LNG Joint Venture Analyst

Detailed Job Description

The position is a one year term position.

The Role

Reporting to the FP&A Manager, LNG & Groundbirch, the LNG Joint Venture Analyst will work closely with Senior Financial Analyst in supporting the LNG Asset Team. This position’s primary focus will be on reviewing, processing and accounting for monthly non-operated Joint Interest billings. This role will also support LNG operating costs stewardship inclusive of maintaining operating expense accruals, forecasting, management reporting and analytical responsibilities. The incumbent will have a strong accounting base and will leverage that knowledge and understanding of major contracts to develop more in-depth operational reporting analysis and insight. This position will contribute in driving financial analysis within the LNG asset to identify solutions to improve financial and operating performance.

Accountabilities

Accountabilities include, but not limited to:

- Using business insights, and contract knowledge, review and analyze non-operated asset related joint venture billings for accuracy and completeness

- Provide accounting for non-operated joint interest billings, working closely with internal stakeholders and operators to resolve any billing related queries

- Work closely with Treasury and Transaction Accounting departments to monitor timely payments and refunds related to cash calls and joint interest billings

- Establish balance sheet integrity through a comprehensive understanding and governance of relevant balance sheet account balances through complete periodic account reconciliations

- Initiate and support monthly forecasts for assigned areas

- Develop and maintain detailed operating expenses accrual workbook

- Work with both business and finance teams to identify and record relevant monthly accounting entries

- Coordinate and prepare detailed periodic operating expense reports and key performance indicators, along with other financial information, as required,

- Ensure all queries from HQ and auditors (internal and external) are addressed in a timely manner,

- Confirm governance requirements through implementation and compliance with financial controls,

- Provide strong support and involvement in the annual external financial audit process,

- Contribute to the continual improvement of the Finance team by proactively identifying and sharing process improvement opportunities,

- Subject matter expert of underlying joint venture and other key agreements related to LNG non-operated asset,

- Utilize financial, joint venture and contractual skills and knowledge to safeguard the company’s assets, while identifying opportunities to maximize asset value,

Additional Areas Of Responsibility Or Growth Depending On Experience

- Lead preparation and validation of annual work program & budget for operating costs. Challenge assumptions from business and operator to ensure accuracy of budgets and alignment with strategic direction,

- Ensure sufficient documentation and approval of annual budget along with communication and distribution of approved budget programs to the business units

- Advisor to the business and Finance team on LNG operating costs

- Monitor operating costs, understanding key cost drivers through analysis to identify solutions to improve operating and financial performance,

- Prepare monthly, quarterly, annual and adhoc financial presentations for asset team management and senior leadership meetings providing insightful variance analysis of actual to plan,

- Proactively analyze business performance and key performance metrics to provide analytical, strategic and financial support,

- Identify risk, challenges, opportunities in monthly report for senior management,

- Support the development and maintenance of all documentation for budget management & cost control policies, procedures, standards and templates and updates when necessary for operations;

Qualifications

- Bachelor’s Degree, from a recognized educational institution, with a major in finance, accounting or business, an acceptable combination of education and experience will also be considered

- CPA or similar designation considered an asset

- 5+ years relevant operations accounting, management reporting, budgeting, analysis and/or joint venture accounting experience

- Minimum of 5 years oil and gas industry experience required

- Previous experience supporting LNG operations considered an asset

- Working knowledge of IFRS required, with professional accountant designation is an asset,

- Track record of operations related opportunity identification, initiative, ownership and resolution

- Previous experience with joint venture agreements

- Ability to effectively work in a multi-disciplinary team environment, and with individuals at all levels within an organization

- Hands-on experience with SAP an asset

- Strong interpersonal and communication skills (written and oral); experience in effectively communicating key data, including presentations to both operations management and executive leader

- Keen analytic, organization and problem solving skills

- Confident, detail orientated and enthusiastic team player

- Flexible and able to manage multiple priorities simultaneously and meet the time demands of unpredictable activities; capable of handling pressure and challenges in a dynamic business environment

- Adoption and demonstration of PetroChina Canada Values (Honorable, Unified, Passionate, Accountable)