Assistant Manager, Upstream Finance

Petroleum Sarawak; Kuching; On-site; MYR 220,000 - 360,000; Full time

Benefits offered by this job

Competitive compensation and benefits

Professional development opportunities

Global organization exposure

Transformative projects in Sarawak

Job summary

PETROS in Malaysia seeks a senior finance professional to drive financial analysis across upstream JV activities and supporting projects. You will align financial planning with company objectives, monitor cost performance, and ensure compliance with PSCs and JOAs in a non-operating partner capacity.

The role requires strong IFRS knowledge, 10+ years in accounting, and proven ability to deliver value through audits, insights, and cross-functional collaboration in a dynamic energy environment.

Job description

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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 the Sustainable 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.