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JV Finance Specialist

  • Location:

    Basrah

  • Sector:

    Energy

  • Contact:

    Nima Ardalan

  • Job ref:

    4175

  • Published:

    16 days ago

  • Expiry date:

    2024-08-07

mselect is looking for a JV Finance Specialist for an international energy client in Basrah, Iraq. Candidates must have at least 5 to 10 years of experience in finance in the oil and gas industry. Fluency in English and Arabic is a must.

CONTEXT AND ENVIRONMENT
The affiliate activities require the creation of a solid Finance structure, with strong Cost / Reporting and Budget teams to ensure efficient support to the business, and compliance with contractual obligations to the various partners, in a challenging and new work environment.

MAIN ACCOUNTABILITIES

Joint Venture Activity:
  • Under the supervision of the Head of Budget and Reporting Joint Venture (JV) and State, ensure the finance aspects of the JV assets are administered in line with the Development and Production Contract (DPC) and Joint Operating Agreement (JOA)
  • Key Finance interface between the Affiliate, and Partners’ and Authorities’ finance teams with
  • Coordinate the planning and preparation of the Partners’ and Authorities Budgets and associated revisions, in liaison the Business and Asset Management (BAM) team
  • Ensure the timely submission of various contractual statements for Partners and Authorities such as Cash Calls, Joint Interest Billings (JIBs), Cost Recovery Statements, Work Program and Budget Book
  • Provide timely responses to all queries from partners and authorities on the contractual statements
  • Manage historical data on budgets, expenditures, approvals, and funding of Joint Operations by Partners and ensure consistency in reporting
  • Ensure timely booking of relevant JV transactions in SAP especially during the monthly accounting closure
  • Manage Partner Joint Venture (Operated and Non-Operated) audits and support Cost Recovery audits
  • Coordinate responses to audit queries related to Cost Control, and resolution of audit exceptions
  • Implement and update all JV finance related policies, procedures, and manuals in line with the Group standards, DPC and the JOA ensuring they meet accounting best practices, statutory requirements and changing business requirements
  • Contribute to the successful implementation of a robust internal control framework within the subsidiary with due respect given, in its area of action and competence, to Sarbanes-Oxley Act and company group policies and specifications

KEY REQUIREMENTS
  • Degree in accounting or Finance or equivalent.
  • Minimum 5 to 10 years’ experience in finance in Oil and Gas and in multiple activities. Iraqi context experience is a plus.
  • Expert knowledge of systems, Microsoft office (Excel, Power Point and Word) and SAP/ ERP.
  • Strong analytical skills.
  • Strong communication and interpersonal skills.
  • Excellent knowledge of English language (speaking and writing).

*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.