Job Description

, India

Job Family Group: Finance

Worker Type: Regular

Posting Start Date:

Business unit: Finance

Experience Level: Experienced Professionals

:

The R&A Deepwater Brazil PAR Analyst (Wells) position is responsible for providing proactive and effective support to the DW Brazil Wells Finance Team. This is a challenging role and the candidate must be able to demonstrate knowledge and expertise to perform his work independently with minimal supervision. Wells Finance Analyst must possess strong analytical and problem-solving skills as well as strong communication skills and be capable of developing effective relationships with Onshore Stakeholders and business partners.

This position is expected to support the Wells organization in high exposure areas like working with C&P on requesting purchases of equipment for drilling, Intra Group Billings; Identify and assess areas of risks and process gaps. Wells Finance Analyst is also expected to identify opportunities for optimization, streamlining processes and achieving greater organizational efficiency.

Accountabilities:

Wells performance management (OP, LE, PDR & MI reporting)

• Support cost engineers to identify differences between Operating Plan Sequence, Well Cost Estimates and VOWD, helping the deviations explanation, requesting corrections in the input to P1 whenever needed
• LE: Support LE updates in SAP for wells
• PDR Support: Co-ordinate
• Help wells appraisal performance dashboard preparation. Coordinate KPIs collection for non-wells areas (finance, MM, C&P, logistics...), following up with relevant focal points.
• Support FO PAR central team with ad-hoc requests and explanations related to the QPA
• Support CI Tracker preparation and DVA analysis
• Support PDR DVA analysis (full life - wells only)
• Support monthly actual vs. target explanations

Month-end process & Master Data

• Coordinate accruals MJEs actual postings followed by execution control
• Coordinate the D&R liability accruals process (MJEs and controls)
• Work close to FO Chennai and wells team to support the departmental overhead and time writing analysis
• Support wells to secure compliance with standard cost structure (wells global buckets)
• Request cost center creation to FO Chennai
• Request WBS creation to FO Chennai
• Providing all AFE related data to the OU, Preparing structure in SAP (SOV)
• Manage CTR process with affiliates
• Check master data in SAP for completeness
• Materials Management support - Support local MM team to deliver and reconcile info about value of materials in SAP, explain differences between numbers month to month basis, VPS balances, consumption, industrialization, scrap, surplus sales, material transfers or goods receipts.

Compliance

• Review MOA Brazil Wells / SAP payments approvals level /
• Support approval process for Affiliates CTRs from budget authority
• Support Short term cash forecast / Cash LE (long term) - wells invoices
• Work close with local FITB NOV team to get data transparency from NOV billings and AFEs by well, reconcile & harmonize with operational reports (e.g. daily drilling report)
• Support Cost performance monitoring & reporting
• Support health check process on outstanding invoices vs accruals / VOWD
• Based on interface with Finance Advisor Development and Projects - delivery info about completed projects to Fixed Assets department
• Custodian of accumulator WBS projects (LLI, intakes, etc.)
• Monitor wells down-payments
• Support IFRS16 finance lease requirements mainly to proper handle rig contracts
• Be involved on SOX controls and Risk management for high wells exposures subjects such as D&R liability, Idle Rig mitigations, Material Management (linked to VPS and Drop to Plant Process) and Logistics un-productive time

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Dimensions

• Business Dimensions based on Latest Estimate for Deep Water Brazil

• Production ~390 kboe/day
• Opex ~ $1.5bln
• Capex ~ $2.0bln
• O-FCF - ~$4.8bln
• Stakeholders - GM Wells, Wells Operations Lead, Asset Finance Managers for Brazil, Planning and Appraisal Manager, Exploration and Regional Finance Managers
• Flexibility to balance and adjust priorities for self and team across short and long-term delivery requirements.

Required Skills

• Professional degree in a finance related discipline (with preference for qualification and/or certification like CIMA, CA, an MBA, etc.) with a minimum of 5 to 8 years of post-qualification and having at least 4 years of relevant experience in Management Information reporting
• Understanding of complexity of Upstream business, able to differentiate activities in wells, subsurface and facilities
• Experience of ERP systems and business intelligence tools is an advantage
• Lean Six sigma certificate, process improvement mind set
• Fluent English language written and spoken including business specifics
• Very good communication skills
• Good working knowledge of Microsoft Excel is required
• Experience of working in a virtual environment is preferred

Additional Information:

• The Incumbent will be working in a 2PM to 11PM shift but he/she should be flexible enough to accommodate time zones during critical time periods, especially during Quarterly LE and OP exercise
• Must have capacity to develop a deep understanding of the Deepwater Business Model and Deepwater Business Goals.
• Ability to interface with multiple disciplines and organizations across Upstream (including teams within FO)
• Courage to develop and share opinions with peers, stakeholders, and senior leaders
• Able to balance the demands of supporting the business and maintaining independence to constructively challenge business decisions

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