Finance Business Partner

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.

This is an exciting time to join us on this journey.

We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.

Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?

JOB TITLE: Finance Business Partner 

The purpose of the role preparing, analysing and reporting financial information to support business decision-making. This role ensures accurate financial reporting, forecasting, cost management and analysis of results. 

Responsibilities will include:

• Lead and manage a team of 2 finance professionals to ensure accurate and timely delivery of accounting tasks, including project financials, reconciliations, and reporting.

• Provide coaching, guidance, and performance feedback to support team development and growth

• Provide accounting advice and support on complex accounting matters, ensuring adherence to International Financial Reporting Standards (IFRS)

• Oversight of project financials, including review of sales and cost accruals, monthly review of the ageing of unbilled transactions and accrued income.

• Leading and collaborating with finance and cost controls team for monthly project closure to ensure timely and accurate reporting of financial results

• Management of standard costing calculation including actuals to standard costing reconciliation monthly

• Oversight and management of reconciliation of payroll charges

• Revenue/cost accrual/provision for ad hoc items

• Annual leave and long service leave accrual

• Prepare weekly payment request to ensure all vendors are paid on time

• Preparation and management of liquidity report  

• Planning for cashflow and liquidity purpose to ensure all vendor payments, payroll and tax obligations are met for Australia and NZ

• Oversee payment release from AP and Treasury after board approval each week

• Oversight of Accounts receivable balances. Follow up queries/requests to / from management/client regarding aged receivables

• Assist in audit and year end disclosure requirements

• Assist with monthly balance sheet reconciliations

• Assist the Finance compliance team with inputs and queries

• Review and analysis of overhead projects to ensure overhead costs are appropriately reflected and are within the budget. Prepare monthly overhead analysis pack and review with Finance Director

• Assist Finance Director with Project P&L analysis and monthly reporting packs

• Initiate process improvements and contribute to achieving organisational objectives 

Essential Qualifications and Skills:

• A recognised degree in Accountancy. 
• Qualified CPA / CA / Nearing completion 
• Overall, 7 to 10 years of core accounting experience with minimum 5 years of experience in Project Finance
• Minimum 2-3 years Oil and Gas Project finance experience
• Financial Acumen - A deep understanding of financial principles, accounting standards, and financial analysis techniques is essential. This includes proficiency in financial modelling, budgeting, forecasting, and variance analysis.
• Business Understanding - A strong grasp of the business of the company, including its industry, market dynamics, and competitive landscape. This enables them to provide relevant and impactful financial advice.
• Communication Skills - Effective communication is critical for this role, as it’s required to convey complex financial information to non-financial stakeholders. This requires strong verbal and written communication skills, as well as the ability to create compelling presentations.
• Analytical Thinking – This role must possess strong analytical skills to interpret financial data, identify trends, and draw meaningful conclusions. This involves critical thinking, problem-solving, and the ability to make data-driven decisions
• Relationship Building - Building strong relationships with key stakeholders is vital for this role. This includes collaborating with department heads, senior management, and other finance team members to ensure alignment and drive business performance.
• Leveraging Technology – This role must stay abreast of technological advancement, such as Oracle ERP system, data analytics tools and financial software, to enhance the effectiveness and drive better business outcomes.
• Financial Analysis and Interpretation – This role must be able to interpret financial statements, including the balance sheet, income statement, and cash flow statement. This involves not only understanding the numbers but also the story they tell about the company’s financial health and performance.
• Cost Management - Effective cost control measures are vital for maintaining profitability. This includes monitoring expenses, identifying cost-saving opportunities, and implementing cost-reduction strategies without compromising quality. Understanding and applying activity-based costing (ABC) in accurately allocating overhead costs to products or services.

#LI-SM2