Job Seeker Reactivate Your Account
Thank you, this account has been Deactivated.
Do you want to Reactivate your account?
No
Yes
Sorry, unable to apply, please Upload CV Attachment, or update your JobNet Profile to at least 55% of completion.
UPLOAD CV
UPDATE PROFILE

Financial Controller (Upstream) - MPRL E&P

MPRL E&P Group of Companies

Financial Controller (Upstream) - MPRL E&P

MPRL E&P Group of Companies
Recruiter active 4 hours ago The recruiter at this company was last active reviewing applications.
Myanmar - Yangon
Full Time
Verified This job has been verified by the company as a real job vacancy.
1 week ago

Experience level

Manager

Job Function

Finance, Accounting, Audit

Min Education Level

Bachelor Degree

Job Description

Job Summary

  • Financial Controller Upstream is responsible for the oversight and execution of all finance matters in MPRL E&P and its related subsidiaries, including providing financial support and general financial management of those companies

Primary responsibilities include:

  • Supervision and development of all finance staff directly assigned to support those companies, with the join aims of ensuring high quality work in the short-term, and personal & career development of staff to increase capabilities & performance in the long-term
  • Informing CFO and company senior management on a timely manner important financial matters for effective management decision-making and to avoid errors and lost opportunities
  • Oversight and first-level review of internal and external financial reporting, including financial statements; management accounts; budgets and forecasts; tax filings; joint-venture partner / investor reporting; and internal reports to management such as financial performance updates, business plans / economic models, and scenario / sensitivity analysis
  • Cash-flow planning and financing execution to ensure availability of funds for business continuity and planned investments
  • Acting as primary senior contact point for company audits including government entities; joint venture; external audits; internal audits; and any other approved audit activity
  • Maintaining strong systems of financial controls across companies and processes to protect the assets and reputation of the companies, their shareholders and personnel

JOB DESCRIPTION

  • Finance leader for MPRL E&P and its subsidiaries: Act as the central key contact point supporting CFO for all financial matters relating to these companies, taking ownership for oversight, awareness, communication and proactive recommendation to management on all financial matters.
  • Staff development: In all aspects of work use empowerment, coaching, mentoring and training to develop staff such that they are appropriately skilled for allocated tasks; continually learning and improving; with a balanced level of oversight to ensure a high degree of certainty as to accurate and effective completion of duties. Target continual growth in the proportion of work effectively completed by team rather than self.
  • Deliver accurate financial accounting & reporting: compliant with applicable Laws, Rules & Regulations; PCC, PSC & IPR contracts with government entities and JOAs with Partners, including Monthly and Quarterly statements, Cash Calls, JIB transactions, Tax filing, Monthly Invoices to government entity for Incremental Production, Invoice processing, and Cost Tracking, either on a standalone company level or on a consolidated group basis.
  • Maintain financial systems & documentation: ensuring financial information is consistent with Oil and Gas accounting practices, International Financial Reporting Standards (IFRS), International Accounting Standards (IAS), Myanmar Financial Reporting Standards (MFRS) and Myanmar Accounting Standards (MAS).
  • Tax compliance & efficiency: Ensure timely and accurate taxation returns and responses to IRD communications. Oversee tax accounting & forecasting. Actively participate in tax planning & structuring. Pursue tax exemption / relief where appropriate for Corporate Income Tax, Withholding Tax & Commercial Tax in compliance with applicable tax laws & regulations, locally and internationally.
  • Prepare & execute Partner Audits: support execution of partner audits to ensure protection of the companies’ interests in Joint Venture / partnership activities.
  • Lead & Manage External Audits: including external audits, partner audits, government entities audits and any other shareholder-approved audit activity.
  • Deliver financial analysis & projections: oversee delivery of timely, relevant, accurate and complete information for decision-making such as economic modelling & business plans; funding & cash flow planning; budgeting & forecasting; financial performance analysis; and other financial modelling supported appropriately with sensitivity / scenario analysis, risk considerations and financial recommendations.
  • Oversee treasury activities: Maintain & effectively control relevant bank accounts & bank relationships required for the companies’ operations and to meet contractual commitments, within the limits of authority issued by senior management.
  • Maintain finance systems & records: Develop & implement policies, procedures and practices to ensure the appropriately controlled use and availability of finance systems, considering data retention and continued availability; confidentiality; internal controls & authorizations; and checks over completeness and accuracy of financial information.
  • Maintain revenue records: maintain an invoice & revenue tracking system which ensures accurate and timely billing and payment of invoices (incoming and outgoing).
  • Maintain cost records: Oversee accurate recording of cost allocation and cost tracking systems on a Project by Project and Well-by-Well basis. Deliver periodic management updates and highlight apparent errors; anomalies; and important trends.
  • Maintain asset records: Coordinate with Procurement, Materials and Logistics and Warehouse to maintain a Material Tracking, Inventory Control, Fixed Assets Control, and Internal Control Systems to avoid unnecessary losses.
  • Maintain effective profession financial relationships with relevant 3rd parties: Build and maintain appropriate relationships with 3rd parties such as external auditors; legal & tax advisors; government entities; JV partners’ financial personnel; lenders & bankers.
  • Provide leadership on finance related matters to other Group of Companies: Review the monthly management accounts and ensuring compliance with international accounting standards such as IFRS and/or other relevant GAAP accounting standards.

