, India
Job Family Group:
Finance
Worker Type:
Regular
Posting Start Date:
June 7, 2024
Business unit:
Finance
Experience Level:
Experienced Professionals
Job Description:
General Purpose:
Joint Venture Accounting (JVA) in Finance Operations performs the end-to-end Joint Venture Accounting activity for RDS Operated and non-operated Upstream/Integrated Gas activities. The team, which is part of the Revenue Upstream organization, manages cash calls and joint interest billing to Joint Venture partners.
Job Purpose:
This role is responsible in performing day to day operational requirements for Upstream Joint Venture Accounting (JVA) for an LOB/ Asset, with the following primary accountabilities:
- Ensure cash calls are within the approved budget and appropriately booked in the rightful cost element,
- Ensuring that cash calls are received and paid within agreed terms,
- Proactively and reactively identify potential bank overdraft,
- Complete, quality and timely joint interest billing and other required reports provided to JV partners and key stakeholders,
- Accurate recording of non-operated venture account balances,
- Accurate and timely postings of required manual journal entries and ensure approval within MOA,
- Analyzed and address aging of account reconciliation balance.
- Creates analytical reports to be used during Asset/Venture discussions.
This position will also be the deputy which mean first point of escalation and SME for the team.
This position will also be responsible for effective relationships with key stakeholders within Finance Operations, Asset Finance in the Business and Controllers team to ensure that alignment of objectives, delivery of functional plan and targets are met.
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Principal Accountabilities:
Process
- Manage JV Partner debtor/vendor request set-up
- Manage Equity group change request set-up and complete Prior Period Adjustment as necessary
- Review Authority for Expenditure (AFE) JV attributes prior set-up in SAP
- Place AFE in suspense/un-suspense
- Cash call calculation and preparation of statement for sending to JV partner
- Perform bank reconciliation and cash flow monitoring
- Prepare monthly Joint Interest Billing and other required reports
- Records NOV Joint Interest Billing
- Manage payment processing
- Address issues and errors during allocation and cutback process
- Focal for any issues or questions relating to Billing and Cash Call process
- Monthly Status of Accounts Reporting Analysis
- Monthly Portfolio Analysis meeting with Team Manager
- Actively participate in the monthly or other relevant stakeholders meeting
- Compliance to internal and SOX controls.
Continuous Improvement and Digitalization
- Identify and execute process improvements to deliver efficiency and effectiveness value
- Identify control weaknesses and recommend appropriate changes
- Successful execution of process streamlining with continuous improvement mindset
Values
- Maintain an office environment supportive of diversity and inclusiveness
- Authenticity
- Enterprise First Behaviour
Key Challenges:
Quickly learn and understand the process while managing the day to day operations and demand from the business. The role must develop content knowledge of many aspects of JVA and ability to apply this knowledge in changing business application/environment. Key to have an ability to work with diverse individuals in a team environment and capable in acting independently is essential. The incumbent must be able to work under tight time pressure whilst still maintaining high standard of work.
Job Knowledge, Skills & Experience:
Qualifications
- Degree/qualifications in Accounting/Finance preferred; preferably a CA
- 4-8 plus years work experience in related accounting processes
- Understanding of upstream business and Joint Venture Accounting process would be advantageous.
- Experience working in complex accounting / analytical roles.
- Exhibits excellent English communications skills (written and oral).
- Good knowledge of controls framework.
- Ability to work under high pressure an in a rapidly changing environment.
- SAP and Microsoft office skill set are necessary, preferably advanced excel
Key Competencies
- Accounting and Reporting- Skill
- Business Partnering – Skill
- Finance Input to Joint Ventures - Skill
- Governance and Assurance - Skill
- Commercial Mind-set – Skill
- Negotiation- Skill
Leadership Competencies
- Delivers Results
- Motivates, Coaches & Develops
- Displays Personal Effectiveness
- Demonstrates Courage
- Values Differences
- Champions Customer Focus
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Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.
