Project Finance Analyst

3 days ago

Ayala Alabang, National Capital Region, Philippines Prime Energy (Prime Energy Resources Development B.V.) Full time
The Role
  • Support the successful submission of Work Program and Budget (WP&B) and Authority for Expenditure (AFE) to the Department of Energy (DoE) and/or Joint Venture (JV) partners and the yearly OP exercises.
  • Monitor and report all cost related transactions of the Projects within the assigned area/remit through partnerships with the Projects C&P team, Project Services team and larger Projects team, as necessary.
  • Support the Project Accountant, in all processes applicable, to maintain the integrity of the Project costs recording and reporting in compliance with applicable accounting standards, especially during the Periodic End Closing Activities.
  • Support and/or proactively lead the regular Cash Call activity and necessary improvement initiatives to optimize Projects funding forecasting and utilization.
  • Support and/or proactively drive the robustness of the Requisition to Pay processes impacting delivery and achievement of the Project goals.
  • Provide support, and as determined, leads ad hoc activities and improvement initiatives in support of Prime Energy's goals/Must Wins.
  • Provide financial insights and guidance, and support financial activities needed in the Projects organization.
  • Handle proper analysis and monitoring of Projects capital expenditure and perform account reconciliation to ascertain data integrity and accuracy ensuring adherence to applicable accounting standards and in compliance with SC38/JOA provisions.
  • Support timely provision of financial reports and budget updates, as well as Projects forecasts or Latest Estimates (LE).
  • Support, and as applicable lead, the RTP-Invoice Processing process for Projects. Leveraging Projects Accounts Payable partner (i.e., BPOI) and co-working with Project Services team, monitor vendor payables, ensures correct and timely payments are always complied with and that issues are resolved in accordance with set standards.
  • Support, and as applicable lead, specific processes within the Month-End Closing Activities for Projects, ensuring accuracy of financial data and timeliness are adhered to. In the process, close collaboration and coordination with Project Services, Base Business Finance team and other relevant teams are maintained.
  • Support, and as applicable lead, the regular Joint Venture Cash Call requirements for Projects.
  • Participate in P&L and Cash Flow Analysis and Balance Sheet Reviews related to the Projects in co-working with Base Business Finance Controllership team.
  • Maximize the recovery of cost through shareholders/partners related recovery and/or Government related cost recovery.
The Individual
  • Open to working onsite in Alabang and on a two-year contract.
  • Bachelor's degree in Accounting or related field.
  • More than 5 years' work experience in any field of Finance, preferably CPA.
  • With work experience in financial planning and analysis (FP&A), Finance Controllership work or relevant Finance processes.
  • With experience in Oil and Gas accounting/Upstream, an advantage.
  • A self-starter, highly motivated, decisive, and works with minimal supervision, as well as working effectively and collaboratively with both internal and external stakeholders of Prime Energy.
  • Individual contributor who can recognize complex issues and provide top quality advice, support, and solutions.
Position Details
  • Seniority level: Not Applicable
  • Employment type: Contract
  • Job function: Accounting/Auditing and Finance
  • Industries: Oil and Gas, Oil and Coal Product Manufacturing, and Oil, Gas, and Mining

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