Deputy Lead Manager

CA / ACMA with at least 4 years of post-membership experience

Or

ACCA / MBA in Finance from HEC recognized university with at least 6 years of experience

Responsibilities:

JOB SUMMARY

The main mandate of this position is to oversee and supervise the gas-purchasing process, ensure timely processing of monthly gas payments, and review payment vouchers before submitting to senior management. The role also involves reviewing compliance with tax laws related to gas purchase matters and liaising with the ministry and relevant government departments. Additionally, the candidate will review gas sale & purchase agreements with Exploration and Production (E&P) companies and prepare weighted average cost of gas and gas statements for Sui Southern Gas Company Limited (SSGCL).

JOB RESPONSIBILITIES

• Review and ensure smooth and timely processing of monthly gas purchase invoices from gas fields, recording purchases in the books of accounts after verification by operations.
• Supervise compilation of gas purchase invoice data, cross-verify working schedules for financial accuracy, and ensure invoice compliance with GSA, OGRA price notifications, and tax laws.
• Supervise recording of LPG / RLNG invoices and liaise with internal departments.
• Ensure timely entry of payments into Oracle Financials after resolving invoice issues with suppliers, processing as per Gas Purchase Agreements within due dates to avoid late charges and litigation.
• Organize digitalization of M-forms for foreign exchange payments to foreign E&P companies via Bank FX Portal for review and approval, with over 50 forms approved monthly.
• Support immediate supervisor in negotiating Gas Sales Purchase Agreements (GSPA), providing comments on draft clauses, participating in negotiations, and offering financial feedback.
• Review notes and memos for payment releases related to new fields; initiate internal approval processes including legal and management review.
• Liaise with Sui Northern Gas Pipelines Ltd (SNGPL) to determine the Weighted Average Cost of Gas (WACOG) for uniform gas rates, in accordance with government policies.
• Supervise the monthly preparation of Late Payment Surcharge (LPS) Schedule, including calculation clauses, surcharge rates, and overdue invoices, with disclosures in the annual report.
• Supervise the monthly preparation of the Cost of Gas Schedule, including various calculations and reconciliations, for financial reporting.
• Supervise the monthly Gas Purchase Budget preparation, including volume estimates, price calculations, cash flows, and variance analysis.
• Conduct financial risk assessments by monitoring invoice due dates, maintaining invoice status sheets, obtaining legal opinions when necessary, and preparing risk registers.
• Provide timely circular debt information in coordination with the Treasury department.
• Liaise with internal and external auditors, the Ministry of Energy, and other departments for gas purchase-related information and documentation.
• Prepare and submit schedules and reports for senior management review on a monthly, quarterly, and yearly basis.
• Liaise with commercial banks regarding foreign remittances to support Treasury.
• Prepare schedules for submission to the Accounts department and review Monthly MIS reports for MD.
• Compile information for Regulatory Affairs (RA) submissions, including costs and T-Sheets.
• Ensure compliance with the Enterprise Risk Management Framework, Business Principles, Ethics Policy, and Code of Conduct.
• Undertake any other tasks assigned by management.

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