Senior Accountant Joint Venture Finance

By HRSG Pvt. Limited, Karachi  for a reputed financial institution, Karachi for Govt. Holdings (Private) Limited, one of the largest oil and gas companies in Pakistan                                                                  Qualification:

• Partly Qualified (Finalist) from recognized body of professional accountants or 16 years of education with Bachelors/ Master’s degree in Finance / Accounting 

Experience:

• 4 years’ experience in finance & accounting domain in international, government, semi-government or large commercial organizations of repute, Skills: Financial Modelling, Well conversant with IFRS.  Financial Reporting, knowledge of relevant laws & Compliance. Knowledge of Systems, Policies & Procedures. Knowledge of Microsoft Office                

Jobs Description:

• Maintenance of Joint Ventures Account of Developing and producing joint ventures and record related to AFE/ Budget and Cash call files and cash Call scrutiny and processing of allocated producing and underdevelopment fields.
• AFE scrutiny and processing.
• Cost statement verification and coordination with Operator for resolving pending matters.
• Preparation of standard format of cost statements and entries into software on monthly basis.
• Maintenance of JV Budget Record and comparison with actual expenditure on monthly basis.
• Review of JV budget papers and preparation of queries for Manager/ Deputy Manager Finance (JV) for onward submission to the Operators.
• Entry of Joint venture actuals into SAP system.
• Preparation of monthly over/ under advance balance reconciliations. Preparation on monthly joint venture profitability reports. Preparation of monthly Apex cost review reports. Maintenance of Budget/ Minutes record of FCM/OCM. Preparation of progress register for budget, AFE and cost optimization initiatives. Preparation of AFE control file. Preparation of JV insurances snapshot for Management approvals by giving sum insured, limits and coverage for policies maintained by the Operators for each JV