ACCOUNTANT VACANCY, BRUNEL SENIOR REVENUE, MONDAY 15, AUGUST 2011

  SENIOR REVENUE ACCOUNTANT
RESPONSIBLE CARE:
a.Know and understand the Responsible Care Ethics.
b. Will follow the Responsible Care standards as applicable to his/her role within the Organization.
c. If required to drive shall know and understand COMPANY “Safe Driving Practice”.
d. Is required to report any unsafe acts and conditions (vehicle, driving, or workplace).
e. Ensures that subordinate staff (employees and contractors):

• Are knowledgeable in COMPANY “Safe Driving Practice”;
• Have driving as part of the performance management discussions (including Drive Right data). f. Ensures compliance with COMPANY policies, procedures and practices.
g. Addresses non-compliance when observed and reports serious or repeated non-compliance.
JOB DESCRIPTION
1. BASIC FUNCTION:
This position is responsible for the accounting and reporting for revenue. This position must ensure the timely completion of the month end accounting requirements. The continuing provision of high quality training and advancement for Nigerian employees is a priority of the Finance department.
This position also ensures compliance with the system of internal controls, the Sarbanes-Oxley Act (SOX), the production sharing agreement and sound business practices in the area of revenue accounting and takes responsibility for the correctness of the results of all revenue accounting related tasks and responsibilities.
This position also works closely with the Treasury/Disbursements, TOTAL (Operator), and Marketing departments.
2. WORK PERFORMED:
a. Responsible for the completion of month end, quarter end and year end revenue accounting journal entries in timely basis. The revenue JE’s includes , but not limited to , the following:
• Deferred revenue
• Amortization of carried interest
• Statistical Key Figures for gross and net
• Quarterly PSA overhead entry.
• Quarterly carried interest inventory re-class entry
b. Aid the Finance Manager in preparation and uploading of revenue budget and various versions of outlook for gross and net books in accordance with the planning department and Calgary Team.
c. Evaluate the crude oil inventory at the end of the month by extracting information on cost and price, and book the entry to record its value.
d. Evaluate the dead stock oil at the end of the quarter by extracting information on cost and price, and book the entry to record its value.
e. Prepares monthly Production and Sharing Entitlements report and calculation of barrel adjustment. This report shows the oil entitlements for each party, as well as how much cost oil COMPANY has taken.
f. Assist and Provide support for Cost Recovery, Partners’ and Price audits as well as preparing the appropriate responses to the audit queries. As a result of the audit findings, If there is any adjustment related to revenue need to be reflected in SAP or any revenue reports to be amended he/she should arrange for that with the Finance Manager and VP Finance.
g. For NOE and barrel adjustments preparation purposes, he/she contacts the following:
• TOTAL’s Planning department for last updated forecasts of CAPEX , OPEX and G&A costs and percentages of allocation of G&A to be reclassed to CAPEX and OPEX
• TOTAL Production department and Calgary a for last updated forecasts of production and lifting quantities.
• COMPANY Marketing for actual and last updated forecasts of prices and differential rates
• Analyzes the costs charges every quarter and prepares the quarterly SOE and then distributes it to NNPC and Partners. This includes review of all Capital, Operating and G&A expenditures, accruals and other adjustments. The SOA forms the basis for determining the cost oil COMPANY is eligible to recover during a given quarter.
h. Prepare the required entries to record the over recovery position.
i. Consolidates data for the annual preparation of the Special Purpose Financial Statements.
j. Analyze the actual carried Interest, and summarize the variance between actual and budget, explain the reasons for the variances.
k. Run the income statement from SAP, and explain the variances between actual and outlook.
l. Prepare the gross result review report.
m. Prepare the net result review report.
n. Test the reasonability of COWI revenue balances vs. gross balances by preparation of the monthly checklist and comment on any variances or irregular results.
o. Ensure the account receivable balance match the invoice received from COMPANY Marketing.
p. Compare the deferred revenue balances in SAP to the deferred revenue calculation summary.
q. Summarize the monthly sales movement to ensure the accuracy of the SAP balances and match with the intercompany balances at COMPANY Marketing.
r. Analyzes the costs charges, prices and production figures for the coming periods to issue the estimated amounts of stranded costs after the PSA end.
s. Reconcile the over recovery position to the over / under lift summary to ensure there is sufficient balance to cover the liability of over recovery position.
t. Prepare the Cost recovery control check list to ensure the accuracy of the cost recovery report before issuing it to NNPC.
u. Reconcile the statement of expenditure (SOE) to the SAP balance, summarize and explain variances, also ensure that all eligible expenses have been reported to Management.
v. Test the reasonability of the carried interest rate to avoid over amortization of the carried interest balance.
w. Predict the over / under lift position by the end of the quarter on month in advance and send the information to corporate.
x. Ensure that the partner’s entitlements at the over / under lift report are matching the entitlements of the imbalance report.
y. Compare the partner’s entitlements from the imbalance report by their entitlement at the terminal report and issue any needed adjustments.
z. Carries out other similar or related duties as directed by Finance Manager and VP Finance
3. WORK CONTACTS:
a. Maintain close working relationships with in-country and corporate departments (Revenue, Audit, Operations, Controller’s, Treasury, Tax, Audit and International).
b. Representatives from the Operator TOTAL and other CoVs.
c. Representatives from suppliers, third parties, banks and accounting firms.
d. Local management and colleagues from other work groups.
4. INDEPENDENCE OF OPERATION:
a. Work according to established accounting procedures and professional accounting standards to meet all required deadlines.
b. Completed work is subject to subsequent review.
c. Ability to independently understand, comply with and form logical opinions of existing procedures in accordance with established accounting policies and professional accounting standards.
d. Actively seeks new challenges and feedback on completed work.
5. SUPERVISORY RESPONSIBILITY:
a. None.
6. PHYSICAL EFFORT:
a. Normal work day with the ability to work overtime to facilitate reporting requirements.
JOB REQUIREMENTS
MINIMUM REQUIREMENTS:
a. Bachelor’s Degree in Commerce or equivalent.
b. 5-6 years’ progressive Accounting/Finance experience.
c. Proficient verbal and written English communication skills.
d. Strong working knowledge of SAP, Microsoft Office and Lotus Notes.
e. Working knowledge of Generally Accepted Accounting Principles (GAAP) and International Oil & Gas industry knowledge.
f. Basic internal controls and Sarbanes Oxley compliance understanding.
g. Basic knowledge of international fiscal systems including petroleum sharing contracts and petroleum policies and procedures.
h. Pursuing Professional Accounting designation.
CLICK LINK TO APPLY
http://www.brunelenergy.net/job-details/?iVacancyID=38273