Senior Well Accountant

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.

This is an exciting time to join us on this journey.

We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.

Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?

JOB TITLE: Senior Well Accountant

KEY RESPONSIBILITIES:

• Produce forecast financial data required for the creation of planning of AFEs and Well Cost Estimates for all Well Activity in co-ordination with all Well Engineering disciplines. To act as financial monitor and reviewer of all AFEs issued to clients including all supplements and revisions.
• Create and operate a detailed cost tracking model to calculate the value of work done during all well activities, working closely with Well Engineering Team, Logistics and Commercial depts. Ensure client has a full understanding and provision of appropriate documentation substantiating VOWD estimates and Estimated Final Costs. Providing an ongoing (daily) cost management role, detailing all charges to the well with particular emphasis on a projected overspend and effective audit presentation of costs.
• Contract compliance and review of all operational third party supplier invoices.
• Monitor of actual expenditure against call offs and contracts prompting timely revisions as required.
• Main point of contact for all client and vendor financial queries.
• Treasury function – payment authorisation and administration of all project bank accounts, cash flow forecasting and escrow agreements.
• Well reconciliation and cost analysis dependent on client requirements
• Latest Well Forecast v AFE / Estimated Final Cost Analysis / Ad hoc variance analysis
• Audit co-ordination of all client audit requirements.
• Liaison with other departments to ensure a thorough understanding of the business processes as they relate to wells accounting requirements. Develop strong working relationships with all members of the Well Engineering Team, representing financial matters in this area.
• Identify areas for improvement and concern
• Perform ad hoc duties as required.
• Line management responsibility for Well Accountants and assistant Well Accountants.

ESSENTIAL QUALIFICATIONS AND SKILLS:

• Qualified accountant or qualified by substantive experience in a Drilling / Well Accounting role
  
• Working knowledge of Microsoft Excel and enterprise resource and finance applications e.g. Oracle, SAP etc
  
• Excellent MS Excel application skills
  
• Cost analysis skills
  
• Attention to detail
  
• Problem solving and process innovation skills to support a growth mindset
  
• Excellent communication skills to engage with suppliers and clients and internal personnel at all levels and to explain, summarise and report complex accounting matters to non-accounting professionals to expedite solutions to project challenges.
  
• Conscientiousness
  
• Self-development ability
  
• Client focus
  
• Ability to develop strong and productive relationships with all stakeholders
  
• Awareness and understanding of contractual /financial obligations.
  
• Manage client requirements in line with operational activities.
  
• Ability to work under pressure and to deliver objectives and deliverables to deadlines
  
• Mentoring / line management skills
  
• Experience of delivering in a well accounting role
  
• Experience of working as part of a team and “stand alone” for areas of responsibility
  
• Experience of interfacing with an ERP application

Additional Information