Joint Venture Accountant at Westsons Limited

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.

Salary
N20,000,000 - N30,000,000 annually.