Senior Analyst, Financial Reporting

Join to apply for the Senior Analyst, Financial Reporting role at Hibiscus Petroleum Berhad

Join to apply for the Senior Analyst, Financial Reporting role at Hibiscus Petroleum Berhad

Get AI-powered advice on this job and more exclusive features.

The Senior Analyst, Financial Reporting is responsible for detail review of the internal and external reporting of the financial results and is primarily responsible in the review of finance month end reporting process, preparation of financial statements, provide detail variance analysis and support group finance reporting. KEY ACCOUNTABILITIES

• Review monthly financial results reports, analyze and explain key variances in financial results.
• Approved the transfer of the Asset Under Construction on monthly basis to the depletion pool.
• Review and review asset continuity and computation of depletion, depreciation, and amortization
• Review asset retirement obligation monthly accretion entries and quarter change in discount rate entries.
• Review forecasted Net book value for year end impairment assessment exercise.
• Review, assess and coordinate with the procurement team and contract owners on the lease contracts to be registered as IFRS 16 Leases.
• Review the creation of new cost center for each lease contract identified and reconcile the lease transactions booked in the general ledger against the discounted cash flows, ensure all new lease and lease adjustments are updated on monthly basis.
• Review crude oil revaluation entries including review of Unit cost of production per barrel, closing inventories balances.
• Review quarterly reports for group reporting including Cost of Sales, Effective Tax Rate, Quarterly Profit & Loss analysis and balance sheet analysis.
• Review the financial statements for statutory (Barbados) and branch (Malaysian FRS), in accordance to IFRS and group accounting policy.
• Key focal point for statutory financial statements audit.
• Coordinate review of Annual Asset Retirement Obligation (“ARO”) estimation with business users, review and explain changes in estimates, including preparation of annual ARO technical and accounting write-up for internal and external auditors.
• Review insurance prepayment account on quarterly basis against the insurance allocation worksheet prepared by PSC and resolve any discrepancies found.
• Review team on any queries on monthly accrual posting, recovery of disapproved expats cost and other PSC audit issues.
• Coordinate with PSC team to resolve unreconciled differences between joint venture partner account in general ledger as compared to Joint Interest Billing report.
• Review overall financial results and Sigma consolidation pack for group reporting preparation.
• Review preparation of Board of Directors meeting materials.
• Support enquiries from Business Unit departments on matters related to financial information.
• Assist tax team on PITA submission to Malaysian Inland Revenue Board, and any tax audit on accounting related issues, provide supporting document and justification to tax team.
• Assist tax team in Transfer pricing review information.

REQUIREMENTS AND QUALIFICATIONS

Seniority level

Seniority level

Mid-Senior level

Employment type

Employment type

Full-time

Job function

Job function

Accounting / Auditing and Finance

Industries

Oil and Gas

Referrals increase your chances of interviewing at Hibiscus Petroleum Berhad by 2x

Get notified about new Senior Financial Reporting Analyst jobs in Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia .

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 week ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 4 months ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 9 months ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 6 days ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 2 weeks ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 2 months ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 2 weeks ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 month ago

Taman Wilayah, Federal Territory of Kuala Lumpur, Malaysia 5 days ago

Federal Territory of Kuala Lumpur, Malaysia 1 week ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 2 weeks ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 month ago

Senior Financial Accountant / Finance Manager

Kuala Lumpur City, Federal Territory of Kuala Lumpur, Malaysia 4 days ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 week ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 month ago

Federal Territory of Kuala Lumpur, Malaysia 1 week ago

Petaling Jaya, Selangor, Malaysia 1 month ago

Accountant / Senior Accounts Executive (Multiple vacancy)

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia MYR4,000.00-MYR9,000.00 2 days ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 2 weeks ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 2 days ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 week ago

Financial Reporting - Quality & Compliance (Senior Analyst)

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 8 months ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 1 month ago

Senior Analyst, Finance (Business Control - CMA)

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 5 days ago

Petaling Jaya, Selangor, Malaysia 1 month ago

Federal Territory of Kuala Lumpur, Malaysia 4 days ago

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia 3 weeks ago

Executive / Assistant Manager, Financial Reporting

Kuala Lumpur City, Federal Territory of Kuala Lumpur, Malaysia 1 month ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

#J-18808-Ljbffr