Senior Expert Group Consolidation

Responsibilities:

• Ensures high quality financial reporting for OMV Petrom SA, by ensuring correct application of the accounting and financial reporting principles in accordance with IFRS and with the statutory requirements
• Is involved in the quarterly and annual financial reporting for OMV Petrom Group Consolidation purposes
• Supports monthly financial reporting activities for OMV Petrom and its subsidiaries
• Participates in the preparation and ensures accuracy of OMV Petrom SA, OMV Petrom Group and OMV Petrom subsidiaries financial statements
• Identifies/Reviews and posts consolidation adjustments
• Checks/Reviews that correct calculation and appropriate reconciliations are made at the end of each period for key consolidation elements such as: non-controlling interest, goodwill, retained earnings
• Checks/Reviews that appropriate elimination of intercompany balances and transactions for consolidation purposes are made
• Performs/Reviews the appropriate elimination of intercompany profit in stock for consolidation purposes
• Prepares/Reviews notes and disclosures for consolidation purposes, including information needed for Investor News, Annual Report etc.
• Analyzes quarterly balances and transactions evolution both at OMV Petrom SA and at OMV Petrom Group level and reviews the overall analysis
• Prepares/Reviews and retains necessary documentation and audit trail of work performed, according to Internal Controls System requirements
• Prepares/Reviews segmental reporting for OMV Petrom SA and OMV Petrom Group
• Prepares/Reviews related parties note for OMV Petrom SA and OMV Petrom Group
• Prepares and reviews working papers for IFRS Reporting Package for OMV Petrom SA and for statutory reporting, as well as various financial reporting to Romanian authorities
• Provides support to OMV Petrom Global Solutions on all issues identified or questions raised
• Participates to and ensures the review and reconciliations made at each month closing for complex issues and accounting areas
• Checks the reasonability of provisions, prepares/reviews necessary adjustments based on information received from Business Units (litigation, environmental, decommissioning, other provisions)
• Reviews accruals and checks their accuracy and completeness
• Reviews fixed assets movements and checks additions (Capex) and depreciation
• Is involved in the preparation/review of presentations for top management or other stakeholders
• Contributes to the development of  Corporate Standards and Directives for Business Units of OMV Petrom SA, subsidiaries and OMV Petrom Global Solutions
• Remains permanently in touch with the IFRS and local GAAP; implements legislative modifications which have an impact on own activity, implements change solutions for compliance with the legal regulations and communicates to team and other stakeholders accordingly

Requirements:

• University degree or higher in respective discipline or equivalent education along with solid occupational experience in the related field (Business or Economics degree preferably)
• At least 5 years of practical experience in accounting
• ACCA membership and oil & gas experience is a plus
• Advanced knowledge of IFRS and RAS accounting rules, regulations, policies and procedures
• Advanced knowledge of English language (written and spoken)
• Proven, advanced knowledge and skills of Microsoft Office (especially Excel) and preferably exposure to automated financial reporting systems
• Excellent problem-solving, analytical and numerical abilities
• Teamwork skills, hard-working, proper conduct in relation to the company and the other employees