Petrofac

Finance Manager - FPSO

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Department/division
Floating Production
Location
Singapore
Salary
Competitive
Job Summary

Reporting to the COO of our floating productions business, we are currently recruiting for a experienced Finance Manager to join our operation in Singapore. Key responsibilities include:

  • Oversee all corporate budget, financial accounts, transactions and assistance in all internal financial controls, budget elaborations and financial reporting with respect to company procedures and policies
  • Establish the Petrofac Floating Production financial management reporting system
  • To ensure compliance with all legal, statutory and local tax requirements, including the International Accounting Standards (IFRS) and the hydrocarbons industries best practice with respect to Company’s financial transactions
  • Work closely with Group Treasury regarding the management of cash calls and administration of Petrofac Floating Production intra-company loan agreement
  • Ensure development, maintenance and upgrade of Company financial procedures in compliance with group procedures
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Accounting

  • Control all the accounting and financial operations within the company
  • Control the maintenance of the general accounting and the elaboration of the annual financial statements
  • Control and review of Journal entries and supporting documentation, including approval by managers prior to posting
  • Oversee the implementation of proper cut off procedures for booking of all liabilities and recognition of revenue
  • Ensure a full inventory is taken throughout the year of company assets and to ensure the reconciliation with the accounting records
  • Control the preparation and issue of the financial statements of the company
  • Review of expenditure vouchers for completeness, accuracy and compliance with company policies
  • Ensure that all deviations from the Group’s Financial Manual are identified and communicated on a timely basis
  • Ensure and supervise all Inventory Closing accounting works (including the expenses’ accruals, expense recognised in advance, fixed assets depreciation allowances, liaise with PED office on invoice payments, the A/R invoices, monitoring and recovery of claims)

Corporate Budget and Control

  • Control and review of corporate financial monthly management/annual reports
  • Responsible for the Corporate budgets, codification, Control, Cash Calls and reconciliation
  • Control all reports on Company commitment and assure their compliance with OCM/TCM and GM decisions
  • Assist in the preparation of any financial/accounting/budgets information to be presented to COO, Business Development, workshops and other ad-hoc requirements
  • Any corporate budget issues

Cash Management

  • Management and administration of company bank accounts in all geographical locations
  • Oversee the control of banking, cash book and petty cash transactions
  • Review and approve bank reconciliation, Process invoice and Preparation cash calls
  • Order cash transfers and payments within the agreed limits and level of authority
  • Monitor the working capital and recovery of company revenues

Tax Management

  • Point of contact for all company Tax matters
  • Co-ordinate with Tax Manager for all significant tax transactions/issues
  • To ensure that the Company is up to date in filing of all tax returns and ensure the monitories of tax obligation
  • To ensure the compliance with relevant legal, statutory and taxation requirements

Financial Reporting

  • Responsible for ensuring the timely delivery of financial data from other Petrofac entities
  • Responsible for the preparation of financial statements on a monthly and annual basis
  • Ensure the preparation of a dashboard commitment report on a monthly basis
  • Supervise any financial analysis and forecasts
  • Ensure all major balance sheet items (including accruals) are supported by detailed and reconciled schedules
Closing Date
23/02/2012

This vacancy has now expired, and is not accepting any new applications.

Please search for live opportunities or use the Register Interest facility to sign up for job alerts and/or leave your CV speculatively.