Joint Venture and Project Accounting Manager Job at Atlantic Energy - Nigeria

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Job Title: Joint Venture & Project Accounting Manager

Location: Lagos, Nigeria

Organisation: Atlantic Energy – Nigeria

Purpose of the role:

•   Responsible for anticipating, managing and controlling financial risks with regards to capital projects and joint ventures, both operated and non-operated, by ensuring using accurate and proper budget/ expenditure management and availability of accurate and current financial data

•   Coordinate and manage the Joint Venture and project accounts and reporting to the Financial Controller ensuring complete and accurate accounting of transactions.

Responsibilities:

•   Key member of the Nigeria Business CFO's leadership team and business partner/adviser to the COO and Project and Asset Managers in all financial matters related to the project/assets.

•   Build strong relations with JV Partners, COO and Assets/Project Managers

•   Champion the implementation of adequate internal controls in project/joint ventures to minimise financial risks with regards assets and projects management.

•   Oversee the budgeting and forecasting process, ensuring accurate forecasting processes for the projects/assets.

•   Ensure timely, accurate and complete development of assets/project budgets in conjunction with the Group Finance Team, COO and the Project/Asset Managers.

•   Oversee the timely preparation and processing of cash monthly cash call requirements

•   Ensure complete, timely and accurate capture and allocations of project/JV costs.

•   Ensure the accuracy of monthly project/assets invoicing and cost forecasts.

•   Coordinate and review periodic reconciliation of project/JV accounts.

•   Coordinate the effectively and timely monitoring and reporting of assets/project budget performance. Ensure performance against budget, variance analysis are timely reported and unapproved budget spend is mitigated.

•   Drive all matters relating to revenue – billings, recognition and collection.

•   Ensure timely Partner billings and reconciliation of billings to production and liftings.

•   Champion the proactive identification of cost reduction opportunities and assess risk of cost overruns and their implications.

•   Coordinate the month end reporting process and ensure timely and accurate reporting of JV and project accounts.

•   Ensure integrity of accounting records and compliance with company policies and GAAP and relevant reporting standards (SAS, IFRS).

•   Liaise with the Group Finance Team and Financial Controller on all project related issues

•   Liaise with relevant Joint Venture Partners to resolve issues

•   Ensure timely resolution of joint venture/project financial queries and issues.

•   Support the Group Finance,CFO,COO and Senior Management in the project/asset financial/performance analysis and preparation of relevant financial reports to monitor performance and support decision making.

•   Coordinate the periodic review and reforecast of project/asset budgets and costs

•   Oversee the periodic review the JV/projects transactions/activities and proffer improvement recommendations to the CFO and Project/Asset Managers.

key competencies/experienced required:

•   At least fifteen (15) years post qualifying experience with not less than ten (10) years in a managerial position in the upstream Oil and Gas Industry.

•   Excellent appreciation of budgeting, financial risks and cost controls, accounting and reporting (including IFRS) principles/standards especially in the Oil and Gas industry

•   Strong appreciation of project management skills with ability to multi task and function effectively under pressure

•   Very Strong leadership with excellent negotiating and influencing skills.

•   Ability to think strategically and holistically and provide direction and coaching to the team

•   Results oriented with a high sense of responsibility, accountability and dependability.

•   Strong analytical and problem solving skills with business and financial acumen.

•   Excellent relationship building, interpersonal and communication skills. Political savvy, diplomacy, maturity and tact including the ability to relate with a diversity of people.

•   Strong business ethics and high level of integrity

•   Proficiency in Microsoft office tools and working knowledge of finance and accounting systems (Sun).

Person specification:

•   A university degree in accounting or a finance related field

•   A professional qualification (ICAN, ACA/ACCA or CIMA).

Acknowledgement:

This job description has been designed to indicate the general nature and level of work performed by employees within this post. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the role.  These may therefore be subject to future amendments following appropriate consultation.

Joining Atlantic:

Please note that, due to the values upon which our organisation is based, all candidates who progress to final interview will have their credentials fully verified by a third party company.  This includes authenticating your background including education, qualifications, employment history and places of residence. By submitting your application to Atlantic you hereby agree that all information provided by you is correct and that you agree to undergo such checks as required prior to attending the final interview. Only when the new employee has successfully completed their probationary period will the employment deemed to be permanent.

All successful candidates will receive a copy of the terms and conditions on which employment is offered with their offer letter.

Joint Venture and Project Accounting Manager Job