Assistant Finance Manager (Oil and Gas Industry)

Assistant Finance Manager (Oil and Gas Industry)

Experienced Hire Recruiter @ EY | Engineering, Recruitment

Join a team that understands what businesses need to have access, visibility, and control. Our market-leading approach combines extensive local compliance and accounting experience with a standard global compliance process and tools to help you execute your job.

The opportunity

You’ll have the unique opportunity to work with some of the largest clients in Malaysia and MNCs from a finance perspective covering ANY or a COMBINATION of the following functions:

• Management Report and Budgeting
• Treasury Operation Services
• Data Management/ Project Migration

You will be part of a dynamic new business with many opportunities to enhance both your skills, career development and experiences. You will also have the opportunity to learn from other high performing individuals within the EY team as well as benefit from leading edge training and materials to help in your development.

MANAGEMENT REPORTING AND BUDGETING/ FINANCIAL PLANNING:

• Prepare annual budgeted financial statements including financial analysis, inputs and insights for strategic exchange and resource allocation activities.
• Prepare baseline reporting package comprising financial data and analysis, presentation slides and papers for deliberation at various management level and board (Baseline reporting including Actual vs Actual, Actual vs Budget, Year End Projection (YEP) vs Budget on periodic basis).
• Product Costing - execute and facilitate the preparation of the company’s product costing by developing and maintaining standard product costs, developing product costing model, ensuring timely and accurate recognition of cost as well as undertaking the analytical review of the Company’s cost through periodical cost analysis and financial performance reports, highlighting the critical factors affecting the performance of the Company and recommending solutions to optimise Company’s resources and maximize value. Review and monitor governance and compliance on costs management matters including Authorization For Expenditure (AFE), budget transfer and supplementary requests in accordance to LOA and WPM, to ensure effective cost control and efficient budget utilization.
• Prepare and submit reports, including additional financials information request to relevant government agencies, statutory bodies, JV partners and client’s’ internal stakeholders.
• Coordinate budget transfer exercise including identifying budget availability, submission of approval for budget transfer and update the approved budget transfer.
• Obtain relevant financial data to support supplementary budget request and update the approved supplementary budget.
• Provide advisory services on matters pertaining to management reporting, budgeting exercise, forecasting, budget transfer and supplementary budget.

FINANCIAL ACCOUNTING

Audited Financial Statements - Annual

• Preparation of individual audited financial statements (AFS) based on client’s guidelines and Group proforma.
• To assists in the year-end Group consolidation activities (if any).
• Preparation of audit schedules, and to ensure disclosures in the AFS are presented in accordance with the relevant accounting standards.
• To ensure timely preparation and review of management reports, financial statements and other financial information (including detailed analysis) in accordance with the timeline set by the Group and management.
• To ensure timely submission of financial statements to the related Business Units within the Group.
• To work closely with the auditors in order to finalize the audit and AFS in a timely manner.

Monthly closing and Reporting

• Provision of Record-to-Report (R2R) services for production of financial statements timely and accurately in compliance with applicable accounting standards and regulatory requirements for presentation to stakeholders
• R2R activities includes but are not limited to the followings:
• Posting and review journal entries and account reconciliation, including maintenance of master data of General Ledger and Work Breakdown Structure and maintenance of Chart of Accounts.
• Planning and execution of period end accounts closing and consolidation activities, including resolution of accounting treatment, process and system issues.
• Manage the preparation and finalization of financial statements and other relevant financial reports and analysis as required by stakeholders.
• Manage the preparation and consolidation of Our client’s, Business Units & Group of Subsidiaries’ financial results.
• Preparation of entity and Group year-end audit for finalization and approval by respective Leadership Teams (LT), Board Audit Committees (BAC) and Board of Directors (BOD).
• Prepare review and provide insights and valuable analysis for reporting at the respective subsidiary’s LT, BAC and BOD

Fixed Assets Management, Project Accounting & Insurance

• Perform asset recognition and maintenance of asset recording, accounting, and reporting including capitalization into assets upon completion.
• Perform and coordinate Fixed Assets management, including verification exercise, assets disposal and asset impairment assessment.
• Provide financial inputs on assets to be insured to Insurance Unit, Group Risk Management.

Tax Accounting

• Preparation of monthly income tax provision and deferred tax.
• Provide advisory services on matters pertaining to tax accounting.
• Provide related party transactions data or other relevant financial information for Transfer Pricing documentation.

Cost Management - Monthly

• Provide input for cost management and cost effectiveness analysis.
• Implement cost allocation process.

TREASURY OPERATIONAL SERVICES

Treasury Accounting

Maintain treasury accounting for client’s and OPUs by keeping abreast, plan and implement on any new accounting standards as well as changes to MFRS/IFRS or client’s GAPP, provide advisory for any issues surrounding the accounting treatment for treasury related financial instruments to ensure the accuracy of accounting postings and the results is in compliance with the required accounting standards.

Loans/Borrowings Accounting

Organize and maintain loans/borrowings accounting for client’s and OPUs by keeping abreast, plan and implement on any new accounting standards as well as changes to MFRS/IFRS or client’s GAPP, provide advisory for any issues surrounding the accounting treatment for loans/borrowings to ensure the accuracy of accounting postings and the results is in compliance with the required accounting standards.

Periodic Closing

Coordinate the accounting activities for the purpose of month end and year end closing by effective execution of the overall monthly closing activities and ensure it is adhered to Group timeline for the preparation of financial reports as well as to ensure completeness and accurate maintenance of accounting records are in compliance with client’s GAPP, MFRS/IFRS and any other statutory requirements.

Monthly & Periodic Reporting

Prepare and analyze monthly & periodic movements for fund and other investment items, forex and cash balances by computing the movements, ensuring accurate, comprehensive, meaningful, well analyzed and timely submission of analysis to ensure provision of movement explanation between periods to respective stakeholders, including but not limited to Group Accounts & Reporting, OPUs and Group Tax.

Statutory Audit

Co-ordinate and act as the focal point for Statutory Audit (quarter review, year-end hard close, final audit and IT audit) by monitoring and consolidating any information and act as liaison between the auditor and other department relating to Group Treasury processes to ensure appropriate provision of information to resolve audit requests, timely and proper conduct of audit process which aims to provide reasonable assurance on the reliability of financial statements and adequacy of Group Treasury’s control framework and ensure internal controls over financial reporting are operating effectively and any remediation plans are put in place for any ineffective key controls to increase reliability of data for financial reporting

To qualify for the role, you must have.

• A Bachelor’s degree or professional qualification in Accounting, Management Information System, Information Technology, Finance or equivalent
• Professional accounting qualification (CA, CPA & ACCA) is an added advantage.
• Minimum 8 years of working experience in deep functional finance operations.
• Flexibility to undertake assignments at client’s premise, and open to contractual employment arrangement.
• Experience working in a professional commercial environment or in the Oil & Gas industry (Upstream, New Energy, Downstream)

Ideally, you’ll also have

• Experience in SAP systems.
• Experience in Power BI is an added advantage.
• Proven track record in a leadership position with reporting line, conducted coaching, career conversation, inculcating growth mindset, actively participate in developing employee.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

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