Senior Venture Control Accountant

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.

Reporting and Relationships - I

• Reports to Head of Venture Control.
• Direct reports: None.

Internal

• Regular interface with Managers, Heads and other team members in venture control, Finance & Planning, and other departments within QatarEnergy LNG as deemed necessary.

External

• Regular interface with shareholder representatives, external advisors (Auditors/Tax Advisors) and government bodies.

Job Context & Major Challenge(s) - I

• Multiple shareholders and stakeholders to interact and satisfy.
• Plays a key role in ensuring routine month end, quarterly and yearly accounting entries and reporting are met on a timely basis while ensuring a robust financial control framework.
• Complexity in nature due to dependencies outside of finance and performing finance transactions that are not focused on one area.
• The Senior Accountant is required to have familiarity and a good understanding of the various commercial and foundation agreements and the impact on the financial position of each company.

Financial Dimension

• As defined for this job level in the Delegation of Authority and/or approved budget.

Safety Health & Environment

• Ensure all activities are undertaken in compliance with Company Safety, Health and Environment and Quality policies, regulations and standards

Qatarization Program

• Contribute to the development of Qatari employees. This accountability is a condition of employment for expatriate employees.

Firewall Compliance

• Ensure all activities undertaken comply with anti – trust and competition laws and the Company firewall policies and procedures

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.

Technical and Business Skills - I

• Proficient in written and spoken English.
• Computer literacy, including working knowledge of business software programmes such as EC, SAP, and BPC.
• Strong analytical skills.

Technical Competencies

TEC-Analyze Collected Data & Take Action

TEC-Analyze Complex Data for Improvements

TEC-Budgeting, Cost Stewardship & Allocation

TEC-Build Knowledge of Non-Finance Functions

BEH-Communication / Information Sharing

TEC-Comply With Legal Obligations & Rules

TEC-Contribute To Strategic Decision Making

TEC-Develop Controls & Risk Mitigation Plans

TEC-Ensure Contracts Meet F & P Requirements

BEH-Ethics and Integrity

TEC-Identify Types & Sources of Risk

TEC-Identify,Report & Resolve Control Issues

BEH-Initiative / Commitment

BEH-Innovation

BEH-Interpersonal Skills

BEH-Job Knowledge

TEC-Knowledge of F & P beyond Own Area

TEC-Leverage Sys,Processes to meet Corp Obj.

TEC-Manage & Implement Policies & Procedures

TEC-Measure, assess,evaluate & mitigate Risk

BEH-Planning and Organising

TEC-Prepare Internal and External Reports

BEH-Problem Solving

BEH-Quality / Quantity of Work

TEC-Resolve Reporting Related Issues

BEH-Service Orientation

BEH-SHE Understanding

TEC-Strategic Planning

BEH-Supervising & Coaching Others

BEH-Teamwork / Supporting Others

BEH-Trust and Empowerment

TEC-Understand & Apply QatarEnergy LNG Control Framework

TEC-Understand & Prepare Statutory Accounts

TEC-Understand Business Context And Impact

TEC-Understand Business Process & Controls

TEC-Understand Business to Design reports

TEC-Understand Data Source, Use & Input

TEC-Understand Impact of Own Input

TEC-Understand QatarEnergy LNG Direction Statement & KPIs

TEC-Understand QLMS Principles & Governance

TEC-Understand the Oil & Gas Value Chain

TEC-Understand, Apply Professional Standards

TEC-Understand, Manage Documentation Systems

TEC-Understand, use QLMS tools & methodology

TEC-Understand,Implement Business Continuity

TEC-Use SAP, BPC & Other Systems

TEC-Utilize Corporate Computer Applications