Inventory and Financial Reporting Accountant

Posted 2 days ago
Job ID - 1550JS

Hutcheon Mearns are engaged by an E&P operator to attract an experienced Inventory and Financial Reporting Accountant on a permanent basis.

Based in the city centre, our client seeks a motivated and pro-active individual with experience in the upstream oil and gas sector.

Key responsibilities:

  • Responsible for maintaining all Financial Inventory records for the Joint Venture Assets / Licenses as per the provisions of the Joint Operating Agreements (JOA) and agreed standards such as Standard Oil Accounting Procedures (SOAP) UK
  • Ensure compliance with JOA provisions and timelines as appropriate to your area
  • Adhere to control process and procedures approved by Management in the respective areas on inventory for the Joint Venture Accounting and also Corporate Inventory Accounting
  • Interaction with Inventory team, plus Business Partners / Cost Engineers / Budget holders / Asset Managers and others as needed in order to obtain the required details / information to complete the month end process on Inventory Accounting
  • Ensure the month end closure processes are adhered to complete the joint venture costs for Partner Reporting, and booking of all necessary journal entries relating to Inventory
  • Maintain monthly reconciliations as appropriate to ensure inventory accounting records and physical inventory records are aligned
  • Assist with Well Cost Engineers in order to complete the well reconciliations in relation to the respective assets / licences
  • Assist and provide inventory information for internal, external and joint venture audits and deal with ad-hoc requests from the business
  • Assist the Financial Reporting Team with the North Sea consolidation month end tasks
  • Assist with other Financial Reporting Team tasks as required

The successful candidate will ideally have a professional accountancy qualification and the ability to deliver results against deadlines. Experience in the upstream oil and gas sector is essential.

 

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