• Senior Manager, Group Finance Jobs in Malaysia - 1006303

    Velesto Energy Berhad
  • 10 - 12 Years
  • Malaysia - Kuala Lumpur
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  • Posted above 1 month
  • Job Views: 47
  • Job Applicants: Less than 10

Job Description

To manage group accounts, operation, tax and to ensure timely preparation of accurate and reliable Group Consolidated accounts for reporting to the Management, Board and stakeholders, in accordance to the statutory requirementsGroup Consolidation – to ensure preparation of timely, accurate and reliable financial information pertaining to the Group’s performance and ensure it is prepared in accordance to the statutory requirements and compliance to the international accounting standards (Financial Reporting Standard) To analyse and validate the financial reports and data, prepare and produce financial variance analysis on monthly, quarterly and yearly basis for the segments and GroupReview and analyse the Segment/Subsidiaries performance in relation to the budget on variances (if any) on revenue and/or cost as well as to recommend corrective actions (if any)Prepare Quarterly Announcements for uploading to Bursa MalaysiaCollaborate with external auditors on the annual audit functions through an information-verification process in order to facilitate the preparation of Velesto Energy Berhad’s Audited Financial Statements for incorporation into the Annual Report on a timely manner and compliance to all statutory requirements and standardsDevelop and maintain business relationships with external auditors and facilitate Velesto Energy Berhad performance reporting in accordance to their respective requirementsPreparation of finance division and group consolidated annual budgetDevelop, analyse, maintain and update an effective database comprising Subsidiaries, and Group information (eg Past Financial Performance and Business Units Key Performance Indicators) to facilitate easy reference, comparison and evaluation with the objective of updating Management on trends and track records as well as contributing to Velesto Energy Berhad planning and forecastsOn-going review on the accounting system which are relevant to the environmentProvide technical advice/input to SBU accountants on accounting standards and compliancesPerform any other duties as assigned from time to time Plan, organize, oversee & coordinate with tax agents & SBU accountants to ensure timely filing of all tax returns Review/prepare tax computations, tax returns, worksheets & appendices for theTo achieve full compliance with tax laws/regulations and public rulingsCoordinate the preparation of initial & revised tax estimates for companies in the group and apply for the refund &/or offsetting of tax credits timelyStudy tax budgets, new tax rulings/changes & their tax implications to Velesto Energy Berhad Group Issue tax guidelines to effect necessary changes to comply with new laws/rulings & give tax related advice to management, task force & SBU accountantsProvide assistance to SBU accountants in dealing with IRB auditors and attend to all tax queries & tax compliance mattersProvide technical advice/input on cross-border transactions and overseas contracts Ensure compliance with foreign tax legislations and regulations Where necessary, work with local & overseas tax consultant for the most tax effective option from tendering stage to execution until project completionTo perform data analysis, data validation, and provide a commentary report to the management for their monitoring purposes as well as to facilitate strategic decision making by Management and the BoardManage the day to day financial operation and reporting of the operating companies under ones’ carePerform any other duties as assigned from time to time

Degree in Finance/ Accounting or equivalent with professional qualifications eg ACCA/ICAEW/MICPA/CPA AUSTRALIA/CIMAMinimum of ten (10) years of experience in financial operation and reporting, especially listed entitiesAudit experience especially with Big Four is an added advantageWork requires professional written and verbal communication and interpersonal skills Ability to motivate teams to produce quality materials within tight timeframes simultaneously manage several projectsKnowledge of contracting, negotiating, and change management

Profile Summary

Type:Company Job

Role:Senior Manager


Salary:Not Disclosed

Deadline:23rd Feb 2020

Company Profile

Velesto Energy Berhad (formerly known as UMW Oil & Gas Corporation Berhad) is established since 2002 and participates in the robust upstream activities of the oil and gas industry through two main activities which is Drilling Services (Offshore Drlling and Hydraulic Workover Services) & Oilfield Services (Threading, Repair and Inspection Services) . We develop industries, manage partnerships and joint ventures and facilitate growth in the oil & gas industry in Malaysia and the Asia Pacific Region.

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