Posted: 6 Oct 2008
Location: USA
BHP Billiton is all about smart technology, innovation and great talent. If you want a challenging career and a chance to explore resource opportunities as well as your ambitions, we’re the company for you. Think ahead. Think BHP Billiton.
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
EXPERIENCE AND QUALIFICATIONS
• Bachelor’s degree in Business with a strong accounting representation
• CPA preferred but not required
• Two to five years of professional experience preferably in upstream O&G
• Superior interpersonal skills to handle various customer and stakeholder groups
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:
* Joint Venture budgets to enable consistency of format and content
* Facilitate changes to Joint Venture processes and reporting as required by Joint Venture farm-ins and farm-outs,
* 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
* Set standards and process for non-operated cash calls, prepare cash call templates and supporting analysis documentation using data from operator
Joint Venture and Associated Financial Processes
* Coordinate key inputs directly from the Business Partners for finance processes and reporting including accurate and timely generation and distribution of Joint Interest Billings and Cash Calls, posting of Joint Venture payments, tracking and following up on outstanding receivable
* 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
* In collaboration with Business Partners review JIBs to consider cost recovery issues in accordance with the terms of all Joint Operating Agreements and Contracts
* 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
* Responsible for SOX certification of all financial controls and processes owned by the Joint Venture Analysis team
THINK OF THE OPPORTUNITIES WITHIN BHP BILLITON. THINK LOCAL. THINK GLOBAL.
With 38,000 employees working in more than 100 operations in approximately 25 countries, we represent the world’s largest diversified resources company. We take our commitment to the communities in which we operate and do business in very seriously, and we are committed to operating safely and sustainably.
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