Statoil Senior/Principal Accountant Accounting Joint Venture Accounting in Houston, Texas

Senior/Principal Accountant Accounting Joint Venture Accounting


  • Job ID: 8127

  • Country: USA

  • Location: Houston, Texas

  • Company: Statoil Gulf Services LLC

  • Contact Name: Stephanie Jayne Anderson

  • Workplace: Onshore

  • Discipline: Finance & Control

  • Education Preferred: Bachelors Degree

  • Experience Preferred: 1 - 3 Years

  • Closing Date: Feb 272017

Job Description

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 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.

The Chief Financial Officer’s (CFO) organisation is a driving force behind the creation of greater value in the company. We are responsible for the financial and legal functions, providing professional support and advice, and for representing the group in financial markets. A key task for us is to ensure high levels of ethical and financial compliance with corporate and external requirements. By means of active stakeholder management, CFO will manage the market perception of Statoil in Norwegian and international financial markets.

Job Description

Understanding of 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


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

Minimal travel required

Local terms and conditions apply

Must be legally authorized to work in the United States

Personal Qualities

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, utilizing and extending network of internal and external contacts

We Offer

Statoil offers a competitive salary and a comprehensive benefit package. Statoil is an equal opportunity employer.

General Information

Our values are to be courageous, open, hands-on and caring. We believe in these qualities, which are essential for building an even stronger Statoil. If you can identify with them, you could be the one to strengthen our team.

Candidates are expected to openly offer all relevant information about themselves during the recruitment process.

An Equal Opportunity Employer Females, Minorities, Veterans, Disables and Other Protected Groups. Statoil is a VEVRAA Federal Contractor – priority referral requested.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.