Senior M&O Accountant (SAP) – Cost Allocation & Analysis

SaaS Recman AB; Stavanger; On-site; NOK 650,000 - 900,000; Full time

Job summary

Head Energy is seeking an experienced Accountant to manage M&O allocations in SAP, record monthly charges and accruals, and support internal controls. The role requires a strong background in cost allocation and balance sheet reconciliations.

In a bilingual environment (Norwegian/English), you will collaborate across departments, maintain cost centers, and contribute to continuous improvement and digitalization of processes.

Qualifications

• Bachelor’s or Master’s degree in accounting, finance, or a related field.
• Strong understanding of accounting principles, balance sheet reconciliations, accruals, and cost allocation.
• Proficiency in Microsoft Excel.
• Fluency in Norwegian and English, both written and verbal.
• Minimum five years of relevant accounting experience.
• Experience with SAP S/4HANA and a good understanding of relevant SAP modules and system interfaces.
• Experience with payroll accounting and related balance sheet reconciliations is an advantage.

Responsibilities

• Maintain and update allocation models for M&O costs in SAP, including monthly allocation keys.
• Perform the monthly M&O allocation process.
• Record monthly charges and accruals related to M&O costs, ensuring timely and accurate financial reporting.
• Reconcile balance sheet accounts related to payroll, M&O costs, and prepayments.
• Prepare and issue recharge invoices to relevant internal and external stakeholders.
• Maintain master data related to M&O processes, including the creation and maintenance of cost centers and cost objects used for time registration and allocations.
• Analyze costs charged to the M&O allocation pool and assess compliance with Joint Operating Agreements and NOG30 requirements.
• Prepare documentation for and participate in client’s Overhead Audit.
• Perform financial analyses and support the execution and documentation of internal controls.
• Identify opportunities to improve, standardize, and digitalize accounting and allocation processes.
• Support other Corporate Accounting activities and ad hoc assignments as required.

Skills

Accounting principles

Balance sheet reconciliations

Cost allocation

Payroll accounting

Financial analysis

Education

Bachelor/Master in accounting/finance

Tools

SAP S/4HANA

Microsoft Excel

Job description

Head Energy is seeking an experienced Accountant to manage M&O allocations in SAP, record monthly charges and accruals, and support internal controls. The role requires a strong background in cost allocation and balance sheet reconciliations.

In a bilingual environment (Norwegian/English), you will collaborate across departments, maintain cost centers, and contribute to continuous improvement and digitalization of processes.