Refinery Accountant

"At Petron, we are not just in the business of oil, we are also in the business of fueling lives."

Petron Malaysia is an emerging and rapidly evolving Asian oil company. It is part of Petron Corporation which is the leading oil company in the Philippines. Our integrated refining, distribution, and retailing of world-class petroleum products help meet the country’s growing energy needs and contributes to a more progressive nation.

As a progressive oil company in Malaysia, we aspire towards a sustainable energy-secured nation where everyone's journey is fueled by opportunities for meaningful experiences.

We are seeking dynamic & innovative individuals who have the drive to make a difference & are fueled to succeed!

Responsible for managing and overseeing financial data related to inventory purchases within the refinery, ensuring accuracy in reporting, accruals, and system postings.

The role will be responsible for the following key tasks:

• Maintain and verify daily records of crude and product purchases, cross-checking bill of lading and purchasing information against system entries.
• Perform month-end closing activities including reversal of prior month accruals, price variance postings, and preparation of journal entries for refinery operating and capital expenditures.
• Oversee inventory and stock transfer postings in SAP, ensuring alignment with refinery operations.
• Coordinate with refinery coordinators to obtain blending percentages, update system inputs, and support production costing processes.
• Prepare various monthly reports including crude valuation, gain/loss summaries, freight and demurrage allocation, and government surveys (DOSM).
• Manage RIOS (Refinery Input Output Statement) processes, including validation, job runs, and final file updates for refinery gain/loss and yield reporting.
• Update TM1 with purchase listings, crude valuation data, and support intermediate and final product costing.
• Prepare and validate COGS (Cost of Goods Sold), crude IGL (Inventory Gain/Loss), and GM (Gross Margin) analysis.
• Support mid-month RIOS checks and provide volume and pricing reports to internal stakeholders and planning teams.
• Prepare forex impact summaries and supplier-related financial analyses.

We are looking for individuals with the following qualifications and competencies:

• Bachelor’s degree in Accounting; professional accounting certification is an added advantage
• 3–5 years of relevant experience in technical accounting and/or operational finance
• Exposure to petrochemical, oil & gas, manufacturing, chemical, or refinery environments is preferred / an added advantage
• Willingness to travel as required to support business operations
• Proficient in SAP with strong advanced Excel skills

At Petron, we are not just in the business of oil, we are also in the business of fueling lives.

We’re thrilled that you’d like to join Petron. Thank you for your application and have a nice day!