
Senior Gas Purchasing Specialist
2 days ago
Job Summary:
This role supports senior management in reviewing gas purchases to ensure timely processing and compliance with tax laws.
The position is responsible for ensuring the smooth and efficient processing of monthly gas purchase invoices, recording purchases in books of accounts after verification by operations, and preparing weighted average cost of gas and gas statements.
Key Responsibilities:- Gas Purchase Invoice Processing: Ensure timely processing of monthly gas purchase invoices from over 50 gas fields, recording purchases in books of accounts after verification by operations.
- Data Compilation and Verification: Compile gas purchase invoice data, cross-verify working schedules, re-check financial accuracy, and ensure compliance with GSA, OGRA price notifications, and taxation laws.
- Payment Processing: Ensure all gas purchase invoices are accurate and entered into Oracle Financial promptly after resolving invoice-related issues with suppliers. Process payments as per Gas Purchase Agreements and within due dates to avoid late charges and litigation.
- Foreign Exchange Payments: Prepare M-forms for foreign exchange payments to foreign E&P companies for submission to SBP, coordinating with Treasury (more than 50 forms monthly).
- Liaison and Resolution: Liaise with Treasury and gas suppliers to resolve payment-related queries regarding foreign and local payments.
- MIS Reporting and Reconciliation: Maintain detailed MIS reports to streamline recording, reporting, and payment processes, including reconciliations and circular debt reporting.
- Audit and Compliance Reports: Review MIS reports related to gas purchases, including audit and compliance reports for submission to relevant authorities.
- Volume Statements and Schedules: Coordinate with transmission departments for GCS 1 volume statements and reconcile gas purchase volumes. Prepare schedules for submission to the Accounts department.
- Record Keeping and Documentation: Record Line Pack, Internal consumption, and purchase volumes of gas in coordination with operations. Assist in documentation and invoice reconciliation with E&P suppliers, including handling discounts, bank allocations, and FX remittances.
- Financial Analysis and Support: Support in preparing memos, notes, and responses to authorities regarding finance and billing matters, including legal and costing queries. Review Debit/Credit Notes for compliance and ensure timely adjustments in invoices.
- Compliance and Ethics: Ensure compliance with the Enterprise Risk Management Framework, Business Principles, and Ethics Policy.
About this Role: This position requires a strong understanding of gas purchasing processes, taxation laws, and financial management principles. The ideal candidate will have excellent analytical, communication, and problem-solving skills.
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