Job Title: Financial Accountant (Oil and Gas)
Working Location: Doha, Qatar
Contract Type: Permanent
Job Purpose
Provide professional advice and guidance on division-specific financial, accounting, management accounting, tax, and related issues, with a strong understanding of underlying principles, concepts, and standards. Perform analyses and present financial data to internal and external stakeholders.
Key Job Accountabilities - I
- Perform the accounting of all revenues, ensuring correct invoice coding. Perform month-end reconciliation that reconciles volumes to production allocation reports. Perform quarterly price adjustment reconciliation, post adjustment invoices, coordinate the monthly account reconciliation process, and complete assigned 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 cash forecasting for relevant technical entities by coordinating and reviewing input from other areas of finance and review cash forecasts for reasonableness before submitting to treasury.
- Perform the monthly tax calculation. Coordinate and review inputs from Asset & Materials, Allocation, and Planning. Prepare for and calculate tax following changes in tax regimes. Address working-level queries raised by shareholder representatives.
- Contribute to the preparation of annual financial statements, particularly 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 resolution of queries from internal and external stakeholders. Produce statistical reporting and ad hoc reports as required. Complete quarterly reporting and forecasting requirements as required by the majority shareholder.
- Complete the monthly upload of production volume data and associated revenues into the planning system and ensure integrity of the inputs.
- Contribute to the preparation of the annual budget and long-term business plan.
- Coordinate the approval and implementation of master data requests, ensuring that various reporting hierarchies are consistently updated with new accounts or amended mappings.
- Maintain 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 adherence to the Table of Financial Authority (TOFA).
Qualifications
- Bachelor's degree in accounting, finance, economics, or commerce, or
- Bachelor's degree in any discipline and an internationally recognised professional accounting qualification (e.g. ACA, ACCA, CA, CFA, CIMA, CMA, CPA).
Requirements
- 5 years' experience in the oil and gas industry.
- Strong knowledge of accounting systems.
- Strong specialised financial knowledge in areas including consolidation, compilation, and analysis.
- Strong commercial knowledge related to the oil and gas industry.
Working Location: Doha, Qatar
Contract Type: Permanent
Job Purpose
Provide professional advice and guidance on division-specific financial, accounting, management accounting, tax, and related issues, with a strong understanding of underlying principles, concepts, and standards. Perform analyses and present financial data to internal and external stakeholders.
Key Job Accountabilities - I
- Perform the accounting of all revenues, ensuring correct invoice coding. Perform month-end reconciliation that reconciles volumes to production allocation reports. Perform quarterly price adjustment reconciliation, post adjustment invoices, coordinate the monthly account reconciliation process, and complete assigned 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 cash forecasting for relevant technical entities by coordinating and reviewing input from other areas of finance and review cash forecasts for reasonableness before submitting to treasury.
- Perform the monthly tax calculation. Coordinate and review inputs from Asset & Materials, Allocation, and Planning. Prepare for and calculate tax following changes in tax regimes. Address working-level queries raised by shareholder representatives.
- Contribute to the preparation of annual financial statements, particularly 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 resolution of queries from internal and external stakeholders. Produce statistical reporting and ad hoc reports as required. Complete quarterly reporting and forecasting requirements as required by the majority shareholder.
- Complete the monthly upload of production volume data and associated revenues into the planning system and ensure integrity of the inputs.
- Contribute to the preparation of the annual budget and long-term business plan.
- Coordinate the approval and implementation of master data requests, ensuring that various reporting hierarchies are consistently updated with new accounts or amended mappings.
- Maintain 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 adherence to the Table of Financial Authority (TOFA).
Qualifications
- Bachelor's degree in accounting, finance, economics, or commerce, or
- Bachelor's degree in any discipline and an internationally recognised professional accounting qualification (e.g. ACA, ACCA, CA, CFA, CIMA, CMA, CPA).
Requirements
- 5 years' experience in the oil and gas industry.
- Strong knowledge of accounting systems.
- Strong specialised financial knowledge in areas including consolidation, compilation, and analysis.
- Strong commercial knowledge related to the oil and gas industry.