About this role
Job Summary
To lead the accounting function of ADES Production, ensuring complete, accurate and timely financial reporting under IFRS for the company’s upstream oil and gas interests.
Roles & Responsibilities
Financial Accounting & Reporting
- Lead the monthly, quarterly and annual close, delivering accurate financial statements under IFRS within agreed deadlines.
- Ensure revenue, cost and liability accruals are complete and supported.
- Prepare group reporting packs, consolidation inputs and intercompany reconciliations for ADES Group.
- Account for oil and gas assets under IFRS: exploration and evaluation (IFRS 6), unit-of-production depletion, impairment and decommissioning provisions.
- Maintain the general ledger and fixed asset register; ensure balance sheet accounts are reconciled monthly.
Joint Venture & Concession Accounting
- Apply the accounting procedures of the concession agreements and JOAs, including cost recovery, profit oil/gas sharing and excess cost oil calculations.
- Prepare and issue partner billings, cash call requests and joint interest statements, and reconcile partner balances every month.
- Prepare and submit the periodic cost recovery and expenditure statements required by EGPC and partners.
- Reconcile lifted volumes, entitlement and sales invoices with production, marketing and EGPC records.
Cost Control & AFE Management
- Track capital and operating spend per well and per project against approved AFEs and budget.
- Reconcile AFEs to close-out reports and flag overruns early.
- Work with operations and supply chain to ensure costs are coded to the correct AFE, cost center and concession.
Budgeting, Forecasting & Management Reporting
- Provide accounting data for the annual budget, rolling forecasts and variance analysis.
- Feed accurate, timely inputs into management dashboards (production, lifting cost per barrel, AR aging, cash position).
- Prepare analysis and explanations of material variances.
Treasury & Cash Support
- Monitor receivables from EGPC and partners, AR aging and collections.
- Support cash flow forecasting, including USD/EGP exposure and cash call funding needs.
- Ensure bank reconciliations are completed and reviewed every month.
Tax & Compliance
- Manage corporate income tax, VAT, withholding tax and stamp duty obligations in line with Egyptian tax law and the tax provisions of the concession agreements.
- Prepare and file tax returns on time, maintain complete supporting files and coordinate tax inspections and settlements with the Egyptian Tax Authority.
- Ensure compliance with statutory, EGPC and partner reporting requirements, and with ADES Group accounting policies.
Audit & Internal Controls
- Coordinate external statutory and group audits, EGPC and partner cost audits, and internal audit reviews; prepare audit schedules and close findings within agreed timelines.
- Maintain and test internal controls over financial reporting, including the delegation of authority matrix and segregation of duties.
- Keep accounting policies, procedures and ERP master data accurate and up to date
Education & Experience
- Bachelor’s degree in accounting, Finance or Commerce.
- 10–12 years of progressive accounting experience, including 5+ years in upstream oil and gas (E&P).
- At least 3 years in a supervisory or managerial role leading an accounting team.
- Hands-on experience with joint venture and PSC/concession accounting, cost recovery and partner billing; experience with EGPC concessions is a strong advantage.
- Experience with IFRS reporting, group consolidation, Big Four audits and a major ERP system (SAP or Oracle preferred).