At a Glance
- Tasks: Lead financial planning and joint venture accounting for a leading energy company.
- Company: Join Petrogas North Sea, a dynamic player in the energy sector.
- Benefits: Collaborative culture, career growth, and exposure to senior leadership.
- Other info: Empowerment, teamwork, and innovation are at our core.
- Why this job: Make impactful decisions and shape the future of UK North Sea operations.
- Qualifications: Qualified accountant with 8-10 years in upstream oil and gas.
The predicted salary is between 56700 - 69300 £ per year.
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 an experienced and commercially focused Senior Business Planning & Joint Venture Accountant to join our Aberdeen-based team, reporting to the Finance Manager.
This is a key role within our Finance function, responsible for leading and coordinating UK business planning, forecasting and joint venture accounting activities.
The successful candidate will provide financial insight, commercial analysis and constructive challenge to support strategic decision-making, asset performance and long-term value creation.
The position offers significant autonomy and exposure to senior leadership, alongside the opportunity to develop strong relationships with joint venture partners and contribute to the continued growth and development of our UK North Sea operations.
- Principal Accountabilities
- Lead the annual UK business planning, budgeting and periodic reforecasting processes, coordinating inputs across functions and delivering consolidated financial plans and recommendations.
- Act as the primary finance focal point for joint venture partners, managing day-to-day financial governance, partner engagement and Finance Committee activities.
- Lead joint venture accounting activities, including monthly JV billings, cash calls, AFE approvals and supplements, partner forecasts and annual budget submissions.
- Prepare and review monthly management accounts, P&L and balance sheet analyses, ensuring accurate financial reporting and compliance with accounting standards, company policies and joint operating agreements.
- Lead partner financial reporting, including quarterly actual versus budget analysis, reforecasting and annual budget preparation.
- Coordinate and lead annual JV partner audits, managing stakeholder relationships and ensuring timely resolution of findings.
- Develop and maintain financial models, economic evaluations and scenario analyses to support investment decisions, business development opportunities and asset value optimisation.
- Work closely with Operations, Subsurface, Commercial and Development teams, providing financial insight, commercial challenge and decision support.
- Act as deputy to the Finance Manager when required, providing functional leadership and technical guidance to finance support resources and project teams.
- Ensure activities are undertaken in accordance with company policies, internal controls and applicable HSEQ requirements.
- Principal Challenges
- Influencing Multi-Partner Business Decisions -
Balancing the differing commercial priorities, objectives and risk appetites of joint venture partners while supporting effective financial governance, stakeholder alignment and timely decision-making.
Financial Stewardship and JV Governance -
Supporting the financial planning, reporting and governance of significant UK asset expenditure and joint venture commitments, ensuring robust financial controls, accurate reporting and compliance with contractual obligations.
Navigating Regulatory, Fiscal and Market Uncertainty -
Operating within the evolving UK regulatory and fiscal environment, assessing the financial implications of market conditions, policy developments and investment opportunities to support informed business decisions.
Qualifications & Experience
- Bachelor's degree in Accounting, Finance or a related discipline.
- Professionally qualified accountant (ACA, ACCA, CIMA or equivalent).
- Typically 8–10 years' relevant experience within the upstream oil and gas industry, including significant joint venture accounting and business planning experience.
- Strong understanding of UKCS fiscal regimes, joint operating agreements, partner reporting requirements and regulatory obligations.
- Experience in financial modelling, economic analysis, investment appraisal and business case development.
- Demonstrable experience presenting financial information and recommendations to senior management and external stakeholders.
- Advanced proficiency in SAP, Microsoft Excel, Power Point and financial modelling tools.
Skills & Competencies
- Strong commercial awareness, analytical thinking and problem-solving capabilities.
- Ability to operate with a high degree of autonomy, accountability and professional judgement.
- Excellent communication, influencing and stakeholder management skills.
- Ability to translate complex financial information into clear, commercially focused recommendations.
- Confidence in constructively challenging assumptions and influencing business decisions.
- Strong organisational skills with the ability to manage competing priorities and deadlines.
- Collaborative approach, with the ability to build effective relationships across multidisciplinary teams and external partners.
- Ability to provide technical guidance, mentoring and functional leadership where required.
Why Join Petrogas North Sea?
At PNS, we believe our people are central to our success.
We are proud to foster a collaborative and transparent working environment where open communication, mutual respect and sharing ideas are encouraged at every level.
As our UK business continues to develop, we offer the opportunity to be part of a close-knit, multidisciplinary team where individual contributions are valued, people are empowered to take ownership of their work, and ideas and constructive challenge are welcomed.
This position offers the opportunity to work closely with senior leadership, contribute to important commercial and financial decisions, and play a meaningful role in shaping the future of our UK North Sea operations.
We value people who bring not only technical expertise, but also curiosity, initiative and a genuine commitment to working together to achieve shared objectives.
Senior Business Planning & JV Accountant employer: Petrogas E&P
At Petrogas North Sea Ltd, we pride ourselves on being an excellent employer, offering a dynamic work environment that fosters collaboration and innovation within the energy sector. Our commitment to employee growth is evident through continuous development opportunities and a culture that values safety, efficiency, and ethical practices. Join us in our UK operations and be part of a team that drives meaningful impact while enjoying a supportive workplace that prioritises your professional journey.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Business Planning & JV Accountant
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We think you need these skills to ace Senior Business Planning & JV Accountant
Some tips for your application 🫡
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How to prepare for a job interview at Petrogas E&P
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Petrogas E&P.
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✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former Petrogas E&P employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.