About LEKOIL: Pioneering Energy Solutions with Local Expertise and Global Reach

LEKOIL Cayman stands at the forefront of the global oil exploration sector, distinguished by its foundation of seasoned professionals with deep expertise in both international oil and gas ventures and complex financial markets. Our unique value proposition, "local implementation facilitated by global resource access," underscores our commitment to leveraging worldwide capabilities to drive success in local contexts. With an experienced management team and board, LEKOIL possesses a profound understanding of the operational, regulatory, environmental, and security landscapes that are critical to successful operations in Africa.

The Opportunity: Joint Venture Accountant

LEKOIL is seeking a highly skilled and dedicated Joint Venture (‘JV’) Accountant to join our dynamic team. This pivotal role will provide essential support to the Financial Controller in effectively managing the Company’s diverse interests and ensuring stringent compliance with the Joint Operating Agreements across our key assets, including the Otakikpo JV, OPL 276, OPL 310, and First Otakikpo Midstream Limited (FOML). This is an excellent opportunity for a finance professional to contribute significantly to the financial integrity and strategic operations of a leading energy company.

Key Responsibilities and Accountabilities

Joint Venture Accounting

Support the establishment and maintenance of a robust business controls framework to effectively mitigate risks associated with JV arrangements.
Contribute to JV budgeting, meticulous forecasting, comprehensive performance reporting, and rigorous budget change control across all JV assets (Otakikpo JV, OPL 276, OPL 310, and FOML).
Provide invaluable support to operational and technical teams regarding business plans and performance monitoring for each JV asset.
Conduct periodic reviews of project Authorizations for Expenditure (AFEs) and detailed variance analysis reporting.
Ensure the time-writing model, processing of timesheets, true-ups, and recharges to assets are consistently accurate and up-to-date.
Prepare and submit timely cash call forecasts to JV Partners in strict accordance with agreed timetables.
Review and reconcile JV Partner billings, statements of account, and ensure efficient cost recoveries.
Monitor and ensure full compliance with Joint Operating Agreements, covering aspects such as cost allocation, audit rights, and reporting obligations.
Serve as a key liaison with JV Partners and their representatives on all financial and reporting matters.
Assist in the preparation of critical materials for JV operating committee and technical committee meetings.

Financial Accounting and Reporting

Accounts Payable:

Ensure all vendor invoices are processed accurately and efficiently in a timely manner.
Maintain comprehensive supplier records and manage payment runs in line with agreed terms.

Accounts Receivable:

Manage the end-to-end process of generating precise invoices, diligently monitoring payment due dates, reconciling incoming cash, and proactively managing collections.

Bookkeeping and General Ledger:

Accurately post FOML transactions to the general ledger and perform thorough reconciliations of key accounts.
Ensure the accuracy, completeness, and integrity of financial data at all times.

Periodic Financial Reporting:

Produce accurate monthly management accounts, comprehensive quarterly reporting packs, and annual financial statements.
Prepare detailed supporting schedules and insightful commentary for review by the Financial Controller.

Payroll and Staff Expenses:

Ensure employee wages, deductions, and taxes are accurately computed and recorded.
Ensure prompt remittance of statutory deductions (PAYE, pension, and other applicable levies).
Ensure staff expense claims are processed and paid promptly and in line with company policy.

Treasury Management:

Provide oversight of FOML’s financial resources and liquidity position.
Manage daily cash flows, optimize working capital, and mitigate financial risks including interest rate and currency exposures.

Inventory Management:

Maintain adequate records of FOML inventories, minimizing holding costs while preventing stockouts.

Systems Management & Team Leadership

Maintain and expertly operate accounting records within Sun Systems.
Ensure data integrity and accuracy across all system inputs and outputs.
Support system upgrades or migrations as required to enhance efficiency.
Manage performance, facilitate development, and provide coaching to junior team members, fostering growth and expertise.
Develop, maintain, and leverage professional relationships across LEKOIL and within the broader oil and gas industry.

General Responsibilities

Perform all other duties that are necessary and reasonably attached to the Joint Venture Accountant position and the fulfillment of its responsibilities.
Execute any other responsibilities as assigned by the Financial Controller, demonstrating flexibility and commitment.

Who We Are Looking For: Requirements

Educational & Professional Qualifications

Bachelor’s Degree in Accounting, Finance, Economics, or an equivalent relevant discipline.
Possession of a professional qualification: ICAN, ACA or ACCA is mandatory.

Essential Knowledge, Skills & Competencies

Solid experience and profound understanding of Joint Venture accounting principles and practices.
Strong financial acumen and exceptional numerical skills.
Previous, demonstrable experience within the oil and gas industry is essential.
Emerging market experience is strongly preferred.
Demonstrated leadership capability with the ability to confidently represent the Company’s position with JV Partners.
Robust CAPEX and OPEX budget management skills.
Ability to adapt quickly and effectively to a fast-paced working environment.
Strong operational finance experience, including Joint Ventures and Production Sharing Contract (PSC) environments.
Proficiency in Sun Systems is mandatory, complemented by advanced Excel and PowerPoint skills.

Experience

Minimum of 3 to 5 years of experience providing comprehensive financial support to a producing asset in an exploration and production company.
Minimum of 2 years' experience supporting the development of a field from Front-End Engineering Design (FEED) to construction.
At least 3 years in a similar JV accounting role.

Personal Attributes

Ability to effectively collaborate with operational teams and serve as the primary finance contact, offering sound advice and guidance on financial matters.
Ability to persuade and influence others, and to work effectively with people at all levels of the organization.
Ability to build trust and be regarded as a credible business partner.
Able to work flexibly and independently when required, with a high standard of attention to detail.
Strong work ethic within a committed team environment.
Reliable with good emotional intelligence and commercially astute.
Excellent diplomacy skills.
Outstanding verbal and written communication skills.
Excellent project management skills with the ability to work under pressure and to tight deadlines.
Good crisis management experience.

Physical & Other Requirements

Displays a quality of work that consistently reflects high professional standards.
Projects a professional and positive image at all times.
Willingness to travel to JV asset locations (including Otakikpo) as required.

LEKOIL is committed to fostering a challenging and rewarding work environment where talent thrives. We invite qualified candidates who are eager to make a significant impact to apply.