Strategic Cost Allocation Accountant | SAP & M&O

Omega AS; Stavanger; On-site; NOK 750,000 - 950,000; Full time

Benefits offered by this job

Omega 365 personalized support

Visa assistance for expat consultants

Professional networking opportunities

Holidays houses and cabins access

Social events and trips

Job summary

Omega AS in Stavanger, Norway, is seeking an experienced Cost Allocation Accountant to join the Financial Accounting & Integrated Reporting department. You will manage monthly M&O cost allocations, maintain SAP allocation models, and support the overhead audit.

The role requires a bachelor’s or master’s degree in accounting or finance, at least five years of relevant experience, and fluency in Norwegian and English. SAP S/4HANA familiarity and strong Excel skills are essential.

Qualifications

• Bachelor’s or Master’s degree in accounting, finance, or a related field.
• Minimum five years of relevant accounting experience.
• Fluency in Norwegian and English, both written and verbal.
• Experience with SAP S/4HANA and a good understanding of relevant SAP modules and system interfaces.

Responsibilities

• Maintain and update allocation models for Manhour and Overhead 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 cost centers and cost objects.
• 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 Aker BP’s Overhead Audit.
• Perform financial analyses and support internal controls.
• Identify opportunities to improve, standardize, and digitalize accounting and allocation processes.
• Support other Corporate Accounting activities and ad hoc assignments.

Skills

Microsoft Excel

Analytical thinking

Cross-functional collaboration

Education

Bachelor’s or Master’s degree in accounting or finance

Tools

SAP S/4HANA

SAP modules

Job description

Omega AS in Stavanger, Norway, is seeking an experienced Cost Allocation Accountant to join the Financial Accounting & Integrated Reporting department. You will manage monthly M&O cost allocations, maintain SAP allocation models, and support the overhead audit.

The role requires a bachelor’s or master’s degree in accounting or finance, at least five years of relevant experience, and fluency in Norwegian and English. SAP S/4HANA familiarity and strong Excel skills are essential.