Business Planning & Joint Venture Accountant

Petrogas North Sea Ltd (PNS) is a leading energy company and part of MB Holding, a globally diversified group with operations across oil and gas, mining, and engineering. At PNS, we are committed to operational excellence, innovation, and driving sustainable growth in the energy sector. We are seeking a highly skilled and motivated Business Planning & Joint Venture Accountant to join our team reporting to the Finance Manager. This role is pivotal in leading and coordinating business planning activities, ensuring alignment with corporate strategy to manage joint venture partnerships effectively. The position focuses on optimising asset value, fostering strong partner relationships, and ensuring compliance with regulatory and fiscal requirements. By delivering robust financial and operational plans, the role supports informed decision-making and maximises the profitability and sustainability of E&P activities.

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.

Qualifications

• Bachelor's degree in accounting and finance.
• Qualified Accountant – either by professional body or by experience.
• Minimum 5-7 years relevant experience in the Oil and Gas environment, including joint venture accounting.
• Experience in financial and tax modeling in the Energy industry is an advantage.
• Proficient in SAP, Microsoft Excel, and PowerPoint.

Skills

• Self-starter with the ability to work independently.
• Strong analytical thinking and problem-solving skills.
• Effective communication skills, both verbal and written.
• Ability to thrive in a fast-paced environment and manage competing priorities.

If you are a finance professional with expertise in business planning and JV accounting, with experience in financial planning, budgeting, and JV reporting, we want to hear from you. Submit your resume to apply.