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Kampala, Uganda



January 14, 2024 at 12:00:00 PM

About the Organisation

Q-Sourcing is a leading HR and business process outsourcing firm that provides comprehensive staffing solutions, workforce management, and consultancy services. They cater to diverse industries including energy, telecommunications, logistics, manufacturing, and agriculture. Renowned for their tailored approach, Q-Sourcing focuses on enhancing organizational efficiency and effectiveness through innovative human resource practices and cutting-edge technology. With a strong commitment to excellence, they support businesses in achieving their goals by offering expert recruitment, training, payroll management, and compliance services.

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Job Title

Joint Venture Accountant job at Q-Sourcing Limited

Job Description

Timely response to queries from JV partners in respect to EA1 and EA2 Joint interest Billings (JIBs) and Cash Calls.

Duties and Responsibilities

The main responsibility of the position holder’s:

Joint Venture Activity

  • Preparation of the monthly Joint Interest Billings (JIBs) and Cash Calls for both EA1 and EA2.

  • Timely response to queries from JV partners in respect to EA1 and EA2 Joint interest Billings (JIBs) and Cash Calls.

  • Ensuring proper filing and archiving of all Joint Venture reports and communications (including but not restricted to Joint Interest Billings and Cash Calls) for ease of retrieval.

  • Participation in the preparation of annual Joint Venture budgets (OCM and ACM budgets) and attending associated meetings along with other members of Finance team and JV planning.

  • Participation in Joint Venture Technical Planning Meetings (TPM) and Finance Planning Meetings (FPM).

  • Participation in JV meetings between Finance and JV Planning to review Non-Operated billings and ensure proper estimation of monthly Non-Operated accruals based on value of work done.

  • Posting of approved monthly Non-Operated Billings in Salsa.

  • Review and reconciliation of partner JIB with budgets to identify any potential overruns and unplanned work programmes. Analysis, documentation, and presentation of such potential overruns, incorporating credible comments (variance analysis), to the Budget & Reporting Manager for the identification of potential mitigation plans.

  • Participation in Joint Venture meetings with JV partner representatives (currently quarterly) to challenge the OBO costs, especially those outside the budget and work programme.

  • Preparation of non-operated budgets in liaison with JV planning.

  • Ensure provision of appropriate up to date closing forecast for non-operated, with proper justification and comments to support the estimates.

  • Preparation of operating procedures within identified perimeter.

  • Ensure compliance with relevant Sarbanes-Oxley Act controls in reporting (JIBs) in conjunction with internal audit.

  • Preparation of Cost Recovery Statements and Request for Services (RFS) reports for the Petroleum Authority of Uganda (PAU).

Audit Activity:

  • Organize and coordinate Joint Venture audits on behalf of the Company’s finance team.

  • Co-ordinate the provision of relevant pre-field audit information requests and ensure validation of such materials by the appropriate internal Managers before the commencement of the audit.

  • Control-check the quality of documents/justification provided by internal departments to auditors in order to ensure consistency with information in the JIB and that documents/justifications meet auditors’ expectation.

  • Consolidate both internal and external audit exceptions and maintain a follow up mechanism with internal parties to ensure all required support documents/justifications are subsequently provided so that outstanding issues are closed out.

  • Participate in Joint Venture audits on the non-operated entity

  • Support the Tax manager for the tax/cost recovery audits and especially RFS issues with URA/PAU

Qualifications and Competencies

Mandatory Qualifications/Experience required

Education and Experience:

  • Bachelor’s degree in Financial Management, Accounting or related field. Professional qualification in ACCA/CPA is an added advantage.

  • Minimum six (6) years’ experience in Finance in Oil & Gas Upstream Sector.

  • Good knowledge of FI/CO/MM/JVA domains of SAP ERP

  • Excellent knowledge of Microsoft office (Excel, Power Point and Word)

  • Excellent communication, interpersonal and analytical skills and ability to work in a team

  • Good knowledge of the Oil & Gas business

  • Well-developed computer skills, including proven ability to maintain/update websites, and a demonstrated understanding of the internet, social media, multi-media tools and desktop publishing; experience working with Adobe design tools is an added advantage

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How to Apply

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