SAP FICO Consultant - Oil & Gas Industry

- The SAP FICO Consultant will design, implement, and support SAP Financial Accounting and Controlling processes tailored for the Oil & Gas sector.

- The role demands a strong grasp of hydrocarbon accounting, joint venture accounting, and integration with upstream/downstream operations.

Key Responsibilities:

- Gather and analyze business requirements, particularly those related to upstream (exploration & production) or downstream (refining & distribution) financial processes.

- Configure and implement SAP FICO modules with Oil & Gas extensions, covering:

- FI: GL, AP, AR, Asset Accounting, Bank Accounting, Special Purpose Ledger

- CO: Cost Center, Internal Orders, Profit Center Accounting, Product Costing, COPA

- Work with Joint Venture Accounting (JVA), Production Sharing Contracts (PSC), and Revenue Accounting (RA).

- Design and support chart of accounts, cost allocations, AFE (Authorization for Expenditure), cost recovery, and intercompany billing frameworks used in the energy sector.

- Ensure compliance with IFRS, US GAAP, O&G fiscal policies, and SOX regulations.

- Collaborate with MM, SD, PM, and PS module consultants to ensure seamless integration.

- Conduct unit testing, integration testing, and support user acceptance testing (UAT).

- Prepare functional specs for enhancements, custom reports, and interfaces (RICEFW).

- Provide training and documentation to finance users and business teams.

- Act as a key advisor during SAP S/4HANA migrations or greenfield implementations in Oil & Gas setups.

Technical Skills Required:

- 5-12 years of SAP FICO experience with at least 2 full-cycle implementations in Oil & Gas

- Deep expertise in Joint Venture Accounting (JVA) and Production Sharing Agreements (PSA)

- Hands-on configuration in New GL, Parallel Ledger, Asset Accounting (AA), and Cost Element Accounting

- Strong understanding of hydrocarbon value chain and accounting impacts (e. , lifting costs, royalties, depreciation models)

- Experience with SAP PRA (Production and Revenue Accounting) or third-party integration

- Working knowledge of S/4HANA Finance, Fiori apps, Central Finance, and BPC is an advantage

- Experience with multi-currency environments, foreign exchange, and taxation (GST/VAT/excise)