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  • Posted: Sep 7, 2021
    Deadline: Not specified
  • Westsons will support your organization by applying resources to solve complex business challenges; thereby providing a sustainable platform for our clients to build value. Our primary aim is to be a leading provider of value-adding solutions to our clients by using our extensive repository of knowledge to help them meet their objectives.
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    Joint Venture Accountant

    Key Roles and Responsibilities

    • 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.
    • Provide supporting financial analysis/documents for WP&B and performance submissions.
    • Tracking and reporting of updates on statutory requirements for JVs
    • Implementation of internal and external auditors’ recommendations on JV administration and reporting.
    • Coordinate, prepare, and submit monthly cash calls to the JV partner, and attend cash call meetings as scheduled.
    • Assisting the Finance Manager on other special assignments as may be required from time to time

    Minimum Qualifications

    • B.Sc / HND in Accounting, Finance or any related field.
    • Professional accreditation (ACA, ACCA) is an advantage.
    • A Master’s degree is desirable.

    Work Experience:

    • Minimum of 4 - 6 years of cognate experience in upstream oil & gas accounting.
    • Joint Venture Accounting, supervisory experience.
    • collection and partner dispute resolution.
    • Working knowledge of Joint Venture agreements.
    • Ability to analyse 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 strong attention to detail.

    Preferred Skills / Prerequisites:

    • Excellent verbal and written communication skills at all levels.
    • Strong presentation skills.
    • Must be highly motivated and experienced in managing multiple matters.
    • Advance knowledge in application of ERP Accounting Systems.
    • General Applications: Microsoft Office packages.

    Method of Application

    Interested and qualified candidates should send their CV to: [email protected] using the Job Title as the subject of the mail.

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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