Location: Stavanger, Norway
Work Schedule: 37.5 hour Standard Working Week
Duration: 12 months

Our client is seeking to recruit a Project Accountant to provide a robust control framework. The role is seen as crucial to provide challenge to project teams on cost monitoring of actual out-turn against Authorisation for Expenditure (AFE), budget and forecasting assumptions. The role has a key interface with the project budget holder and / or the Project Cost Engineer (depending on the materiality of the project) with respect to detailed cost models and business project performance reporting.. The Project Accountant is expected to provide a key interface between the Project Controls and the Project Finance Team.

Job Description:
Analyse time-writing reports - challenge and review billable.
Leadership of the AFE process in accordance with the AFE Standard and in compliance with the Norwegian JOA.
Taking the lead on governance matters such as ensuring compliance with Financial Authorities Standard.
Ensuring the Company Capital Investment Process is followed so that appropriate internal and partner approvals are obtained to enable project work to commence.
Compliance with Value Assurance Framework.
Obtain a thorough understanding of the investment case and budget for the project and, where applicable, help to compile these.
Lead on quarterly investments forecast process and annual budget process for Projects responsible for. Establish good working relationship with Project Controls lead in this process to ensure consistent messaging.
Provide spent reports by WBS to enable reconciliation between spend and forecast.
Responsible for the maintaining the WBS model in SAP for Projects responsible for.
Ensure appropriate financial controls are being applied.
Liaise with Project Controls to include VOWD accrual estimates in project reporting

The role will involve:
Financial and Management Reporting:
Monthly management accounting and reporting is a key deliverable for the Project Accountant. The Project Accountant is expected to liaise closely with the Joint Venture Accountant responsible for the project to ensure reporting of capital projects is consistent and reliable. This includes:
Investments reporting, including project commentaries.
Key liaison with Joint Venture Team for cash call process and any ad-hoc licence queries from partners.
Input into monthly Projects departmental cost report.

Invoicing:
Provide AFE coding for all project invoices.
Ensure that all project-related invoices are approved for payment on a timely basis.
Assist Accounts Payable / Procurement department with any invoice follow-up specific to coding / estimated value of work remaining on purchase orders

Project Close-Out
Actively participate in the process to achieve timely financial close-out of all commitments, contracts and purchase orders.
Ensure that the final project cost report agrees to actual costs recorded on SAP.

Job Requirements:
You will be experienced working within a finance function, ideally in presenting financial data and be capable of drilling down to the critical points for a management or non-finance audience.
You will have knowledge of the Norwegian Oil and Gas Industry and International Financial Reporting Standards applicable to the Oil and Gas industry. Ability to understand Finance process and procedures and be capable of using them to add value to the Norway business is essential.
A sound knowledge of oil & gas accounting, high attention to detail and accuracy and a strong working knowledge of SAP ERP is required to excel in this role.

To apply for this position please submit your CV accompanied with your notice period and approximate day rate or salary expectation. Candidates who meet the minimum selection criteria for this role will be contacted by a member of the Frontier Recruitment Team within seven days.