Petrofac Limited is a British provider of oilfield services to the international oil and gas industry. It is registered in Jersey, with its main corporate office on Jermyn Street, London. It has operational centres in Aberdeen, Sharjah, Woking, Chennai, Mumbai, Delhi, Abu Dhabi, Saudi Arabia and Kuala Lumpur.
Understand the commercial terms and administration requirements for the allocated contracts to assist in managing and mitigating risks associated with contract delivery.
Proactively provide advice and support to the Project Teams regarding the contractual and commercial aspects of the contracts.
Ensure all contract documentation is managed via the contract database and that access rights to the database are maintained for the project.
Acting as the commercial focal point for Client Commercial contact and attend Client meetings as required.
Preparation of Client monthly reports including but not limited to value of works, forecast of spend, commitments annual budgets, business plans and contract incentive schemes.
Monitor the on-going financial performance of each job by preparing monthly management accounts, forecasts and budgets and ensure all commercial and financial reporting deadlines are met.
Support the Projects Team by providing ongoing and regular commercial analysis and information regarding expenditures, commitments, forecasts and the financial performance of the contract.
Ensure that internal cost reporting for the contract meets with corporate accounting and Commercial department requirements and that ongoing analysis is being made to track recovery against costs and highlight and resolve any associated issues in a timely manner
Monitor and provide feedback relative to KPI performance and highlight areas where improvement is necessary to optimize financial return.
Degree qualified (preferably in Quantity Surveying/Finance/Accountancy/Business/Law or part qualified accountant)
Advanced Microsoft Word and Excel
Strong understanding of contract law and management.
Experience with budgeting, re-forecasting, cost-reporting and monthly accounts
Knowledge and experience in drafting and interpretation of contractual documentation
Ability to work under pressure.
Oil and Gas experience