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Full Time |
Lagos |
Posted 8 months ago |
We are recruiting to fill the position below:
Job Title: Joint Venture Accountant
Location: Lagos
Job Summary
- The purpose of the role is to monitor, record, advise and report on all financial related transactions on the Assets that belong to parties of the joint venture.
- The successful candidate will be an active member of the Finance team and play an integral role in the overall success of the Accounting and Finance department.
- The Joint Venture Accountant will report to the Finance Manager.
Key Accountabilities
- Validation of JV project payments and entries into project accounts with the Contract Administrator, Cost Accountant and Accounts Payable Manager.
- Validation of JV Project inflows with Production Team and Treasury Operations.
- Preparation of JV financial performance reports on monthly, quarterly, and annual basis
- Monitor and ensure the efficiency and accuracy of internal reporting systems for the purpose of joint venture partner reporting.
- Lead the preparation, and presentation of SUBCOM, TECOM and OPCOM financial briefs in line with JOA.
- Interaction with Project Managers and Technical Operations, for status updates on JV projects and ensure financial performance reports correctly reflect activities.
- Lead the monthly finance performance review meetings with JV partner representatives.
- Ensure proper filing and archiving of all JV reports for ease of retrieval.
- Coordinate the process of audit of the JV financial accounts when required by the JV partner.
- Coordinate and prepare Annual Work Program and Budget (WP&B) for the JV in line with JOA.
- Prepare reconciliation reports of joint venture partner balance sheet accounts
- Tracking and reporting of updates on statutory requirements for JVs.
- Implementation of internal and external auditors’ recommendations on IV administration and reporting.
- Coordinate, prepare, and submit monthly cash calls to the partner, and attend cash call meetings as scheduled.
- Assisting the Finance Manager on other special assignments as m. be required from time to time.
Qualifications and Experience
The ideal candidate must possess the following:
- B.Sc Degree in Accounting, Finance or any related field.
- Professional accreditation (ACA, ACCA) is an advantage.
- Master’s degree is desirable.
Desired Attribute:
- Minimum of 6-8 years of cognate experience in an upstream oil & gas accounting.
- Joint Venture Accounting, supervisory experience. collection and partner dispute resolution
- Working knowledge of Joint Venture agreements
- Ability to analyze AP issues and provide resolution to pertinent parties internally and externally.
- Experience with ERP systems.
- Solid understanding of full-cycle oilfield capital activities and production practices
- Ability to work in a fast-paced environment and meet tight deadlines.
- Ability to work independently and within a team environment.
- Excellent communication skills and a strong attention to detail.
Application Closing Date
No Specified.
Job Features
Job Category | Accountant |