HVR Analyst

Key Skills

Java Programming, Python Programming, C++, C Programming, SQL, Cloud computing, Scala Programming, Machine learning techniques, Data science techniques, MATLAB Programming, PyTorch, TensorFlow, R Programming

Job Description

As part of Finance, HVR (Hydrocarbon Value Realization) is accountable for the determination and reporting of hydrocarbon entitlements from point of production to final point of sales in accordance with JV (Joint Venture) and Shipper agreements, laws and regulatory obligations. The delivery of HVR is a critical component of generating and protecting value for bp.

The Central HVR Accountant role will support a number of North Sea assets on a day-to-day basis with the execution of commercial hydrocarbon reporting and entitlements processes. In addition, the role supports the wider central HVR team working on value-add projects across P&O such as commercial agreement changes and development and supporting HVR activity in other regions. The role will report into the HVR Central Manager working within a centralized team of Hydrocarbon Accountants.

Hydrocarbon Accountant

At bp, we’re committed to providing the energy that fuels growth and supports the Net Zero ambition. These are big, sophisticated challenges so it’s important that we unlock the full potential of our workforce.
We’re a diverse team of engineers, scientists, traders and business professionals determined to find answers to problems that must be solved. But we know we can’t do it alone. We’re looking for people who share our passion for reinvention to bring a new point of view, collaborative spirit, and to challenge our thinking in our ambition to achieve net zero!

As part of Finance, HVR (Hydrocarbon Value Realization) is accountable for the determination and reporting of hydrocarbon entitlements from point of production to final point of sales in accordance with JV (Joint Venture) and Shipper agreements, laws and regulatory obligations. The delivery of HVR is a critical component of generating and protecting value for bp.

The Central HVR Accountant role will support a number of North Sea assets on a day-to-day basis with the execution of commercial hydrocarbon reporting and entitlements processes. In addition, the role supports the wider central HVR team working on value-add projects across P&O such as commercial agreement changes and development and supporting HVR activity in other regions. The role will report into the HVR Central Manager working within a centralized team of Hydrocarbon Accountants.

The role will collaborate closely directly with multiple parties, external and internal including cross function (Tax, Reservoir Development, Production and Operations and Trading & Shipping). The role will also support Finance Managers with external JV meetings / reporting and data or analysis as the need arises for negotiations.
The role offers an exciting position for a candidate who is seeking to expand their skills with the future potential for a wider commercial role including understanding the full value chain from production to final sales point, as well as opportunities to drive business value through centralization and digitalization.

Key Accountabilities:

• Develop expertise on commercial agreements (HVR entitlements) for designated assets.
• Handle day to day entitlement calculations in accordance with commercial agreements and compliance processes.
• Collaborate closely and establish relationships with production and operations; accounting reporting and control; trading and shipping to ensure robust execution of procedures.
• Support asset designated Hydrocarbon Accountants with overall execution of HVR obligations.
• Ensure accurate and timely compliance with group, regulatory and commercial obligations
• Resolve hydrocarbon accounting issues, support commercial optimisation of base and commercial operations activities.
• Provide entitlement data and rules for cross Function business decisions.
• Support standardization, centralisation, and digitization agenda within HVR.

Essential Education:

• Degree level education in STEM or commercial subjects, or equivalent proven experience.

Essential Experience and Job Requirements:

• Strong analytical and problem-solving skills
• Able to engage optimally as part of a team, absorbing new areas quickly and comfortable working autonomously, sometimes under high-paced work environment
• Able to communicate and coordinate across a broad spectrum of technical and non-technical work groups
• Interpret and analyse data with the ability to draw out insights

Desirable Criteria:

• Previous HVR or allocation experience (either within finance or other functions).
• Previous finance, commercial and/or accounting experience.
• Experience with quality banks and lab analytics.
• Experience of data science.