Budget Analyst
- Job Type Full Time
- Qualification BA/BSc/HND
- Experience
- Location Not specified
- Job Field Finance / Accounting / Audit 
Description
- 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 and Planned 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.
Qualifications
BSc in Accounting, Economics, or other related discipline MSc and/or professional qualification (ACA/ACCA/CITN) an advantage
Preferred Skills
- Advanced Excel, PowerPoint and other Microsoft office skills & SAP knowledge an advantage Good organizational ability, interpersonal and analytical skills.
- 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
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Method of Application
Description
- Prepares annual budget (both Corporate & Partner) for entity in conjunction with technical responsible
- Prepares revised forecast information based on latest work scope
- Participates in NAPIMS Sub-Committee meetings to defend Budget
- Performance in order to achieve the necessary approvals
- Prepares all necessary documentation for the month end closure (manual accrual’s, SKF’s, etc.) to ensure an accurate financial performance
- Ensures all tasks are carried out in order to achieve SOX compliance
- Prepares monthly cost report with variance analysis to help technical responsible manage their budgets / costs
- Provides monthly information for the NAPIMS cash call to ensure sufficient funding for the activities
- Process and verify invoices to ensure timely payment
- Schedules meetings monthly to discuss reports and finance related issues with Technical responsible.
- Ad hoc variance analysis for District management / Corporate Finance
- Periodic reconciliation of technical cost sheets with SAP Values to ensure adequate follow up of daily drilling cost.
- Creation of RFS purchase orders and maintenance of schedules for proper cost follow up.
- Liaison with Technical logistics and budget and reporting teams to ensure correctness of allocated cost.
Qualifications
- Bachelor’s degree in a Finance or Engineering
- 5 years Finance / Cost Control experience
Preferred Skills
- Bachelor’s degree in a Finance or Engineering
- Good systems knowledge, especially SAP and Excel
- Good interpersonal / analytical skills
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