Upstream-Projects and Fixed Asset analyst

Description

Summary: This role involves executing Upstream project and fixed asset accounting activities, ensuring accurate AFE settlement, asset capitalization, expense recognition, and compliance with accounting standards. Highlights: 1. Manage project and fixed asset accounting activities for Upstream assets. 2. Ensure compliance with accounting standards and SOX controls. 3. Drive continuous process and digital improvements. Total Number of Openings 1 This position is responsible for executing Upstream project and fixed asset accounting activities, ensuring accurate and timely AFE settlement, asset capitalization, and expense recognition. The role supports Assets Under Construction (AUC), fixed asset transactions, and monthly depreciation, depletion, and amortization (DD\&A), while ensuring compliance with accounting standards and SOX controls. The position partners closely with Business Unit Finance and GBS teams, supports month\-end close and reporting activities, and drives continuous process and digital improvements.**About the Upstream Projects and Fixed Assets Team** The Upstream Projects and Fixed Assets Team is responsible for managing fixed asset and project accounting activities for the U.S., CBU, and Equatorial Guinea. Key responsibilities include: * **Project Accounting:** Creation and maintenance of capital and expense projects in accordance with approved AFEs and capitalization policies. * **Fixed Asset Accounting:** Management of project capitalizations and subsequent fixed asset transactions, including retirements, transfers, and adjustments. * **Depreciation, Depletion, and Amortization (DD\&A):** Execution and oversight of DD\&A processes and reporting for upstream assets, applying either Unit of Production (UOP) or Non\-UOP method. * **Asset Retirement Obligations (ARO) and Land Assets:** Administration and reporting of land assets, AROs, and environmental liabilities. **About the Position** The primary purpose of this role is to ensure that Capital and Expense AFEs are settled accurately and on time in order to capitalize assets and record expenses appropriately. The position is also responsible for executing asset transactions and recording monthly depreciation, depletion, and amortization (DD\&A). **Required Qualifications:** * Advanced English proficiency to communicate daily with the U.S. Upstream business, and ability to work effectively with individuals from diverse cultural and geographic backgrounds. * 6\+ years of experience in accounting, including account reconciliations, Balance Sheet analysis, SOX controls, and audit support. * Experience dealing with accounting month\-end close activities within tight and well\-defined deadlines. * Strong analytical and problem\-solving skills, with the ability to explain general ledger account variances and investigate underlying business drivers. * Clear and concise verbal and written communication skills, with the ability to interpret accounting policies and present recommendations. Capable of translating financial concepts for engineers and non\-finance stakeholders. * Demonstrated initiative with the ability to manage multiple priorities, maintain high performance standards, and drive continuous process improvements. * Intermediate digital skills, including Excel and Power Query. * Working experience in using SAP **Key Responsibilities** Responsibilities for this position include, but are not limited to: * Account accurately and timely for Assets Under Construction (AUC) and Fixed Assets, including asset capitalizations, retirements, transfers, and resolution of data integrity issues. * Prepare and deliver Property Accounting and Project Developer monitoring reports accurately and within established deadlines. * Set up, monitor, and release AFEs accurately and in a timely manner. * Serve as a point of contact for the business, addressing requests and issues in coordination with Business Unit Finance and multiple GBS teams. * Identify and explore digital opportunities to improve efficiency and streamline processes. * Ensure compliance with SOX requirements and that all related controls are properly designed and operating effectively. * Analyze financial information, gather and validate data, and recommend or determine appropriate courses of action. * Perform account reconciliations on PP\&E * Execute closing and reporting activities in accordance with internal timelines. * Identify, propose, and implement process improvement initiatives. Chevron participates in E\-Verify in certain locations as required by law.