| OVERVIEW |
| Position | Finance Shared Services Manager | Department | Finance Manager | |
| Location | Bahrain | Reports to | As per the approved organizational structure | |
| Role Purpose | Our client is an energy transition company focused on energy security and decarbonisation. They operate primarily in the UK and Malaysia developing maturing and underdeveloped assets that provide organic growth opportunities. They are also transforming a major terminal in Shetland into a leading European energy hub.
This is a staff role based in the Bahrain office reporting directly to the North Sea Finance Manager with responsibility for managing companys Joint Venture accounting activities Revenue Logistics Inventory and transactional G&A. The successful candidate will ideally have a Finance Shared Services accounting background in an Oil & Gas Industry environment together with a passion for delivery the ability to work at a high level of accuracy and the determination to succeed. | |
| KEY RESPONSIBILITIES ACCOUNTABILITIES AND ACTIVITIES |
| General | - Overall responsibility for operated and non-operated Joint Venture accounting activities Revenue Logistics Inventory and transactional General & Administrative (G&A) cost activities.
- Ensure adherence to control processes and procedures approved by the Management in the respective areas of Joint Venture accounting.
- Line management support and development of Finance Shared Services team.
- Adhere to timelines per Joint Operating Agreement (JOA) provisions and Internal reporting timetables as issued.
- Ensure team has access to all relevant information required to complete all month-end accounting processes.
- Review month-end closure processes to ensure correct joint venture costs for Internal and Partner Reporting including Value of Work Done (VOWD) preparation.
- Review Gross book transactions recorded for each month and ensure rectification of issues prior to running the joint venture cutback process for net reporting.
- Review and approve monthly Joint Venture Billings Cash and bank reconciliation Statements Cost Carry Statements and Cash Calls.
- Ensure Authority for Expenditure (AFE) internal and external reporting is completed on an accurate and timely basis.
- Review of crude oil NGL Gas and ad-hoc sales invoices raised and related journal posting.
- Ensure aged receivables report is prepared monthly and issue the report to management.
- Review and approval of monthly balance sheet reconciliations and if required approval of correcting journals in the next month.
- Support Joint Venture Finance Committees and Operating Committees as required.
- Oversee planning co-ordination and close-out of Partner Joint Venture audits for current and legacy audit open items and issues.
- Support Group Financial Reporting team with internal and external reporting requirements as required.
- Drive programme for continuous improvement to develop and implement new initiatives to improve controls and simplify accounting processes and procedures.
- Maintain the books of accounts for the Joint Venture Assets / Licenses as per the provisions of the Joint Operating Agreements (JOA) and agreed standards such as Standard Oil Accounting Procedures (SOAP) UK.
- Adhere to control processes and procedures approved by the Management in the respective areas of Joint Venture Accounting.
- Adhere to timelines per JOA provisions and Internal reporting timetables as issued.
- Interact with Finance Business Partners Cost Engineers Budget holders Asset Managers and other departmental stakeholders to obtain the required details and relevant information to complete the month-end Joint Venture Accounting processes.
- Complete month-end closure processes to establish the correct joint venture costs for Internal and Partner Reporting including Value of Work Done (VOWD) preparation and booking of all necessary journals entries in the financial accounting system.
- Review Gross book transactions recorded for each month and rectify any issues required before running the joint venture cutback process for net reporting.
- Prepare and issue monthly Joint Venture Billings Cash and bank reconciliation Statements Cost Carry Statements and Cash Calls after Joint Venture Accounting Manager & North Sea Finance Manager reviews as appropriate.
- Ensure Authority for Expenditure (AFE) internal and external reporting is completed on an accurate and timely basis.
- Respond to Joint Venture Partner queries on Billings / Cash Calls as required.
- Complete monthly balance sheet reconciliations and if required process correcting journals in the next month.
- Assist and respond to partner queries and support Joint Venture Finance Committees and Operating Committees as and when required.
- Act as focal point for Partner Joint Venture Audits including planning co-ordination and close-out of current and legacy audit open items and issues.
- Support Group Financial Reporting team with internal and external reporting requirements as required.
- Assist with the development and implementation on new initiatives to improve controls and simplify the Joint Venture accounting processes and procedures.
|
| BACKGROUND QUALIFICATIONS & EXPERIENCE |
| Qualifications & Skills | - 5 years post qualification experience ideally with previous experience in the Oil & Gas industry.
- Strong Excel skills and experience of extracting financial information from accounting systems (SAP Oracle or SUN preferred).
- Evidence of ongoing professional and personal development.
- University Graduate with relevant degree
- Professionally Qualified (CA CIMA ACCA or similar).
- Ability to collaborate with individuals from diverse backgrounds in a multi-cultural environment.
- Presents themselves in a professional and ethical manner aligned with company values.
- Works collaboratively in a team setting and take the initiative to accomplish tasks.
- Strong attention to detail and capability for self-review.
- Demonstrate strong ownership of tasks logical thinking and problem-solving skills.
- Strong oral and written communication skills.
- Demonstrate flexibility and adaptability to manage peak cycles effectively.
- Motivated self-starter who is proactive flexible and positively responds to challenges and ad-hoc requests.
- Ability to meet deadlines and achieve results through effective planning and organisation.
- Ability to contribute to the team while also working independently with minimal supervision.
- Strives for continuous improvement; seeks innovative solutions.
- Facilitate effective information sharing and building networks.
