Drilling Accountant

About Us

Ithaca Energy is a leading full cycle exploration and production company headquartered in Aberdeen, Scotland. The business has built a diverse and high value portfolio of operated and non-operated assets across the Northern & Central North Sea and West of Shetland.

We are a dynamic and ambitious business on a rapid growth journey, recognising that the energy industry is entering a new era. As we move towards energy transition, our commitment to the North Sea is unwavering.

As a leading North Sea Operator, we are an agile and driven business, taking a pragmatic approach to oil & gas production through innovative thinking and advanced technologies. Our goal is to maximise value through the safe, efficient and responsible production of our assets.

Success is dependent on our talent and, with bold and inspired people, we will create a workplace that is diverse and equitable, building a culture of collaboration and inclusion.

Position Overview

Ithaca Energy is accepting applications for the position of Drilling Accountant, located in our Aberdeen Office.

Reporting to the Senior Drilling Accountant, the Drilling Accountant challenges actuals and forecasts for his/her area and steers performance actions across the business in coordination with Assets, JV and other Functional teams (P&E, Drilling etc) for all Drilling Operations. The incumbent is a key contact for Budget and reforecasting campaigns.

Responsibilities

• Support and provide analysis to management, Drilling and JV & Commercial Function on all drilling activities
• Responsible for direction and control of accounting activities related to the drilling and completion activities. Tracking actual expenditure and allocating costs as required, working closely with the Drilling function and other areas of the Business, to ensure expenditure is accounted for correctly
• Manage AFE creation and approval process for drilling campaigns and support communication with JV partners around UK Operated drilling operations
• Bring expertise to JV Accountants for the cost analysis, forecasting and planning (e.g. rig rates, drilling delays, seismic surveys, cost slippage, performance action etc…) during drilling campaigns
• Undertake month end accruals for drilling campaigns
• Prepare final well reconciliations in line with SOAPS within 6 months of well completion
• Participate in and host JV internal/ external audits and participate in 3rd party vendor audits as required
• Gather inputs and coordinate with other functions to prepare budget, forecast & actuals; input and report the data in the appropriate system and ensure all variances are fully explained
• Preparation of required paperwork for WBS creation in SAP ensuring correct accounting treatment
• Maintain key account reconciliations, assigned to the position, according to the agreed schedule and in compliance with SOX requirements and manage to conclusion any outstanding issues.
• Follow-up on all outstanding third-party invoices and costs in support of drilling related activities

Qualifications & Experience

• Degree or equivalent in finance, commercial or business discipline
• Proven competency in a similar drilling accounting position in the E&P sector, with a good understanding of E&P asset performance.
• Requires detailed technical knowledge of Exploration & Production drilling accounting, including Standard Operating Accounting Procedures, to ensure asset expenditure is fair and equitable, company reimbursement is maximised, and JV audits are successful, with minimal findings.
• Ability to challenge forecast assumptions and provide input based on actual expenditure, highlighting anomalies to the relevant JV Accountant.
• Strong interpersonal skills with an ability to interact at different levels across the organisation.
• Highly numerate problem solver accustomed to using their initiative to find solutions.
• Excellent working knowledge of SAP is a must and experience using Wellview would be beneficial.

We are committed to building a diverse organisation with a variety of backgrounds, skills and views. The more inclusive we are, the better we are.We recognise you may not fulfil every criteria but if you meet most of them, please apply.