SIAPTEK Hiring! Full Time Senior Executive, Account and Cost Control in Federal Territory - Ricebowl

Company Industry: Oil & Gas Services

1. Financial Reporting & General Ledger

• Maintain and reconcile the General Ledger to ensure all financial transactions are recorded accurately and in a timely manner.
• Prepare monthly, quarterly, and annual financial statements, including Profit & Loss (P&L), Balance Sheet, and Cash Flow reports.
• Monitor and analyze P&L performance, Balance Sheet positions, and Cash Flow trends to support financial planning and strategic decision-making.
• Perform variance analysis and provide financial insights and recommendations to Management.
• Prepare and review journal entries, accruals, and year-end adjustments to ensure compliance with accounting standards and company policies.

2. Treasury & Cash Flow Management

• Monitor, manage, and forecast group cash flow to ensure adequate liquidity for operational and business requirements.
• Manage bank accounts, oversee fund transfers, and optimize cash utilization across subsidiaries and business units.
• Manage banking facilities, loans, and financing arrangements, including support for fundraising and financial structuring initiatives.
• Evaluate short-term investment opportunities to optimize returns on idle funds.

3. Project Cost Control & Billing Readiness

• Monitor project costs against approved budgets and highlight variances affecting Gross Profit (GP) margins and project profitability.
• Review and validate project cost allocations and supporting documents prior to month-end closing.
• Prepare periodic project cost reports, including cost analysis, variance reporting, and profitability tracking.
• Ensure all project-related documentation, including contracts, quotations, and cost records, is systematically maintained for audit and billing purposes.
• Coordinate with Operations and Commercial teams to ensure project data is complete and compliant for timely revenue recognition and invoicing.
• Oversee end-to-end billing processes, ensuring invoices are issued accurately, timely, and in accordance with contractual terms and project milestones.
• Manage and audit petty cash utilization for operational and project-related expenses.

4. Accounts Payable (AP) & Receivable (AR)

• Oversee the verification of supplier invoices and ensure compliance with company payment policies and procedures.
• Process supplier payments, including preparation of payment vouchers and ensuring proper authorization prior to disbursement.
• Prepare and issue customer invoices accurately and in a timely manner in accordance with contractual terms.
• Monitor collections and manage the issuance of Statements of Accounts (SOA) to ensure timely recovery of receivables.
• Reconcile vendor and customer accounts and resolve discrepancies promptly.
• Maintain and monitor Accounts Payable and Accounts Receivable aging reports to track outstanding balances and ensure timely follow-up actions.

5. Budgeting, Tax & Compliance

• Coordinate the preparation of annual budgets and periodic financial forecasts across departments.
• Ensure timely and accurate submission of all tax filings, including Corporate Tax and SST.
• Ensure proper application and compliance with SST regulations, particularly in relation to project billing and revenue recognition.
• Act as the primary liaison with internal/external auditors and tax authorities, ensuring all audit queries and findings are resolved effectively.
• Continuously review and improve accounting systems, internal controls, financial processes, and SOPs to enhance operational efficiency and compliance.

6. Audit Preparation & Documentation

• Prepare audit schedules and ensure all supporting documents are complete, accurate, and readily available for audit purposes.
• Maintain a systematic, organized, and audit-compliant filing system for all financial and project-related records.

Qualification:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum 3 years in overseeing full sets of accounts.
• Experience in project-based environment (e.g., O&G, construction, engineering) is preferred
• Good communication and stakeholder management skills
• Strong knowledge of accounting principles and financial reporting
• Good understanding of cost control and project accounting
• Proficient in accounting systems and Microsoft Excel
• Strong analytical, problem-solving, and organizational skills
• High attention to detail and ability to meet deadlines