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Open nowFirst seen 4 days ago

Senior JV Accountant

Vinarco133 open roles

Where
Bangkok, Bangkok, Thailand
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Your applicationOpen nowSenior JV AccountantVinarco · Bangkok, Bangkok, Thailand

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Share of postings closed within
  1. 2.1%1 day
  2. 4.5%3 days
  3. 12.3%7 days
  4. 19.3%14 days
  5. 35.6%30 days
  6. 57.8%60 days
This job: first seen 4 days ago

The posting

Our client, a leading Oil & Gas exploration and production company.

Position: Senior JV Accountant

Office Location: Chatuchak, Bangkok.

Job Summary

Highly detail-oriented Joint Venture (JV) Accountant with expertise in managing complex financial operations within the energy or petroleum sector. Proven track record in leading month-end and year-end closing processes for both PITA and Non-PITA accounts. Expert in navigating Joint Operating Agreements (JOAs), streamlining JIB processes, and ensuring rigorous compliance with the Petroleum Income Tax Act. Adept at serving as a strategic liaison between JV partners and internal management to drive financial transparency and operational efficiency.

Key Responsibilities

  • Financial Reporting: Lead the month-end and year-end JV closing processes for PITA and Non-PITA accounts, ensuring accuracy, timeliness, and compliance with company policies and regulatory requirements.
  • JV Transactions: process and reconcile JV billings (e.g., Joint Interest Billings - JIBs) and oversee JV distributions in accordance with JV agreements.
  • General Ledger Management: maintain and manage the general ledger, ensuring accuracy and completeness of accounts.
  • Compliance: ensure accounting practices and reporting comply with accounting standards, the specific terms of JV agreements, and relevant regulations such as Petroleum Income Tax Act (PITA).
  • Audit Support: support internal and external auditors by providing necessary documentation and information for JV audits.
  • Analysis & Insights: provide financial analysis, including budget to actual variance explanations, and insights into JV performance for management and JV partners.
  • Interfacing with Partners: serve as a key accounting contact, liaising with JV partners, management, and internal departments.
  • Process Improvement: identify and implement improvements to JV accounting processes to enhance efficiency and accuracy.

Skills & Qualifications

  • Hold at least a bachelor's degree in accounting or related field (Master's degree is an advantage).
  • Technical Accounting: Strong knowledge of Generally Accepted Accounting Principles (GAAP) and experience with Joint Operating Agreements (JOAs).
  • Software Proficiency: Experience with financial software like SAP, IDEAS or similar accounting platforms.
  • Analytical Skills: Ability to analyze financial data, identify trends, and provide actionable insights.
  • Communication Skills: Excellent verbal and written communication skills to effectively interact with internal teams and external partners.
  • Attention to Detail: High degree of accuracy and meticulous attention to detail.
  • Problem-Solving: Keen ability to identify and resolve financial discrepancies.
  • Positive Attitude, enthusiastic and optimistic
  • Minimum 5–7 years of experience in accounting, with at least 3 years in joint venture accounting within the oil & gas or petroleum industry.
  • Strong knowledge of Petroleum Income Tax Act (PITA), joint operating agreements (JOA), and related petroleum accounting practices.
  • Good command in English
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