Assistant Manager, Finance

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Assistant Manager, Finance
Posted On: February 6, 2025
Location: Kuala Lumpur
Job Function: Finance & Accounting
Employment Type: Permanent

JOB SUMMARY:

Assists Finance Manager in (i) M&A transactions, (ii) Corporate Exercises, (iii) Overseeing financial reporting and analysis of operating subsidiaries in the Asset Controlling team (which includes active oversight on annual budget submission, periodic forecasting, budget monitoring, cash flow planning, tax compliance, tax planning, adherence to all relevant accounting policies and other financial matters pertaining to the Finance operations), and (iv) Coordinating information flow between Group Finance and subsidiaries/BUs.

DUTIES AND RESPONSIBILITIES

• Assist and play a key role in new business venture projects where required.
• Assist in handling corporate finance function in relation to any corporate due diligence, circular and corporate proposal of the Group.
• Prepare and present budgeting and planning, forecasting, and reporting for the group.
• Assist in the preparation of Group annual business plan, specifically asset-related areas.
• Responsible for cash flow planning, including liaising with treasury and funding teams for drawdown of available facilities.
• Review and analyze monthly financial statements, ensuring accuracy and timeliness of reporting, including information in quarterly announcements to Bursa Malaysia.
• Co-ordinate and review all subsidiaries and assets’ monthly financial statements.
• Generate recurring (monthly and quarterly) standardised reports on key areas related to the Group’s oil and gas assets.
• Identify possible red flags and areas of concern in the Group’s oil and gas assets (e.g., impairment of carrying value, erosion of value, overspending, production volumes, etc.).
• Assist in briefing the Group CFO and Group Financial Controller (where necessary) on key matters relating to the Group’s oil and gas assets on a monthly basis.
• Serve as the key focal point for all accounting technical related areas (e.g., accounting policies and financial report standards) in the Group, relating to operational assets.
• Liaise with external auditors, internal auditors, tax agents and company secretary for required statutory requirements.
• Work closely with subsidiaries/BU’s Finance department and reporting team to enhance quality and timeliness of deliverables.
• Promote consistency and alignment of processes/format across subsidiaries/BUs.
• Partners subsidiaries’ finance team on ad-hoc activities.
• Perform other ad-hoc duties as prescribed by the Finance Manager to assist in achieving Finance Department’s objectives.

HSE RESPONSIBILITIES

• Responsibility for his/her own health and safety and that of other persons affected by his/her activities;
• Supporting the implementation of the HPB HSE Objectives and Action Improvement plans;
• Support & participate in HSE Audits;
• Report hazards, incidents and near misses in his/her place of work;
• Identify areas for continuous improvement;
• Participate as requested in Office Safety Meetings & workplace inspections; and
• Actively involved in office Emergency Response drills.

REQUIREMENTS AND QUALIFICATIONS

• Possess a professional qualification from an internationally accepted accounting body (e.g., ICAEW, ACCA, MICPA, CPA etc.) or Degree in Accounting
• At least 10 years relevant working experience, with a minimum 3 years’ experience in management role
• Strong understanding and relevant experience of the oil & gas upstream (E&P) industry is a key advantage
• Experience in M&A, including due diligence scope
• Experience in auditing and corporate finance
• Understanding of requirements of public listed environment in Malaysia
• Able to work under pressure and tight deadlines
• Able to work independently to meet reporting deadlines
• Detail oriented and able to be hands on in preparation of deliverables
• Self-motivated and ability to work in a team
• Fluent in English (both verbal and written)
• A self-starter, proactive, meticulous, well organized and possesses strong analytical, leadership and interpersonal skills

Hibiscus Petroleum Berhad (Hibiscus Petroleum) is Malaysia’s first listed independent oil and gas exploration and production company.

Our key activities are focused on monetising producing oilfields and growing our portfolio of development and production assets in areas of our geographical focus: United Kingdom, Malaysia and Australia and Vietnam.

As an operator of offshore oil and gas producing fields, our efforts are focused on enhancing operational efficiencies to safely deliver high-margin production from our assets. Our growth strategy in the current oil and gas market is to leverage on opportunities that are present within our portfolio of existing assets and make quality acquisitions on a selective basis, thus delivering sustainable returns to our shareholders.

We are committed towards upholding high standards of safety and environmental management. We also prioritise corporate governance, whilst expanding our business on strong technical and commercial foundations.

Hibiscus Petroleum is headquartered in Kuala Lumpur, and our securities are listed on the Main Market of Bursa Malaysia Securities Berhad and is a constituent on the FTSE4Good Bursa Malaysia index. Hibiscus Petroleum securities have been classified as being Shariah-compliant by the Shariah Advisory Council of the Securities Commission of Malaysia.