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- Tasks: Manage financials for exciting oil and gas projects while collaborating with diverse teams.
- Company: INEOS Energy is a leader in energy production and trading, focusing on sustainability and innovation.
- Benefits: Enjoy a dynamic work environment with opportunities for growth and development in the energy sector.
- Why this job: Join a forward-thinking company making an impact in the energy transition and carbon management.
- Qualifications: Degree in Finance or Accounting; experience in oil & gas and SAP preferred.
- Other info: This role is based on-site at our Chelsea Office, five days a week.
The predicted salary is between 43200 - 72000 £ per year.
At INEOS Energy we produce and trade oil, gas, power, liquefied natural gas (LNG) and carbon credits. This is supported by our investments in low carbon technologies, which will help sustain our business through the energy transition. Direct examples of these areas are ‘Project Greensand’, our pioneering carbon storage project in the Danish North Sea and our investment in HydrogenOne Capital.
The Joint Venture (JV) Accountant is responsible for the JV portfolio for operated and non-operated E&P projects within the UK business. The role reports directly into the Financial Reporting Manager.
RESPONSIBILITIES AND ACCOUNTABILITIES- Perform monthly accounting adjustments for complex commercial agreements, for example SKIFF, Condensate Gas ratio.
- Handle all revenue calculations, journal postings, invoicing and reporting, ensuring collaboration with the Commercial, Operations and Oil Trading teams.
- Calculate the borrowing & lending position across the assets in line with group revenue recognition policies.
- Responsible for month end close activity for operated and non-operated assets (opex, tariffs, capex and decom postings) as well as calculation of accruals and prepayments of overheads such as insurance.
- Ensure accounting compliance of Carbon credits in line with group and IFRS Emissions trading schemes.
- Responsible for preparing and issuing Operated Joint Venture billings for operated assets and acting as the finance point of contact for partner queries.
- Monitor customer receipts and follow-ups as a reminder of the due payment dates to customers / JV partners.
- Finance lead for Greater Laggan Area and Mature Assets; supporting the asset manager in audit process and communications.
- Process and monitor Non-Operated JV expenditure against budget / forecast and AFE.
- Produce high quality monthly KPI information – including Cash capital expenditure, decommissioning and revenue analysis.
- Produce monthly financial reports for Upstream businesses, comparing actual spend against budget and forecast, challenging the results to ensure that accruals and prepayments are correctly captured.
- Reporting and calculating the decommissioning provisions by asset / project.
- Reviewing weekly supplier payment runs.
- Reconcile relevant Balance Sheet accounts on a quarterly basis.
- Perform and coordinate the month-end SAP activities (Including FX rates updates, Batch Input checks, Cutback).
- Assist with the six-month PRT returns.
- Complete and submit yearly Data Holder Notice to HMRC.
- Assist with Audit team for Group and Statutory Audit and lead the Joint Venture audits.
- Undertake ad-hoc projects.
- Degree in Finance, Accounting or equivalent.
- Oil & Gas industry experience is particularly beneficial.
- Experience with SAP.
- Advanced Microsoft Excel skills.
- Highly numerate with a high degree of accuracy and attention to detail.
- Analytical.
- Excellent communication skills (written and verbal).
- Keen problem solver.
- Team player.
This role is based on-site at our Chelsea Office, five days per week.
Join Venture Accountant employer: INEOS Belgium
Contact Detail:
INEOS Belgium Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Join Venture Accountant
✨Tip Number 1
Familiarise yourself with the oil and gas industry, particularly in relation to joint ventures. Understanding the specific challenges and regulations in this sector will help you stand out during interviews.
✨Tip Number 2
Brush up on your SAP skills, as this is a key requirement for the role. Consider taking an online course or tutorial to enhance your proficiency, which can give you an edge over other candidates.
✨Tip Number 3
Network with professionals in the oil and gas sector, especially those who work in finance or accounting roles. Attend industry events or join relevant online forums to make connections that could lead to referrals.
✨Tip Number 4
Prepare for potential interview questions by practising your responses to common scenarios faced by joint venture accountants. This will help you articulate your problem-solving skills and analytical abilities effectively.
We think you need these skills to ace Join Venture Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance and accounting, particularly within the oil and gas sector. Emphasise any specific projects or roles that align with the responsibilities of a Joint Venture Accountant.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of INEOS Energy's operations and how your skills can contribute to their goals. Mention your familiarity with SAP and advanced Excel skills, as these are crucial for the role.
Highlight Relevant Skills: In your application, clearly outline your analytical abilities, attention to detail, and problem-solving skills. Provide examples of how you've successfully managed financial reporting or accounting compliance in previous roles.
Proofread Your Application: Before submitting, thoroughly proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is essential for the Joint Venture Accountant position.
How to prepare for a job interview at INEOS Belgium
✨Know Your Numbers
As a Joint Venture Accountant, you'll be dealing with complex financial data. Brush up on your accounting principles and be prepared to discuss specific examples of how you've handled financial reporting, revenue calculations, and month-end close activities in previous roles.
✨Familiarise Yourself with SAP
Since the role involves coordinating month-end SAP activities, it's crucial to demonstrate your proficiency with this software. If you have experience using SAP, be ready to share how you've utilised it in past positions, especially in relation to financial reporting and reconciliations.
✨Highlight Your Industry Knowledge
Having a background in the oil and gas industry is beneficial for this position. Be prepared to discuss any relevant experience you have, particularly with joint ventures, carbon credits, or emissions trading schemes, as this will show your understanding of the sector.
✨Showcase Your Communication Skills
This role requires excellent communication skills, both written and verbal. Think of examples where you've effectively communicated complex financial information to non-financial stakeholders or collaborated with cross-functional teams, as this will highlight your ability to work well with others.
