Oil & Gas Accountant
Petronas Carigali Iraq Holding B.V
مجموع سنوات الخبرة :13 years, 11 أشهر
Comply with all the financial reporting commitments as per DPSC Contract such the Quarterly/Yearly Garraf DPSC statement to the Host Government and issuance on annual Audited statement.
•Plan, prepare and analyse all reporting to host government and management to ensure accuracy and in accordance with DPSC requirements.
•Plan, prepare and analyse all reporting to JV Partners. Prepare and issue the monthly Cash Call Request and Joint Interest Billing Statement (JIB) to Partner's for collection of their portion of funds and for information on their portion of expenditure for Garraf Operations in accordance with Joint Operation Agreement (JOA) requirements.
•Highlighting any discrepancies to the management and propose mitigation plans to resolve issues with a view to safeguarding PETRONAS Group and Partners interests.
•Monitors expenditures on an ongoing basis, reviewing expenditure details, seeking explanations and providing monthly budget status and other reports to management, including variance analysis
•Prepare the company cash forecast for the company in order to help management with decision making process.
•Communicating with host government representatives and JV Partners in obtaining necessary clarifications on the issue raise and feedbacks.
•Help the team in resolving audit issues in order to maximise cost recovery from the government.
•Focal Person for the Partner Audit.
•Prepare and provide Expenditure Report for preparation of Quarterly Garraf provisional/actual Lifting Invoice to Host Government as DPSC requirements. Respond to the host government queries and to get the invoices approved to proceed with the lifting programme.
•Do the financial evaluation on the shortlisted bidder during contract bidding process.
Supervises the activities of assigned personnel in the Unit. Performs supervisory duties at the level established by management for the position.
•Directs and prepares various financial data and reports for the Company's Management for submission to partners and the Government on the financial performance and status of GPOC. Includes the cash and earning updates, ensuring accuracy of data and prepares trends analysis showing various performance comparisons.
•Responsible for Work Programme & Budget preparation for submission to Host Government.
•Monitors expenditures on an ongoing basis, reviewing expenditure details, seeking explanations and providing monthly budget status and other reports to management, including variance analysis
•Directs and participates in the development and administration of the Company's financial reporting systems for all areas. Includes issuing financial reporting guidelines, providing advice to managers during development process i.e. appropriate forecasts to be used, calculations of exchange and tariff rates, anticipated interest rates, etc.
•Ensures accruals for capital and operating expenditure are accurate and are allocated to the correct accounting period. Seeks explanations for deviations and reports anomalies to supervisor
•Carries out other similar or related duties such as preparing financial statements for the consortium and each partner within the consortium, reviewing and checking company policies from a financial point of view preparing ad hoc reports as required, responding to queries that relates to financial.
•Manage internal and external auditor
Responsible for Work Programme & Budget preparation for submission to Host Government - Malaysian Petroleum Management (MPM)
•Cost Controller for Tembikai Project and ensuring the project utilisation does not exceed approved budget.
•Performed detailed analysis on project cost and provide suggestion on ways to optimise the cost and provide advice in relation to Governance matter.
•Prepared and present the Monthly Management Report for the purpose of decision making by the Management
•Prepared and present the Quarterly Management Report to the Board of Director.
•Coordinate ways to optimise cost recovery and still ensuring following Governance.
•Involve in Financial Evaluation for tender exercise.
•Responsible for Month End Activities such as Accruals, Verify Cost Allocation and Fixed Assets.
•Revenue Accounting on the sales of Oil.
•Involved in stock take activity.
•Focal person during annual audit exercises of independent external auditors. Work closely with other group to make sure the resolution of the issue
Position: Executive, Unitization (Awarded Rating 2 for 2 years in a row)
No. of Years/Months
Month End Closing Activities and Financial Reporting
•Ensure all Accounts, Journal/Adjustment Entry (JE) and post Joint Interest Billing (JIB) reporting package are reviewed and completed according to monthly close schedules.
•Analyze and consolidating the Month End closing reports.
•Assist MA Team to analyze and provide explanation/variance on the FMR with regards to GNA expenditure.
•Provide advisory role in matters pertaining to accounting treatment to internal and external users.
•Prepare, analyze and submit G&A Accruals to Head, FA on monthly basis.
•Perform Cost Allocation process to ensure costs are reflected correctly to the appropriate JV.
•Liaise with internal and external parties to ensure data integrity of the JIB reporting package submitted to SHs.
•Fixed Asset Accounting
•Perform timely reconciliation and analysis between General Ledger vs Fixed Asset Register for submission to Head FA.
•Assist IT and HR, as and when required in ensuring the FXA process and tagging exercise is done and update in SAP periodically.
•Participate in Asset Disposal exercise where necessary.
•Balance Sheet Reconciliation
• Prepare, analyze and submit the assigned accounts to Head, FA the agreed Balance Sheet Reconciliation on periodical basis.
•Statutory Accounts
•Preparation, analyze and consolidating of the necessary schedules for the purpose of the above reporting on timely basis
•Liaise closely with Internal, SHs and External Auditors and need to co-ordinate with other departments to get the information as required by auditors as well obtaining necessary approval from the SHs.
•Ensure submission of the above is on timely basis and in compliance to the Law and Regulation.
•Completed 1 Accounting procedures relating to GL. (JIB Mapping Procedures)
Capex Budget
•Analyse actual cost vs. approved budget.
•Highlight to management for project expenditure that has reached 80% that requires revision with justified reasons.
•Close monitoring of project milestone.
•Monthly Cost Reporting.
•Provide monthly phasing for Brownfield projects (Forecast expenditure).
•Working closely with project team to ascertain good reporting being produced.
•Project Cost Accrual.
•Detailed capturing of actual cost ensuring accurate postings.
•Check on FOREX impact for actual charges for purchased items in different currencies.
•Opex
•Project monthly expenditure and analyse cost.
•Report to management on any erroneous charges and have it corrected
•Project Close Out
•Clearing of all open items and PO shut in for cancelled orders (material requisition).
•Capturing all remaining cost before clearing it to end account (cost center) for full project closure.