Job Description

Selangor, Malaysia

Job Family Group: Finance

Worker Type: Regular

Posting Start Date: October 4, 2022

Business unit: Finance

Experience Level: Early Careers

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Where you fit

Perform and support daily operations of the DS Energy Accounting teams in Contracts & Pricing, and Stock Valuation. Provide proactively issue resolution to support E2E process and value chain in Hydrocarbon area. To ensure the timely and accurate recording and reconciliation of HM stocks for relevant plants by validating all incoming and outgoing movements and posting the relevant book to physical loss/gain for month end closure. Deliver assigned activities and drive for operational excellence within the team.

What's the role?

1. Inventory Valuation

• Execute and ensure timely completion of all the activities of the Stock Valuation & Margin Segmentation Team including the running of stock valuation programs at month end, which includes FIFO, NRV, CCS, COGS, GINI and GRANI.
• Complete balance sheet recons and update status on a monthly basis in Blackline tool.
• Capture manual journal entries in GSAP R/3.

2. HM Settlement

• Operate Hydrocarbon Management Accounts Payable and Receivable processes
• Ensure that all payments and receipts are made in accordance with relevant contracts.
• Verify Hydrocarbon invoices and sent for further processing. Troubleshoot issues relating to HM payments and receivables.
• Undertake Intercompany payments / receivables specific to HM
• Ensure timely submission of reports or commentaries required for listed companies
• Ensure strict compliance with payment / receipt deadlines.
• Prepare manual journal entries in accordance to FCM controls
• Reconciliation of relevant accounts using Blackline tool. Execution RDS / FCM controls per controls role mapping requirements.
• To ensure timely and accurate deliveries of team's KPIs

3. Recording and Reconciliation

• Validate that all movement transactions which have physically taken place have been accurately and completely recorded in the system before stocks are reconciled.
• Validate if discrepancies exist, that they are being investigated and resolved on timely basis.
• Reconcile book vs physical stocks on regular basis, and on time for period end close.
• Obtain and validate the following in Third Party operated depots/Exchange locations/pipelines: Shell daily throughput figures, Gain/loss figures as agreed with 3rd parties, Shell physical stock information for period end stock reconciliation
• Investigate and resolve any discrepancies with figures from 3rd party operated depots, including stock differences outside of tolerance.
• Post any final stock differences within allowed tolerance to the appropriate gain/loss accounts in accordance to the Manual of Authorities (MoA), in compliance with GSAP and SOX 404 guidelines.
• Prepares overview of losses & gains for approval.
• Governance and Assurance
• Ensure compliance with all Global standards and streamline policies

4. Risk Management

• Identify and understand key components/movements in Inventories GL and key contract details updated in the system (e.g. fixed price/ formula price).
• Do "hands on" to investigate and troubleshoot issues.

5. Financial Controls

• Understand and implement the corresponding financial controls associated with the process to mitigate financial reporting risks.
• Ensure timely storage of evidence on task carried out in Global Records Management System.

6. Business Partnering

• Work closely with the ERA team, depot and refinery staff, and Supply Operations.
• Provide information to direct stakeholders timely, accurately, and professionally

7. Business Performance Management

• Identify and assist in developing solutions for issues identified for operating units in scope of role

8. Process and Data Management

• Apply ESSA (Eliminate, Simplify, Standardize, Automate) mindset to drive process simplification and improvement

Role requirement

• Strong financial background and understanding of internal controls
• Degree in Finance/Accounting, preferably with professional certification (i.e. ACCA/CIMA/CPA, etc.)
• Minimum 2 years' experience in any Accounting-related field. (Understanding of SAP is an added advantage)
• Strong adherence to processes, policies, and procedures
• Good problem-solving skills, analytical abilities, and inquisitive mindset
• Excellent communication skills (both written and oral) as well as interpersonal and relationship building skills
• Understanding of product measurement and accounting practices, inventory management, costing and impact on stock valuations is an added advantage
• Capable of working under pressure and highly driven to meet deadlines
• Ability to work independently and as part of a team
• Ability to integrate business and process knowledge
• Willing to work across time zones as needed

Company Description

Shell Business Operations (SBO) is a chain of operational centers that form an integral part of Royal Dutch Shell. We influence business development for Shell globally, enabling the work of 93,000 employees in over 70 countries across the world.

SBO Kuala Lumpur is home to 11 different functions that support Shell within the Southeast Asia, Oceania, and Middle East region. Housing more than 2000 employees, SBO Kuala Lumpur is focused on driving excellent corporate performance that enable Shell to operate in a global competitive and ever-changing business environment.

Shell Business Operations (SBO) Kuala Lumpur is focused on driving excellent corporate performance in Contracting and Procurement, Creative Solutions, Customer Operations, Finance Operations, Human Resource, Information Technology, Legal Operations, Retail Centre of Excellence, Supply Chain, Technical Asset Operation and Upstream Transformation. We enable Shell to operate in a global-competitive and ever-changing business environment.

An Innovative Place to Work

There's never been a more exciting time to work at Shell. Everyone here is helping solve one of the biggest challenges facing the world today: bringing the benefits of energy to everyone on the planet, whilst managing the risks of climate change.

Join us and you'll add your talent and imagination to a business with the power to shape the future - whether by investing in renewables, exploring new ways to store energy or developing technology that helps the world to use energy more efficiently.

An Inclusive & Progressive Place to Work

To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we're nurturing an inclusive environment - one where you can express your ideas, extend your skills and reach your potential.

• We're creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply and we'll take it from there.
• We're closing the gender gap - whether that's through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
• We're striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.
• We offer several flexible working arrangements subject to business requirements for our employees to help support work-life balance.

A Rewarding Place to Work

Combine our creative, collaborative environment and global operations with an impressive range of benefits and joining Shell becomes an inspired career choice. Our CARE benefits are mindfully curated to promote Eco Living, overall Wellbeing, Personal Growth and Caring for our loved ones.

We're huge advocates for career development. We'll encourage you to try new roles and experience new settings. By pushing people to reach their potential, we frequently help them find skills they never knew they had, or make career moves they never thought possible.

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