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BUDGET ANALYST AT CHILEWA INVESTMENTS LIMITED
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”