Posted: 3 Oct 2009
Location: USA
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Description:
To provide accounting, financial stewardship, control, oversight and standard-setting for key Joint Venture processes. This includes the timely delivery of complete and accurate Joint Interest Billings (JIBs) and Cash Calls for Operated units ensuring compliance with various Joint Venture agreements and contracts, and review of JIBs and Cash Calls for non-Operated units.
This position reports to the Finance Lead - Joint Venture
ACCOUNTABILITIES
Global Standards for Key Joint Venture Processes
Assist in the establishment and development of standards, control processes and drive global consistency in methodologies around the following areas:
* Set standards and process for non-operated cash calls, prepare cash call templates and supporting analysis documentation using data from operator
* Establish or standardize and follow all control processes regarding cash disbursements
* In collaboration with the Business Partners, develop standards and core reporting requirements for all aspects of Joint Venture management reporting with specific consideration of all Joint Operating Agreements and Contracts
* Compliance processes for local Joint Venture reporting requirements, generate standard reporting solutions (ie cost recovery reports, local content reports)
* Set Global Standards for set-up and processing for AFEs and all associated governance and control processes (close-out, supplements, amendments)
* Set Global standards (including set-up and template) and process, central cataloging for AFE tracking and AFE reporting
Joint Venture and Associated Financial Processes
* Receive billing from Operator, map to database/spreadsheets and upload into GSAP
* Review of line-item detail for JIBS accuracy (including a check that NB items are not on the JIBS), follow-up on potential errors, perform reconciliations of BI/NB
* Reconcile recommendation of BP against JIBS and AFEs to determine over/undercall position
* Perform relevant activities during closing cycle
* Ensure compliance with Global Petroleum accounting policy as it relates to joint venture accounting
* Respond to ad hoc Business Partner queries
Role’s Core Competencies
* Gain a basic understanding of Joint Venture processes and methodologies
* Gain a sound understanding of the business systems used within Joint Venture
* Ability to undertake data gathering tasks and simple analysis under supervision.
* Ability to undertakes a role in non-operated Joint ventures booking invoices, cash disbursements and partner account reconciliations with a high degree of accuracy.
Experience & Qualifications Required
* Bachelor’s degree in Business with a strong accounting representation
* CPA preferred but not required
* Superior interpersonal skills to handle various customer and stakeholder groups
Contact Information:
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