JV Accountant (2)

Ithaca Energy UK Limited; Aberdeen City; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking dynamic JV Accountants to join their team in Aberdeen. In this pivotal role, you will be the financial backbone for Non-Operated/Project JV Assets, providing critical analysis and reporting to internal stakeholders. Your expertise in cost accounting and financial management will be essential in driving performance and ensuring compliance with regulations. Join a forward-thinking organization committed to energy transition and fostering a diverse workplace where your contributions will be valued. If you are ready to take on a challenging yet rewarding position, this opportunity is for you.

Benefits

Competitive salary

Employee benefits

Opportunities for professional growth

Qualifications

• Proven experience in a financial role within Exploration & Production sector.
• Technical knowledge of E&P accounting and Standard Operating Procedures.

Responsibilities

• Finance focal point for Non-Operated/Project JV Assets.
• Perform business analysis including cost accounting and cost controlling activities.
• Manage year-to-date and full-year revised forecasts in collaboration with budget holders.

Skills

Financial Analysis

Cost Accounting

Budget Management

SAP Proficiency

Communication Skills

Analytical Skills

Education

Degree in Finance or Accounting

Tools

SAP

Job description

Ithaca Energy is a leading full cycle exploration and production company headquartered in Aberdeen, Scotland. The business has built a diverse and high value portfolio of operated and non-operated assets across the Northern & Central North Sea and West of Shetland.

We are a dynamic and ambitious business on a rapid growth journey, recognising that the energy industry is entering a new era. As we move towards energy transition, our commitment to the North Sea is unwavering.

As a leading North Sea Operator, we are an agile and driven business, taking a pragmatic approach to oil & gas production through innovative thinking and advanced technologies. Our goal is to maximise value through the safe, efficient and responsible production of our assets.

Success is dependent on our talent and, with bold and inspired people, we will create a workplace that is diverse and equitable, building a culture of collaboration and inclusion.

Position Overview

Ithaca Energy is accepting applications for JV Accountant (2), located in our Aberdeen Office.

Reporting to the Senior JV Accountant, the JV Accountants are the cornerstone of the finance line for Non-Operated/Project JV Assets. Responsible for providing internal stakeholders with relevant and timely business control and asset performance analysis and reporting based on external information from JV Partners.

Responsibilities

• Finance focal point for Non-Operated/Project JV Assets
• Perform a range of business analysis including cost accounting and cost controlling activities to report on JV Asset performance.
• Build strong relationships with the Operator for Non-Operated licenses, ensuring appropriate challenge to JV partners.
• Work closely with the JV Budget holders to provide financial analysis and support regarding budgets, billings, and reforecasts.
• Manage year-to-date and full-year revised forecasts in collaboration with budget holders, considering the latest Operator information.
• Handle all JV-related financial tasks such as financial presentations, attendance at JV committees, JV budget, JV billings, and regulatory reporting.
• Serve as the main contact for all finance-related questions for the Non-Operated JV Asset.
• Coordinate and validate monthly Non-Operated/Project JV billings, ensuring timely approval and payment in line with JOA.
• Participate in internal and external audits as required.
• Calculate month-end accruals for Non-Operated/Project JV assets.
• Understand the financial requirements in JOA's and the associated internal DoA matrix.
• Manage AFE approval process and cost tracking for JV Assets, ensuring correct accounting treatment.
• Assist in developing the Joint Venture Accounting Function, streamlining and standardizing procedures, and engaging with other Accountants for knowledge sharing.
• Maintain account reconciliations according to schedule, ensuring compliance with SOX requirements, and resolve outstanding issues.
• Track expenditure against AFE's, reconcile billings to AFE and Budget/forecast, and challenge Operators/Project Managers when necessary.

Qualifications & Experience

• Proven experience in a similar financial role within the Exploration & Production sector, with a solid understanding of E&P asset performance.
• Technical knowledge of Exploration & Production accounting, including Standard Operating Accounting Procedures, to ensure fair asset expenditure, maximized reimbursements, and successful JV audits.
• Ability to challenge and review financial data, highlighting anomalies to budget holders and JV Finance Teams.
• Ability to work independently and as part of a team.
• Strong prioritization skills and ability to meet monthly deadlines.
• Commitment to delivering high-quality work on time.
• Proficiency in SAP is essential.

We are committed to building a diverse organization with a variety of backgrounds, skills, and perspectives. The more inclusive we are, the better we perform. If you meet most of the criteria, we encourage you to apply.

• Competitive salary and a broad range of employee benefits
• Opportunities for professional growth and development