Financial Reporting Analyst

Finance - Damascus

Job Title Financial Reporting Analyst
Function / Department Finance
Reports to Finance Manager
Location / Requirements Damascus - Applicants must have the legal right to work in Syria

About Novaterra Energy

Novaterra Energy is an oil and gas exploration and production company dedicated to developing Syria's energy resources and supporting the country's path toward energy self-sufficiency. 

Working alongside ConocoPhillips and the Syrian Petroleum Company, we are advancing major gas developments while pursuing new opportunities across the energy sector. 

Through a culture built on Safety, Integrity, Partnership, and Empowerment, we offer professionals the opportunity to contribute to a transformative national energy program while developing their careers through training, mentoring, and leadership opportunities.

Novaterra Energy is an equal opportunity employer. As part of our commitment to developing local talent, this position is based in Syria, on a domestic status. 

We welcome applications from all qualified candidates and particularly encourage applications from the local community. 

Job Purpose

The Financial Planning, Budgeting & Performance Analyst is responsible for supporting the financial planning, forecasting, budgeting, performance monitoring, and management reporting processes across the oil and gas business. The role provides financial insight to operational and commercial teams, enabling informed decision-making, cost control, capital allocation, and delivery of business objectives.

The position plays a key role in evaluating operating performance, analysing production economics, monitoring capital projects, and ensuring that financial plans accurately reflect operational activities, reserves development, and market conditions.

Key Responsibilities

Financial Reporting:

  • Prepare monthly, quarterly, and annual financial reports for management, shareholders, lenders, and joint venture partners.
  • Assist in the preparation of consolidated financial statements in accordance with IFRS and company accounting policies.
  • Ensure accurate recording and reporting of upstream oil and gas transactions.
  • Support the month-end, quarter-end, and year-end close processes.
  • Prepare balance sheet reconciliations and investigate variances.
  • Maintain reporting schedules and supporting working papers.

Oil & Gas Accounting & Reporting:

Support accounting and reporting for:

  • Exploration and evaluation activities
  • Producing assets
  • Development projects
  • Asset retirement obligations
  • Depletion, depreciation, and amortisation (DD&A)
  • Impairment assessments
  • Reserve-related financial disclosures
  • Ensure compliance with industry-specific accounting standards and company policies

Joint Venture Reporting:

  • Prepare joint venture financial reports and partner reporting packages.
  • Support cash call reporting and reconciliation processes.
  • Coordinate financial information requests from JV partners.
  • Assist with audit responses relating to operated and non-operated interests.
  • Reconcile JV balances and cost allocations.

Consolidation & Group Reporting:

  • Assist in consolidating multiple entities, assets, and joint ventures.
  • Process intercompany eliminations and reconciliations.
  • Ensure consistency of reporting across subsidiaries and operating entities.
  • Support preparation of board, lender, and shareholder reporting packages.

Regulatory & Statutory Compliance:

  • Assist with statutory accounts preparation and external reporting requirements.
  • Support tax reporting and regulatory compliance activities.
  • Liaise with external auditors during annual audits.
  • Ensure adherence to financial controls and corporate governance requirements.
  • Support implementation of new accounting standards and reporting requirements.

Financial Analysis:

  • Perform trend, variance, and ratio analysis.
  • Analyse: Revenue performance, operating costs, capital expenditure, cash flow, production-related financial metrics, identify risks, anomalies, and opportunities for performance improvement.

Systems & Reporting Improvements:

  • Drive continuous improvement in reporting processes.
  • Support ERP and reporting system enhancements.
  • Develop automated reporting dashboards and business intelligence solutions.
  • Improve data quality and reporting accuracy across finance systems.

Qualifications & Experience

  • Education:

    • Bachelor's degree in Finance, Accounting, Economics, or related discipline. 

    • Professional accounting qualification (ACA, ACCA, CIMA, CPA or equivalent)
  • Experience:

    • 3-7 years of financial reporting or financial accounting experience.

    • Experience within oil and gas, energy, natural resources, or other capital-intensive industries.

    • Strong understanding of financial reporting standards and reporting controls.

    • Experience within upstream exploration and production (E&P).

    • Experience preparing IFRS-compliant statutory accounts.

    • Knowledge of oil and gas accounting concepts, including DD&A and asset impairment.

    • Experience working with joint ventures and production sharing arrangements.

    • Exposure to group consolidations and multi-currency reporting

  • Knowledge & Skills:

    • Experience IFRS reporting and financial statement preparation.

    • Consolidation accounting. Management reporting.

    • Financial analysis and variance reporting.

    • Internal controls and corporate governance.

    • Advanced Microsoft Excel. ERP systems such as SAP, Oracle, Microsoft Dynamics 365, or similar.

    • Revenue recognition in oil and gas operations.

    • Exploration and development accounting.

    • Joint venture accounting.

    • Asset retirement obligations.

    • Multi-currency accounting and reporting.
  • Languages: Fluent Arabic and English (written and spoken).

Key Competencies

  • Demonstrates strong financial accounting and reporting knowledge, with a thorough understanding of IFRS and industry reporting requirements.
  • Ability to interpret financial results, identify trends, and provide meaningful business insights.
  • Maintains high levels of accuracy and completeness in reporting outputs.
  • Builds effective relationships with operational teams, auditors, management, and joint venture partners.
  • Presents complex financial information clearly and concisely to both finance and non-finance stakeholders.
  • Seeks opportunities to streamline processes, improve controls, and enhance reporting quality.

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