Assistant Manager, Upstream Finance

PETROS; Kuching; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Competitive compensation

Professional development

Career advancement

Global exposure

Job summary

PETROS in Malaysia seeks an experienced finance professional to drive financial analysis across upstream JV operations and key projects. You will align planning and performance with company objectives in the oil and gas sector.

Responsibilities include monitoring JV cost performance, reviewing QAA and WP&B, ensuring PSC/JOA compliance, delivering insights for value creation, and leading JV audits with stakeholders.

Qualifications

• Bachelor’s degree in accounting with professional qualification (MIA/ACCA/CPA/CA).
• 10 years of accounting experience, upstream knowledge advantageous.
• Strong IFRS knowledge and regulatory compliance.

Responsibilities

• Provide financial support for upstream operations by monitoring JV cost performance and reviewing partner billings.
• Deliver value-added financial insights to enhance PSC assets’ economic value.
• Lead JV audits and prepare reports with clear findings and recommendations.
• Monitor P&L and Free Cash Flow for assigned PSCs and advise management.
• Engage with internal/external stakeholders to ensure transparent financial communication.
• Assist ERP improvements (e.g., SAP) to strengthen controls and reporting.

Skills

Financial analysis

IFRS knowledge

JV audits

ERP systems

Cost recovery

Communication skills

Education

Bachelor's Degree in Accounting

Professional qualification (MIA/ACCA/CPA/CA)

Tools

SAP

Job description

At PETROS, we aim to achieve sustainable development for Sarawak and the nation through responsible resource management. We embarked on this journey with a purpose: Harnessing Resources for theSustainable Progress of Sarawak and Beyond. Through innovation, collaboration and a forward-thinking approach, PETROS aims to pioneer solutions that pave the way for a more sustainable and equitable energy future.

Position Overview:

This role is responsible for driving financial analysis and delivering strategic insights across upstream business segments, including joint ventures and key projects. It supports informed decision-making by aligning financial planning and performance with the company’s objectives within the oil and gas sector.

Key Responsibilities:

• Provide financial support for NOV upstream operations by monitoring JV cost performance, validating partner billings, and assessing the fair and equitable of shareable costs (e.g. review cost allocations, revenue sharing and cost recovery). Review the Quarterly Audited Accounts (QAA) as well as Annual Work Program and Budget (WP&B) prepared by operators. Ensure operators’ compliance with Production Sharing Contracts (PSC), Joint Operating Agreements (JOA), and other applicable agreements, while collaborating with stakeholders to support sound decision-making and uphold strong financial governance in a non-operating partner capacity.
• Deliver value-added financial insights and contribute towards enhancing the overall economic value of PSC assets.
• Execute Joint Venture (JV) audits in accordance to JOA with minimal supervision with the ability to lead JV audits preferable, including liaise effectively with operators and JV partners, prepare clear audit reports with findings and practical recommendations,
• Support Head Upstream Finance in monitoring of Profit & Loss (P&L) and Free Cash Flow (FCF) for the assigned PSCs in-charge, proactively providing timely insights and recommendations and to management to support informed decision-making and achievement of financial targets.
• Engage with internal and external stakeholders—including technical teams, auditors, and JV partners—to ensure transparent financial communication and alignment on key initiatives.
• Support finance process improvements by assisting in ERP system enhancements (e.g., SAP modules), strengthening internal controls, and promoting automation to streamline accounting workflows, improve reporting accuracy, and drive operational excellence.

Qualifications and Experience:

• Bachelor’s Degree in Accounting, with relevant accounting professional qualification (e.g. MIA, ACCA, CPA, CA).
• Minimum 10 years of experience in accounting field and sound knowledge of Malaysia upstream-specific reporting (e.g. PSCs, R/C cost recovery terms) will be an added advantage.
• Good command of financial reporting standards (e.g. IFRS) and regulatory compliance.
• Critical thinker & problem solver with a keen eye for financial details.
• A results-driven, detail-oriented professional who meets deadlines with accuracy.
• Excellent communication skills with strong interpersonal skills.
• Team player with the ability to collaborate across various functions.
• Proactive, committed, adaptable and ready to embrace challenges.

What We Offer:

• A dynamic and inclusive work environment that fosters growth and innovation.
• Competitive compensation and benefits package.
• Opportunities for professional development and career advancement within a global organization.
• The chance to be part of transformative projects that impact Sarawak and beyond.

Unlock job insights

Hirer responsiveness Salary match Number of applicants

Petroleum Sarawak Berhad – PETROS, is an integrated player throughout the oil and natural gas value chain, we are committed to harnessing our resources for the sustainable progress of Sarawak. We will leverage our lean and rapidly growing team to deliver on our value creation strategy and footprint ambitions. Core to the way we build our business – Safety is priority #1, ethical business practices and sustainable, responsible growth.

Petroleum Sarawak Berhad – PETROS, is an integrated player throughout the oil and natural gas value chain, we are committed to harnessing our resources for the sustainable progress of Sarawak. We will leverage our lean and rapidly growing team to deliver on our value creation strategy and footprint ambitions. Core to the way we build our business – Safety is priority #1, ethical business practices and sustainable, responsible growth.

Please visit our corporate website www.petroleumsarawak.com for any vacancies.

Petroleum Sarawak Berhad – PETROS, is an integrated player throughout the oil and natural gas value chain, we are committed to harnessing our resources for the sustainable progress of Sarawak. We will leverage our lean and rapidly growing team to deliver on our value creation strategy and footprint ambitions. Core to the way we build our business – Safety is priority #1, ethical business practices and sustainable, responsible growth.

Please visit our corporate website www.petroleumsarawak.com for any vacancies.