Sr. Specialist - Upsteam Rev. Accounting
Revenue Upstream and Integrated Gas (RUIG) team is accountable for calculating, recording, and collecting Shell’s share of Revenue and settling associated obligations like royalty and infrastructure costs for upstream / IG assets in 15 countries. The RUIG team is also accountable for managing the cash call and billing process for upstream ventures. The process, systems and tools vary across the countries / LOB based on the nature of the asset, physical infrastructure, underlying commercial contracts and systems used by feeder processes.
What’s the role
The Senior Specialist is responsible for managing the Revenue Accounting activities which encompasses
Reconciling physical volume flow from multiple data points and recognize Shell’s share of Revenue Working with key stakeholders in other departments,
Validating, reconciling and Processing Pipeline / Partner Payments
Reconcile & Process Prior Period Adjustments due to Volume, Price, DOI, etc
Working on Revenue estimation and working on analysis, providing commentaries for comparing actuals vs estimates, PPA’s, Gas Imbalance, Revaluation and Inventory reporting
Forecasting revenue and working in coordination with R & A
Involved in activities related to set-up of new fields / wells and review for compliance in line with the applicable contracts
Conducts audits of Revenue records to ensure proper documentation is maintained to evidence those controls are operating effectively as required for SoX Compliance
Work with JV Auditors, EY, GRA and SIA to assess compliance activity; address special requests from various internal and external organizations
Acting as Liaison / Interface between various groups (Gas / Oil / Management / Land & Contract, Volumes, Regulatory Affairs, FiTB) for new / ongoing issues
Ensure integrity of account data through Status of Accounts and Reporting Compliance
Ensure that processes are fit for purpose, digitalization and standardization become the ways of working
Role dimensions
This role is designed to help ensure revenue is accurately recorded and that accounting controls, outlined in the Shell Control Framework, are being executed by all Revenue accountants; includes training and coaching Revenue accountants on accounting and production concepts, as well as field specific processes and procedures.
The Senior Specialist must be familiar with all aspects of revenue accounting and have an understanding of the various issues impacting the industry
The Senior Specialist must be able to make recommendations for process improvements as well as control enhancements.
Participate in systems testing as necessary
Assist in acquisitions and divestments of fields
Act as liaison between leadership and desk accountants for new/ongoing accounting issues
What we need from you:
A professional degree in Finance or Accounting with 4-6 years of experience, preferably Chartered Accountants.
Chartered Accountants with 4-6 years post CA experience
Having worked in Upstream Finance processes will be an advantage.
Excellent interpersonal and communication skills with the ability to influence others through effective communications
Effective time management and organizational skills and the ability to independently set goals and priorities
Able to adapt to new or changing circumstances and ambiguous or pressured situations
Technical Skills- Knowledgeable in Blue Print, SAP, MS Tools such as Excel, Access and Power BI.
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