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  • Job reference: RMS0092303

Senior Accounting and Financial Reporting - Thai

  • Sector: Commercial
  • Location: Thailand
  • Job type: Permanent
  • Date posted: 04/10/2011
  • Time left:
    d h m s
    (05/10/11)
This vacancy has now expired.
The Role:
KEY ACCOUNTABILITIES:

Financial Statements

Assisting in preparing the financial statements for instance Profit and Loss, Balance Sheet for a specific area of finance activity to ensure that accurate and timely information in line with Thai Accounting standards is provided to management for decision-making

Reconciliation of accounting entries

Reconcile all accounting entries namely pre-payments and expenses against the approved budgets and highlight significant deviations for corrective action or authorisation of write-off to ensure accurate disbursement and accounting of all petty cash transactions.

Management Accounting

Assist in preparing management reports in line with internal company standards – analytical and forecast to provide management in decision making in order to ensure accurate and timely financial information is provided and meet the organizations information requirements to promote effective decision making
Reconcile financial data according to stated schedules so that the company remains aware of its financial position on an ongoing basis and statutory reports can be produced within internal and legislative time limits.

Statement of Expenditure to Department of Mineral and Fuel

Prepare the statement of expenditure for Department of Mineral and Fuel in order to comply with statutory regulations.

Tax

Prepare the corporate tax provisions in order to comply with the Thai Tax regulations to organise working capital.

Home Office Overhead Allocation

Compute the HOO allocation and prepare the invoice for HOO allocation in order to comply with the Joint Operating Agreement.

Joint Interest Billing (JIB)

Prepare the JIB (statement of expenditure) of the Joint Venture Partners at the operational level in order to inform each partner of expenses at the concession level.
Prepare the cash call to request the partner for contribution to the Joint Venture.

Fixed Asset Register

Review all new assets or delete obsolete assets (at the end of the depreciation period) in the fixed asset register to ensure accurate records of the assets on books.
Review the proportionate allocation in amount of fixed assets to be depreciated to ensure that the asset depreciation has been posted accurately by the system in line with the depreciation schedule.

Pre-payment Amortisation

Review depreciation calculation of tangible and intangible assets (licenses) in order to book them as expenses and monitor insurance expense versus the estimated insurance amount from the Drilling department.

Adjusting Transactions

Prepare a journal voucher for adjustment of any errors in recording transactions made by other non accounting departments
Ensure all transactions are posted accurately in a timely manner in accordance to the company to make information available at all times.

Auditors

Provide information as requested to external auditors, JV Partner Auditors and External Auditors
Ensure the conformity of data so that it meets the requirements of external auditors to ensure that any queries are answered in a prompt and efficient manner and provide adequate supporting documents as requested.
Liaise and provide external auditors with relevant financial information and finalise financial statements to facilitate timely submission and completion of external audits.

Accrued Expenses

Verify that all expenses in the accounting period which have not been invoiced are recorded as accrued expenses on the books.

Essential Skills / Qualifications:
Knowledge, SKILLS & EXPERIENCE:

Knowledge:

University Bachelor degree in Accounting and / or finance with a good knowledge of accounting procedures, protocols and guidelines. Knowledge of the Oil and Gas environment (E&P industry)

Experience:

3-5 years of direct experience in the Oil and Gas accounting field (E&P industry)

Skills:

Planning and organising skills
Strong analytical skills
MS Office especially MS Excel and application accounting software
Attention to detail
Communications skills in English
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