Summary
Location
Kuala Lumpur
Type
full-time
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About this role
Job Purpose
Manage and analyze overall fund management to ensure reliable Cash Flow Forecasting (CFF) and Optimum Working Capital (OWC), while supporting KLCC Group’s banking operations and requirements. This includes handling banking services and facilities, preparing and reconciling accounting entries related to cash and bank movements for accurate record-keeping, and performing debt management activities to ensure compliance with financing and loan terms.
Main Accountabilities
- Handle matters relating to cash management through the analysis of OPUs Cash Flow Forecast (CFF) to ensure that all financial exposures of the OPUs' are identified and mitigated accordingly. Proposal provided on timely manner and meeting OPUs' requirements.
- Prepare fund placements and forecast of OPUs funding needs by analysing the CFF to ensure availability of funds in meeting financial obligations with the right currency at the right time in meeting financial obligations through weekly, monthly and quarterly CFF submission. Also to prepare the necessary transaction documents for fund transfer and negotiate with the banks on rate for fund placement.
- Analyze movement of cashflows to ensure that the variance of CFF and actual are properly justified and perform accounting posting for Treasury transactions to ensure correct allocation, apportionment, adequately accrued and posted to the correct accounting codes.
- Handle overall banking operations including banking services and facilities. Assist on matters relating to banking management including preparation of Board paper and relevant risk assessment on the opening/closing of bank accounts, Trade Finance, unclaimed money, related facilities and perform bank account maintenance due to changes associated with the account, services or authorized persons.
- Review monthly bank reconciliation reports for all bank accounts and investigate all unreconciled transactions to ensure OPUs accounting ledgers reconcile with actual bank balance. Also provide update to management on cash and bank balances through weekly KLCC Group's cash and bank balances report.
- Monitor and update the loan/financing schedules and prepare the necessary documentation for timely loan repayment including facilities annual review. Also to ensure full compliance of the loan/financing as required by the agreement through periodic debt covenant checklist.
- To prepare periodic reports as required by internal and external stakeholders including Bank Negara’s International Investment Position Report, PETRONAS Optimal Working Capital Report, Ministry of Housing’s HDA Report, Asset Management Performance Account Report for MITI, etc.
Requirement
Qualification
- Degree in Finance, Banking, Economics, Accounting & related fields. Other degrees can also be considered.
Years of Experience
- Minimum 2-3 years experience in Finance, Accounting & Banking fields.
Other facts
About PETRONAS
Petroliam Nasional Berhad (PETRONAS) is a leading global energy company committed to powering society’s progress in a responsible and sustainable manner. With close to 50,000 employees and a global reach spanning over 100 countries, we are ranked among the world’s largest corporations by revenue in the Fortune Media IP Ltd’s 2022 Fortune Global 500® list.
As Malaysia’s national oil and gas company, we safeguard and manage the nation’s hydrocarbon resources to ensure national energy security and maximise value. We explore, develop and produce hydrocarbons as well as cleaner energy solutions. We have three core businesses, namely Upstream, Gas and Downstream, supported by Project Delivery and Technology division, which acts as an enabler. We recently launched Gentari, our new entity providing customers with cleaner energy and lower carbon solutions in three core offerings – renewables, hydrogen and green mobility alongside our core portfolio.
We remain committed to produce oil and gas in a differentiated manner, with focus on reducing carbon emissions and at competitive cost. Our hydrocarbon portfolio today is two-thirds gas, which puts us in an advantageous position as gas and Liquefied Natural Gas (LNG) will continue to play a vital role even as the energy system evolves. As one of the leading LNG players in the world, PETRONAS will continue to serve the global LNG demand.
As a responsible and conscientious global energy player, sustainability is at the heart of our business and how we operate. Our commitment to responsible business growth and positive contributions to society and the environment remains unwavering. Fuelled by our passion to be a partner for our customers in the journey towards a lower carbon energy future, every step we take brings us closer towards achieving our aspiration of Net Zero Carbon Emissions by 2050 (NZCE 2050).
What you'll do
- Manage and analyze overall fund management to ensure reliable cash flow forecasting and optimum working capital. Handle banking operations, prepare accounting entries, and perform debt management activities to ensure compliance with financing terms.
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