Vacancy expired!
ABOUT HESS CORPORATIONHess is a leading international independent energy company engaged in the exploration and production of crude oil and natural gas.We have an industry leading position in the Bakken in North Dakota – a key U.S. shale play. Hess is also one of the largest producers in the deepwater Gulf of Mexico and a key natural gas producer and supplier to Peninsular Malaysia and Thailand. The company is engaged in exploration and appraisal activities offshore Guyana, participating in one of the industry’s largest oil discoveries in the past decade, as well as the Gulf of Mexico, Suriname and Nova Scotia.Hess aims to attract, retain and energize the best people by investing in their professional development and providing them with challenging and rewarding opportunities for personal growth. We are always looking for talented professionals who share our values and are passionate about making a difference in the world and in their careers. We strive to meet the highest standards of corporate citizenship by protecting the health and safety of our employees, safeguarding the environment and creating a long-lasting, positive impact on the communities where we do business.For more information about Hess Corporation, please visit our website at Hess.com.POSITION SUMMARY:The primary responsibilities of this position are to monitor, control, and report the financial results of Bakken Upstream operations. This will include overseeing the accounting work performed by The Hess India North Dakota Joint Venture Accounting Team in Bangalore and satisfying various ad-hoc requests.A successful candidate for this position will be a team-player with a sound understanding of oil & gas accounting, possess good communication and technical skills, and have high standards of excellence and attention to detail with a willingness to learn and the flexibility to work through peak work cycles.ROLES/RESPONSIBILITIES:Oversee the monthly accounting close for the Bakken Asset which will include the following:
Review the work performed by the Hess India Team to support the month-end close process which includes, but not limited to, vehicle mileage allocation, running cutback, overhead calculation and posting, posting flat rate entries, and other JV entries.
Manage and maintain the JV Upstream and Midstream Allocation cycles and ensure correct master data set up. Utilize the JV Allocations dashboard to ensure the accuracy of financial results.
Review journal entries made by the Hess India Team to record any month-end close required transactions.
Maintain and monitor tasks in Workflow Communicator to ensure they are being completed in a timely fashion and the monthly close is progressing as scheduled so that deadlines are ultimately met. This includes monitoring processes performed in other accounting groups (including, but not limited to, G&A allocations, settlement, DD&A, and tax calculations)
Steward monthly executive summaries and comparative income statements with variance commentary. Work with other accounting and financial support groups to obtain the appropriate variance explanations as necessary.
Present executive summaries and comparative statements to management in monthly closing meetings.
Coordinate processing of PMI’s by Hess India Team and propose recording accruals for material transactions as needed. Liaise with the Land team to ensure PMI process flow is optimal and executed avoiding bottlenecks.
Participate and lead various monthly and weekly operating rhythms with Land and Finance Support Teams to maintain accurate JV owner decks and perform correcting entries as needed.
Participate and play a lead role in the monthly Non-Billable cost review process while managing any follow-up corrections and process improvement opportunities identified as a result of these reviews.
Prepare and remit quarterly Payout statements in electronic format for hosting on online Owner Payout Statement portal. Work with the third-party service provider to address any file submission issues. Ensure the accuracy of payout statements by coordinating the process with Land and Revenue Accounting teams.
Lead and participate in various process automation projects as well as identify and manage proposed process improvements stemming from performing the daily work activities.
Provide analysis and supporting documentation to external auditors and the Hess SOX Team as required.
Oversee the gathering of various data by the Hess India Team to be used in the yearly statutory reporting process and work closely with Tax teams to ensure the data accuracy and consistency.
Manage Non-Op JIB review process by authorizing the payments in SAP and oversee the Non-Op payout process
Satisfy various ad-hoc requests and perform special project work as required.
QUALIFICATIONS:Experience:· 5-10 years of oil & gas accounting experience· 5 plus years of JVA related experienceRequirements:
Strong oil & gas accounting skills
Good understanding of E&P operations
Strong analytical skills
Interest in Lean, process improvement, and automation opportunities.
Strong computer skills, including SAP, HFM, Excel, and Word
Strong interpersonal and collaboration skills – ability to work effectively with all levels; good team player; ability to exhibit energy, enthusiasm, and a positive outlook.
Strong verbal and written communication skills
Strong customer service skills
Ability to adapt to new work processes, procedures, and/or requirements
Ability to work independently or as a part of team as required
Ability to multi-task
Ability to work overtime in peak cycles as required
Ability to travel internationally and domestically as required
Education/Training:
Bachelor’s degree in Accounting, Finance, or related Business field required
Master’s degree in Accounting or Master’s of Business Administration degree is a plus
Certified Public Accountant or Chartered Accountant certification preferred
Hess is an equal opportunity and military friendly employer.Posting Notes: Lisa B Willet | Employee | Finance | United States| Texas | Houston | | | | | No | 25495
Vacancy expired!