Lead, Joint Venture Cost Accounting at Asharami Energy Limited

Posted on Mon 25th Mar, 2019 - hotnigerianjobs.com --- (0 comments)

Asharami Energy Limited - a Sahara Group Company - is an oil exploration and production company with a strategy to deliver long term and sustainable growth.

We are recruiting to fill the position below:

Job Title: Lead, Joint Venture Cost Accounting

Location: Ikoyi, Lagos

Purpose Statement

The role is responsible for all accounting and financial (incl. economics) related matters of both operated and non-operated joint ventures (JV) in accordance to (but not be limited to) Production Sharing Contracts/Agreements, Production Services Agreements, Accounting Procedure of Production Sharing Contracts/ Agreements and Joint Operating Agreement (JOA) with the partners, and to also be accountable for monitoring the progress of projects, investigating variances, approving expenses and CAPEX & OPEX budget management.

Key Deliverables

Prepare and send to the joint venture partners the joint interest billings which include information of inception to date, year to date expenditure on a timely basis.
Prepare and send to the JV partners the cash calls, cash forecasting and reconciliation of over/under cash call position for each working interest JV partner.
Monitor the cash spend in each of the JVs and ensure cash from operations are optimised by working closely with Treasury.
Maintain and monitor Joint Venture (JV) module in ERP systems including assets registers are properly maintain from inception to date.
Coding of all operated/non-operated Joint Interest Billing Invoices.
Set up and Maintain Joint Venture Accounting Master Files and AFE Master Files.
Perform monthly Joint Venture Accounting close processes.
Prepare and issue for each of the JVs a Work Program & Budget (WP&B) and corporate plan and budget.
Prepare and monitor including close out of Authorization for Expenditure (AFE) for all capital items.
Issue the budget compared to actual costs on a monthly basis to the JV partners.
Prepare the presentation the financial part of JV and attend meetings with host government and JV partners meetings (as required).
Co-ordinate the assurance / cost verification process for all JV Assets
Prepare and monitor including close out of Authorization for Expenditure (AFE) for all capital items.

Knowledge/Skills

Previous industry knowledge in;
- providing support on a producing asset
- providing support on the development of a field from FEED to construction, and
- Project accounting with detailed knowledge of project contracts and change order documents.
Good working knowledge of computer system and accounting software, MS Office programs especially Excel. Knowledge of Oracle Accounting Systems a plus.

Minimum Qualification/ Experience:

5-7 years of cognate experience with an upstream Oil and Gas Company or reputable audit firm.
A chartered accountant (ACA/ACCA/CPA/CIMA) with Accounting, Audit & Financial Reporting (Major in Finance/Accounting) background.

Personality Traits:

Excellent interpersonal and business communication skills
Strict professional with a dedication to precision
Detailed and highly numerate
Passion for excellence

Working Relationships:

Board of Directors
Senior Management
Joint Venture partners including; NPDC, Eroton, Petroci, AOG; NAPIMS;
Auditors (Internal & External); Tax Authorities, etc.
Project Heads
Investors

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

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