Asharami Energy Limited recruitment for Lead, Joint Venture Cost Accounting

Asharami Energy Limited - a Sahara Group Company - is an oil exploration and production company with a strategy to deliver long term and sustainable growth. We are recruiting to fill the position below:     Job Title: Lead, Joint Venture Cost Accounting Location: Ikoyi, Lagos Purpose Statement

• The role is responsible for all accounting and financial (incl. economics) related matters of both operated and non-operated joint ventures (JV) in accordance to (but not be limited to) Production Sharing Contracts/Agreements, Production Services Agreements, Accounting Procedure of Production Sharing Contracts/ Agreements and Joint Operating Agreement (JOA) with the partners, and to also be accountable for monitoring the progress of projects, investigating variances, approving expenses and CAPEX & OPEX budget management.

• Prepare and send to the joint venture partners the joint interest billings which include information of inception to date, year to date expenditure on a timely basis.
• Coding of all operated/non-operated Joint Interest Billing Invoices.
• Set up and Maintain Joint Venture Accounting Master Files and AFE Master Files.
• Perform monthly Joint Venture Accounting close processes.
• Prepare and issue for each of the JVs a Work Program & Budget (WP&B) and corporate plan and budget.
• Prepare and monitor including close out of Authorization for Expenditure (AFE) for all capital items.
• Issue the budget compared to actual costs on a monthly basis to the JV partners.
• Prepare the presentation the financial part of JV and attend meetings with host government and JV partners meetings (as required).
• Co-ordinate the assurance / cost verification process for all JV Assets
• Prepare and send to the JV partners the cash calls, cash forecasting and reconciliation of over/under cash call position for each working interest JV partner.
• Monitor the cash spend in each of the JVs and ensure cash from operations are optimised by working closely with Treasury.
• Maintain and monitor Joint Venture (JV) module in ERP systems including assets registers are properly maintain from inception to date.
• Prepare and monitor including close out of Authorization for Expenditure (AFE) for all capital items.

• Previous industry knowledge in;
  • providing support on a producing asset
  • providing support on the development of a field from FEED to construction, and
  • Project accounting with detailed knowledge of project contracts and change order documents.
• Good working knowledge of computer system and accounting software, MS Office programs especially Excel. Knowledge of Oracle Accounting Systems a plus.

• 5-7 years of cognate experience with an upstream Oil and Gas Company or reputable audit firm.
• A chartered accountant (ACA/ACCA/CPA/CIMA) with Accounting, Audit & Financial Reporting (Major in Finance/Accounting) background.

• Excellent interpersonal and business communication skills
• Strict professional with a dedication to precision
• Detailed and highly numerate
• Passion for excellence

• Board of Directors
• Senior Management
• Joint Venture partners including;  NPDC, Eroton, Petroci, AOG; NAPIMS;
• Auditors (Internal & External); Tax Authorities, etc.
• Project Heads
• Investors