Job Title: Joint
Venture Accountant
Venture Accountant
Organization: Uganda
Refinery Holding Company (URHC)
Refinery Holding Company (URHC)
Duty Station: Kampala,
Uganda
Uganda
Reports to:
Manager Financial Accounting
Manager Financial Accounting
About US:
The Uganda Refinery
Holding Company (URHC) is a Private Limited Liability Company incorporated
under the Companies Act (2012). It is a wholly owned subsidiary of the Uganda
National Oil Company (UNOC) Ltd. The purpose of the URHC is to hold, on behalf
of UNOC, interest in the refinery project planned to be developed in Kabaale,
Hoima District and its associated infrastructure. URHC has also been given the
mandate to develop, operationalize and manage the 29.57 km2 Kabaale petro-based
Industrial Park (KIP).
Holding Company (URHC) is a Private Limited Liability Company incorporated
under the Companies Act (2012). It is a wholly owned subsidiary of the Uganda
National Oil Company (UNOC) Ltd. The purpose of the URHC is to hold, on behalf
of UNOC, interest in the refinery project planned to be developed in Kabaale,
Hoima District and its associated infrastructure. URHC has also been given the
mandate to develop, operationalize and manage the 29.57 km2 Kabaale petro-based
Industrial Park (KIP).
Job Summary: The Joint Venture Accountant will provide
support in the planning for and monitoring of non-operated assets, review of
Joint Venture (JV) annual workplans & budgets and ensure that joint
interest billings and cash calls are honoured within the provisions of the
Joint Operating Agreement(s) (JOAs).
support in the planning for and monitoring of non-operated assets, review of
Joint Venture (JV) annual workplans & budgets and ensure that joint
interest billings and cash calls are honoured within the provisions of the
Joint Operating Agreement(s) (JOAs).
Key Duties and Responsibilities:
- Review Monthly Joint Interest Billings & Cash Calls of JV
Partners. - Monitor monthly Capital Expenditures from JV Partners in line with
approved annual budgets. - Prepare Monthly accruals for the Non-Operated Assets.
- Participate in budget processing and ensure regular review of both
the Operated and Non-Operated Assets Operations. - Review joint venture annual work programs and budgets.
- Prepare Joint Interest Billings for Operated assets.
- Participate in JV Audits on behalf of UNOC in line with provisions
of the Upstream Joint Operating Agreements (JOA). - Ensure UNOC meets its financial compliance requirements as per the
Upstream JOA(s). - Monthly set-up of Allocations, Overheads, and WIP processes.
- Follow up on Cost Recovery Audits and related issues for
Non-Operated Assets in line with the PSA provisions - Participation in annual inventory counts and asset verification
exercises for UNOC and its JV Partners - Recommend potential enhancements of Joint Venture financial policies
and procedures - Maintain JV Joint Account and ensure that there’s no commingling of
resources. - Any other duties as may be assigned.
Qualifications, Skills and Experience:
- The applicant must hold a Degree in Finance, Business
Administration, Accounting, Economics or related fields - Professional Membership (ACCA, CPA, CMA)
- At least five (5) years of experience in the oil and gas industry.
- Extensive knowledge of financial accounting.
- Solid understanding of Joint Venture Operations and accounting.
- Knowledge of IFRS and other GAAP’s.
- Expert knowledge of Enterprise Resource Systems (ERPs).
- Knowledge Integrated Planning and budgeting.
How to Apply:
All candidates
should complete and sign Application Forms, download
here, together with certified copies of academic certificates should be
addressed and submitted in TRIPLICATE to the address below. Applications
delivered through courier or post office will also be received. Applications
must include a cover letter, application form and supporting documents. While
we thank you for your interest, only shortlisted candidates will be contacted.
Any form of lobbying will lead to automatic disqualification.
should complete and sign Application Forms, download
here, together with certified copies of academic certificates should be
addressed and submitted in TRIPLICATE to the address below. Applications
delivered through courier or post office will also be received. Applications
must include a cover letter, application form and supporting documents. While
we thank you for your interest, only shortlisted candidates will be contacted.
Any form of lobbying will lead to automatic disqualification.
General Manager,
Uganda Refinery
Holding Company Ltd,
Holding Company Ltd,
Plot 15 Yusuf Lule
Road
Road
P.O. Box
36316Kampala,
36316Kampala,
Deadline: 14th December 2018
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