Accountant - Oil Gas Industry Position Summary The Accountant in the oil gas industry is responsible for managing financial transactions cost allocation revenue recognition and compliance with industry-specific accounting standards This role supports drilling production and project operations by ensuring accurate financial reporting effective cost control and adherence to regulatory requirements Key Responsibilities1 Financial Accounting Reporting Prepare and maintain general ledger entries account reconciliations and financial statements Ensure timely month-end quarter-end and year-end closing Support the preparation of financial reports in accordance with IFRS GAAP and company policies Assist with internal and external audits by providing accurate documentation 2 Cost Accounting Budget Control Track and analyze costs related to drilling production maintenance and capital projects Monitor OPEX and CAPEX budgets and highlight variances to management Allocate costs accurately to cost centers wells rigs and projects Prepare cost reports for management and project teams 3 Accounts Payable Receivable Process vendor invoices verify purchase orders and ensure timely payments Reconcile vendor statements and resolve discrepancies Prepare customer invoices for oil gas or service sales and follow up on collections Maintain accurate records of advances prepayments and accruals 4 Revenue Joint Venture Accounting Assist in revenue recognition for crude oil gas sales transportation and related services Prepare statements for joint venture JV partners and reconcile JV accounts Review and apply production data for revenue calculation and allocation 5 Compliance Regulatory Requirements Ensure compliance with tax regulations including VAT WHT corporate tax and government reporting Maintain documentation required for industry-specific audits e g local content production reports Support government reporting related to exploration and production activities 6 Financial Analysis Support Assist in preparing financial forecasts and cash flow analyses Provide financial insights to support decision-making for operational and capital projects Identify opportunities to optimize costs and improve financial efficiency Skills QualificationsEssential Skills Strong understanding of accounting principles IFRS GAAP Knowledge of oil gas cost structures revenue cycles and project accounting Proficiency in accounting software SAP Oracle QuickBooks or industry-specific ERPs Advanced Excel skills Solid analytical communication and problem-solving abilities Job Type Full-time Pay 55 000 00 - 57 000 00 per month Benefits Food provided Work Location In person

📌 Accountant (Kerala)
🏢 J&A Business World
📍 Kerala