The Joint Venture Accounting Analyst is responsible for ensuring costs are accounted for correctly and charged to JV partners in a timely and efficient manner and in accordance with the relevant JOAs for their area. The individual also acts as a key focal point for JV partners and is responsible for billings, resolving queries, partner cost reporting and budget approval etc. The role also involves working closely with the Asset Teams and other internal business stakeholders to ensure spend, forecast and budget information provided is accurate, timely and value- adding to internal management and decision-making processes.

Main duties and responsibilities

• Acting as a key focal point, taking accountability for all relevant queries and issues within the area of joint venture partnerships, including Asset Team and JV partner queries, partner budget approval, and preparation of variance commentary.
• Attending meetings as required, delivering finance messages and responding to finance questions raised during meetings.
• Taking responsibility for issuing billings to JV partners and resolving any late payment issues in a timely manner.
• Supporting the planning and performance processes through data collection, analysis, and preparation of presentation material for financial planning and reporting purposes.
• Developing and fostering close working relationships with the wider teams.
• Assisting Field Managers and their teams in delivering annual work plans, budgets, and quarterly re-forecast submissions, highlighting any financial issues to Management prior to submission to UK Planning and JV partners.
• Ensuring month-end accounting and reporting requirements are met to provide accurate and value-adding reporting information to Finance, the Asset Team, and the wider organization.
• Maintaining accurate Joint Venture master data and prepare and issue monthly partner billings, ensuring timely receipt of funds from partners.
• Performing review and control procedures to ensure appropriate and accurate operational shared cost allocations are aligned with Joint Operating Agreement (JOA) obligations.
• Working closely with the Performance Management team to review costs for reasonability and understanding of the business rational.
• Assisting with the Joint Venture external audit, resolving audit findings in a timely manner.
• Preparing JV partner reports, facilitate partner budget and Authorization for Expenditure (AFE) approvals, and liaise with Commercial and Legal Departments to ensure updates to agreements with JV partners are reflected appropriately for billing and reporting purposes and ensure compliance with process and policies as prescribed in JOAs.
• Performing key account reconciliations for areas of responsibility, including accrual reviews.
• Providing Petroleum Revenue Tax (PRT) data input to the tax team and perform other ad hoc tasks as required, such as data input in NSTA cost templates and providing information to other key business stakeholders.
• Preparing and issuing recharges in line with agreements and resolve late payment issues as necessary.

Applicants to this role require

• Relevant experience in upstream oil industry finance roles, with good knowledge of SAP Hana preferred.
• Experience in a company functional or asset finance managerial role, with a track record of leadership and delivery through others.
• Strong analytical and decision-making skills, with the ability to prioritize workload, delegate effectively, and drive change and continual improvement.
• Excellent communication and interpersonal skills, with the ability to collaborate with stakeholders at all levels and foster close working relationships.
• Detail-oriented with good management skills, drive, and performance focus.

TMM Recruitment INDFIN