Who are we
Jadestone Energy is an independent oil and gas production company focused on the Asia Pacific region. In 2021, Jadestone acquired SapuraOMV's assets in Peninsular Malaysia. These assets include interests in four licenses, two of which Jadestone has operated since the 2021 acquisition. These include a 70% operated interest in the PM329 PSC, containing the East Piatu field, and a 60% operated interest in the PM323 PSC, which contains the East Belumut, West Belumut and Chermingat fields.
In addition, Jadestone acquired a 50% non-operated working interest in the PM318 and AAKBNLP PSCs, which were operated by PETRONAS Carigali. Jadestone assumed operatorship and full interest of those two PSCs early 2023 and is now engaged with PETRONAS on a path to unlocking additional value through these assets.
Outside of Malaysia, the Company has a 100% operated working interest in the Stag oilfield and in the Montara project, both offshore Australia. Both the Stag and Montara assets include oil producing fields, with further development and exploration potential. The Company also has a 16.67% non-operated interest in the North West Shelf Oil Project offshore Western Australia, comprising four oil fields containing significant upside potential through potential infill drilling and life extension activities.
Further, the Company has a 100% operated working interest in two gas development blocks in Southwest Vietnam, and an operated 100% interest in the Lemang PSC, onshore Sumatra, Indonesia, which includes the Akatara gas field development, where first production is expected in the first half of 2024. Most recently, the Company acquired a non-operated 9.52% interest in the Sinphuhorm producing gas field onshore Thailand.
Led by an experienced management team with a track record of delivery, the Company is pursuing an acquisition strategy focused on growth and creating value through identifying, acquiring, developing and operating assets in the Asia Pacific region. Jadestone Energy plc is listed on the AIM market of the London Stock Exchange (AIM: JSE). The Company is headquartered in Singapore, has its principal technical team in Kuala Lumpur and country operational offices in Perth, Jakarta and Ho Chi Minh City.
Who are we looking for
- Individuals who are passionate, enthusiastic and provide critical expertise to drive Jadestone Energy's growth, strategy and value generation. As a company with multiple core operating areas in the Asia Pacific region, it is important that all our employees are culturally sensitive and respectful of others.
- Jadestone Energy is committed to reducing our environmental footprint whilst bringing the social and economic benefits of our industry to the countries in which we operate. Employees are expected to value this commitment whilst always delivering safe and efficient operations across assets, cultures and geographies.
What we offer:
- An exciting and highly nimble work environment where employees will collaborate with a diverse international team who will encourage them to learn, grow, challenge themselves and show their entrepreneurial spirit.
- At Jadestone Energy, you will join a company with a leadership team that has a proven industry track record of success. Jadestone Energy is a new and exciting company, with a pioneering spirit where individuals can truly make a difference and flourish.
POSITION PURPOSE
The Reporting Accountant is a temporary position for approximately 6 months and plays a crucial role in ensuring that all corporate reporting activities are conducted efficiently, and productively in accordance with Jadestone's values and in full compliance with the Group's accounting policies, procedures, laws, regulations, and standards.
Responsibilities include supporting the group's reporting obligations for the London AIM market, such as the preparation of the annual and semi-annual financial statements and accompanying notes, as well as crafting accounting memorandums for the audit committee and serving as liaising with external auditors.
Collaboration with country finance teams and senior management is essential for analysing and resolving complex accounting issues. Situated within a small corporate finance team in the KL office, this role supports an expanding international oil and gas enterprise. The ideal candidate should demonstrate self-initiative and possess the ability to make informed decisions in a dynamic and evolving business environment.
The Reporting Accountant is expected to have a solid understanding of IFRS and be capable of applying accounting principles effectively in practical business scenarios.
BASIC FUNCTION
- Financial Reporting: Support the annual and half yearly financial statements for the group ensuring compliance with accounting standards (IFRS, IAS, GAAP etc).
- Consolidation: help the consolidation process for multiple group entities in support of preparing the group annual report.
- Management Analysis: To generate detailed variance analysis of financial results against prior periods to prepare detailed financial reviews for the annual and half-yearly financial statements.
- Audit Coordination: Coordinate with external auditors during the audit process, providing necessary documentation, explanations, and support to ensure a smooth audit experience.
- Ad-hoc Analysis: Conduct ad hoc financial analysis and projects as required by management, including mergers and acquisitions, restructuring, and other strategic initiatives.
Qualification
POSITION HOLDER REQUIREMENTS
Bachelor's Degree in accounting, Accounting and Finance.
Qualified accountant with professional accounting qualifications (e.g., ACA, ACCA, ICAEW, CPA Australia).
Experience, Skills & Knowledge
- Minimum 3 years experience and is ideally suited for candidates transitioning from audit or advisory roles at international accounting firms, seeking their first role into the commercial sector.
- Having adequate IFRS knowledge and experience on the application of accounting knowledge into the business.
- Experience working in a foreign oil company with remote head office and group finance departments based outside Malaysia is an added advantage.
- Experience in setting up and enhancing finance accounting processes and procedures in an effective, efficient, and results-oriented manner.
- Familiar with the SUN Systems ERP platform is an added advantage.
- Proficient in using standard Microsoft Office software (Word, Excel, PowerPoint etc).
Candidate Profile
- Ethical business conduct. Demonstrates honesty and integrity in line with Jadestone's corporate values and behaviours.
- Self-driven and highly motivated. Able to work independently with minimal supervision.
- Strong commercial acumen and focus.
- Problem solver, who is confident to offer his/her views and opinions and challenge the status quo with leadership colleagues.
- Excellent interpersonal skills. Works effectively as part of a multi-discipline management team in a fast-paced work environment.
- Inspires and fosters a collaborative spirit within their team.
- Well-organised, delivers on time. Able to prioritise and adapt to meet shifting deadlines.
- Understands the Jadestone's business strategy and how their roles can help to achieve the business objectives - sees the bigger picture.
- Excellent communication skills. Able to appreciate and understand other people's viewpoints and requirements. Focused and articulate in all communications when dealing with internal and external parties.
- Fluent in the English and Malay languages, both verbal and written.
