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Organisational context and job purpose
INEOS Oil & Gas ("IOG") is a fully integrated exploration and production company with assets in the UK, Denmark and Norway. We are currently recruiting for a Consolidation Analyst to be responsible for monthly and ad hoc management reporting, treasury management/ reporting; and cost control at IOG Group level.
Reporting directly into the IOG FP&A Manager the successful candidate will assist with the delivery of accounting, consolidation, controlling, budgeting and other financing activities at IOG Group level.
Responsibilities and Accountabilities
Prepare and issue weekly price and month end assumptions to the IOG Group
Prepare a weekly consolidated 13-week cash flow forecast to incorporate other Oil and Gas regions and prepare a management presentation for Board approval
Collect, review & challenge the regional Oil and Gas business monthly financial results, prepare variance analysis for discussion with the segments finance heads
Consolidate month end results and forecasts for IOG Group, prepare monthly and ad-hoc management reporting and variance analysis for presentation to IOG Board
Prepare and distribute the annual budget assumptions to the IOG Group
Consolidate regional budgets for IOG Group, review and challenge with the regional finance heads
Manage the consolidation of the annual budget process for the IOG group, prepare the pack for Board presentation and complete the templates for Group submission
Coordinate the collection of ad-hoc data requests for Group and prepare consolidated submissions.
Treasury / Insurance
Review the current and forward curve hydrocarbon prices to ensure sufficient LOPI insurance coverage.
Assist with the collection and consolidation of the data in the insurance renewal process
Manage routine requests for drawing under the RBL Facility (on a 1, 3 or 6 monthly basis)
Manage interaction with asset managers and HSBC on issuing, maintaining and updating LCs
Review interest and fee invoices and check calculations are correct as per Facility terms
Work alongside Scandinavian finance team to identify and propose forward foreign currency requirements. Liaise with pool of banks to obtain quotes and execute following approval by Treasury Director or CFO.
Support periodic commodity hedge execution.
Provide general support to Treasury Director on managing hedge book (commodity and FX) including maintenance of database, routine and periodic reporting, and monitoring of hedge policy compliance.
Prepare the annual treasury budget submission for consolidation
Skills & Knowledge Required
Degree in Finance, Accounting or equivalent.
Full or part qualified ACA, ACCA or CIMA
A deep understanding of financial reporting requirements and complex Borrowing Facility financial obligations
Ability to use modelling tools and present outcomes simply and concisely
Advanced Microsoft Excel skills
Highly numerate with a high degree of accuracy and attention to detail
Excellent communication skills (written and verbal)
Keen problem solver
To apply for this position, please send your CV to IOGUK.Personnel@ineos.com