Hydrocarbon Accountant

NEPTUNE ENERGY IS AN INDEPENDENT ENERGY COMPANY WITH OPERATIONS IN EUROPE, NORTH AFRICA AND ASIA PACIFIC.

Neptune Energy is uniquely positioned for the energy transition. We aim to go beyond net zero by storing more carbon than we, and our customers, emit by 2030. Our vision is to be the leading E&P company by meeting society's changing energy needs and creating value for our stakeholders. We provide secure supplies of energy with a differentiated portfolio that is gas-weighted, long life, low cost and lower carbon.

Established in 2018, we now employ some 1,300 people in the UK, Norway, Netherlands, Germany, Algeria, Egypt, Indonesia and Australia. Our values of excellence in health, safety and the environment, accountability, integrity and teamwork are a core component of our business and help guide our actions.

We are an equal opportunity employer and value diversity. We are committed to providing a work environment free of discrimination and harassment. We encourage applications from qualified and eligible candidates regardless of race, religion or belief, colour, national or ethnic origin, age, sex (including pregnancy), gender identity and/or expression, sexual orientation, marital status, disability or any other status protected by the laws or regulations in the countries where we operate.

Values

Neptune has a set of fundamental values that guide our people and the way we grow our business sustainably: Excellence in HSEQ, Integrity, Individual Accountability and Teamwork. Our Group structure is designed to support these values - it centralises responsibilities and distributes decision-making. With these values at the heart of how we operate, we deliver growth by:

Running our assets and driving our production in a safe, sustainable and efficient manner;

Developing our exploration projects to ensure healthy reserves replacement;

Integrating past acquisitions successfully and high-grading our portfolio of activities;

Considering additional M&A activities if these are value-accretive;

Driving an entrepreneurial culture without compromising integrity or safety in anything we do.

Culture

Neptune Energy's culture is centred around HSEQ, entrepreneurship, efficiency and value, attracting top E&P industry talent and creating an environment where our employees can flourish.

HSEQ is valued above all else and we are strongly committed to achieving best-in-class HSEQ standards, ensuring continued safe, reliable operations across all the whole organisation. The environment is a key consideration and Neptune Energy is committed to environmentally responsible operations, energy efficiency and transition to a low carbon future.

For our Hydrocarbon Management department, we are looking for a candidate to fulfil the position of

Hydrocarbon Accountant

Location: Sandnes, Norway

Job description

The Hydrocarbon Accountant represents the interface between Commercial & Sales function and Finance function. The person is responsible for a holistic and consistent approach of calculating, reporting, allocating and forecasting revenues and costs for the hydrocarbon streams. The Hydrocarbon Accountant is also in charge and is the main focal point for all reporting to authorities. The person will be required to potentially work with little supervision and may be required to support hydrocarbon accounting activities in other country locations.

Reports to: Head of Hydrocarbon Management

Main duties and responsibilities 

Production and Sales Volumes:

• Collate and report actual production and production forecasts for Operated and Non-Operated assets in co-ordination with subsurface and technical teams.
• Collate and report actual sales and forecasted sales per (Operated and Non-Operated) asset in accordance with commercial agreements (including where appropriate, projected timing for liftings of oil cargoes).
• Determine assumptions on volume, transportation costs and revenues allocations between fields, wells and terminals as necessary.
• Ensure quality of volume data and provide suggestions and improvements to allocation and reporting procedures as necessary.
• Resolve queries in relation to volumes and produced reports.
• Maintain, update and quality assure sales information (volumes and contracts) in the relevant IT systems.
• Maintain, update and quality assure sales information (volumes and contracts) and provide the required monthly data to enable hydrocarbon sales invoices in a timely and accurate manner.
• Ensure sub-allocation reports for operated assets are issued to partners in a timely manner.  Reporting to authorities: REMIT reporting, CVA's, etc.

Transportation and Processing:

• Transportation and processing cost forecasting/modelling for forecast, budget,
• Verify volumes and price content of transportation and processing tariff invoices in accordance with the relevant commercial agreement (either with transport system operator or third parties).
• Review and manage tariff formulas.
• Review annual reconciliations and in particular make-up and carry forward positions. Ensure such data is considered in the setting of capacity bookings in infrastructure and terminal.
• Review opex cost share calculations and subsequent annul reconciliations.
• Prepare invoices for secondary market capacity with counterparts.

Financial Analysis:

• Calculate and analyse fields' and contracts' performance to provide basis for potential discussions at how further optimization or risk mitigation can be performed for the Neptune Energy hydrocarbon streams. Areas of focus include, but are not limited to, capacities paid for but not used, penalties under the sales contracts, deliveries under the contracts.
• Coordination of Country production volume analysis to be reviewed by the Head of Hydrocarbon Management for Group wide stakeholders and input into key internal and external reports on volumes and revenue.
• Be a focal point on discussions around revenue recognition for new operations.

Hedging:

• Providing input to hedging process, comprising forecast volumes and prices.

General:

• The Hydrocarbon Accountant has to work with all other Hydrocarbon Accountants and shall act as a backup of the others if needed.

Required qualifications and experience

• Previous experience with volume reporting, stock accounting, sales and invoicing of oil & gas streams, or similar products, is a requirement.
• Relevant bachelor's degree in finance or accounting.
• 3-5 years experience, preferably as financial controller or accountant working in a multi-currency organization.
• Preferably 3-5 years' experience in oil and gas business.
• Use of SAP would be beneficial.
• Understanding of the work and activities for which the job is providing support.
• Ability to communicate and understand technical specialists and relay the information to others in an understandable way.
• Strong service orientation and project management skills.
• Very good listening and communication skills.
• Fluent in English. Dutch/Norwegian is a plus.

Behaviours

In Neptune we are looking for team members who:

• Act with humility, promote inclusivity and treat everyone with dignity and respect
• Seek out ways to collaborate and promote a culture of shared learning and knowledge in order to maximise value
• Seek opportunities for positive change and continuous improvement
• Are not afraid to push boundaries and challenge conventional wisdom and established truths
• Can adapt and act quickly in the face of changing situations
• Understand and anticipate stakeholder needs and use this insight to shape actions and decisions appropriately
• Hold themselves and others to account for their contribution and performance
• Show an unwavering commitment to safety, and have high standards of personal integrity

Don't meet every single requirement? Studies have shown that some people are less likely to apply to jobs unless they meet every single qualification. At Neptune we are dedicated to building a diverse, inclusive and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

What we offer:

At Neptune we are committed to supporting everyone to learn, develop and gain new experiences. We have an open culture, so it is easy to make your voice heard and have a say in our future and your own development.

The work we do is challenging, stimulating and complex; you will be empowered to play a direct part and will be able to see the impact of your role.

We work in a highly collaborative way, so you will interface frequently with colleagues outside of your direct team, and at all levels of the organisation.

We look forward to welcoming you!

Information and application 

We are looking forward to your application!

For further information on the job content, please contact Philip Chan,  Head of Hydrocarbon Management at philip.chan@neptuneenergy.com.

Please be informed that an assessment and reference check can be part of the recruitment procedure.