Joint Venture Accountant at WTS Energy

WTS Energy provides recruitment and manpower services for the global oil and gas and energy industries. We supply engineers and consultants to our clients' projects and operations, and perform employment outsourcing services such as workforce management in oil and gas regions around the world. WTS Energy operates globally with offices in 14 countries and is operational in over 50 countries.

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.