordinate preparation, issue and approval of joint venture budgets and periodic budget reviews on same
•Establish process, systems and structure to facilitate effective cost control across the business and strong financial control environment for development projects through interface with Business Analysts
•Ensure all AFE's and asset budget amendments are raised and approved in accordance with Company policy and JOA requirements
•Manage Joint Venture external audits
•Support group external and internal audit through interface with Group Financial Reporting Team
•Co-ordinate the accounting effort in respect of tariffs
•Facilitate preparation of Ad hoc analytical data
•Coordinate monthly Joint Venture and corporate cash call and cash forecast requirements identifying reasons for variance from plan
•Maintain networks with industry peers and involvement with industry initiatives
•Establish development programme for the Joint Venture Accounting team
•Develop and manage succession plan for the Joint Venture Accounting Team

Essential Skills / Qualifications:
•Years of Experience - 15+ years
•Significant experience in a similar role or strong demonstrable Joint Venture Accounting experience with an Oil & gas operator
•Experience of and can demonstrate sound technical accounting knowledge
•Proven leadership capabilities
Significant excel skills and experience of extracting financial reporting information from accounting systems (SUN preferred)

Desirable Skills / Qualifications:
•University Graduate with relevant degree
•Professionally Qualified (CA, ACCA, CIMA)
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