Cost Allocation Accountant
Omega 365 Consulting is a leading supplier of highly skilled project personnel in the oil and gas, renewable energy, and infrastructure sectors. We offer a wide range of consultant assignments, featuring many of the most exciting projects in Norway and internationally.
Details
Duration: 26.10.2026 - 31.10.2027
Location: Stavanger
Assignment Description
Client is seeking an experienced consultant to join the Financial Accounting & Integrated Reporting department as a Cost Allocation Accountant.
The role will be responsible for the monthly allocation of Manhour and Overhead (M&O) costs, maintenance of allocation models in SAP, related accounting and reconciliation activities, and preparation for Aker BP’s Overhead Audit. The role will also support other activities and responsibilities within the Corporate Accounting team.
The position is based in Stavanger and requires close collaboration with stakeholders across Finance and other relevant business functions.
Maintain and update allocation models for Manhour and Overhead (M&O) costs in SAP, including monthly allocation keys
Perform the monthly M&O allocation process
Record monthly charges and accruals related to M&O costs, ensuring timely and accurate financial reporting
Reconcile balance sheet accounts related to payroll, M&O costs, and prepayments
Prepare and issue recharge invoices to relevant internal and external stakeholders
Maintain master data related to M&O processes, including the creation and maintenance of cost centers and cost objects used for time registration and allocations
Analyze costs charged to the M&O allocation pool and assess compliance with applicable Joint Operating Agreements and NOG30 requirements
Prepare documentation for and participate in Aker BP’s Overhead Audit
Perform financial analyses and support the execution and documentation of internal controls
Identify opportunities to improve, standardize, and digitalize accounting and allocation processes
Support other Corporate Accounting activities and ad hoc assignments as required
Qualifications
Bachelor’s or Master’s degree in accounting, finance, or a related field
Strong understanding of accounting principles, balance sheet reconciliations, accruals, and cost allocation
Proficiency in Microsoft Excel
Fluency in Norwegian and English, both written and verbal
Minimum five years of relevant accounting experience
Experience with SAP S/4HANA and a good understanding of relevant SAP modules and system interfaces
Experience with payroll accounting and related balance sheet reconciliations is an advantage
Personal Skills:
Strong analytical and problem-solving abilities
Highly organized, accurate, and detail-oriented
Proactive in identifying improvements, including digitalization/AI tools
Effective communicator and collaborative team player with the ability to work cross-functionally
Flexible and adaptable to dynamic work situations
Join Omega 365 Consulting for:
Personalized, hands-on support from our dedicated Omega 365 team members
Collaboration with one of Norway's most prestigious consultant firms
Guidance from experienced department managers, facilitating the development of your project expertise
Internal visa assistance and expert advice for EEA/expat consultants
Excellent opportunities to expand your professional network through project involvement and social gatherings
Exclusive benefits including access to holiday houses and cabins in picturesque locations such as Hovden, Hemsedal, Geilo, Hafjell, Oppdal, Voss, Vågsli, Sirdal, Gran Canaria, and Thailand
Diverse offerings of events including concerts and exciting excursion, both in Norway and abroad. We unveil attractive new trips exclusively for our employees every year.
Explore further at: https://omega365.com/advantage