PSC Finance Advisor

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Job Information
Shell
PSC Finance Advisor
in
Miri
Malaysia
Sarawak, Malaysia
Job Family Group:
Finance
Worker Type:
Regular
Posting Start Date:
July 31, 2021
Business unit:
Experience Level:
Experienced Professionals
Job Description:
IMPORTANT LOCATION INFORMATION: This role is based in Lutong/Miri, Sarawak
The Finance Advisor PSC is responsible for the delivery of Finance capability required to support a set of clearly defined business outcomes across multiple activities/assets.
Accountabilities:
The Finance Advisor will for a variety of activities/opportunities assigned to them by the Finance Manager based on Value/Risk (e.g. PSC/JV & Revenue Accounting, risks & opportunities to deliver plan, control frameworks concerns, performance management system issues) depending on the requirements, of the specific activity:
Primarily act as preparer in the end-to-end PSC And JV accounting & revenue accounting process for SK408, SK318, SK8, SK312 PSC e.g. monthly entitlement/GES computation, monthly gas revenue accruals, Cut-back review, Blackline reconciliation, delivery of the quarterly audited PSC accounts/Direct Cost Adjustments/Gas Entitlement Adjustments (including periodic restatement of the accounts) as per the terms and requirements of the respective PSCs in which Shell is the operator, oversee and manage Statement of Accounts, cash calls and joint interest billing to Joint Venture partners as per the terms and requirements of the respective Joint Operating Agreement (During QAA, SOA/Cash Call for SK408 will be assigned to other PSC Advisor in the pool), Forecast Gas Entitlement Percentage (GEP) & Crude Oil Entitlement Percentage (COEP), Contractual Payments calculation, JV and Equity Type/Equity Group creations, corporate & tax reporting, GSF Computation, gas price update.
Rotate with other PSC Advisor on an annual basis to co-ordinate QAA e.g. meetings, AAR, fees.
Independently ensuring that a proper functioning control framework is in place and that risks are properly understood, reflected and managed.
Deliver the full suite of Finance support (including insurance, tax, treasury, accounting and structuring) autonomously and coordinate the involvement of CoEs above pre-agreed thresholds.
Independently ensure value and risks are made transparent and understood in both decisions making and in performance management. Actively participate and support business finance activities e.g. discussions on asset commercial matters, cost sharing agreements, gas/oil sales, etc.
Ensure a fit for purpose performance management system is in place.
In activities where FO and Business act together to deliver, lead/initiate structural improvement projects and leaves the accountability for delivery with the accountable people (the Finance Advisor PSC is explicitly not acting as an ad hoc fixer to mitigate process performance issues).
Brings new proposals of high value activities to the Finance Manager who decides on the resource allocation. For example (in initiating digitalization projects and acting as a connector between FO and the business).
Actively look for opportunities to reduce non-value adding Finance activity (“demand management”).
Maximize use of Finance Operations in delivery of processes.
Liaising with PETRONAS (MPM) and the respective Joint Venture partners, in addition to providing support to the Finance Manager on commercial discussions.
­Support JV partner/MPM/SIA audits. The allocation of preparer/reviewer of various PSC/JV & Revenue Accounting activities will be monitored regularly as part of the Finance Advisor PSC and Finance Advisor pool and may be adjusted accordingly to managed peaks and troughs and to take into account new PSCs.
Requirements:
Min 8 to 10 years of working experience across the Finance competencies spectrum.
A degree within Accounting or Professional Qualifications.
A candidate with experience in handling PSC & JV accounting in a Oil & Gas organization.
Accounting system knowledge and interest in moving towards digitization (i.e. Power Bi)
DISCLAIMER:
Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Royal Dutch/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.
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