Project Accountant at WTS Energy

JOB SUMMARY:

The Project/Operations Accountant will be responsible for Project accounting and reporting for assigned facilities and wells for Company`s operated assets.

This role shall develop a cost tracking model that provides Corporate Finance, Management and JV partners’ reasonable estimate of project costs at any point in time.

In carrying out the duties, the post holder will ensure that statutory, regulatory, governance, IFRS reporting requirements and best industry project accounting practices are compiled with.

KEY ACCOUNTABILITIES:

• Provide day to day support to the project team in the implementation of assigned projects.
• Good understanding of contract terms related to assigned projects/operations, including internal cost allocation model.
• Develop robust daily cost tracking template that is transparent and easy to understand by non-finance persons.
• Responsible for preparing annual project budget (internal, and JV) in prescribed format with supporting schedules.
• Responsible for preparing, presenting, and reviewing monthly, quarterly and annual costs to the JV partner and for securing JV performance approval.
• Responsible for providing required cost/financial information to the Project Manager/Team and management of the company and meeting all set deadlines; ensuring that all output from the company are of the highest standard.
• Responsible for reviewing all project related vendor/supplier invoices to ensure that payments are made for work done and per contracts.
• Ensure proper coordination of financial transactions related to assigned projects at multiple locations to ensure that accrued expenses at month Lad reflect actual benefits received.
• Carry out timely reconciliation of project costs upon completion; and fully reconcile assigned Balance Sheet Accounts.
• Design and implement effective system of controls to safeguard purchased goods/spares that are stored at multiple locations.
• Responsible for providing guidance to the project team on finance and accounting matters and ensuring these are complied with in Company`s business.

QUALIFICATION & EXPERIENCE:

• The candidate is expected to possess minimum of First degree and recognised professional accounting qualifications with relevant post qualification oil and gas experience; he/she must demonstrate in-depth knowledge and experience of project accounting.

DESIRED ATTRIBUTE:

• The ideal candidate must be self-motivated, analytical, organised, a good communicator and team player, and be able to work with multiple issues. Sound knowledge of industry standard accounting systems and Microsoft Office is essential.