Job Opportunities in Switzerland


October 8, 2024

LS Partners

Genève


Upstream Accountant – Family Office Oil & Gas Industry


We are seeking a detail-oriented and experienced Upstream Accountant. This position will focus on managing the financial operations. The ideal candidate will have a strong understanding of industry-specific accounting practices and compliance standards.
Key Responsibilities:
  • Oversee all financial and accounting activities related to upstream operations, including exploration, drilling, and production costs.
  • Track and manage capital expenditures and operating expenses associated with exploration and production projects.
  • Ensure accurate recording of financial data in line with IFRS, GAAP, and other relevant accounting standards.
  • Prepare financial statements, management reports, and variance analyses for upstream activities.
  • Work closely with technical and operations teams to monitor project costs, forecasts, and budgets.
  • Audits and provide accurate financial data related to upstream operations for both internal and external audits.
  • Maintain compliance with local regulatory requirements and taxation laws in the oil and gas sector.
  • Support joint venture accounting and prepare financial reports for partners in upstream operations.
  • Perform financial analysis to support decision-making in capital projects, asset acquisitions, and divestitures.
Qualifications and Experience:
  • Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree or CPA is a plus).
  • 5 years of experience in accounting, with specific expertise in the oil and gas industry, especially in upstream operations.
  • Strong understanding of upstream accounting processes, including capital expenditures, operational costs, and revenue recognition.
  • Solid knowledge of IFRS and/or GAAP.
  • Proficiency in accounting software and ERP systems (e.g., SAP, Oracle) used in the oil and gas sector.
  • Excellent analytical and problem-solving skills with attention to detail.
  • Ability to work collaboratively with cross-functional teams in a fast-paced environment.
  • Strong organizational skills and ability to handle multiple projects simultaneously.
Preferred Skills:
  • Familiarity with the financial aspects of Production Sharing Agreements (PSAs) and Joint Venture agreements.
  • Knowledge of oil and gas taxation, regulatory compliance, and reporting standards.
  • Strong financial modeling and forecasting skills.
  • Experience with managing large capital projects and asset acquisitions.
  • Flexible working environment with potential for travel to project sites.

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