Venture Financial Controller
1 week ago
Job Description
Company OverviewThe lxbfYeaa is a dynamic organization in the oil and gas industry, seeking an experienced Senior Venture Control Accountant to join our team. This role will be responsible for providing financial guidance and support to ensure the company's operations run smoothly.
Job ResponsibilitiesKey Job Accountabilities - I
Perform accounting of all revenues, ensuring correct invoice coding. Conduct month-end reconciliation, reconciling volumes to production allocation reports. Perform quarterly price adjustment reconciliation and post adjustment invoices. Coordinate monthly account reconciliation process and perform own account reconciliations.
Review allocated and direct operating costs for reasonableness. Review monthly capacity usage reconciliation. Review lease postings for accuracy and reasonableness. Ensure all cash calls are posted and accounted for correctly.
Compile cash forecasting for technical SAP companies by coordinating inputs from other areas of finance. Review cash forecast for reasonableness before sending to treasury.
Perform monthly tax calculation. Coordinate and review inputs from Asset & Materials, Allocation and Planning. Prepare for and calculate tax post TPOB regime expiry. Address working-level queries raised by Shareholder representative.
Contribute to preparation of annual financial statements, particularly drafting financial notes and ensuring compliance with IFRS reporting standards.
Key Job Accountabilities - II
Contribute to preparation of Monthly Shareholder Reporting and query resolution from internal and external stakeholders. Produce statistical reporting, such as PPI report, QCB Report, Sales report, foreign investments survey, energy survey, and ad-hoc reports as required.
Complete monthly upload of production volume data in BPC and associated revenues, ensuring integrity of inputs into planning system.
Contribute to preparation of annual budget and long-term business plan (WP&B).
Coordinate approval and implementation of master data requests, ensuring consistent updating of reporting hierarchies with new accounts or amended mappings.
Maintain strong understanding of compliance framework, including standards of internal controls, addressing control gaps, and recommending process changes. Apply effective control environment, including Table of Financial Authority (TOFA).
Qualifications
Bachelor's degree in Accounting, Finance, Economic, or Commercial discipline; or
Bachelor's degree in any discipline and internationally recognized professional accounting qualification (ACA, ACCA, CA, CFA, CIMA, CMA, CPA).
Knowledge and Experience - I
5 years' experience in oil and gas industry.
Strong knowledge of accounting systems.
Strong financial knowledge in compilation and analysis.
Strong commercial knowledge related to oil and gas industry.
Technical and Business Skills - I
Proficient in written and spoken English.
Computer literacy, including working knowledge of business software programmes such as EC, SAP, and BPC.
Ability to communicate effectively with internal/external clients.
Specialized financial knowledge in consolidation, compilation, and analysis.
Strong analytical, organizational, and planning skills.
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