JV Accountant

Ithaca Energy; Aberdeen City; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading energy company in Aberdeen is seeking a JV Accountant to manage financial tasks for Non-Operated/Project JV Assets. The role involves financial analysis, reporting, and collaboration with internal stakeholders to ensure efficient asset performance. Ideal candidates will have a strong background in finance within the Exploration & Production sector and proven SAP skills.

Qualifications

• Proven track record in a similar financial position in the Exploration & Production sector.
• Requires technical knowledge of Exploration & Production accounting.

Responsibilities

• Finance focal point for Non-Operated/Project JV Assets.
• Perform business analysis including cost accounting and controlling activities.
• Responsible for all JV related financial tasks.

Skills

Financial Analysis

Cost Accounting

Teamwork

Initiative

SAP

Job description

About Us

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 corner stone 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 up strong relationship with Operator for Non Operated licenses, ensuring challenge to JV partners as appropriate.
• Work closely with the JV Budget holder(s) to provide financial analysis and support in respect of budgets, billings and reforecasts.
• Responsible for year to date and full year revised forecast, performed with budget holders on a monthly basis, considering latest Operator information.
• Responsible for all JV related financial tasks such as, but not limited to, financial presentations and attendance at JV committees, JV budget, JV Billings, regulatory reporting etc.
• Focal point for all finance related questions for the Non- Operated JV Asset
• Responsible for the validation and coordination of monthly Non Operated / Project JV billings ensuring timely approval and payment, in line with JOA.
• Participate in internal and external audits when required.
• Calculate month end accruals for Non- Operated /Project JV assets.
• Understanding of the financial requirements in JOA’s and associated internal DoA matrix.
• Manage AFE approval process and cost tracking for JV Asset, ensuring correct accounting treatment.
• Assist in the development of the Joint Venture Accounting Function covering multiple assets – streamlining and standardising procedures wherever appropriate and engaging with other Accountants for knowledge sharing and back-up cover.
• Maintain account reconciliations assigned to the position according to the agreed schedule and in compliance with SOX requirements and manage to conclusion any outstanding issues.
• Track expenditure against AFE’s and reconcile billings to AFE and Budget/forecast and challenge Operators/Project Managers when required.

Qualifications & Experience

• Proven track record in a similar financial position in the Exploration & Production sector, with a good understanding of E&P asset performance.
• Requires technical knowledge of Exploration & Production accounting including Standard Operating Accounting Procedures in order to ensure asset expenditure is fair and equitable, company reimbursement is maximised, and JV audits are successful.
• Ability challenge and review financial data, highlighting anomalies to budget holders and JV Finance Team.
• Capable of working on own initiative but also demonstrating great teamwork.
• Ability to prioritise and work to monthly deadlines.
• Ensure all deliverables are fulfilled on time and of a high quality.
• Proven SAP skills essential.

We are committed to building a diverse organisation with a variety of backgrounds, skills and views. The more inclusive we are, the better we are.We recognise you may not fulfil every criteria but if you meet most of them, please apply.