Executive Accounting

JOB PURPOSE:

Responsible for running the Record-to-Report (R2R) operations. Manage the functions in accordance with MISC Group Accounting & Financial Policies, company’s procedures & guidelines, practice of good governance and integrity in the overall process.

PRINCIPAL ACCOUNTABILITIES:

RTR Team scope of work:

Manage/Review month-end closing tasks which includes journal preparation, calculation and posting for prepayment, accrual, provision, allocation, posting of payroll, intercompany confirmation, right of use (ROU) and fixed asset activities. Review of journal entries before posting to ensure calculation of journal entries are correct and proper LOA are obtained. Manage period end accounting entries and process recurring provisions, accruals or adjustments

Ensure all activities (including metrics / SLA reporting) are executed timely, accurately and with the required quality.

Manage monthly/ quarterly balance sheet account reconciliations by planning, monitoring and controlling the reconciliation process to ensure compliance to Group Accounting Financial Policies.

Manage month end account reconciliations and analyse accounts and resolve outstanding reconciling items to ensure accuracy, completeness and validity of the Group’s financial position. Ensure timely production of monthly, quarterly, and ad hoc financial reporting for MISC group.

Analyze and validate the accuracy and reliable of the financial reports (income statement, balance sheet, cash flow statement and month end schedules) in compliance to Statutory/ PETRONAS/MISC Group requirements (e.g. MFRS/ Companies Act) by constant monitoring of GL accounts and highlight/address discrepancies. Provide support to the management team on month end processes, accruals, monthly reporting, and performance commentaries.

Ensure stakeholders’ queries are attended to and resolved in a timely, responsible and proactive manner.

Working collaboratively with other teams within FSSC and stakeholders to ensure data accuracy processed into the system.

Facilitate and complete any ad hoc task assigned by supervisor.

Provide advisory services on accounting matters.

Service Management on accountability and responsibilities to response to BMC RTR ticket queries on L2 capacities.

Audit

Support and provide information for financial audit, tax audit, group internal audit and other finance audit activities.

Monitor the accuracy and reliable of the financial reports (income statement, balance sheet, cash flow statement and month end schedules) and ensure compliance to Statutory/ PETRONAS/MISC Group requirements (e.g., MFRS/ Companies Act)

Coordinate audit process for Financial Year End audit, Group Internal Audit and other Finance audit activities to provide reliable and timely financial statements for statutory reporting in line with regulatory, Government requirements and MISC/PETRONAS Group Policies and Guidelines.

Business Process Flow & Internal Control

Manage the implementation, maintenance and monitoring of effective internal control and processes.

Analyse business process flow on regular basis to identify gaps and to improve efficiency. Manage the process improvements and standardization of RTR activities to drive improvements and effective processes to MISC group.

Knowledge Management - Responsibilities on quarterly basis to establish and maintain SoP for month end closing.

People Development

Manage staff developmental needs to further enhance their knowledge and skills that would improve personal and overall departmental performance.

Accountable in preparing and monitoring team member performance (KPIs) and conduct PA reviews and PIP.

EXPERIENCE:

At least 5 – 7 years of working experience in auditing or accounting

Minimum 1 year of supervisory experience

Preferably experience in shipping or oil & gas industry & Shared Service environment

Experience in using SAP system

QUALIFICATION:

Degree in Accounting or equivalent or Professional accounting qualification is a requirement [e.g. CPA, ACCA or CA].