Accountant, PSC Accounting

RESPONSIBILITIES

• Maintain accurate accounting records of the Company and ensure timeliness in preparation and submission of PSC reporting to PETRONAS
• Safeguard assets of the Company by ensuring the cost recovery is properly and sufficiently accounted for in accordance with the provision in Production Sharing Agreement (PSA), Procedures and Guidelines for Upstream Activities (PPGUA), Joint Operating Agreement (JOA) and applicable best practice in accounting standards
• Establish professional and conducive work relationship with PETRONAS and ensure priority in making sure all the regulatory aspects as per PSC are fully met for
• Ensure integrity, financial and business controls, compliance and assurance and initiate continuous improvement for all processes and procedures relating to PSC
• Hands on in the preparation and submission of monthly Statement of Expenditure (SoE), and PSC Quarterly Audited Account to PETRONAS
• Maintain accurate and organized PSC documentation, database, analysis and reporting for the Company including cost recovery, suspended cost, NCR resolution monitoring, PSC profile, correspondences with PETRONAS including PSA and PPAA
• Prepare and record accruals for PSC contractual payments, as well as perform reasonableness analysis
• Prepare forecast entitlement calculations for internal use, as well as for submission to PETRONAS
• Provide support during annual PSC Cost Recovery Audit by PETRONAS MPM
• Ensure all financial and business processes and procedures are in accordance with the provision in Production Sharing Agreement (PSA), Procedures and Guidelines for Upstream Activities (PPGUA) and applicable accounting standards and best practice
• Prepare and maintain reconciliation between JV account and QAA

QUALIFICATIONS

• Bachelor's degree in Accounting or related field
• 3 – 5 years relevant experience in Finance preferably in upstream oil and gas
• industry
• Solid experience in Production Sharing Contract environment is a plus advantage
• Experience in dealing with local authorities and stakeholders, i.e. PETRONAS MPM
• and Joint Venture partners
• Ability to interpret and analyze financial statements and periodicals
• Fluency in Microsoft Office suite (Outlook, Excel, Word, PowerPoint, etc.) and SAP system