Business Planning & Joint Venture Accountant

Our client, an independent oil & gas operator is currently seeking a Business Planning & Joint Venture Accountant to join their team. The role is located in Aberdeen, will be on a permanent (staff) basis and offers a hybrid working arrangement (4 days office / 1 day home)

ROLE

Support business planning activities and provide accurate joint venture accounting, ensuring compliance with company policies, joint operating agreements, and UK regulations. The role focuses on delivering reliable financial information, supporting the Finance Manager in planning processes, and maintaining strong relationships with JV partners

RESPONSIBILITIES

• Support the annual UK business plan process by preparing documentation and analysis for review and approval by the Finance Manager and department heads.
• Perform joint venture accounting activities, including the monthly JV billing process, AFE (Authority for Expenditure) approvals & supplements, partner forecasts, and Finance Committee materials.
• Prepare monthly internal P&L and balance sheet reviews for submission to the Finance Manager.
• Ensure timely and accurate accounting and maintenance of the books of accounts in line with accounting standards and company policies.
• Prepare partner reporting, including quarterly reporting of actuals vs forecast & budget, quarterly reforecasting, and the annual JV partner budget, in consultation with relevant departments.
• Coordinate annual JV (partner) audits by providing information, analysis, and support to ensure findings are minimised and compliance is maintained.
• Assist in financial modelling, forecasting, and economic analysis for business development opportunities as directed by the Finance Manager.
• Ensure all activities comply with company HSEQ policies, procedures, and practices.

Principal Challenges (1-3):

1. Navigating Regulatory and Fiscal Regimes

• The UK oil and gas sector operates within a highly regulated framework. Changes to taxation, licensing, or environmental rules can directly impact JV economics and planning.  This role supports the Finance Manager in monitoring developments and ensuring financial data reflects regulatory changes.

2. Aligning JV Partners with Strategic Objectives

• Multiple JV partners may have different priorities or risk appetites.  This role contributes accurate reporting and timely information to help maintain alignment and efficient decision-making.

3. Managing Market Volatility and Decarbonisation Pressures

• Fluctuations in commodity prices and the transition to lower-carbon energy affect planning and forecasts.  This role provides accurate financial data to enable scenario planning and support sustainable JV decisions.

REQUIREMENTS

• Bachelor's degree in accounting or finance.
• Qualified Accountant (professional body or equivalent experience).
• Previous, relevant experience in Oil and Gas, including joint venture accounting, with knowledge of UK legislation and experience working with a UK operator.
• Experience of financial and tax modelling in the Energy industry is an advantage.
• Self-starter - able to work independently and take initiative.
• Analytical thinking - applies logic to solve problems and deliver accurate outputs.
• Communication - able to prepare clear reports and communicate financial data effectively.
• IT - proficient in SAP, Microsoft Excel, and PowerPoint.
• Ability to work in a fast-paced environment and thrive in a period of growth & complexity
• Ability to manage competing priorities whilst meeting deadlines