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Well Accountant

Petrofac - Perth, WA

Source: uWorkin


Join Our Journey

Petrofac is currently looking to recruit a number of Well Accountant for 12-month Contract with a possible 6 month extension based in Perth, Australia.

What we do
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage, and maintain infrastructure for the energy industries. Our comprehensive and tailored service offering covers each stage of the project life cycle and a variety of commercial models, giving our clients the flexibility, they need.

Key Responsibilities

  • Produce forecast financial data required for the creation of planning of AFEs and Well Cost Estimates for all Well Activity in co-ordination with all Well Engineering disciplines.
  • To act as financial monitor and reviewer of all AFEs issued to clients including all supplements and revisions.
  • Create and operate a detailed cost tracking model to calculate the value of work done during all well activities, working closely with Well Engineering Team, Logistics and Commercial depts.
  • Ensure client has a full understanding and provision of appropriate documentation substantiating VOWD estimates and Estimated Final Costs.
  • Providing an ongoing (daily) cost management role, detailing all charges to the well with particular emphasis on a projected overspend and effective audit presentation of costs.
  • Contract compliance and review of all operational third-party supplier invoices.
  • Monitor of actual expenditure against call offs and contracts prompting timely revisions as required.
  • Main point of contact for all client and vendor financial queries.
  • Treasury function – payment authorization and administration of all project bank accounts, cash flow forecasting and escrow agreements.
  • Well reconciliation and cost analysis dependent on client requirements.
  • Latest Well Forecast AFE / Estimated Final Cost Analysis / Ad hoc variance analysis.
  • Audit co-ordination of all client audit requirements
  • Liaison with other departments to ensure a thorough understanding of the business processes as they relate to wells accounting requirements.
  • Develop strong working relationships with all members of the Well Engineering Team, representing financial matters in this area.
  • Identify areas for improvement and concern.
  • Perform ad hoc duties as required and responsibility for one Assistant Well Accountant.

Essential Skills
  • Educated to first degree level, or equivalent in a relevant discipline (preferred).
  • Appropriately trained with a wells accounting
  • Member of a relevant Accounting institute CPA (preferred).
  • Some training in corporate and contractual law is desirable.
  • Able to work effectively in a variety of cultures and manage inter-cultural sensitivities to an advantage.
  • Experience in Industry - Wells accountant role
  • Qualified accountant or qualified by experience in Drilling Accounting.
  • Ability to work as part of a team and “stand alone” for areas of responsibility.
  • Ability to work under pressure and to deliver objectives and deliverables to deadlines.
  • Ability to build and develop excellent client and offshore working relationships.
  • Proficient in Excel and other software used in the Well Services environment
  • Strong communicator able to contribute to goals and objectives set out by the project Manager.
  • Experience in the application of Software and technical knowledge of Well Services.
  • Experience of identifying project critical success factors and risk management practices.

Equal Opportunities
We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

If you are selected as a potential candidate, we will be in touch.

Additional Information