Joint Venture Accountant at WTS Energy Full Time

Job Title: Joint Venture Accountant

Location: Lagos

Job Summary

• The purpose of the role is to monitor, record, advise and report on all financial related transactions on the Assets that belong to parties of the joint venture.
• The successful candidate will be an active member of the Finance team and play an integral role in the overall success of the Accounting and Finance department.
• The Joint Venture Accountant will report to the Finance Manager.

Key Accountabilities

• 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
• Tracking and reporting of updates on statutory requirements for JVs.
• Implementation of internal and external auditors’ recommendations on IV administration and reporting.
• Coordinate, prepare, and submit monthly cash calls to the partner, and attend cash call meetings as scheduled.
• Assisting the Finance Manager on other special assignments as m. be required from time to time.

Qualifications and Experience
The ideal candidate must possess the following:

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

Desired Attribute:

• Minimum of 6-8 years of cognate experience in an upstream oil & gas accounting.
• Joint Venture Accounting, supervisory experience. collection and partner dispute resolution
• Working knowledge of Joint Venture agreements
• Ability to analyze 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 a strong attention to detail.

Application Closing Date
No Specified.