PetroChina Canada
Accountabilities
Budget & AFE Management
Budget & AFE Management
• Support preparation and validation of annual work program & budget. Challenge assumptions from business to ensure accuracy of budgets and alignment with strategic direction
• Ensure sufficient documentation and approval of annual budget along with communication and distribution of approved budget programs to the business units
• Advisor to the business on costs such as capital, exploration expense, research and development and abandonment AFEs/projects, as well as operating expenses
• Support business unit projects in reviewing AFEs, SAP work breakdown structure, budget change requests, AFE supplements
• Prepare AFE status reports to enable prompt analysis of costs by AFE and proactively identify potential cost overruns
• Establish, maintain and recommend changes to Investment Management Hierarchy (Expenditures Coding), WBS and cost center hierarchy, within the SAP system
• Load capital budget in SAP to correct IM Hierarchy and releases budget funds upon approval of AFE
• Ensuring compliance with AFE standards
Other Financial related activities & Analysis
• Initiate and support monthly forecasts for assigned asset and/or functional areas.
• Monitoring of costs, understanding key cost drivers, and providing thorough analysis to identify solutions to improve operating and financial performance,
• Prepare monthly, quarterly, annual and adhoc financial presentations for senior leadership meetings providing insightful variance analysis of actual to plan,
• Proactively analyze business performance and key performance metrics to provide analytical, strategic and financial support,
• Identify risk, challenges, opportunities in monthly report for senior management,
• Work with both business and finance teams to identify and record relevant monthly accounting entries
• Ensure functional/asset related financial statements are complete and accurate and finalized within monthly and annual deadlines
• Coordination and preparation of detailed operating and functional view of financial statements and key performance indicators, along with other financial information, as required
• Establish balance sheet integrity through a comprehensive understanding and governance of relevant balance sheet account balances,
• Ensure all queries from HQ and auditors (internal and external) are addressed in a timely manner
• Confirm governance requirements through implementation and compliance with financial controls
• Provide strong support and involvement in the annual external financial audit process,
• Contribute to the continual improvement of the Finance team by proactively identifying and sharing process improvement opportunities
• Supports the maintenance of all documentation for budget management policies, procedures, standards and templates and updates when necessary for operations
Other Support
• Ensure familiarity with existing contracts and agreements and provide oversight to ensure contractual terms are being fully utilized and considered
• Utilize financial, joint venture and contractual skills and knowledge to safeguard the company’s assets, while identifying opportunities to maximize asset value
• Exposure to, and engagement in contractual and commercial negotiations as required
Qualifications
• Professional accountant designation preferred, along with a working knowledge of IFRS for upstream oil and gas
• 5+ years’ relevant experience with exposure to financial reporting/budgeting within an oil and gas exploration, development and operations environment
• Knowledge of oil and gas operating/management reporting requirements and ability to utilize accounting knowledge to deliver timely and insightful reports
• Experience with joint venture agreements is an asset
• Experience utilizing influencing and negotiation skills
• Ability to effectively work in a multi-disciplinary team environment, and with individuals at all levels within an organization
• Hands-on experience and proficiency with SAP
• Strong interpersonal and communication skills (written and oral); experience in effectively communicating key data, including presentations to both operations management and executive leaders
• Keen analytic, organization and problem-solving skills
• Confident, detail orientated and enthusiastic team player
• Flexible and able to manage multiple priorities simultaneously and meet the time demands of unpredictable activities; capable of handling pressure and challenges in a dynamic business environment
• Adoption and demonstration of PetroChina Canada’s Values (Honorable, Unified, Passionate, Accountable)
To apply for this job please visit petrochinacanada.startdate.ca.
