Financial Accounting Lead

Purpose:

• Performs and leads activities related to General Ledger Accounting, Fixed Asset Accounting, Accounts Payable, Accounts Receivable, financial close, account reconciliations, accounting policy drafting and implementation, financial statement and management report preparation, and financial statement audit, primarily for Prime Energy Resources Development B.V.
• Interfaces with Finance counterpart of Service Contractor(s) for Joint Venture transactions.
• Performs other duties and responsibilities that may be assigned from time to time in support of business requirements and organizational objectives.

THE ROLE

Accounting, Financial Analysis and Financial Reporting:

• Supervise outsourced accounting staff responsible for daily accounting operations, including accounts payable and accounts receivable processes
• Review daily transactions, SAP postings, and account reconciliations prepared by outsourced personnel
• For more complex transactions, analyze and determine the appropriate accounting, PSC and tax treatment in consultation with the Tax Team and PSC Accountant, and prepare journal entries subject to the Controller's review
• Coordinate and drive the timely and accurate monthly financial close for assigned entity/ies, including preparation and first-level review of the trial balance, financial statements, management reports, and related schedules, for Controller oversight and final review
• Prepare annual financial statements in accordance with the Philippine Financial Reporting Framework and annual tax reports (including, but not limited to, the income tax return), and ensure their timely filing with relevant regulatory agencies
• Prepare findings reports and financial analyses to identify, resolve, and help prevent erroneous SAP postings, unrecorded transactions, control gaps, and potentially fraudulent transactions
• Draft, document, roll out, and periodically review accounting policies, procedures, and position papers for assigned entity/ies and processes, for Controller review and approval as applicable, and ensure their consistent implementation once approved

Audit:

• Proactively engage with auditors to align acceptable accounting treatments and help prevent potential audit issues
• Proactively engage with the Tax Team to align acceptable tax treatments and help prevent potential tax issues
• Support audit planning and coordinate day-to-day audit requirements, schedules, and responses for assigned entity/ies, in coordination with the Controller
• Review audit schedules and reconciliations prepared by outsourced accounting staff as required by external auditors
• Prepare audit schedules and reconciliations for more complex transactions
• Prepare accounting support for audit discussions, assist the Controller in resolving significant matters, and drive timely closure of audit exceptions within the accounting team's scope

Business Partnering, Value Management:

• Lead financial and scenario analyses, and provide accounting and reporting insights relevant to business decisions under consideration
• Assess and provide recommendations on the accounting, reporting, and control implications of initiatives intended to improve revenue realization or reduce costs

Process and Data Management:

• Support the standardization of accounting process guidance and working procedures for assigned entity/ies, and elevate significant policy judgments, cross-entity implications, or non-routine matters to the Controller
• Ensure the integrity and reliability of financial accounting data, records, and related accounting processes
• Provide accounting subject matter input to finance systems and process improvements, including process walkthroughs, validation of accounting requirements, testing support, and review of impacts on financial reporting and controls

Values:

• Supports Prime Group's culture and values on (a) Safety, (b) Value Creation, (c) Continuous Improvement, (d) Tenacity, and (e) Integrity

Dimensions:

• Financial accountability: Responsible for accounting close quality, financial reporting accuracy, audit readiness, and timely completion of regulatory and audit deliverables for assigned entity/ies, subject to Controller oversight
• External Relationships: Prime Infra, subsidiaries and affiliates, JV partners of different Service Contracts, External Auditors, Local Government Units, Bureau of Internal Revenue, and the Department of Energy (as needed)

THE INDIVIDUAL

Skills:

• Solid understanding of Philippine Financial Reporting Standards and Taxation
• Strong analytical skills, with the ability to identify complex issues and provide high-quality advice, support, and solutions
• Strong capability to draft accounting policies, document accounting positions, and translate technical standards into practical business guidance
• Detail-oriented
• Able and willing to handle multiple entities
• Able and willing to be part of a dynamic work environment
• A self-starter, highly motivated, decisive, and works with minimal supervision, as well as working effectively with both internal and external stakeholders

Work Experience/Professional Qualifications:

• Certified Public Accountant
• With external audit background preferably in a reputable auditing firm
• At least 7 years of relevant experience, including demonstrated responsibility for financial close, audit support, and resolution of complex accounting issues
• With demonstrated experience in leading month-end close, resolving complex accounting issues, and drafting or updating accounting policies and procedures
• Demonstrated ability to supervise accounting workstreams and guide outsourced or shared-service personnel to meet close, reporting, and audit requirements
• Preferably with SAP working knowledge relevant to financial accounting, reporting, and reconciliations
• Upstream Oil & Gas background is an advantage but not required.