Joint Venture/ Budget Accountant

Duties & Responsibilities:

• Coordinate the planning and preparation of IEL’s annual budget
• Prepare and get approval for the various AFEs
• Manages the issuance, monitoring, and compliance of AFE
• Monitor Cash Call preparation & authorization
• Oversee the preparation of the actual monthly and quarterly spend analysis compared to the budget
• Prepare monthly JV billing reports and the company’s performance dashboard
• Prepares the monthly, quarterly, and yearly operating expenses (OPEX) and capital expenditure Performance review files with JV Partners.
• Prepare Cost Performance Reports and JV Partners' Accounts for quarterly, half-yearly, and annual reconciliation.
• Monitor & Reconcile JV Partners Payables & Receivables.
• Provide Requisite Input/Ensure compliance with NUPRC Requirements & All Other JV Finance Related Regulatory deliverables.
• Coordinate and prepare revised budget when necessary
• Communicate the approved budgets with all departments effectively
• Monitor the annual budgets for all Departments in conjunction with the relevant Heads of Departments
• Ensure agreed strategic deliverables are tied into the yearly budget
• Ensure cost control is within the approved yearly budget/AFE.
• Support the preparation of a long-term financial plan in line with the business strategic map and initiatives
• Review budget estimates from all the departments of the organization and critically examine them for correctness, accuracy, and completeness before forwarding them to the Head of Finance for approval
• Support the Head of Finance in formulating and maintaining a Budgeting and planning framework and related policies and procedures that are responsive to strategies and objectives, and aligned with relevant regulatory requirements and leading practices
• Ensure that financial operations are within the agreed budget
• Lead the development and implementation of budgetary policy/framework, procedures, and related budgetary templates
• Work closely with the various Heads of Departments to ensure the effective and efficient implementation of the budgeting exercise and processes
• Oversee the consolidation of annual budgets and forecasts for all departments, including projects under development
• Prepare and spend the quarterly analysis and latest estimate forecast for the rolling operating plan
• Communicate the approved and agreed budgets with all concerned departments.
• Drive and oversee the development and monitoring of annual budgets for all Departments in conjunction with the relevant Heads of Departments
• Develop and enhance budgeting and forecasting techniques and maintain budgeting and forecasting standards.
• Lead the development of robust budget, forecasting, and planning tools and models to be utilized
• Lead in the implementation of new tools and techniques to improve budget and planning processes and systems to increase efficiency and productivity
• Provide management with periodic budget monitoring reports on progress towards targets, latest estimate, highlighting variations, and performing initial checks on reasons for under/over achievement.
• Coordinate the JV reporting

Qualities & Experience:

• Minimum of a first degree in Accounting, Finance, Economics, or a related field
• MBA or Master's in a related discipline will be an added advantage.
• Relevant professional certifications such as ICAN, CFA, ACCA, or related field
• Minimum of 8-10 years relevant experience in hydrocarbon accounting or oil & gas operations
• 3 of which must have been in a management position in oil and gas or a similar corporation interfacing with the senior management team
• Sound knowledge of financial analysis
• Evidence of industry/sector participation