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  • Job reference: RMS0187122

Executive Accountant

  • Sector: Automotive
  • Location: Azerbaijan
  • Job type: Permanent
  • Date posted: 27/11/2017
  • Duration: 1 year
  • Time left:
    d h m s

The Role:

1) Corporate Plan and Budget (CPB)

Lead & drive the development of PASD and PSC strategic business plan & implementation of business performance review to ensure alignment to PETRONAS' Corporate Agenda. Benchmark the Company's financial performance & position against the industry to be at par with global standards. Manage financial records to ensure completeness, consistency and accuracy with IFRS, UAC, GAPP, policies & procedures and work instruction in place. Enforce the compliance of project and asset accounting policies, and conduct thorough review and tracking of project status, inventorisation, physical asset verification and write-off process to ensure that all Capex and Fixed Assets are accounted for in PASD operations.
* Timeliness and completeness of submission
* As per requirement

2) Financial Reporting & Performance

Review and validate the establishment and implementation of financial reporting and financial performance review monitoring to PASD Management to facilitate management deliberation in managing the petroleum resources to maximize cost recovery. Implement, review and enhance the accounting procedures, processes, and systems in the areas of financial accounting and tax management to ensure compliance with PETRONAS/PICL, Azerbaijan, Luxembourg and Malaysian laws & regulations and to be consistent with the practice and process efficiency required in the organization.
* Number of audit issues
* Integrity of data - number of errors

3) Oil and Gas Amortisations Calculation

Prepare the monthly amortisation calculation for all Oil & Gas properties & provide explanation for the variance between actual & budget for management reporting and discuss with Upstream technical personnel for any revision in the Reserves calculation that will impact on the amortisation amount & rate so as to ensure proper presentation of the Company's asset value at the reporting period.

* Number of audit issues
* Integrity of data - number of errors

4) Budgetary control systems

Develop and maintained an effective budgetary control system to enable management and end users to manage budget utilization through reviews and validation of operator's budget utilization, management of budget transfers, expenditure tracking mechanism, advice on expenditure items and proactively address discrepancies to minimize cost overrun.
* Value Creation (cost savings/optimisation)
* Budget utilisation

5) Tax

Coordinate and manage the activities of tax computation and tax returns submission in accordance with the timeline and requirement set forth by the host government tax authority, and to appropriately furnish on the interpretation of tax legislation and other tax regulations/rulings, to ensure compliance and integrity of the tax returns to safeguard PASD interests.
* Compliance
* Accuracy of WHT and other indirect taxes captured for the operation
* Timeliness

6) Financial Compliance & Audit

Coordinate and consolidate annual audit activities pertaining to the statutory audit of PASD and PSC in accordance with statutory requirements and stipulated schedules and ensure that the compliance to Malaysian and International Financial Reporting Standards (M/IFRS) as well as Luxembourg law and regulation and other relevant internal requirements are incorporated in the reporting of financial statements through providing guidance and interventions in resolving issues to produce financial reports for submission to ensure PASD and PSC interest are protected. Ensure that the yearly statutory audit exercise conducted by the independent external auditors are in compliance with the MFRS and GAPP requirements and to expedite resolution of all audit findings to ensure compliance to financial and statutory requirements of PASD and PSC investments.

* Number of audit issues
* Integrity of data - number of errors
* Timeliness of processing and reporting - as per deadline

7) Financial Advisory

Provide advice and guidance on commercial, financial and management accounting matters pertaining to the statutory requirements of Azerbaijan, Luxembourg and the commercial/operations requirement of the organization in accordance with PASD requirements and the terms of such SDPSA/JOA as to safeguard PASD interests. Provide advice on adoption of best practices and good governance implemented within PASD and operators as well as imparting knowledge attained from audit of operators operations to PASD for continuous value enhancement.

* No of recommendations accepted.
* No of issues closed
* As per requirement

8) Process Improvement

Evaluate, review and lead the enhancement of accounting procedures, processes and systems in the area of preparation of financial reporting to continuously improve operations efficiency and quality of management decision making.

* No of enhancement implemented
* Efficiency

Essential Skills / Qualifications:
* Degree in accounting or finance with professional accounting qualification (CPA, ACCA, CA, CIMA or equivalent)
* At least 8-10 years related working experience in upstream oil and gas operations
* Knowledge / Experience in SAP system will be advantage

About Fircroft:
Fircroft has been placing people in specialist technical industries for approaching half a century, focusing on mid to senior level engineers for contract and permanent roles worldwide. By applying for this job you give consent for Fircroft to contact you, via email & telephone, to discuss your application along with future positions and Fircroft's services.

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