Vacancy Financial Accountant for oil Exploration & Production Company, London

October 4, 2010 · Posted in Accounting, Finance 

Our client is a publically quoted independent oil exploration and production company with significant exploration and production assets in the Middle East and North Africa. In 2009 the company announced a substantial oil find with proven and probable oil in place resources running into many billions of barrels and will begin producing later this year. At this early stage in the E&A programme, it is projected that the company’s resources will significantly increase as the results of further drilling come in, on both the existing discovery blocks and the highly prospective adjacent licences within the same geological trend.

With this step up in activity and projected growth, we are now looking to recruit a competent and experienced financial accountant to work out of the London office. Working initially in parallel with the existing FC, you will be part of a friendly, informal but very focussed team and will cover all aspects of the finance function. Particular emphasis will be on the monthly accounting cycle leading to the production of statutory accounts and the annual report. It is intended that in due course the incumbent will step into the FC position.. This being dependant upon the capabilities and experience brought to the role.

Financial Accountant/FC

Excellent package + benefits

* At least 5 years experience, preferably in upstream oil and gas or energy related industry, ideally gained from a smaller dynamic company environment with overseas interests.
* A qualified accountant with a sound understanding of IFRS who enjoys financial accounting.
* Comfortable working for an independent company that has a strong entrepreneurial style.
* Ability to interact at all levels and disciplines’ within the organisation. .
* Well developed interpersonal and communication skills.
* Team player who is able to support the FD and other members of the executive team as well as interact with Legal, Technical, Operations and Finance teams in UK and overseas as required.
* Flexible and willing to travel at short notice
* Well organised with the ability to meet exacting deadlines and work effectively under time pressure. Accuracy very important.
* Should be able to assimilate a confident understanding of the company’s business and strategy and any transactions under consideration

* Assist in managing the finance team in London plus first point of call for the North Africa and Middle East accountants when they need help
* Coordinate the year end audit, annual report and Notice of AGM
* Preparation of the interim financial statements
* Preparation of statutory financial statements for Company/ subsidiaries
* Preparation of monthly management account actual results
* Maintain IDEAS (accounting software package)
* Sound knowledge and practical experience of IFRS
* Website maintenance
* Submit the majority of RNS announcements
* Coordination of the audit committee meetings including preparation of the Agendas and minutes
* Month end reconciliations for all main GL accounts
* approval of all journals prepared by the finance team
* Non-routine month end journals
* Coordination of the year end tax return (Deloitte prepare the return)
* Setting up of new bank accounts, new banking functions
* Complete insurance questionnaires on an annual basis
* Oversee the payroll function; resolve payroll problems
* Maintenance of personnel files
* Company secretarial assistance: Form 42, basic RNS announcements, liaising with Bermuda regarding minutes, registers of Directors
* Liaising with vendors regarding payment of invoices
* Assisting AP team with processing large/important invoices relating to the operations


A very competitive package to include bonus and other benefits.

To take this further please write with current salary information to the email address shown below.

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