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Jobs in Malaysia   »   Jobs in Kuala Lumpur   »   Accounting / Auditing jobs   »   Financial Accountant (PSC/ Revenue) - 1 Year contract

Financial Accountant (PSC/ Revenue) - 1 Year contract

Kuala Lumpur, Federal Territory of Kuala Lumpur, MY

Undertake and assist Head, Financial Accounting in preparation and verifying the financial accounting data for quarterly PSC Accounts and Cost Recovery Report, monthly Gas Billing to Buyers and also to ensure compliance to the PSC/ JOA/ GSA Agreements including procedures and guidelines and other related financial services for the Company.

Key Responsibilities:

  • Month End Closing and Reporting
    - Computation of Operators’ Overhead calculation and allocation, review of Balance Sheet, JIB Prelist,and perform JIB run at the same time ensuring accuracy and timely meeting of datelines. Propose correction and adjustment if required.
    - Consolidate month end closing reports i.e Joint Interest Billing and Reporting package to Shareholders in a timely manner.
  • Preparation of Quarterly PSC Accounts and Cost Recovery Report
    - A per Article 11 of the PSC to prepare quarterly PSC Accounts and Cos Recovery Report, for supervisors review and Finance Manager’s approval.
    - Coordinate with the external auditors and line department during the PSC audit to ensure auditors receive timely attention and sufficient information to avoid any possible non cost recovery.
    - Ensure compliance to the PSC terms when compiling relevant reports.
    Preparation of provisional gas entitlement report quarterly for submission to MTJA.
  • Monthly and Annually Gas and Condensate Billing
    - In compliance to the Gas Sales Agreement to prepare monthly and annual gas invoice to Buyer including coordinate with the Sellers to confirm the numbers of gas delivery, price, invoice amount and before issuing the invoice.
    - Ensure compliance to the PSC terms when compiling relevant reports.
    Preparation of provisional gas entitlement report quarterly for submission to MTJA.
  • PSC Reporting and Payments
    - Review and ensuring timely issuance of the PSC Payments as required under the PSC Agreement to MTJA, ie. Research Cess, Production Bonus, Customs Duties, Supplementary Payment.
    - Remitting Sales Proceed from disposal of fixed assets within the timeline as stipulated in the PSC Agreement.
    - Preparing and ensuring timely issuance of the PSC Report as required under the PSC Agreement to MTJA, ie. Quarterly Return of Fixed Assets.
    - Proper control of the documents for audit trail purposes.
  • Hydrocarbon Accounting
    - Computation of Quarterly Statement of Condensate Entitlement and Article 7 Price.
    - Computation of Actual Condensate Entitlement via Quarterly Condensate Cost Recovery Report.
    - Work closely with Integrated and Corporate Planning to provide forecasted information to MTJA for computation of quarterly provisional entitlement for condensate.
    - Proper control of the documents for audit trail purposes
  • MTJA/PSC Audit
    - Liaise with External Auditors, and MTJA PSC Auditors i.e. fixing audit schedule, attending meeting, consolidate financial data and analyse, if required, ensure documents and reports are ready for audit, co-ordinate with other departments to get the information as required by auditors, follow-up on audit status update with line managers.
  • Compliance
    - Ensure compliance to Finance Policies & Procedures/ JOA/ PSC/ GSA.
  • Fixed Assets
    - Maintenance of Fixed Asset Register as well as performing the conversion exercise and running of Fixed Asset Register Report.
    - Monthly Reconciliation between General Ledger vs Fixed Asset Register.

Job Requirement:-

  • Recognised Degree in Accountancy
  • At least 8 years’ experience as a Financial Accountant, preferably in Oil and Gas Industry. 
  • Experience with a standard Accounting System e.g. SAP

Perks & Benefits

  • Employee equity
  • Personal leave

Job Location
Level 9, Menara Darussalam, No.12, Jalan Pinang, 50450 Kuala Lumpur, Malaysia
Click to view the location on Google maps

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Company Overview

We are a joint-venture company between PC JDA Ltd. and Hess Oil Company of Thailand Ltd. Co., engaged in gas production in Block A-18 of the Joint Development Area administered by the Malaysian-Thailand Joint Authority (MTJA). The block is located approximately 150 km NE of Kota Bharu in approximately 60m of water. The facilities include central gas processing facilities at Cakerawala Production platform, a riser platform, a bridge-linked wellhead platform and a number of remote wellhead platforms (WHPs). Our long term projection sees a place for talented individuals committed to growth and development in a secure environment. If you’re suitably qualified, experienced and self-motivated and seek opportunities in a development focused organization, we invite you to join us.

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Company Summary
Carigali Hess Operating Company Sdn Bhd
201-500 employees
Oil / Gas / Petroleum
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