Financial Accountant

Financial Accountant

Posted On: January 14, 2025
Location: Kuala Lumpur
Job Function: Finance & Accounting
Employment Type: Permanent

JOB SUMMARY:

• Key financial support to UK Joint Operating Company (“JOC”). JOC’s finance function is partly supported out of Hibiscus’ KL office. The role performs a significant part of the accounting job scope. JOC’s shareholders are Hibiscus Group and DNEX.
• Acts as UK financial support for Hibiscus Group.
• Ensure all related deadlines are met and scope are complete.

DUTIES AND RESPONSIBILITIES

• JOC financial support:
  • Responsible for the timely preparation of accurate financial reports with the information provided by JOC’s Finance Manager
  • Ensure accurate allocation for costs incurred to respective shareholders
  • Coordinator for obtaining Hibiscus’ authorised signatory approval for payments
  • Liaison with UK bank regarding all banking matters.
  • Provide support for the preparation of short-term cashflow forecasts (on a monthly basis).
  • Annual true up reconciliation for costs charged by service providers to ensure accuracy of costs allocated to respective shareholders
  • Handles queries from JOC’s shareholders
  • Furnish relevant information as requested by shareholders
  • Perform work that complies with Joint Operation Agreement
  • Other ad-hoc duties as prescribed by JOC’s Finance Manager
• UK financial support for Hibiscus Group:
  • Billing of crude oil and gas sales upon approval from respective shareholders
  • To liaise with the clients for pricing details and components.
  • Short-term cashflow forecasts (on a monthly basis).
  • Review draft cashcall issued by JOC.
  • Liaise with external auditors with regards to JOC matters
  • Involve in assessing work program and budget from JOC
  • Provide information as requested for Hibiscus’ reporting purpose
  • Work closely with Hibiscus’ finance team members that handle UK financial reporting, to ensure proper flow of information and highlight key risk areas (if any).
  • Other ad-hoc duties as prescribed by Chief Financial Officer and/or Finance Manager and to assist in achieving Finance Department’s objectives

HSE RESPONSIBILITIES

• Responsibility for his/her own health and safety and that of other persons affected by his/her activities;
• Supporting the implementation of the HPB HSE Objectives and Action Improvement plans;
• Support & participate in HSE Audits;
• Report hazards, incidents and near misses in his/her place of work;
• Identify areas for continuous improvement;
• Participate as requested in Office Safety Meetings & workplace inspections; and
• Actively involved in office Emergency Response drills.

REQUIREMENTS AND QUALIFICATIONS

• Possess at least Degree in Accounting/Finance, CPA, ACCA, or relevant qualification
• Minimum five (5) years of relevant working experience in auditing and/or accounting with at least three (3) years’ working experience in auditing
• Well versed with MFRS/IFRS accounting and statutory financial statements requirements
• Possess strong organizational capabilities
• Able to work under pressure and tight deadlines
• Proficient in English
• Knowledge of SUN system and experience in the oil and gas industry are preferred
• Advantageous if possess experience in JV accounting.