Fixed Asset and Capital Project Team Leader
British Petroleum (BP)
Total years of experience :19 years, 3 Months
-Be able to explain capitalization/ expense decisions under PSC and IFRS rules
-Review, approve, and ensure high quality reports produced for internal and external parties such as asset reports prepared under PSC and IFRS rules, project cost analysis report, depreciation, Harmoni 3 (asset register report), UK & US tax data feed, etc.
-Manage and control the business process
-Control asset and inventory accounts.
-Monitor Authorization For Expenditure (AFE)/ Financial Memorandum (FM) process and provide assurance for financial data.
-Manage and control the physical checking of PSC/ IFRS Fixed Asset and Inventory.
-Lead and balance job load within team across periods to optimise workload at peak times
-Prepare IFRS and US GAAP group reports (income statement, cash flow, and balance sheet feeds)
-Perform Group reports’ variance analysis
-Prepare local deferred tax calculation
-Prepare UK & US tax data
-Support the various Group inquiries
-Manage period end closing activities of:
oForeign exchange revaluation and analysis
oJoint Venture cutback and reconciliation
-Lead the system implementation control assessment for Backbone upgrade project
-Lead e-timesheet implementation project
-Prepare Work Program & Budget (WP&B)
-Perform working capital analysis
-Support intercompany balance analysis
-Support Joint Interest Statement
-Handle audit issue and prepare the correction
-Manage period end closing activities of:
oCost allocation
oAsset and projects including depreciation
oAccruals
-Consolidate and analyse cash cost forecasts and actuals to produce cost management book
-Generate monthly Opex actual summary report
-Analyse foreign exchange rate impact
-Evaluate the application security control
-Reconcile asset balances to maintain balance sheet integrity for fixed asset accounts
-Support SAP Purchase to Pay (Backbone) implementation project
Map the as-is and to-be business process to analyse, identify, and communicate the changes to users with alignment to role map and learning.
-Invoice verification and three-way match (PO, contract, invoice) - completeness, financial authority sufficiency, contract validity, segregation of duty (Oracle System).
-Taxes application - WHT & VAT
-Prepare dan post monthly accrual and cash call
-SAP post- implementation support
oDaily transaction- error handling, special business process solution, guideline
oSupport period end closing activities- cutback, cost allocation, revaluation, payroll, settlement; period end closing
oDevelop custom reports
-Manage SAP security and authorization reorganization project (Sarbanes Oxley Act)
-Develop and conduct SAP training
-Deliver SAP upgrade project
-Analyse monthly production productivity
-Develop proposal “Efficiency enhancement”
-Company investment valuation
-Issue daily economic and business flash news
-Conduct market study “Oil Price Hike impact on Poultry industry”
Youngest Cum-laude (top score GPA) accounting graduate of 2001 conscripts.