Joint Venture Accounting Manager
6 hours ago
Thorpe Molloy McCulloch Recruitment Ltd
Accounting & Finance VacancyWe have an exciting opportunity for a Joint Venture Accounting Manager to join our team. As a key member of the accounting team, you will be responsible for managing the Joint Venture Accounting function, ensuring accurate cost allocation and timely billings in line with Joint Operating Agreements (JOAs).
- Leading the Joint Venture Accounting Group, ensuring accurate and timely reporting.
- Delivering accurate financial information to JV partners per JOA requirements.
- Maintaining JV master data in SAP S4 Hana.
- Standardising processes across JV assets using SAP Analytics Cloud.
- Monitoring and following up on partner cash receipts and late payments.
- Assisting Field Managers with annual work plans, budgets, and re-forecast submissions.
- Monitoring changes to commercial agreements and ensuring accurate financial modelling.
- Presenting monthly financial performance reports to the Asset Team.
- Handling partner financial audits and minimising claims.
- Reviewing quarterly account reconciliations and AFEs.
- Supporting Tax Team with PRT deliverables.
Responsibilities:
- Oversee the Joint Venture Accounting function.
- Ensure accurate financial reporting and compliance.
- Develop and implement process improvements.
- Build and maintain strong relationships with JV partners.
Requirements:
- Proven experience in upstream oil industry finance roles.
- Proficient in SAP, preferably SAP Hana.
Salary Estimate: £60,000 - £80,000 per annum, depending on experience.
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