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  • Job reference: RMS0215948

GM, Project Accounting

  • Sector: Oil & Gas
  • Location: Selangor
  • Job type: Permanent
  • Date posted: 29/08/2019
  • Duration: permanent
  • Time left:
    d h m s
    (10/10/19)
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The Role:
Leading a team that is responsible for;

* Completing the project accounting and project reporting process for their portfolio of projects
* Providing insightful monthly analysis and reporting on the performance against budget and forecasts in accordance to accounting periods (monthly, quarterly, full year)
* Contributing analysis, information and assistance as required by management as part of forecasting process

The Project Accounting team will be responsible for:

* Maintaining project-related records, including contracts and change orders
* Producing monthly cost reports for projects including reporting on project variances of actuals vs budgets
* Maintenance of the ledger integrity for projects (coding/WBS/descriptions)
* Completing month end close for projects which includes, revenue and profit recognition in line with percentage of completion methodology and based on the appropriate foreign exchange rates
* Maintain the project cashflow projections (monthly, quarterly, financial year and full life.
* Execution of tax advice on the various projects, liaising closely with the tax department
* Sales invoicing and debtor management including billed and unbilled progress reporting
* Check monthly costing sheets and accuracy of monthly project accruals
* Check reasonableness of expenses allocation by projects
* Maintain and ensure the integrity of intercompany billing to projects maintenance of balance sheet components specific to projects (accruals, unbilled and etc)
* Responsible for weekly/monthly updates on potential losses and adequacy of project accruals etc.
* Perform reconciliation between actual costs to costing model to ensure cost are properly recognised
* Check final project accruals with cost controller and make necessary adjustment in accounts
* Analyse project variances and submit profitability reports to management
* Ad-hoc tasks as assigned.

The Company:
Our client is a leading global integrated oil and gas services and solutions provider operating across the entire upstream value chain. As a fully-fledged upstream player, the Group's spectrum of capabilities cover the exploration, development, production, rejuvenation, as well as decommissioning and abandonment stages of the value chain.
With a highly skilled and technically capable multinational workforce, strategic world-class assets, and strong project management capabilities, the Group today has a global presence in over 20 countries. This includes Malaysia, China, Australia, Brazil, the United States of America, as well as those in Western Africa and the Middle East.



Essential Skills / Qualifications:
Chartered Accountant (ICAEW, ACCA, ACA, CPA) is compulsory.
10 years experiences overall in O&G industry, with 5 years experience in oil & gas upstream project accounting or cost controls or similar capacity.

Desirable Skills / Qualifications:
* MS. Office (Excel, Words)
* SAP Accounting System
* International tax
* Construction contracts
* Oil & Gas contracts

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.

Fircroft is registered as a Data Controller with the Information Commissioner as required under the General Data Protection Regulation 2016/679. Fircroft will only process your personal data for the specific purposes of managing your application.



Fircroft Tanjung Sdn Bhd (Co. Reg. No: 1103286-X)

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