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- Tasks: Support business planning and joint venture accounting for a leading E&P company.
- Company: Join a major independent oil and gas company in Aberdeen.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Why this job: Make an impact in the energy sector while developing your financial expertise.
- Qualifications: Bachelor's degree in accounting or finance; 5-7 years of relevant experience.
- Other info: Fast-paced environment with opportunities to thrive and grow.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a major independent E&P company, is currently hiring a Business Planning & Joint Venture Accountant (Staff) to join the team in Aberdeen.
Purpose of Position: Support business planning activities and provide accurate joint venture accounting, ensuring compliance with company policies, joint operating agreements, and UK regulations. The role focuses on delivering reliable financial information, supporting the Finance Manager in planning processes, and maintaining strong relationships with JV partners.
Principal Accountabilities:
- Support the annual UK business plan process by preparing documentation and analysis for review and approval by the Finance Manager and department heads.
- Perform joint venture accounting activities, including the monthly JV billing process, AFE (Authority for Expenditure) approvals & supplements, partner forecasts, and Finance Committee materials.
- Prepare monthly internal P&L and balance sheet reviews for submission to the Finance Manager.
- Ensure timely and accurate accounting and maintenance of the books of accounts in line with accounting standards and company policies.
- Prepare partner reporting, including quarterly reporting of actuals vs forecast & budget, quarterly reforecasting, and the annual JV partner budget, in consultation with relevant departments.
- Coordinate annual JV (partner) audits by providing information, analysis, and support to ensure findings are minimised and compliance is maintained.
- Assist in financial modelling, forecasting, and economic analysis for business development opportunities as directed by the Finance Manager.
- Ensure all activities comply with company HSEQ policies, procedures, and practices.
Principal Challenges:
- Navigating Regulatory and Fiscal Regimes: The UK oil and gas sector operates within a highly regulated framework. Changes to taxation, licensing, or environmental rules can directly impact JV economics and planning. This role supports the Finance Manager in monitoring developments and ensuring financial data reflects regulatory changes.
- Aligning JV Partners with Strategic Objectives: Multiple JV partners may have different priorities or risk appetites. This role contributes accurate reporting and timely information to help maintain alignment and efficient decision-making.
- Managing Market Volatility and Decarbonisation Pressures: Fluctuations in commodity prices and the transition to lower‑carbon energy affect planning and forecasts. This role provides accurate financial data to enable scenario planning and support sustainable JV decisions.
Job Knowledge:
- Bachelor's degree in accounting or finance.
- Qualified Accountant (professional body or equivalent experience).
- Minimum 5–7 years relevant experience in Oil and Gas, including joint venture accounting, with knowledge of UK legislation and experience working with a UK operator.
- Experience of financial and tax modelling in the Energy industry is an advantage.
Managerial Scope:
- Self‑starter – able to work independently and take initiative.
- Analytical thinking – applies logic to solve problems and deliver accurate outputs.
- Communication – able to prepare clear reports and communicate financial data effectively.
- IT – proficient in SAP, Microsoft Excel, and PowerPoint.
Human Relation Skills:
- Ability to work in a fast‑paced environment and thrive in a period of growth & complexity.
- Ability to manage competing priorities whilst meeting deadlines.
Business Planning & Joint Venture Accountant (Staff) employer: NES Fircroft
Contact Detail:
NES Fircroft Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Planning & Joint Venture Accountant (Staff)
✨Tip Number 1
Network like a pro! Reach out to your connections in the oil and gas sector, especially those who have experience with joint ventures. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of UK regulations and joint venture accounting. We recommend practising common interview questions and scenarios related to financial modelling and compliance to show you’re the right fit.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.
✨Tip Number 4
Apply through our website for the best chance at landing that Business Planning & Joint Venture Accountant role. We make it easy for you to showcase your skills and experience directly to the hiring team!
We think you need these skills to ace Business Planning & Joint Venture Accountant (Staff)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Business Planning & Joint Venture Accountant role. Highlight your relevant experience in joint venture accounting and any specific skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the oil and gas sector and how your background aligns with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role requires strong analytical thinking, make sure to include examples of how you've used these skills in past positions. Whether it's financial modelling or problem-solving, we want to see your thought process in action!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about what we do at StudySmarter!
How to prepare for a job interview at NES Fircroft
✨Know Your Numbers
Make sure you brush up on your financial knowledge, especially around joint venture accounting and UK regulations. Be prepared to discuss specific examples from your past experience that demonstrate your ability to handle financial modelling and reporting.
✨Understand the Company and Its Challenges
Research the company’s position in the oil and gas sector, particularly regarding regulatory changes and market volatility. This will help you articulate how your skills can support their business planning and align with their strategic objectives.
✨Prepare for Scenario Questions
Expect questions that assess your analytical thinking and problem-solving abilities. Think of scenarios where you had to navigate complex financial situations or manage competing priorities, and be ready to explain your thought process and outcomes.
✨Showcase Your Communication Skills
Since the role involves preparing reports and communicating financial data, practice explaining complex financial concepts in simple terms. You might be asked to present a financial analysis during the interview, so be ready to demonstrate your clarity and confidence.