Assistant Manager, Upstream Finance

About PETROS:

At PETROS, we aim to achieve sustainable development for Sarawak and the nation through responsible resource management. We embarked on this journey with a purpose: Harnessing Resources for the Sustainable Progress of Sarawak and Beyond. Through innovation, collaboration and a forward-thinking approach, PETROS aims to pioneer solutions that pave the way for a more sustainable and equitable energy future.

Position Overview:

This role is responsible for driving financial analysis and delivering strategic insights across upstream business segments, including joint ventures and key projects. It supports informed decision-making by aligning financial planning and performance with the company’s objectives within the oil and gas sector.

Key Responsibilities:

• Provide financial support for NOV upstream operations by reviewing work program and budget submissions, analyzing JV cost performance, validating partner billings, and ensuring alignment with PSC and JOA terms, while collaborating with stakeholders to support decision-making and uphold financial governance in a non-operating partner capacity.
• Support financial processes related to Production Sharing Contracts (PSCs), joint ventures, and regulatory compliance by assisting in cost recovery validation and ensure adherence to JOA and PSC terms. Contribute to  stakeholder coordination, review JIB and QAA cost and activities.
• JV Audit lead - Responsible for planning, executing, and managing joint venture audits in accordance with PSC and JOA agreements. This includes reviewing cost shareability, cost recovery claims, coordinating with JV partners and internal stakeholders, preparing audit reports, and ensuring timely resolution of audit findings
• Support Head Upstream Finance in ensuring upstream expenditures remain within approved budgets and comply with PETROS’ Level of Authority (LOA). Support in-year monitoring of Profit & Loss (P&L) and Free Cash Flow (FCF) against the business plan for the assigned PSCs in-charge, proactively identifying variances and providing timely insights and recommendations to management to support informed decision-making and achievement of financial targets.
• Engage with internal and external stakeholders—including technical teams, auditors, and JV partners—to ensure transparent financial communication and alignment on key initiatives.
• Support finance process improvements by assisting in ERP system enhancements (e.g., SAP modules), strengthening internal controls, and promoting automation to streamline accounting workflows, improve reporting accuracy, and drive operational excellence.

Qualifications and Experience:

• Bachelor’s Degree in Accounting, Finance, or a relevant professional qualification (e.g. ACCA, CPA, CA).
• Minimum 10 years of experience in accounting field.
• Good command of financial reporting standards (e.g. IFRS) and regulatory compliance. Sound knowledge of Malaysia upstream-specific reporting (e.g. PSCs, R/C cost recovery terms) would be an advantage.
• Critical thinker & problem solver with a keen eye for financial details.
• A results-driven, detail-oriented professional who meets deadlines with accuracy.
• Excellent communication skills with strong interpersonal skills.
• Team player with the ability to collaborate across various functions.
• Proactive, committed, and adaptable, ready to embrace challenges.
• Independent and able to work under tight deadlines.
• Relevant professional qualification (e.g. MIA, ACCA, CPA, CA).

What We Offer:

• A dynamic and inclusive work environment that fosters growth and innovation.
• Competitive compensation and benefits package.
• Opportunities for professional development and career advancement within a global organization.
• The chance to be part of transformative projects that impact Sarawak and beyond.

Application Deadline: 15 May 2026