Summary
QatarEnergy LNG is hiring a Senior Venture Control Accountant in Doha. The role covers revenue accounting, reconciliations, cost and lease reviews, cash forecasting, tax calculations, financial statements, shareholder reporting, budgeting and control compliance. Applicants need a relevant bachelor's degree or an internationally recognised professional accounting qualification, along with five years of oil and gas industry experience. Strong knowledge of accounting systems and specialised financial and commercial knowledge are required.
The posting
As published on qatarenergylng.qa. Pulled from the employer's site and shown as they wrote it.
Job Purpose
- Provide professional advice and guidance on division specific financial, accounting, management accounting, tax, and related issues, whilst demonstrating a sound understanding of the underlying principles, concepts, and standards. Perform analyses and present financial data, both internally and externally.
Key Job Accountabilities - I
- Perform the accounting of all revenues ensuring correct invoice coding. Perform month end reconciliation which reconciles volumes to the production allocation reports. Perform the quarterly price adjustment reconciliation and post the adjustment invoices and co-ordinate the monthly account reconciliation process and perform own account reconciliations.
- Review allocated and direct operating costs for reasonableness and review the monthly capacity usage reconciliation. Review lease postings for accuracy and reasonableness and ensure all cash calls are posted and accounted for correctly.
- Compile the cash forecasting for technical SAP companies by coordinating and reviewing input from other areas of finance and review cash forecast for reasonableness before sending to treasury.
- Perform the monthly tax calculation. Coordinate and review inputs from Asset & Materials, Allocation and Planning. Prepare for and calculate tax post TPOB regime expiry. Address working level queries raised by Shareholder representative.
- Contribute to the preparation of the annual financial statements, in particular drafting various financial notes and ensuring compliance with the most up to date IFRS reporting standards.
Key Job Accountabilities - II
- Contribute to the preparation of Monthly Shareholder Reporting and query resolution from internal and external stakeholders. Produce the statistical reporting i.e., PPI report, QCB Report, Sales report, foreign investments survey, energy survey, and ad hoc reports as required. Complete quarterly reporting and forecasting requirements as required by majority shareholder.
- Complete the monthly upload of the production volume data in BPC and associated revenues and ensure integrity of the inputs into the planning system.
- Contribute to the preparation of the annual budget and long-term business plan (WP&B).
- Coordinate the approval and implementation of master data requests, ensuring that the various reporting hierarchies are consistently updated with new accounts or amended mappings.
- Ensure a strong understanding of the compliance framework including standards of internal controls, addressing control gaps, and recommending process changes. Ensure an effective control environment is applied including application of Table of Financial Authority (TOFA).
Qualifications
- Bachelor’s degree in an accounting, finance, economics or commerce discipline, or
- Bachelor’s degree in any discipline and an internationally recognised professional accounting qualification (ACA, ACCA, CA, CFA, CIMA, CMA, CPA).
Knowledge and/or Experience - I
- 5 years’ experience in the oil and gas industry.
- Strong knowledge of accounting systems.
- Strong specialised financial knowledge in a range of areas including consolidation, compilation and analysis.
- Strong commercial knowledge related to the oil and gas industry.