Accounts Assistant (Contract-outside of IR35)
Posted 2 days ago by Telosta
Negotiable
Outside
Undetermined
London Area, United Kingdom
Summary: We are seeking a Senior Accounts Assistant with experience in the upstream oil & gas sector to support financial operations for a medium-sized operator in London. This 6-month contract role is outside IR35 and requires a strong understanding of upstream cost structures and compliance with the UK fiscal regime. The position involves managing supplier invoices, performing reconciliations, and supporting month-end close processes. The ideal candidate will have a minimum of 5 years’ experience in finance/accounting roles within the sector.
Key Responsibilities:
- Manage and process supplier invoices related to exploration, production, and operational activities
- Ensure accurate coding to cost centres, AFE structures, and JV accounts
- Perform monthly reconciliations for bank accounts, supplier ledgers, and intercompany balances
- Support month-end close with journal postings, accruals, and variance analysis
- Prepare and submit VAT returns, ensuring upstream-specific treatment is correctly applied
- Assist with corporate tax and fiscal filings, liaising with external advisors as required
- Reconcile balance sheet accounts, including suspense, accruals, and prepayments
- Assist with year-end audits, providing data packs and transaction support
- Support internal and external reporting obligations (JV partners, HMRC, auditors)
- Work closely with the Financial Controller and operations team to ensure financial data aligns with field activity
Key Skills:
- Minimum 5 years’ experience in finance/accounting roles within upstream oil & gas
- Strong working knowledge of UK VAT, O&G cost allocation principles, and fiscal reporting
- Familiarity with JV accounting, AFEs, and cost recovery processes
- Proficient with ERP systems such as SAP, Oracle, or Sun
- Advanced Excel skills – must be comfortable with reconciliations and analysis
- Strong attention to detail, with the ability to work independently
- Immediate availability or short-notice start preferred
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: undetermined
IR35 Status: outside IR35
Seniority Level: Senior
Industry: Other
Role Summary: We are seeking a Senior Accounts Assistant with proven experience in the upstream oil & gas sector to support financial operations for a medium-sized operator based in London. This is a contract role for 6 months, outside IR35, requiring understanding of upstream cost structures, JV (ideally) processes, and compliance in the UK fiscal regime.
Key Responsibilities:
- Manage and process supplier invoices related to exploration, production, and operational activities
- Ensure accurate coding to cost centres, AFE structures, and JV accounts
- Perform monthly reconciliations for bank accounts, supplier ledgers, and intercompany balances
- Support month-end close with journal postings, accruals, and variance analysis
- Prepare and submit VAT returns , ensuring upstream-specific treatment is correctly applied
- Assist with corporate tax and fiscal filings , liaising with external advisors as required
- Reconcile balance sheet accounts, including suspense, accruals, and prepayments
- Assist with year-end audits, providing data packs and transaction support
- Support internal and external reporting obligations (JV partners, HMRC, auditors)
- Work closely with the Financial Controller and operations team to ensure financial data aligns with field activity
Key Requirements:
- Minimum 5 years’ experience in finance/accounting roles within upstream oil & gas
- Strong working knowledge of UK VAT, O&G cost allocation principles, and fiscal reporting
- Familiarity with JV accounting, AFEs, and cost recovery processes
- Proficient with ERP systems such as SAP, Oracle, or Sun
- Advanced Excel skills – must be comfortable with reconciliations and analysis
- Strong attention to detail, with the ability to work independently
- Immediate availability or short-notice start preferred