Finance Officer
Job Category: HKN Finance Department Requisition Number: FINAN001463 Showing 1 location Job Details
Description
Job Title
Finance Officer
Work Schedule
Sunday – Thursday 08:30 to 17:00
Department
Finance
Work Location
Erbil Office
Reports to
Finance Manager
Transportation
As per Company Policy
Subordinates
Not Applicable
Accommodation
As per Company Policy
Employment Type
Permanent
Application Deadline
April 9, 2025
Start Date
To be confirmed
Other details
Three months’ probation
HKN Energy Ltd. is a privately held, independent energy company with oil exploration and production operations in the Kurdistan Region of Iraq (KRI).
HKN Energy is focused on increasing production of its Sarsang Block, located in the prolific Zagros fold, and thrust belt of Northern Kurdistan. We have a highly experienced, diverse team with work experience in over 80 different countries. HKN Energy is committed to building a company culture that is guided by its Core Values of Integrity, Respect, Excellence, Commitment, and Teamwork.
Position Summary:
We are seeking a highly organized and detail-oriented Finance Officer to join the finance team. The ideal candidate will be responsible for administering the annual work program and budget, preparing semi-annual work programs, conducting variance analysis, and providing support to various departments on reforecasting and budget analysis. This role requires strong interpersonal and analytical skills with strong attention to detail and the ability to communicate complex financial information clearly.
Main Duties & Responsibilities:
1. Annual Work Program and Budget Administration:
Administer the compilation of the annual work program and budget in accordance with organizational goals and financial guidelines. Oversee and manage the preparation, reporting, and archiving of budget-related documents to ensure compliance with internal standards and external regulations.
2.Semi-annual Work Program and Budget Preparation:
Prepare and administer the semi-annual work program and budget, ensuring alignment with strategic objectives and departmental needs. Review and update the semi-annual budget to reflect any adjustments or new priorities.
3.Budget vs. Actual Analysis:
Develop and track the actual performance against the budget, performing variance analysis to identify discrepancies, trends, and areas requiring corrective action. Prepare detailed reports to communicate findings from budget-to-actual analyses and assist in decision-making.
4. Reforecasting and Budget Analysis Support:
Collaborate with various departments to support reforecasting and budget analysis efforts, providing timely and accurate financial data for review. Assist in the preparation and analysis of revised forecasts based on actual performance, providing insights into cost efficiencies or potential challenges.
5. Cost Analysis and Cost Savings:
Conduct various analyses related to cost control, efficiency, and potential savings across departments. Provide recommendations for cost reduction strategies and monitor the implementation of cost-saving measures.
6.Reporting and Archiving:
Prepare regular reports on financial performance, work program progress, and budget adherence for management review. Ensure proper archiving of all financial documents and reports to comply with organizational policies and auditing standards.
Minimum Qualifications:
Bachelor’s degree in finance, Accounting, Economics, or a related field Proven 5-7+ years’ of experience in budgeting, financial reporting, and variance analysis Sufficient expertise to handle the technical and analytical demands (e.g., variance analysis, reforecasting) while being able to communicate effectively with departments and monitor budget processes. Strong knowledge of financial information systems, MS Excel, and reporting tools Excellent analytical skills and attention to detail Strong communication skills in English, written and verbal Strong presentation skill for financial data Ability to work independently and collaborate with various teams
Desirable Skills:
Experience with oil and gas sector in the Kurdistan Region.
+ Directly with IOCs is a plus
Knowledge of financial forecasting techniques and reforecasting processes
Skills
Education
Experience