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Finance Analyst - Financial Accounting

Posted: 20 May 2008
Location: USA
DESCRIPTION

Provide accounting expertise and execution within the Global Petroleum Accounting organization. The Petroleum Financial Accounting team is a global financial department covering the general Financial Accounting for the entire Petroleum organization. This recently-formed group will be responsible for establishing global standards around finance and accounting processes worldwide while providing accounting and analytical support on a global basis.

This position reports to Finance Lead - Financial Reporting.
ACCOUNTABILITIES

Execution of General Financial Accounting Team Processes

* Compliance with Global Petroleum accounting policy
* Coordinate key inputs directly from the Business Partners within the division for finance processes and reporting
* Identify areas of continual improvement and propose corrective action where necessary
* Ensure timely delivery, completeness and accuracy of all standardized reports generated by the Petroleum Accounting team nation of month-end schedule for Petroleum

Execution of Global Standards for Key Finance/Accounting Processes

Comply with established of standards, control processes and drive global consistency in methodologies around the following areas:

* Perform monthly financial reporting for Global Other activities (Flash, Balance sheet review, cash flow)
* Maintain short term economic model for budgeting / forecasting requirements
* Portfolio Valuation Review requirements
* Accounting contact for Building Services activities
* Monitor Pension Fund accounting and employee provisions within Shared Service Centers
* Accounting for intangible assets
* Establishment and control of bank accounts (including interface with Treasury)
* Sundry receivables and prepayments
* Interest bearing liabilities
* Contingent liabilities accounting and reporting
* Insurance accounting for Global Petroleum
* PLT and Divisional Resource accruals
* Authority for Expenditure (AFEs) and all associated governance and control processes (close-out, supplements, amendments)

Execute processes of all finance and accounting activities related to divested assets including:

* Accounting for closure plans
* Budgets and forecasts
* Invoice processing
* Expense accruals
* Overriding royalty revenue accounting
* US MMS royalty interest calculation
* Balance sheet review items
* Master data setup request
* Provide input on Annual statutory accounts for divested assets
* Insurance accounting for divested assets
* Provide input on Tax accounting and tax compliance for divest assets

Sarbanes-Oxley Requirements for Petroleum General Accounting Team

* Responsible for SOX certification of assigned financial controls and processes owned
* Ensure appropriate documentation and ownership for all key controls within the Petroleum Accounting
* Remediation items related to SOX deficiencies and internal audit findings

EXPERIENCE AND QUALIFICATIONS

* Bachelor’s degree in Business with a strong accounting representation
* CPA preferred but not required
* Three to eight years of professional experience, preferably in upstream O&G
* Superior interpersonal skills to handle various customer and stakeholder groups
* Experience in financial accounting, reporting and overall governance

Contact Information:
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