Risk Management Accountant
4 days ago
About Petrofac
Petrofac is a global leader in providing high-quality services to the energy industry, with a diverse client portfolio that includes many of the world's leading energy companies.
We strive to support flexible working requests and have adopted a hybrid approach for most of our office-based roles. Employees are required to be present in the office at least three days per week.
The Opportunity
This role offers the chance to work with a talented team as a Risk Management Accountant, assisting with risk awareness, risk management, and internal control in Asset Solutions, and contributing to the strengthening and streamlining of controls within the business.
Key Responsibilities
- Monthly control reviews in accordance with Control Operating Requirements set by Group Finance.
- Preparation and assessment of bi-annual Financial Control Questionnaires (COSA) and associated processes to identify and address gaps in controls.
- Delivery of training and general awareness sessions to functional teams to embed policy and financial control requirements.
- Support with internal audit queries and resolution of outstanding actions.
- Collaboration with the Internal Controls Lead on governance site visits and desktop reviews of Asset Solutions entities to ensure adherence to CORS.
- Monitoring of balance sheet reconciliation compliance across the Business Unit using ARCS (Account reconciliation tool).
- Review and updating of Asset Solutions Finance processes to ensure they remain current, aligned with Group policies, and effectively manage key risks and controls.
- Improvement and simplification of existing processes and controls through automation, consistency, and standardization.
- Regular risk register reviews with the BU Finance Team.
- Analysis and preparation of Red Flag Bank Details enquiries and processing for approval.
- Support in managing Credit Worthiness assessments of new business Clients.
Requirements
- Chartered or certified accountant qualification, e.g., ICAS/ACCA/CIMA/ACT.
- Knowledge of internal control frameworks and accounting principles.
- Experience in regulated Internal Controls environments like SOX (Sarbanes Oxley) or company-enforced ICOFR would be beneficial, though not mandatory as training will be provided.
- A continuous improvement mindset, willingness to challenge the status quo, and proactive problem-solving skills.
- Meticulous attention to detail and a risk-based analytical approach.
- Proficiency in Excel and experience with MS Office.
- Ability to work independently and collaborate effectively with others.
- Excellent interpersonal and communication skills.
- Desirable experience working on an ERP system, preferably Oracle.
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