Senior Accountant

Company: Sarawak Energy Berhad (8000); Sarawak; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading energy provider is seeking a seasoned financial accountant in Sarawak to manage financial reporting for fixed assets and inventories. The ideal candidate will possess a recognized degree in Accountancy, have 6-8 years of relevant experience, and be a member of the Malaysian Institute of Accountants. Responsibilities include ensuring compliance with accounting standards, reviewing financial reports, and co-ordinating with auditors. Strong knowledge of Malaysian Financial Reporting Standards and SAP systems are essential. Internal candidates will be prioritized.

Qualifications

• Minimum of 6-8 years of experience in accounting and reporting functions.
• In-depth knowledge of Malaysian Financial Reporting Standards.
• Strong analytical skills to manage complex information.

Responsibilities

• Ensure compliance with Malaysian Financial Reporting Standards.
• Review financial accounting and reporting for fixed assets and inventories.
• Co-ordinate with auditors and ensure compliance requirements are met.

Skills

Knowledge of Malaysian Financial Reporting Standards

Strong accounting knowledge

Knowledge of Income Tax Act 1967

Experience with SAP Modules (BPC, PS, PM, MM, FICO)

Analytical skills

Communication and presentation skills

Customer relationship management

Education

Recognised Degree in Accountancy

Membership in Malaysian Institute of Accountants

Tools

SAP Business Planning and Consolidation

SAP Financial Accounting & Controlling Module (FICO)

Job description

Location: Malaysia (MY), Sarawak Energy (SEB)
Company: Sarawak Energy Berhad (8000), Finance (50034013), Financial Planning (50034248), Financial Accounting (50035047)
Number of Openings: 2
Job Category: Contract
Closing Date: 28 December 2025

KEY ACCOUNTABILITIES

• In-depth financial accounting and reporting – Fixed Assets & Inventories:
  • Ensure the Capital Works, Capital Contribution, Fixed Assets and Inventory (CCFI) in financial reporting system of Syarikat SESCO Berhad ("SESCO") and prepare CCFI section in audited financial statements are in compliance with the Malaysian Financial Reporting Standards ("MFRS"), Companies Act 2016 and the relevant requirements of statutory bodies.
  • Review monthly respective CCFI related reports to monitor the balances, completeness and accuracy of Capital Works, Capital Contribution, Fixed Assets and Inventories of SESCO.
  • Ensure month and year end SAP closing for CCFI within group reporting deadline.
  • Review capitalisation of completed Capital Work-In-Progress into proper asset class of Fixed Assets such as Building, Right-of-Use, Grant, Transmission, Distribution etc. performed by Senior Accounts Assistant for its completeness and accuracy.
  • Lead the team for Assets Disposal & Write-off.
  • Review reconciliation prepared by Senior Accounts Assistant for the Capital Contribution operation captured by Distribution in SAP, proper charging of related expenses, source of funding and ensure correct listing for tax purpose.
  • Review the proper capturing of cost in the WBS and analyse the execution of WBS by comparing scheme, annual budget and actual cost incurred.
  • Review WBS aging to identify any abandoned projects and block WBS when necessary.
  • Review and monitor the accrual for capex.
  • Review vendor reconciliation prepared by Accounts Payable during the month-end closing process.
  • Review the inventories of each region and station balances, listing, aging and discrepancy.
  • Review the provision for slow moving stock.
  • Schedule and co-ordinate for cycle and year end stock take with proper reporting and control issue.
  • Review reconciliations between stock take and GL balances.
• Support on PPE related adjustments, PPE disclosures and tax computations.
• Recommend Enterprise Resource Planning ("ERP") especially on CCFI systems implementation and upgrading.
• Co-ordinate with independent auditors and internal tax department (Corporate Tax and Planning Team) by ensuring all audit/tax issues of SESCO are resolved and compliance requirements are met.
• Provide coaching and knowledge sharing with other team members.
• Involve in commercial evaluation and attending tender evaluation meeting and preparation of financial viability report as and when required.
• Carry out such other assignment and duties as instructed by the Head of Department/Division from time to time.

SPECIAL ASPECTS/MAJOR CHALLENGES OF THE JOB

• Ensure financial and management reports comply with accounting standards and legislation.
• Able to work under fast-paced environment and tight reporting deadlines while managing other ad-hoc tasks.
• Always be alert and aware of the changes in the reporting requirements as to comply with the Malaysian Financial Reporting Standards, Income Tax Act 1967 as well as the Companies Act 2016 in Malaysia.

QUALIFICATION WORK EXPERIENCE

• Recognised Degree in Accountancy or an equivalent professional qualification.
• Minimum of 6-8 years related working experience in accounting and reporting functions.
• Member of Malaysian Institute of Accountants (MIA) or equivalent.

SKILLS

• In-depth knowledge with Malaysian Financial Reporting Standards, International Financial Reporting Standards and the requirements of the Companies Act 2016 in Malaysia.
• Strong accounting knowledge.
• Knowledgeable with Income Tax Act 1967 in Malaysia, tax rulings and business laws.
• Knowledgeable with SAP Business, Planning and Consolidation (BPC), SAP Project System Module (PS), SAP Plant Maintenance Module (PM), SAP Material Management Module (MM), SAP Financial Accounting & Controlling Module (FICO) and ISUCCS Module.
• Experience in energy and utilities industry and good understanding of operations of SESCO.
• Strong knowledge in best practice for business, industry and work processes.
• Strong communication and presentation skills (written and verbal) and skill in Microsoft Office application programs.
• Strong analytical skills to cut through complexity.
• Internal and external customer relationship management.

LEADERSHIP COMPETENCIES

• Develop personal adaptability.
• Cultivate learning agility.
• Demonstrate integrity.
• Leverage networks.
• Build effective working relationships with others and makes a constructive contribution within their immediate team and provide support and guidance to other team members to ensure delivery of results.
• Inspire engagement - value differences.
• Customer & stakeholder focus.

Preference will be given to internal candidate.