Senior Analyst, Business AnalysisPosted On : October 3, 2024
Location : Kuala Lumpur
Job Function : Business Planning
Employment Type : PermanentDUTIES AND RESPONSIBILITIES
The Business Analyst plays a pivotal role in supporting the organization's financial and strategic objectives by facilitating business planning, monitoring financial performance, and providing valuable insights for decision-making.
Responsibilities include developing annual budgets, analyzing key performance indicators, supporting capital budgeting processes, overseeing insurance coverage, and contributing to various financial reporting exercises.
KEY ACCOUNTABILITIES
Business Planning Support:Facilitate discussions and development of Work Program & Budget (WPB) and Business Plan (BP) (Internal budget) to align with financial and strategic objectives set by external (PBE) and internal parties.
Consolidate line Departments input for WPB and BP and understand basis and challenge the budget inputs where applicable.
Support business plan analysis required by various departments to assess impacts and inform decision-making.
Ensure timely and accurate preparation of all internal and external reports and presentation packs.
Conduct reforecasting exercises to align budget utilization with objectives and ensuring alignment with LOA.
Provide analysis and recommendations to optimize asset value under different scenarios.
Stakeholder management – engage with partners and regulatory authorities on budget submission and revision.Financial Performance Monitoring and Reporting:Monitor and report overall financial KPIs including Cashflow, production, expenditures, and reserves to ensure alignment with goals.
Track actual expenditure against plans and reforecasts, highlighting discrepancies for corrective actions.
Submit External reports and updates such as IOM, TCM, MCM, CC and SOCM and submit internal reports including monthly management pack, CBU and Barbados Board Meeting updates.Capital Budgeting and Analysis:Support capital budgeting and financial planning exercises to ensure accurate forecasts and measurement against set budgets.
Analyse capital budgets to ensure that projects meet criteria set by management for pay-out.Technical and Finance Process Support:Support internal and external capital approval processes.
Analyse budget revisions, ensure compliance with AFE requests, and manage WBS creation.
Review accruals, verify postings, and maintain compliance with reporting guidelines.
AMIR Coordination and submission – Coordinate data consolidation, system uploads, and both internal and external reviews. Prepare meeting minutes and ensure compliance with submission requirements.
Maintain G&A allocation models and prepare Actual G&A report for internal consumption.
Prepare and submits COEP, GEP and AFE reports to finance for external reporting submission.Operational Insurance:Review risk exposures and ensure necessary insurance coverage are in place prior to project commencement or prior to Operational Insurance anniversary.
Ensure loss claims are fully supported, and Insurance Brokers/Underwriters are fully appraised of the situation.
Review and provide recommendation for any insurance exceptions raised during tendering and contracting.Mentorship and Training:Mentor junior staff and raise awareness among technical staff on the coordination of technical and business objectives, recommending appropriate training as needed.Long term evaluation:Prepare inputs for long-term submissions including Capital Expenditure (Capex), Operating Expenditure (Opex), and Abandonment Expenditure (Abex) for external and internal reporting which includes but not limited to ARPR, AVF, and any corporate Strategic plan submission.Additional Contributions:Participate in meetings, update financial reports, and provide audit support for PSC audits and PHA audits.
Identify and lead continuous improvement projects for systems, processes, and practices to increase operational effectiveness.REQUIREMENTS AND QUALIFICATIONS
Candidates should hold a Bachelor's degree in Finance, Economics, Accounting, Business Administration, Engineering, or a related field. An advanced degree is preferred.
Minimum 10 years' experience in the upstream oil and gas industry as an operator.
Experience in PSC or other types of upstream petroleum agreements preferred.
Experience in either Petroleum Engineering or Reservoir Engineering or Projects is an added advantage.
Planning and organizing with strong analytical skills and attention to detail.
Advanced computer skills, in MS Excel, Power Points and Power BI.
Excellent communication and presentation skills.#J-18808-Ljbffr