Job Description

: Accountant - Oil & Gas Industry Position Summary

The Accountant in the oil & gas industry is responsible for managing financial transactions, cost allocation, revenue recognition, and compliance with industry-specific accounting standards. This role supports drilling, production, and project operations by ensuring accurate financial reporting, effective cost control, and adherence to regulatory requirements.

Key Responsibilities1. Financial Accounting & Reporting

Prepare and maintain general ledger entries, account reconciliations, and financial statements. Ensure timely month-end, quarter-end, and year-end closing. Support the preparation of financial reports in accordance with IFRS/GAAP and company policies. Assist with internal and external audits by providing accurate documentation.

2. Cost Accounting & Budget Control

Track and analyze costs related to drilling, production, maintenance, and capital projects. Monitor OPEX and CAPEX budgets and highlight variances to management. Allocate costs accurately to cost centers, wells, rigs, and projects. Prepare cost reports for management and project teams.

3. Accounts Payable & Receivable

Process vendor invoices, verify purchase orders, and ensure timely payments. Reconcile vendor statements and resolve discrepancies. Prepare customer invoices for oil, gas, or service sales and follow up on collections. Maintain accurate records of advances, prepayments, and accruals.

4. Revenue & Joint Venture Accounting

Assist in revenue recognition for crude oil, gas sales, transportation, and related services. Prepare statements for joint venture (JV) partners and reconcile JV accounts. Review and apply production data for revenue calculation and allocation.

5. Compliance & Regulatory Requirements

Ensure compliance with tax regulations, including VAT, WHT, corporate tax, and government reporting. Maintain documentation required for industry-specific audits (e.g., local content, production reports). Support government reporting related to exploration and production activities.

6. Financial Analysis & Support

Assist in preparing financial forecasts and cash flow analyses. Provide financial insights to support decision-making for operational and capital projects. Identify opportunities to optimize costs and improve financial efficiency.

Skills & QualificationsEssential Skills

Strong understanding of accounting principles (IFRS/GAAP). Knowledge of oil & gas cost structures, revenue cycles, and project accounting. Proficiency in accounting software (SAP, Oracle, QuickBooks, or industry-specific ERPs). Advanced Excel skills. Strong analytical, communication, and problem-solving abilities.
Job Type: Full-time

Pay: ₹55,000.00 - ₹57,000.00 per month

Benefits:

Food provided
Work Location: In person