Joint Venture BTC Specialist

1 month ago


Makati City, Philippines Shell Business Operations Full time

Job Purpose

This role is responsible in performing day-to-day operational requirements for Upstream Joint Venture Accounting (JVA) Latin America for Shell Operated and Non- Operated JV assets, with the following primary accountabilities:

  • Ensure cash calls are within the approved budget and appropriately booked in the rightful cost element,
  • Ensuring that cash calls are received and paid within agreed terms,
  • Proactively and reactively identify potential bank overdraft,
  • Complete, quality, and timely joint interest billing and other required reports provided to JV partners and key stakeholders,
  • Accurate recording of non-operated venture account balances,
  • Accurate and timely postings of required manual journal entries and ensure approval within MOA,
  • Analyse and address aging of account reconciliation balance.
  • This position will also be responsible for effective relationships with key stakeholders within Finance Operations, Asset Finance in the Business and Controllers team to ensure that alignment of objectives, delivery of functional plan, and targets are met.

Principal Accountabilities:

Process

  • Manage JV Partner debtor/vendor request set-up
  • Manage Equity group change request set-up and complete Prior Period Adjustment as necessary
  • Review Authority for Expenditure (AFE) JV attributes prior to set-up in SAP
  • Place AFE in suspense/un-suspense
  • Cash call calculation and preparation of statement for sending to JV partner
  • Perform bank reconciliation and cash flow monitoring
  • Prepare monthly Joint Interest Billing and other required reports
  • Records NOV Joint Interest Billing
  • Manage payment processing
  • Address issues and errors during allocation and cutback process
  • Focal for any issues or questions relating to Billing and Cash Call process
  • Monthly Status of Accounts Reporting Analysis
  • Monthly Portfolio Analysis meeting with Team Manager
  • Actively participate in the monthly or other relevant stakeholders meeting
  • Compliance to internal and SOX controls.

Continuous Improvement

  • Identify and execute process improvements to deliver efficiency and effectiveness value
  • Identify control weaknesses and recommend appropriate changes
  • Successful execution of process streamlining with continuous improvement mindset

Values

  • Maintain an office environment supportive of diversity and inclusiveness

For further information, and to apply, please visit our website via the “Apply” button below.



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