This role will manage, control and implement an effective oil & gas accounting systems, entitlement and lifting procedures in line with the terms and principles stipulated in the EPSA, JOA, COPA/COTA requirement and host government's regulations.

Direct the overall financial statutory and management reporting and oil & gas accounting activities for management,  partners/shareholders, and Government through proper effective and efficient management of accounting processes, procedures, controls, and systems to ensure the smooth running of operations and timely provision of financial and management information for decision making and performance measurement.

Essential Functions

1. OIL & GAS ACCOUNTING. ENTITLEMENT AND LIFTING INCLUDING BUSINESS PROFIT TAX (BPT)

Lead, review, analyze, and manage timely and accurately the submission of all accounting reports required to ensure compliance under the Exploration Production Sharing Contracts (EPSA) and Joint Operating Agreement (JOA) for Block 5D7 operation, which include monthly, quarterly and yearly reporting on Crude Oil entitlement, Forecast Delivery Reports, Joint Interest Billing (JIB) and Cash Call to Ministry of Petroleum (MoP) / Host Authority and Partners.

Accountable to ensure maximize Entitlement and Lifting of Crude for PCN L in accordance to EPSA and reasonable Cash Call forecast for the smooth running of the operation and responsible to ensure compliance of the BPT return and filing to Directorate of Taxation to avoid any tax exposure on behalf of Partners.

1. WPB/CPB

Guide, review and advice in the development, consolidation and implementation of the Work Program and Budget (WPB) and Corporate Plan 6 Budget (CPB) including for Block 567 operations so as to ensure accurate cost recovery, entitlement and cash flow forecast prior to submission and integration and alignment with PCN L‘s objectives 6 strategies and host government‘s/PSC/JOA requirements.

1. BUDGETARY CONTROL SYSTEMS & ENTERPRISE RESOURCE PLANNING (ERP)

Lead, develop and implement effective budgetary control systems together with Business to manage budget utilization through reviews and validation with of AFEs, additional/supplementary budget requests D budget transfers. Drive the cost optimization by implementing effective expenditure tracking so as to proactively address deviations to achieve desired UPC and full cost recoverability and sharing within the EPSA/JV environment.

Responsible to ensure the ERP system able to cater for the requirement of Financial, Budgetary, Procurement and Assets Management whereby provide seamless flow of information management reporting for decision making.

1. FINANCIAL AND MANAGEMENT REPORTING AND ADVISORY

Manage timely submission of financial and management reports together with the variances analysis of the actual spending against budget by providing inputs on the company‘s monthly and quarterly performance to management, partners and PCNL HQ for consolidation.

Drive, advice, report and analyse on activities relating to commercial, financial and accounting matters pertaining to the Exploration and Production Sharing Contract (EPSA), Joint Operating Agreement (JOA) or any other petroleum arrangement to the venture/project teams and management including highlighting and resolving issues/concerns with venture partners and host authorities in accordance with PCNL‘s requirements and the terms of such EPSA/JOA so as to safeguard PCNL‘s interest.

1. GOVERNMENT, PARTNERS AND STATUTORY AUDIT

Drive, lead and managed all financial, procedural and management audit plans by Government (MoP), Partners (Shareholders) and External party to ensure expenditures incurred are acceptable by Government, Partners and External Auditor for cost recovery, joint billing and statutory reporting

Responsible to ensure audit findings/exceptions are resolved timely and appropriate corrective actions taken are in line with EPSA, JOA, international accounting standards and legal framework. Desired to achieve zero or minimum rejected costs/audit issues.

Qualifications/Experience Required

• Degree in Accounting.
• Preferably possess a professional qualification in accounting such as Association of Certified Chartered Accountants (ACCA), Institute of Chartered Accountants in England and Wales (ICAEW), Malaysian Association of Certified Public Accountants (MIC PA), etc.
• Minimum 15 years of working experience in finance-related areas. Experience in the upstream Oil & Gas business with good technical knowledge is a must.
• Strong financial & oil and gas accounting skills are critical to ensure success in the undertaking of business management accounting initiatives.