JOB PURPOSE

• Develop and consolidate budgets for MISC Group to ensure cohesiveness and consistency with the Group’s strategies as well as ensure optimal group resource prioritisation to support the Group’s business growth and operational needs. Analyse MISC Group’s monthly, quarterly, yearly results as well as year-end projections to support decision making and strategic response by senior management and board of directors.
• Ensure effective and accurate preparation of management reporting, comprehensive and compliant with the statutory and reporting requirements.
• Manage other reporting requirements including Balanced Scorecard, Town Hall presentation, New Director Information Pack, Competitor Analysis and Vice President Finance Remarks for the Annual Report.
• Manage submission of the reports and responses to queries from PETRONAS and Corporate Planning department.
• Lead and collaborate with other team members in Special Projects/Ad-Hoc Projects (if any).

PRINCIPAL ACCOUNTABILITIES:

Budgeting Framework, Policies, Procedures and Tools

• Manage development, review and enhancement of a robust and integrated Budgeting framework, policies, procedures and tools to support the Group’s business growth and operational needs.
• Custodian/Expert user of budgeting system

Budgeting Timeline, Parameters and Preparation

• Establish and communicate integrated budget timeline to Business Unit (BU) after assessing key dates/deliverables and interdependencies between BUs.
• Determine and communicate Group (General) budget Parameters to BU.
• Update master data in the budgeting system and manual templates for dissemination to budget users
• Conduct annual system refresher training for budget systems
• Co-ordinate & manage the preparation of MISC Berhad budget, including depreciation budget, special purpose vehicle companies as well as G&A budget.
• Consolidate G&A YEP from BU, compute budgeted year’s proposed G&A, and assist in obtaining approval from Group Leadership Team.
• Perform allocation of corporate G&A to respective BU’s.

Budgeting Consolidation, Analysis & Submission

• Manage and analyze submission of BU master budget ensuring the details are logical and reasonable.
• Run two sets of budget consolidation at Group level, i.e. One for Committed Capex only (Petronas Submission) and one for all in Capex
• Perform financial analysis and scenario simulation on consolidated budget at Group level.
• Prepare and assist to present budget pack to Leadership Team and BOD.
• Conduct and manage feedback and lesson learnt sessions from previous budget phase to ensure mitigation actions are assigned and tracked for improvements.
• Manage submission of Group budget to PETRONAS.

CAPEX Ranking

• Assist with establishing CAPEX affordability BU and Group based on BU CAPEX submission to facilitate CAPEX ranking review at Group level.
• Analyse CAPEX ranking and assist to provide recommendations.

Monthly/Quarterly/Yearly Performance Results

• Perform the monthly/quarterly/yearly review of the Group’s achievement of actual performance against annual budget to project the achievement of revenue targets and the sufficiency of funds set aside to support business growth and operational needs.
• Perform the monthly/quarterly/yearly financial result consolidation of BU/SU and analyze the financial performance (actual vs budget) for Management Committee, Group Leadership Team and Group Board.

Management Reporting Planning & Generation

• Develop Group management reporting timeline and update Group management report working template based on any new Group reporting requirements.
• Extract and gather data for Group management Reporting and produce consolidated management performance reports at Group level.
• Perform variance analysis & scenario simulation as part of management reporting.
• Provide commentary and key insights on Group performance.
• Prepare ad-hoc management reports based on requirements raised by stakeholders.
• Provide additional insights on how the BU is performing and empowering decision makers with the right insights.

Management Reporting Presentation & Submission

• Prepare and distribute Group management reports for consumption.
• Prepare management reporting pack to Group Leadership Team and submit consolidated management reports to PETRONAS.
• Develop overall action plans for performance improvement.

Business Partner

• Work closely with assigned BU during BU preparation of year end projections as well as annual budgets.
• Provide accounting advice to BU and challenge BU’s assumptions on year end projections and budget inputs.

Credit Ratings Review

• Assist in the preparation of the reporting requirement for the Annual Rating Review exercise with Moody’s, S&P and MARC or relevant organisation to achieve the best credit rating for the company.

Stakeholder Management

• Assist the preparation of financial analysis and FAQ for Analyst Briefing sessions on quarterly/yearly basis.
• Prepare townhall quotes and slides on quarterly basis for MISC Group information dissemination.
• Manage the Review of Group Performance write up for Bursa Announcement
• Prepare ad-hoc presentation slides for new BOD member onboarding and Petronas BOD presentation
• Assist the Public Relations team in answering questions from analysts
• Assist the Statutory Accounts team in preparing Annual General Meeting FAQs

Special Projects/Ad-Hoc Projects/Ad-Hoc Requests

• Support head and /or collaborate with other team members in Special Projects/Ad-Hoc Projects (if any).
• Manage the Group Competitor Analysis workings and presentation slides
• Manage other reporting requirements including Balanced Scorecard and Vice President Finance Remarks for the Annual Report.
• Manage PETRONAS report submission for Budget, YEP, and Performance Analysis.
• Manage internal reporting with the Corporate Planning Division for performance updates

EXPERIENCE:

• At least 10 - 12 years of relevant working experience.
• Exposure in managerial capacity/position with working experience in accounting/ finance/ corporate planning. Involved in budget preparation/ financial forecasting/ financial modelling/ preparation of management reports and accounts for senior management/ board of directors.

QUALIFICATION:

• Degree in Accounting/ Finance/ Business or equivalent, with accounting/finance background and/or working knowledge in Finance/Financial Reporting; and/or
• Professional accounting qualification or a postgraduate degree [e.g., CIMA, ACCA, ICAEW, MICPA, CPA or Chartered Financial Analyst (“CFA”)].