Sr. Finance Analyst Drilling Job Listing at BHP Billiton in Houston, TX

Energy, Metals & Mining

Sr. Finance Analyst Drilling
Job number:
NT753951

CSG:
Petroleum

Business / Project:
Finance

Job type:
Full Time Regular (USA)

Location:
US - Texas - Houston
BHP Billiton is all about smart technology, innovation and great talent. If you want a challenging career and a chance to explore resource opportunities as well as your ambitions, we're the company for you. Think ahead. Think BHP Billiton.

ACCOUNTABILITIES

This role reports directly to the Finance Manager, Eagle Ford Production Unit, supporting BHP Billiton's shale gas production operations in Texas.

Finance support for the Eagle Ford Production Unit: The Financial Analyst Drilling provides finance support & advice to the BHP Billiton Petroleum Worldwide Drilling (WWD) function. Point of contact for financial issues with Eagle Ford operations teams. Provide cost analysis supporting field operation. Oversee cost coding and classifications to ensure compliance with BHP Billiton Standard Reporting guidelines. Ensure accurate codes are used for supplier orders and time-writing. Prepare Authorization for Expenditure ("AFE") documents and route for internal approval. Track expenditure against AFEs and request supplements when required. Implement standard finance processes as established within drilling finance team or in conjunction with the Controllers teams as applicable for drilling cost accounting. Respond to requests in all areas of drilling cost control including joint venture accounting, AFE reporting, commitment reporting, budgeting, and forecasting. Analysis of drilling charges paid via Procure To Pay System ensuring appropriate authorization and costing to wells. Contract administration activities including providing drilling information required to Supply & Logistics. Partner with Supply & Logistics on opportunity identification for cost improvements

Variance Analysis of Budgets to Actual Cost for Capital and Depreciation:Update commentary on costs for the month, Year to Date and Full Year forecast variances for the Eagle Ford Production Unit, including capital costs and depreciation. Prepare latest estimates for all costs on a monthly basis throughout the year.

Update and maintain the Financial Models for forecasting purposes: Maintain financial model with up to date actual costs based on latest forecasts. "Roll over" the models at each Fiscal Year end, and incorporate any other required reporting changes into the model. Liaise with various stakeholders (Operations for capital, Subsurface teams for volumes & reserves, Planning for inflation and price indices, etc) to obtain relevant information to update forecasts. Prepare validated life of field forecasts for management review and upload these to the BHP Billiton consolidation system within the required dates.

Month end accounting close: Prepare and post monthly accrual entries for Eagle Ford, including analysis and review of the capital expenditure. Review Assets Under Construction on a monthly basis, and ensure these are settled to final assets and depreciated on a timely basis once the assets are put into service. Monthly reporting and analysis of actual results. Participate in physical inventory counts and ensure valuation of inventory is accurate with respect to financial and joint venture reporting. Review inventory costs for proper financial reporting, allocations and transfers required. Provide general & administrative cost analysis on a monthly basis to Finance & Drilling management.

Corporate Reporting and Governance: Update commitment and contingencies registers on a semi-annual basis. Update the watchlist register for items with financial or accounting uncertainty. Engage with the Controllers team for the completion of commentary on Eagle Ford Production Unit required for Briefing Papers. Prepare technical accounting papers where interpretation is needed for activities of the Eagle Ford Production Unit. Support the statutory auditors when required and BHP Billiton's Group Audit Services when internal audits are conducted. Ensure BHP Billiton approval authorities are complied with at all times, and provide advice on interpretation of corporate policies as required. Understand and provide accounting guidance in accordance with Joint Venture agreements and COPAS. Manage Joint Venture Auditors and review and respond to JV Audit exceptions.

Systems Support: Prepare requests for Master Data Creation and Changes so that cost objects are available when required. Support implementation of BHP Billiton's new SAP system, including verification of data to be loaded, participation in user acceptance testing, and advise on new processes as these are developed. Support the implementation of the new "BPC" forecasting tool as this is developed, including user acceptance testing prior to go live.

EXPERIENCE AND QUALIFICATIONS

Bachelor's Degree in Accounting and/or Finance

Minimum 6 years of related experience in accounting for oil and gas exploration and production activities.

THINK OF THE OPPORTUNITIES WITHIN BHP BILLITON. THINK LOCAL. THINK GLOBAL.

With 44,000 employees working in more than 100 operations in approximately 25 countries, we represent the world's largest diversified resources company. We take our commitment to the communities in which we operate and do business in very seriously, and we are committed to operating safely and sustainably.

M/F/D/V EEO/AA Employer
Advertised:
23 Jan 2013 Central Standard Time