Puma Energy International is a rapidly expanding, midstream and downstream oil company operating in over 35 countries across 5 continents. Headquartered in Singapore with regional offices in Geneva (Switzerland), Johannesburg (South Africa), San Juan (Puerto Rico) and Brisbane (Australia), we are a responsible supplier and storage facilitator of high-quality petroleum products.
Our midstream line of business unlocks value with storage capacity of 16 million barrels ("bbls"). This will be increased to approximately 26 million bbls by 2014 in accordance with the capital investment programme currently being implemented and various investment opportunities being originated. It makes Puma Energy one of the largest independent fuel storage operators. The downstream business supplies gasoil, gasoline, jet and niche products (like lubricants and bitumen) to a global network of over 1,300 retail service stations, 28 airports worldwide and the construction industry. This enables infrastructure development in emerging economies.
Puma Energy is a privately owned company with two strategic partners and main shareholders - Trafigura Group and Sonangol Holdings. Although the company operates at arms-length from both, it benefits from their management expertise and market knowledge.
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Our midstream line of business unlocks value with storage capacity of 16 million barrels ("bbls"). This will be increased to approximately 26 million bbls by 2014 in accordance with the capital investment programme currently being implemented and various investment opportunities being originated. It makes Puma Energy one of the largest independent fuel storage operators. The downstream business supplies gasoil, gasoline, jet and niche products (like lubricants and bitumen) to a global network of over 1,300 retail service stations, 28 airports worldwide and the construction industry. This enables infrastructure development in emerging economies.
Puma Energy is a privately owned company with two strategic partners and main shareholders - Trafigura Group and Sonangol Holdings. Although the company operates at arms-length from both, it benefits from their management expertise and market knowledge.
*LI-PU
Main Purpose
The Regional Consolidation Manager will be an integral member of the regional finance team reporting directly to the Regional Finance Officer based in Johannesburg and in close connexion with Consolidation Manager based in Geneva. The position will be responsible for the regional consolidation, preparation of external financial statements and various other monthly responsibilities.
Key Responsibilities
• Consolidating multiple entities in Oracle consolidation module, including all respective steps.
• Month end close including analytical reviews, running and analysing cross-check reports etc.
• Handling issues involving multiple currencies.
• IC reconciliations process including strong understanding of the IC transactions types, system process, coordination and reports.
• Review subsidiaries financials and flows.
• Review the monthly financial statements and related supporting information submitted by subsidiaries for completeness, accuracy and compliance with the Group Policies and IFRS.
• Investigate material variances/fluctuations on the consolidated balance sheet and cash flow statements, and provide related explanations to management.
• Assist with the Integration into the Monthly Close Process for all acquisitions, including providing process and system training to the respective finance teams.
• Provide technical accounting and system support to the Finance team
• Prepare consolidated financial statements for the region and schedules for the auditors.
• Prepares journal entries and maintains and reconciles ledger accounts.
• Maintains records of assets, liabilities and other financial transactions for books kept at regional level.
• Interpret reports and records for management and prepare special analysis as required.
• Works closely with personnel in other departments and countries to ensure compliance with accounting policies and procedures.
• Insures compliance with all internal control policies and procedures and implement control improvements based upon changing business conditions.
• Assist with training and integration of newly acquired entities in the monthly close process.
• Month end close including analytical reviews, running and analysing cross-check reports etc.
• Handling issues involving multiple currencies.
• IC reconciliations process including strong understanding of the IC transactions types, system process, coordination and reports.
• Review subsidiaries financials and flows.
• Review the monthly financial statements and related supporting information submitted by subsidiaries for completeness, accuracy and compliance with the Group Policies and IFRS.
• Investigate material variances/fluctuations on the consolidated balance sheet and cash flow statements, and provide related explanations to management.
• Assist with the Integration into the Monthly Close Process for all acquisitions, including providing process and system training to the respective finance teams.
• Provide technical accounting and system support to the Finance team
• Prepare consolidated financial statements for the region and schedules for the auditors.
• Prepares journal entries and maintains and reconciles ledger accounts.
• Maintains records of assets, liabilities and other financial transactions for books kept at regional level.
• Interpret reports and records for management and prepare special analysis as required.
• Works closely with personnel in other departments and countries to ensure compliance with accounting policies and procedures.
• Insures compliance with all internal control policies and procedures and implement control improvements based upon changing business conditions.
• Assist with training and integration of newly acquired entities in the monthly close process.
Knowledge Skills and Abilities
Knowledge & Experience
• Bachelor’s degree in accounting or finance.
• Minimum of 12 years of accounting experience and 5 years in consolidation at a corporate level.
• Knowledge of finance, accounting budgeting, and cost control procedures.
• Administrator level on Oracle Enterprise Performance Management (Hyperion Financial Management) compulsory.
• Advanced user of Microsoft Office tools, in particular Excel.
• Detail Orientated.
• Demonstrated ability to analyse and resolve complex problems.
• Ability to work in a cross functional environment.
• Excellent data review and processing skills.
• Excellent verbal and written communication skills.
Consolidation Manager• Bachelor’s degree in accounting or finance.
• Minimum of 12 years of accounting experience and 5 years in consolidation at a corporate level.
• Knowledge of finance, accounting budgeting, and cost control procedures.
• Administrator level on Oracle Enterprise Performance Management (Hyperion Financial Management) compulsory.
• Advanced user of Microsoft Office tools, in particular Excel.
• Detail Orientated.
• Demonstrated ability to analyse and resolve complex problems.
• Ability to work in a cross functional environment.
• Excellent data review and processing skills.
• Excellent verbal and written communication skills.
