Analyst - DS Energy Accounting
What’s the role
The DS Energy Accounting process extends across many steps in the lifecycle of hydrocarbon stock in Group from recording contracts for purchases and sales of stock in our systems, recording stock movements, stock reconciliations, invoicing for stock sales and payments for stock purchases, through to stock valuation. Energy Accounting forms part of the wider Energy Risk and Accounting (ERA) process which has been identified as one of the five key processes in which Group will focus to improve further its competitive position and close the value gap. The ERA processes undertaken at KL support a number of downstream businesses, principally Trading and Supply, but also Aviation, Bitumen, Lubes and Manufacturing and support businesses located predominantly in East.
To ensure timely and accurate payment of Hydrocarbon Management’s (HM) payables, and settlement of Hydrocarbon Management’s receivables. Perform and support daily operations of the Hydrocarbon teams in Stock Recording and Reconciliation, Contracts & Pricing, and Stock Valuation. Proactively provide issue resolution to support E2E process and value chain in Hydrocarbon area. Deliver assigned activities and drive for operational excellence within the team.
What you’ll be doing
Operate Hydrocarbon Management Accounts Payable and Receivable processes.
Ensure that all payments and receipts are made in accordance with relevant contracts.
Verify and process Hydrocarbon invoices.
Troubleshoot issues relating to HM payments and receivables.
Ensure strict compliance with payment / receipt deadlines.
Ensure that all contract requests are approved, reviewed and updated into the system according to agreed timeline
Identify and understand key components/movements in Inventories GL and key contract details updated in the system (e.g. fixed price/ formula price)
Execute and ensure timely completion of all the activities of the Stock Valuation & Margin Segmentation Team including the running of stock valuation programs at the month end, which include FIFO, NRV, CCS, COGS, GINI and GRANI
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 a timely basis
Reconcile book vs physical stocks on regular basis, and on time for period end close
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
Ensure compliance with all Global standards and streamline policies (i.e. OMP policies and IFRS standards)
Understand and implement the corresponding financial controls associated with the process to mitigate financial reporting risks
Execution RDS / FCM controls / Key Controls and Non-Key Controls as per controls role mapping requirements and in compliance to Shell Controls Framework
Ensure timely storage of evidence on task carried out in Global Records Management System
Prepare manual journal entries in accordance to FCM controls
Reconciliation of relevant accounts using Blackline
Provide information to direct stakeholders timely, accurately, and professionally
Ensure timely and accurate deliveries of team’s KPIs
Projects / Assignments Participate (which include delivery of the deliverables within the stipulated timeline, issues escalation and manage expectation gaps) in external and internal rollout / projects / assignments
Process Improvements and Convergence Continuous Improvement ideas and solutions to achieve efficiencies and effectiveness in performing tasks and assist in implementation
DIMENSIONS
Process: Stock Recording & Reconciliation, Stock Valuation, Contract and Pricing & HM Settlement
Geographical Scope: China & Hong Kong & Macau
Reports directly to Team Manager
What you bring
Degree in Finance/Accounting, preferably with professional certification (i.e. ACCA/CIMA/CPA, etc.)
Strong financial background and understanding of internal controls
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
Ability to gain an in-depth knowledge and understanding of GSAP contracts, pricing and material movements, its relation to settlement process, the source, document flow & associated fields
Willing to work across time zones if needed
Proficiency (read/write/speak) in Mandarin language
What we offer
You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.
Progress as a person as we work on the energy transition together.
Continuously grow the transferable skills you need to get ahead.
Work at the forefront of technology, trends, and practices.
Collaborate with experienced colleagues with unique expertise.
Achieve your balance in a values-led culture that encourages you to be the best version of yourself.
Benefit from flexible working hours, and the possibility of remote/mobile working.
Perform at your best with a competitive starting salary and annual performance related salary increase – our pay and benefits packages are considered to be among the best in the world.
Take advantage of paid parental leave, including for non-birthing parents.
Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.
Grow as you progress through diverse career opportunities in national and
international teams.
Gain access to a wide range of training and development programmes.
We'd like you to know that Shell has a bold goal: to become one of the world’s most diverse and inclusive companies. You can get to know more about how we're working towards that goal, click here.
Shell Business Operations (SBO) in Malaysia
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