Internal Controls Specialist
3 days ago
About Petrofac
Petrofac is a leading international service provider to the energy industry, delivering high-quality services to our clients across various sectors.
We value our people and treat everyone who works for or with us fairly and without discrimination. Our diverse client portfolio includes many of the world's leading energy companies.
At Petrofac, we are committed to supporting flexible working requests and have adopted a hybrid approach for most of our office-based roles. Employees are expected to be present in the office at least three days per week.
The Role
This exciting opportunity has arisen for an Internal Controls Specialist to join our team. The successful candidate will assist with risk awareness, risk management, and internal control in Asset Solutions, supporting the strengthening and streamlining of controls within the business along with financial process improvement/efficiency.
Key Responsibilities
- Completion of monthly control reviews in alignment with Control Operating Requirements set by Group Finance.
- Assistance in the preparation and assessment of the bi-annually Financial Control Questionnaires (COSA) and process to ensure gaps in controls are followed up and addressed including completion and reporting.
- Support of training and general awareness sessions to functional teams to embed policy and financial control requirements or other related topics.
- Assistance with internal audit queries and close out of actions.
- Collaboration with Internal Controls Lead on governance site visits and desktop reviews of Asset Solutions entities, focusing on compliance to CORS.
- Monitoring of balance sheet reconciliation compliance across the BU, via ARCS (Account reconciliation tool).
- Networking internally to complete ongoing review and update of documentation of Asset Solutions Finance processes to ensure that these are current, cover all key risks and controls, and are in alignment with Group policies.
- Work with Business to improve and simplify current processes and controls through automation, consistency of process etc.
- Conduct of monthly risk register reviews with BU Finance Team.
- Preparation and analysis of Red Flag Bank Details enquiries & processing for approval.
- Provision of assistance and analysis as part of the management of Credit Worthiness assessments of new business Clients.
Essential Qualifications And Skills
- Part or fully qualified accountant, ICAS/ACCA/CIMA/ACT or equivalent.
- Understanding of internal control framework and underlying accounting principles.
- Experience of working within a regulated Internal Controls environment such as SOX (Sarbanes Oxley) or company enforced ICOFR (Internal Controls Over Financial Reporting process would be advantageous but not essential as training will be provided.
- Continuous improvement mindset not afraid to challenge the status quo and proactively find solutions.
- Closely attention to detail and risk-based mind set in analytic review.
- Competent in Excel and experience in MS Office.
- Ability to work well independently.
- Strong interpersonal skills.
- Good written and oral communication skills.
- Preferably experience working on an ERP system, ideally Oracle.
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