Periodically, the employee may be expected to perform assigned duties and tasks not covered in this job description as well as to provide support to other departments when necessary.

 

Dimensions:

Overall responsibility of Finance & Accounting Functions

 

Key Interfaces:

  • CFO
  • DCM / technical management
  • Upstream JV partners’ finance teams & committees
  • Government entities
  • External auditors

 

Key Performance Indicators:

  • Effective financial leadership for MPRL E&P and subsidiary companies
  • Effective team & individual development of finance personnel, including recruitment & induction of new staff
  • Effective financial controls in particular cash management; process mapping; review & approval processes

Open To

Male/Female

Job Requirements

Minimum required knowledge & experience

Education / Experience

  • Bachelor of Commerce and CPA / Chartered Accountancy (ACCA is preferable)
  • Minimum 8 (preferably 10-12) years’ experience in Finance/Accounting
  • Practical experience implementing / working with Oil & Gas Accounting Principles, Procedures & Practices is preferable

Special Skills

  • At least moderate technical knowledge of upstream oil & gas industry
  • Analytical skills – forecasting, scenario analysis, financial modelling, financial review
  • Strong technical skills in using financial software, MS Excel and MS Office
  • Strong English language skills for communication (speaking, writing, reading)

 

Please note that applications received after deadline will automatically be discarded and only short listed candidates will be contacted.

What We Can Offer

Benefits

- Uniform
- Lunch
- Transportation

Highlights

- An awesome company
- Join a winning team
- You can make a difference

Career Opportunities

- Opportunities for promotion
- Possibility for job training
- Learn new skills and techniques

About Our Company

MPRL E&P Group of Companies focuses on creating value within the energy, telecommunications, and property development sectors of Myanmar and driving progress in the nation.

MPRL E&P is the flagship company of the group, leading upstream oil & gas exploration and development projects in both onshore and offshore Myanmar.

M&A is the leading service company in the energy sector of Myanmar providing a full spectrum of services to oil & gas operators and their main contractors in the country. Myint & Associates Construction (M&AC) is the property development arm and is also involved in real estate related engineering and construction.

Myint & Associates Telecommunications (M&ATel) is at the forefront of providing data center colocation services whereby owning and operating the only Uptime Institute Tier III certified data center in Myanmar as well as developing opportunities involving cloud computing, IT managed solutions, and infrastructure/platform as A services.

Myint & Associates Offshore Supply Base Limited (M&AOSB) is a privately owned specialist service provider poised to deliver a comprehensive suite of operational and specialist technical service solutions to the oil and gas industry in Myanmar. Founded in 2017, M&AOSB is a member of the MPRL E&P Group of Companies, which focuses on creating value within the energy, telecommunications, and property development sectors of Myanmar and driving progress in the nation. M&AOSB is set to grow as we pursue business opportunities to support oil and gas exploration and production offshore Myanmar.

Myanmar Independent Power Production (MIPP) pursues opportunities in the downstream energy space which include projects involving liquefied petroleum gas (LPG) as well as independent power production. Myint & Associates (M&A) was established in 1989 and is the founding member of the group.

Our corporate culture across the MPRL E&P Group of Companies is influenced by our commitment to ethical and responsible business practices. We believe in developing a culture that promotes honesty and integrity, has a strong sense of focus on results based performance, encourages the development of employees and promotes sustainable development across the group’s activities through dialogue and engagement. We offer a wide range of career opportunities across multiple sectors and business functions in a challenging and rewarding environment.