Accountant – Reporting

COUNTRY

UK

LOCATION

Uxbridge – (Prospect House)

EMPLOYMENT TYPE

Employee

REQUISITION NUMBER

UK01183

CLOSING DATE

Apr-28-2021

Company Overview

CNOOC International, the international division of CNOOC Limited, is a global energy company with operations in Asia, Africa, the Americas and Europe. As one team, we are all united by our vision to deliver energy for all. Our successful growth as an upstream oil and gas producer has been achieved by consistently finding and developing world-class assets.

Our business is focused on safely exploring and producing from conventional offshore, unconventional and oil sands assets. As part of the CNOOC Group of companies, which span the entire energy supply chain, our size and capability create a competitive advantage that ensures we deliver long-term value. Our growth strategy is to safely and sustainably develop our high-quality portfolio to deliver energy for all.

Why CNOOC International?

At CNOOC International, we take pride in our corporate culture. From East to West, we foster an ethical, responsible and safety-first mindset to build trust among our stakeholders.

Bold ideas, diverse perspectives and the determination to fuel our success are what set us apart. Working for us means no matter what you do, you have the ability to make an immediate impact.

CNOOC International is one of the largest and most reputable oil producers in the UK North Sea, contributing more than 25% of the UK’s oil production and 10% of the country’s energy needs. We are the operator of the Buzzard, Golden Eagle and Scott platforms. Our business strategy is to maximize the value of our existing portfolio while creating new opportunities for global growth.

The Role

We’re seeking a Divisional Reporting Accountant to join our Financial Reporting team.

The Financial Reporting team are seeking a technically grounded, qualified accountant who is a quick learner.  You will support our growing business by providing value adding accounting and reporting working in our team based in Uxbridge but liaising with both the Uxbridge and Aberdeen offices.

The role is responsible for coordinating and preparing financial and management reporting for the UK division. We seek someone with a keen focus on life-long learning and on the job experience to enhance skills for both current and future roles. The successful candidate should be able to identify and implement process improvements to ensure we deliver fit for purpose high quality reporting across the UK Business.

Reporting to the Financial Reporting Manager, you will play a key role in delivering the business through:

Process Improvement & Communication

• Proactively identify gaps in processes or opportunities for improvement. Work with multiple stakeholders to agree and implement an improvement plan.
• Document and Streamline processes so they are optimised and support automation where possible, to enable increased focus on value added activities.

Divisional Reporting & Analysis

• Prepare month-end Finance reporting Pack and Monthly Management report.
• Coordination of the Month end and Quarter end timetables and Schedules.
• Insurance Accounting – including proactive communication with other Finance teams.
• Responsible for ensuring Other Income Statement line items are recorded and analysed including Other Income, Other Expense and FX
• Address local and corporate management queries to ensure a thorough understanding of the results is achieved.
• Coordinate non-recurring, unadjusted differences and uncertainty reporting.

System Focal Point

• Reporting structures including Profit Centre and Cost Centre Hierarchies
• GL Account and Group Account structures.
• Pre and post cons validations and issue resolution and act as key focal point for the Consolidations team.
• Income Statement and Balance Sheet – SAP & BI Reporting

Semi Annual Development Assets Impairment Reviews

• Key Focal Point and Coordinator for the Development Asset Impairment review; proactively work with multiple stakeholders to plan and prepare Impairment reviews.
• Work with the Asset managers to review the indicators and prepare related calculations, memos and supporting documentation.

Semi Annual Other

• Coordination of the Group and Legal Entity Audits for the UK upstream companies.
• Budgeting & Outlook of Insurance working with key stakeholders.

Outlooks

• Plan, Coordination of periodic Full year Outlook analysis, meetings and actions.
• Summarise Outlook changes for communication to Management.

Work Programme and Budget

• Coordinate the Budget SAP load and validation process and facilitate items not managed by other teams.
• Consolidated Divisional Budget Reporting and Validations.
• Preparation of Legal Entity Board packs for the upstream Companies.

Balance Sheet

• Coordination and Stewardship of all Balance Sheet accounts to ensure proactive management, effective controls, standardisation and issue resolution.
• Prepare account reconciliations and analysis to ensure accuracy, proactively bring any irregularities to resolution.
• Coordinate Quarterly review of the Account Analysis Binder and work with other Finance team members to ensure actions are documented and closed.

Who are we looking for?

• A qualified Accountant with strong technical grounding in IFRS
• Able to demonstrate initiative and naturally inquisitive.
• A strong attention quality and self-review.
• Flexibility in working style to adapt to changing environments and priorities.
• Ability to plan and co-ordinate activities across teams to tight deadlines.
• Quick learner with a structured approach to problem solving
• A strong influencing ability and a high degree of flexibility in your working style to adapt to changing environments and priorities
• A highly effective communicator who will be able to adapt their style to different audiences at all levels in the organisation including being able to summarise, communicate and explain at a high level.
• SAP and BI experience preferable but not essential (training can be provided).
• This is a great opportunity for someone with strong communication, planning and problem-solving skills who can work independently with a diverse set of stakeholders.
• No prior Oil & Gas experience required.

CNOOC International strives to retain and recognise high performing individuals who help us achieve superior results and deliver our vision of energy for all. Our pay-for-performance approach is at the foundation of our competitive compensation and benefits offerings that are designed to attract, retain and motivate the best and brightest.

Recognising and rewarding the value our people bring to the business is crucial to our ongoing success. It’s what keeps the best talent motivated and driven to deliver superior results. We believe that reward and recognition should extend beyond just compensation.

In return for your hard work, tenacity and contributions, you can expect an array of benefits. From personal career development that enables you to fulfil your potential, to employee programs that help you make the most of life outside of work, we care for our people and it shows.