Job Vacancies at WTS Energy

Job Purpose:

Role holder will be responsible for ensuring accurate and timely financial reporting, compliance with regulatory requirements, and implementing best practices in accounting procedures.

Service Description

• Prepare and analyze monthly, quarterly, and annual financial statements in compliance with GAAP (Generally Accepted Accounting Principles) and industry standards.
• Coordinate with internal stakeholders to gather financial data and ensure accuracy and completeness of reporting.
• Present financial reports and analysis to management, providing insights into financial performance and trends.
• Assist in the development of annual budgets and forecasts for the upstream division.
• Monitor budget performance, identify variances, and collaborate with operational teams to address deviations and optimize financial outcomes.
• Establish and maintain robust internal controls to safeguard company assets and ensure compliance with regulatory requirements and corporate policies.
• Conduct periodic reviews and audits to assess the effectiveness of internal controls and identify areas for improvement.
• Conduct financial analysis to support strategic decision-making and business planning initiatives.
• Collaborate with cross-functional teams to evaluate investment opportunities, assess project economics, and optimize capital allocation.
• Coordinate external audits and liaise with auditors to facilitate the audit process.
• Ensure compliance with tax regulations and oversee the preparation of tax returns and related filings.
• Lead and mentor a team of accounting professionals, fostering a culture of excellence, accountability, and continuous learning.
• Provide guidance and support to team members, promoting their professional growth and development.

KNOWLEDGE/ SKILLS REQUIRED

• Strong knowledge of GAAP and financial reporting requirements.
• Experience with ERP systems and financial software (e.g., SAP, Oracle, Hyperion).
• Excellent analytical skills with the ability to interpret financial data and trends.
• Demonstrated leadership abilities with a track record of building and developing high-performing teams.
• Effective communication and interpersonal skills, with the ability to collaborate across functions and influence decision-making.
• Detail-oriented mindset with a commitment to accuracy and integrity in financial reporting.
• Demonstrated leadership abilities with a track record of building and developing high-performing teams.

PROFESSIONAL QUALIFICATIONS REQUIRED

• Bachelor’s degree in accounting, Finance, or a related field.
• Candidate must be ICAN/ACCA Certified.
• Experience from any of the BIG-4 Audit firms.
• Proven experience in financial accounting, preferably in the oil and gas industry with exposure to upstream operations.

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Purpose of Role:

The Contracts & Procurements will be responsible for developing and implementing effective procurement strategies, negotiating contracts with suppliers and service providers, and ensuring compliance with company policies and regulations. The Contracts & Procurements will play a crucial role in optimizing costs, mitigating risks, and maintaining high standards of quality and efficiency in our operations.

Job Responsibilities

• Identify potential bidders for goods and/or services required and execute vendor prequalification. Develop and maintain a database of prequalified vendors for related goods and/or services.
• Prepare and administer all tenders for goods and services after receipt of approval. Prepare and undertake tender commercial evaluations post-receipt of tenders, draft and coordinate formal award recommendations and present to senior management.
• Propose and implement sound commercial strategies to address business needs and deliver value to the organization.
• Draft appropriate contractual and commercial terms and conditions using Company’s approved template (and input from legal, insurance, finance, health safety and environment and technical units) to best serve and protect Company’s interests.
• Lead commercial negotiations with project managers and contractors. Maintain and foster relationships with internal and external stakeholders to secure cost-effective contractual terms.
• Evaluate variation orders on their commercial implications based on a good overview and knowledge of terms and conditions in the contract.
• Assess the commercial merits of claims and coordinate legal, Insurance, Tax, Treasury etc. expert advice.
• Ensure that all contracting policies and procedures are applied and that all applicable laws are complied with.
• Promote commercial awareness and sound contracting principles within the organization.
• Perform regular supplier performance evaluation exercises to promote continuous improvement in service delivery.

Knowledge & Skills Required

• Strategic Procurement skills required within the oil and gas sector.
• Ability to exploit opportunities to gain best value in procurement and supplier management.
• Possess in-depth knowledge and experience of diverse range of markets and commodities in the oil and gas sector.
• Proficient in design, implementation, and management of inventory control systems.
• Proven experience in managing vendor relationships, global logistics management.
• Good understanding of strategic, technical, legal, finance and commercial issues
• High level of commercial awareness and fully developed analytical skills in terms of contractual costs and risk allocation.
• Full understanding of current procurement/contract legislations and the compliance requirements in terms of Supply chain
• Solid understanding of the oil and gas industry supply chain market and the contracting principles and practices
• Good understanding of procurement processes and procedures, tender preparation, administration, negotiation, and evaluation

PROFESSIONAL QUALIFICATIONS REQUIRED

• Bachelor’s degree in business administration, Supply Chain
• Management, Engineering, or a related field. A master’s degree or relevant professional certification (e.g., CSCP, CPSM, CPM) is preferred.
• Minimum of 7 years of experience in contracts and procurement management, preferably in the Upstream oil & gas industry.
• Proven track record of successfully negotiating complex contracts and managing supplier relationships.