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BUDGET ANALYST AT CHILEWA INVESTMENTS LIMITED
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Chilewa Investments Limited acts as intermediaries to recruit, build capacities, train and manage competent contract staffs, lease equipment and provide transportation services, and also mediate for Oil & Gas companies.
Chilewa Investments Limited, a manpower and Oil & Gas logistics support services provider, is currently recruiting for a BUDGET ANALYST to an Exploration and Production (E&P) Company in Port Harcourt.
The E&P company is a company operating in the upstream sector of the Nigerian hydrocarbon industry for more than 50 years and also accounting for over 3 billion barrels of oil equivalent to Nigeria’s production to date.
SERVICE DIMENSIONS
- Joint Ventures (JV), OML PSA & OML PSC; Partners with different contractual status
- Follow-up with Operators of Technical Partnership Assets
- Financing Agreement with OML PSC Partner
SERVICE CONTENT (ACTIVITIES)
- Assist in the preparation and issuance of monthly Cash Call statements to Partners in line with the JOA, preparation of monthly cash flow forecast and other ad-hoc request from the Partners
- Assist in the preparation of monthly Billing statements and Working Capital issued to Partners
- Assist in the preparation of monthly Production Allocation Statements and Proceed Imbalance issued to Partners and NNPC respectively
- Assist in the preparation of monthly Production forecast Report and SEC production figures to Corporate Budget and Strategic Planning
- Assist in the computation of SEC Production for monthly reporting, Budget and PDC sessions andPlanned Production Shutdown report
- Assist in the review and update of all WBS master data to ensure correct reporting parameters are used e.g. CAPEX/OPEX, JIB/JIBE codes, NNPC codes
- Assist in the preparation of Monthly Management Report & SOX Controls
- Provide status report on all SOX controls managed by the Department
- Provide Cost and Production performance reports to Corporate Budget in line with published timelines
- Provide support to Venture Management department and prepare prompt responses to queries received from Partners and Authorities
- Provide support to Cost Controllers during budget and performance reviews with NAPIMS – SUBCOM and TECOM
- Follow up alignment of routine reporting format in line with Corporate Budget’s format and effect changes when/where necessary
CONTEXT AND ENVIRONMENT
- Requires good knowledge and application of clauses contained in the various Joint Operating Agreements(JOA), Production sharing contracts(PSC), Carry Agreements, Memorandum of Understanding (MOU) with NNPC, Farm-in and Farm out Agreements
- Requires strict compliance with dynamic accounting rules contained in Nigerian Accounting Standards (SAS), International Accounting Standards (IFRS/IAS), Petroleum Profit Tax acts, Sarbanes Oxley Act
- Maintain contacts with the following teams: Cost Control, Third Party Accounting, Corporate Accounting, Joint Venture Management, Audit, Technical Logistics and Tax
ACCOUNTABILITIES
- Ensure the integrity of Production Allocation, Billing and Cash Call Statements issued to Partners
- Ensure timely submission of all reports due to Partners in line with the JOA
- Provide support during analytical reports to aid top management planning
- Ensure internal compliance of all SOX documentations and update of SOXCM+ folder
QUALIFICATIONS / EXPERIENCE REQUIRED
Qualification:
- BSc in Accounting, Economics, or other related discipline
- MSc and/or professional qualification (ACA/ACCA/CITN) an advantage
Experience:
- 3 – 5 years’ experience in accounting / finance environment, preferably upstream oil and gas industry
Essential Skills:
- Advanced Excel, PowerPoint and other Microsoft office skills & SAP knowledge an advantage
- Good organisational ability, interpersonal and analytical skills
How to Apply
Interested applicants should therefore send their curriculum vitae (CV) to chilewa_groupe@yahoo.co.uk
Note: CV file name should be in the following format: “Position Applied for – Your Name”
Example: ”BUDGET ANALYST” – John Doe”