Statoil Senior/Principal Accountant Accounting Joint Venture Accounting in Houston, Texas
Senior/Principal Accountant Accounting Joint Venture Accounting
Job ID: 8127
Location: Houston, Texas
Company: Statoil Gulf Services LLC
Contact Name: Stephanie Jayne Anderson
Discipline: Finance & Control
Education Preferred: Bachelors Degree
Experience Preferred: 1 - 3 Years
Closing Date: Feb 272017
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.
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
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
Statoil offers a competitive salary and a comprehensive benefit package. Statoil is an equal opportunity employer.
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.