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Overheads Accountant

2 months ago

Singapur, Singapore TotalEnergies Full time
Job Summary

We are seeking a highly skilled Overheads Accountant to join our team at TotalEnergies. As a key member of our finance department, you will be responsible for ensuring the accuracy and compliance of our financial reporting and accounting processes.

Key Responsibilities
  • Perform accounting and reporting requirements for the Singapore office in accordance with TotalEnergies Group and T&S standards and procedures, local and various regulations.
  • Responsible for the accounting records of all general administration costs in the Singapore Office.
  • Check and post all approved general administration invoices and employee claims timely and accurately.
  • Understand the cost allocation methodologies and keep the cost allocation ratios up to date for accurate allocation of overhead costs to different business segments and trading books.
  • Responsible for the recording and justification of accruals for any general administration costs, as well as periodic review and following up on accruals and provision with the respective departments.
  • Ensure all accounting activities for monthly, quarterly and annual closing are completed timely and accurately, complied with regulatory requirements and accounting standards.
  • Responsible for recharging process, ensuring accurate and timely issuance of invoices and debit/credit notes for intercompany charges across the different group affiliates on hosting services, services provided or service performed on behalf.
  • Responsible for preparation of tax computation and liaison with tax agent on tax matters as well as providing schedules required for filing of ECI and final tax computation.
  • Maintenance of accurate financial records to prepare monthly full set of accounts for various stakeholders (local management and Geneva Finance teams, T&S management).
  • Reconcile monthly, quarterly and annual inter-company transactions between Singapore office and other affiliate entities to support group reporting reconciliations.
  • Ensure complete and accurate recording and declaration of GST and Withholding tax for general administration expenses to the Singapore tax authority (IRAS), as well as preparation of Quarterly GST Tax returns.
  • Support internal and external audits by providing documentation and explanations related to overhead expenses.
  • Prepare regular reports and presentations on overhead expenditures, with variance analysis on actual expenditure against budgeted amounts/historical data and investigating variances as needed.
  • Involve in Overhead budgeting process, prepare accurate forecasts and budgets for overhead expenses based on historical trends, market conditions, business objectives and information from various departments.
  • Prepare and submit all surveys from Government authorities (Department of Statistics, Enterprise Singapore, Monetary Authority of Singapore), within the specified deadline.
  • Special focus on ensuring that the company's accounting records are compliant with the requirements of the company's membership of the Global Trader Programme ('GTP') and accurately reflect in the annual tax computation.
  • Liaison with and the ability to maintain a productive and professional relationship across various departments and around different colleagues handling different roles within the company, to ensure efficiency in daily work processes.
  • Stay updated in industry trends, regulatory changes to ensure compliance.
  • Communication with Geneva and US office for financial reporting guidance and sharing; and with external parties such as tax advisors.
  • Assist in ad hoc financial analysis and projects as required.
Work Environment
  • Activity particularly increases around month-end, quarter-end, financial year-end and during the statutory audit.
  • Jobholder to assist in ensuring TTA's accounting and reporting meet the requirements and in compliance with the many regulations that TTA is subjected to – all within an environment where the team must meet strict deadlines.
  • TTA supports TotalEnergies' Group Asian marketing activities in addition to international trading and marketing with TOTSA in Fuel Oil, Mid-Distillates, Gasoline, Naphtha, LPG, Crude Oil Products and Petrochemicals.