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A leading energy company in Johor is seeking a Finance Executive to manage financial reporting and corporate finance activities. The role involves substantial responsibilities in budgeting, tax planning, and compliance with statutory requirements. A Bachelor’s Degree in Accounting and a minimum of 5 years of relevant experience are required. This position offers opportunities to contribute to strategic financial management and the overall success of the organization.
Executes finance activities for PGSSB, in alignment with PGSSB’s strategy, policies, standards, and objectives. Ensure accurate and timely financial reporting to assist management in decision making and timely submission of returns/ documents/ correspondences to regulatory bodies. Supports PGSSB financial standing by ensuring collection from customers and payment to suppliers are made timely and effective management of cash.
KEY ACCOUNTABILITIES
1. Finance
FINANCIAL AND MANAGEMENT ACCOUNTING & REPORTING
Drive and perform monthly closing activities ensuring accurate and timely production of PGSSB Financial Statement
Strategize and lead the process of preparing the Monthly Performance Report and Audited Financial Statement for PGSSB for endorsement/approval by Management, Board of Directors and Shareholders.
Synthesize and provide insights on the performance highlights, projections and analysis (against Plans and Budget, prior periods and benchmarks)
PLANNING & BUDGETING
Strategize and lead the process of developing PGSSB corporate strategies, long term objectives and initiatives
Prepare Plans and Budget for PGSSB ensuring alignment with strategic business direction, accurate, complete and complied to applicable standards.
Facilitate review and challenging session with management before presentation to the Board of Directors for approval.
Custodian and advice for budget transfers and supplementary budget process
PLANT ACCOUNTING & PRODUCT COSTING
Determine, review and finalise Unit Product Costing (UPC) and Plant Cost Efficiency Analysis by developing appropriate cost allocation rule through understanding of plant operating mode and trending analysis
FINANCIAL SERVICES & TREASURY
Strategize and lead the overall efficiency of Accounts Payable, Account Receivable & Petty Cash to ensure compliance with statutory requirements and PGSSB policies and procedures
Strategize and lead an effective cash management process including cash flow forecast, forex & hedging strategy for optimum utilisation of financial resources through managing & monitoring the working capital to maximise return to PGSSB
Review debt management related matters with regards to payment of principal, & interest ensuring compliance to loan agreements
CORPORATE FINANCE
Formulate strategy on funding requirement, optimal capital structure
Develop and maintain Corporate Financial Policy
Develop dividend plan
TAX
Strategize and provide effective tax planning to ensure PGSSB can benefit from any tax activities PGSSB eligible to
Prepare Tax estimates, Corporate Tax, & Indirect Taxes Returns and ensure submission to Inland Revenue Board and relevant regulatory bodies are timely and accurate
INSURANCE
Review and ensure adequate insurance coverage for PGSSB
Facilitate insurance claims and discussion between Insurance Companies or Adjusters with asset owners or users
COMPLIANCE & GOVERNANCE
Drive development and implementation of PGSSB LoA and PGSSB Finance work processes and procedures in consultation with key PGSSB stakeholders
Administer new application of SAP ECC6
Develop and implement Annual Compliance Review to ensure compliance to LoA, Work Process and Procedures and System Control.
Provides visible leadership and promotes PGSSB HSSE culture.
Promotes a culture of openness, willingness to contribute, mutual learning, continuous improvement and innovation to achieve PGSSB operational goals.
Is accountable for the performance of the ASU RAPID finance function, including meeting related operational cost base targets.
3. Mindset, Behaviour and Culture
Promotes distinctive mindset, behaviour and culture to achieve high work
performance by adoption and implementation of value interventions, tools and methodologies. Promotes and instills a high sense of commitment, ownership, integrity and loyalty that will contribute to PGSSB operational excellence.
KEY INTERFACES
PGSSB Commercial
PGSSB Supply Chain
PGSSB Operation
Customers
REQUIRED QUALIFICATIONS, EXPERIENCE, SKILLS & BEHAVIOURS
Bachelor’s Degree in Accounting or related discipline
Minimum 5 years of experience in finance processes covering financial reporting and finance operations
SKILLS
SAP modules
FICO, MM, SRM
Results focused
Contract management
Professional
Flexibility
CRITICAL BEHAVIOURS
Analytical and problem-solving skill
able communication
Your application will include the following questions:
Pengerang Gas Solutions Sdn Bhd (PGSSB) was incorporated on 10 August 2016. As a joint venture company of Petronas Gas Berhad (PGB) And Linde Malaysia Sdn Bhd (LINDE). PGSSB’s principal activity is to build, own and operate air separation unit ("ASU") for the supply of Gaseous Oxygen, Gaseous Nitrogen, Liquefied Nitrogen And Liquid Oxygen (collectively referred as Industrial Gases).