- Actively supports the Company vision and adapts to change.
|
Required Experience:
Manager
OVERVIEWPositionFinance Shared Services ManagerDepartmentFinance ManagerLocationBahrainReports toAs per the approved organizational structureRole PurposeOur client is an energy transition company focused on energy security and decarbonisation. They operate primarily in the UK and Malaysia developing...
| OVERVIEW |
| Position | Finance Shared Services Manager | Department | Finance Manager | |
| Location | Bahrain | Reports to | As per the approved organizational structure | |
| Role Purpose | Our client is an energy transition company focused on energy security and decarbonisation. They operate primarily in the UK and Malaysia developing maturing and underdeveloped assets that provide organic growth opportunities. They are also transforming a major terminal in Shetland into a leading European energy hub.
This is a staff role based in the Bahrain office reporting directly to the North Sea Finance Manager with responsibility for managing companys Joint Venture accounting activities Revenue Logistics Inventory and transactional G&A. The successful candidate will ideally have a Finance Shared Services accounting background in an Oil & Gas Industry environment together with a passion for delivery the ability to work at a high level of accuracy and the determination to succeed. | |
| KEY RESPONSIBILITIES ACCOUNTABILITIES AND ACTIVITIES |
| General | - Overall responsibility for operated and non-operated Joint Venture accounting activities Revenue Logistics Inventory and transactional General & Administrative (G&A) cost activities.
- Ensure adherence to control processes and procedures approved by the Management in the respective areas of Joint Venture accounting.
- Line management support and development of Finance Shared Services team.
- Adhere to timelines per Joint Operating Agreement (JOA) provisions and Internal reporting timetables as issued.
- Ensure team has access to all relevant information required to complete all month-end accounting processes.
- Review month-end closure processes to ensure correct joint venture costs for Internal and Partner Reporting including Value of Work Done (VOWD) preparation.
- Review Gross book transactions recorded for each month and ensure rectification of issues prior to running the joint venture cutback process for net reporting.
- Review and approve monthly Joint Venture Billings Cash and bank reconciliation Statements Cost Carry Statements and Cash Calls.
- Ensure Authority for Expenditure (AFE) internal and external reporting is completed on an accurate and timely basis.
- Review of crude oil NGL Gas and ad-hoc sales invoices raised and related journal posting.
- Ensure aged receivables report is prepared monthly and issue the report to management.
- Review and approval of monthly balance sheet reconciliations and if required approval of correcting journals in the next month.
- Support Joint Venture Finance Committees and Operating Committees as required.
- Oversee planning co-ordination and close-out of Partner Joint Venture audits for current and legacy audit open items and issues.
- Support Group Financial Reporting team with internal and external reporting requirements as required.
- Drive programme for continuous improvement to develop and implement new initiatives to improve controls and simplify accounting processes and procedures.
- Maintain the books of accounts for the Joint Venture Assets / Licenses as per the provisions of the Joint Operating Agreements (JOA) and agreed standards such as Standard Oil Accounting Procedures (SOAP) UK.
- Adhere to control processes and procedures approved by the Management in the respective areas of Joint Venture Accounting.
- Adhere to timelines per JOA provisions and Internal reporting timetables as issued.
- Interact with Finance Business Partners Cost Engineers Budget holders Asset Managers and other departmental stakeholders to obtain the required details and relevant information to complete the month-end Joint Venture Accounting processes.
- Complete month-end closure processes to establish the correct joint venture costs for Internal and Partner Reporting including Value of Work Done (VOWD) preparation and booking of all necessary journals entries in the financial accounting system.
- Review Gross book transactions recorded for each month and rectify any issues required before running the joint venture cutback process for net reporting.
- Prepare and issue monthly Joint Venture Billings Cash and bank reconciliation Statements Cost Carry Statements and Cash Calls after Joint Venture Accounting Manager & North Sea Finance Manager reviews as appropriate.
- Ensure Authority for Expenditure (AFE) internal and external reporting is completed on an accurate and timely basis.
- Respond to Joint Venture Partner queries on Billings / Cash Calls as required.
- Complete monthly balance sheet reconciliations and if required process correcting journals in the next month.
- Assist and respond to partner queries and support Joint Venture Finance Committees and Operating Committees as and when required.
- Act as focal point for Partner Joint Venture Audits including planning co-ordination and close-out of current and legacy audit open items and issues.
- Support Group Financial Reporting team with internal and external reporting requirements as required.
- Assist with the development and implementation on new initiatives to improve controls and simplify the Joint Venture accounting processes and procedures.
|
| BACKGROUND QUALIFICATIONS & EXPERIENCE |
| Qualifications & Skills | - 5 years post qualification experience ideally with previous experience in the Oil & Gas industry.
- Strong Excel skills and experience of extracting financial information from accounting systems (SAP Oracle or SUN preferred).
- Evidence of ongoing professional and personal development.
- University Graduate with relevant degree
- Professionally Qualified (CA CIMA ACCA or similar).
- Ability to collaborate with individuals from diverse backgrounds in a multi-cultural environment.
- Presents themselves in a professional and ethical manner aligned with company values.
- Works collaboratively in a team setting and take the initiative to accomplish tasks.
- Strong attention to detail and capability for self-review.
- Demonstrate strong ownership of tasks logical thinking and problem-solving skills.
- Strong oral and written communication skills.
- Demonstrate flexibility and adaptability to manage peak cycles effectively.
- Motivated self-starter who is proactive flexible and positively responds to challenges and ad-hoc requests.
- Ability to meet deadlines and achieve results through effective planning and organisation.
- Ability to contribute to the team while also working independently with minimal supervision.
- Strives for continuous improvement; seeks innovative solutions.
- Facilitate effective information sharing and building networks.
- Actively supports the Company vision and adapts to change.
|
Required Experience:
Manager
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13 hours ago
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