Joint Venture Cost Recovery Analyst (125860)
Statoil is an international energy company with operations in 36 countries. Building on 40 years of experience from oil and gas production on the Norwegian continental shelf, we are committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. We are headquartered in Norway with 21,000 employees worldwide, and are listed on the New York and Oslo stock exchanges. In just a few years Statoil has positioned itself as one of the largest lease holders in deepwater Gulf of Mexico (GoM). Our GoM portfolio is managed out of our Houston office. The Statoil Houston office, which was established in 2002, also manages our Alaska, Marcellus, Eagle Ford and Bakken shale gas portfolios. To date Statoil has invested more than USD $11 billion in US upstream activities, and currently produces more than 150,000 barrels of oil equivalent a day. We have US offices located in Anchorage, Austin, Houston, Stamford and Washington D.C. USA, and are looking for talented people to contribute to our growing activity base.
Qualifications- Bachelor’s degree in Accounting preferred
- 2+ years experience in Joint Venture accounting for upstream Oil and Gas exploration, development and production activities
- 2+ years SAP experience, including Joint Venture module
- Experienced working within COPAS guidelines, required
- Sound US GAAP or IFRS knowledge
- Proficient Microsoft Excel user
- Joint Venture onshore and offshore operated experience preferred
- Council of Petroleum Accountants Societies (COPAS/PASH) active member preferred
- Experience working with JIBLink preferred
- Minimum travel required
- Local terms and conditions apply
- Must be legally authorized to work in the United States
- Ability to effectively communicate with all stakeholders
- Strong analytical, multi-tasking and organization skills
- Strong relationship building skills; customer focused; team player
- Ability to drive changes and influence across organizational boundaries
- Hands-on, well organized, results oriented professional
- Able to combine creativity, innovation and flexibility with an uncompromising professional standard
- Skilled in developing, utilising and extending network of internal and external contacts
- Understanding for both Operated and Non-Operated Joint Ventures
- Analyze items which have been booked as non-billable items and ensure accuracy
- Perform journal entries to reclass charges from non-billable to billable
- Firm understanding of COPAS, accounting procedures and model form interpretations
- Understanding of SAP modules MM, JVA and FI/CO
- Utilize finding to improve internal process
- Review and Sign-off documentation of the SOX control requirements
- Provide analysis and supporting documentation to auditors
- Maintain communication with key internal and external resources to ensure tasks are completed in a timely fashion and the monthly close is progressing as scheduled
- Ensure necessary knowledge of all joint operating agreements
- Further development, automation and business support for the JV financial model in SAP
- Ensure compliance with all governing documents including accounting standards, joint interest agreements and COPAS
- Ensure data integrity within the SAP JV module including working interest changes Support the business by providing requested services in a timely manner
- Build upon existing relationships with joint venture operators and partners
- Liaise with business units and internal departments to ensure appropriate accounting treatment and accurate joint interest billings
- Participate in cost recovery initiative project to ensure all appropriate expenditures are charged to the joint property
- Develop, maintain and document accounting processes, procedures and improvement initiatives for cost recovery activities
- Special projects and other tasks deemed necessary upon the development of the role and new/changing business activities
- Statoil offers a competitive salary and a comprehensive benefit package. Statoil is an equal opportunity employer.