Commercial Accountant - Oil and Gas
Location: Aberdeen, UK
We are seeking a skilled Commercial Accountant to join a leading organisation in the oil and gas sector. This role is ideal for someone who thrives in a fast-paced, project-driven environment and enjoys working closely with technical teams to ensure commercial success.
Key Responsibilities:
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Provide support and guidance to project teams on contract and commercial matters, ensuring analysis and reporting requirements are met within deadlines.
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Understand commercial terms and administration requirements for allocated contracts to help manage and mitigate risks.
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Act as the commercial point of contact with clients and attend meetings as required.
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Prepare client monthly reports, including value of works, spend forecasts, commitments, budgets, business plans, and incentive schemes.
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Monitor the financial performance of each contract by preparing monthly management accounts, forecasts, and budgets.
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Ensure internal cost reporting meets corporate accounting and commercial requirements, tracking recovery against costs and resolving issues promptly.
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Support project teams with ongoing commercial analysis regarding expenditures, commitments, forecasts, and contract performance.
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Monitor KPI performance and highlight areas for improvement to optimise financial return.
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Review and approve third-party invoices against subcontract agreements where required.
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Complete labour and third-party reconciliations monthly or quarterly.
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Identify and support the drafting of contract amendments when required.
Essential Qualifications and Skills:
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Degree in Quantity Surveying, Finance, or Accountancy (preferred).
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Proficient in Microsoft Word and Excel.
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ERP system experience.
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Knowledge of contract law and management.
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Strong budgeting, re-forecasting, cost-reporting, and monthly accounts experience.
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Skilled in interpreting contractual documentation.
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Experience in preparing cost/commercial reports and analysing variances and trends.
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Strong analytical and problem-solving skills.
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Ability to work effectively under pressure and to tight deadlines.
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Oil and gas industry experience.