Smelter Operation Readiness - Head Of Financial Operation & Closing

Plan, direct and control overall PTFI Smelter and PMRs operations to comply with PTFI policy and to ensure the accurate and timely reporting of key financial, tax, and insurance data for supporting of management's decision-making in the area of capital expenditures.

Plan, direct and control overall PTFI Smelter and PMR financial operation and closing activities to ensure that these activities are executed timely and accurately and comply with General Accepted Accounting Standards (INDO and US) and other reporting requirement standards (Sarbanes Oxley requirements), and thereby supporting and facilitating PTFI Management and its affiliates in the decision-making process.

Partner with Other operations Team during Internal Audit (Deloitte), External Audit (EY), FCPA audit, Cash Call Audit and Government of Indonesia Audits (Taxes, Customs, Non-Tax Revenue and Financials)

Plan and direct activities related to implementation of finance business process in operation teams and bridging the needs of the Operations division with ERP system (SAP), business planning and working tools to support finance operations.

This role will also be a liaison among finance division internal and external stakeholders including global alliance with corporate and regional resources in order to understand the structure, policies, and operations of the organization and to recommend finance solutions and approaches that enable the organization to achieve its goals at corporate and regional levels. Direct all PTFI - Smelter and PMR financial operations works and reporting.

The key duties and responsibilities of this position are:

(Describe the key tasks and duties that the incumbent should perform daily, weekly, monthly, and annually and the output / end results expected for each task or duty. For example: evaluate and develop maintenance procedures in order to provide clear guidance for technicians performing their assignments)

• Partner with Operation Team in Smelter & PMR during financial audit activities performed by Internal Auditor (Deloitte), External Auditor (Ernst & Young), MIND ID Auditor (PWC) and Government Auditors (Custom, BPK, DGT and etc.) including to ensure all government, external and internal auditors' requirements are fulfilled, and coordinate audit responses to comply with required procedures and policies in order to obtain unqualified audit opinion.
• Plan and lead PTFI - Smelter and PMR SAP Financial and Accounting System designs and the implementations in-line with the businesses requirements, Accounting Standards (Indo GAAP, USGAAP and IFRS), Taxes and Government regulations and other prevailing laws to support all operations divisions.
• Maintain and analyze capital fixed assets accounting data in order to provide estimation and/or recommendation as required in tax, insurance, and revolving credit facilities (fiduciary asset).
• Monitor transactions on daily, weekly and monthly basis to ensure that capital costs are properly booked and make corrections accordingly and prevent any departures from PTFI financial policy.
• Supervise designated monthly accounts reconciliation and detail analysis activities, including bank reconciliation, VAT reconciliation, withholding tax reconciliation, prepaid account analysis, etc., in order to ensure all transactions are booked properly and to identify, explain and fine-tune any differences.
• Review and develop reports to disclose expenditures in each capital project against its budget and forecast from high level summary to detail level that reconciled to trial balances for management's review on the progress of capital projects site wide.
• Lead subordinate for details work in Fixed Assets Register, which consist of Setup Assets in asset Systems and record AG mapping in Asset Mapping Table, in order to ensure all capital fixed assets data are accurate and comply with company's policy and procedures, SOX and GAAP.
• Partner with Operation Team to review and direct all financial aspects of PTFI Smelter and PMR external and internal reporting.
• Partner with Reporting Team for the preparation and review of audited Financial Statements for PMR submitted to external auditor and corporate office for review and endorsement.
• Review and develop PTFI asset system, review, and approve capital project code set-up, asset identification, asset mapping, asset depreciation, and asset retirement processes and make sure that assets data reconciled with trial balances and is available for reports required by users for financial statements presentation, and other ad-hoc requirements.
• Plan and coordinate PTFI - Smelter and PMR budgets and forecast from the operation plans, including preparation monthly cost reports review activities and cost variance analysis.
• Plan, direct and supervise Jakarta monthly, quarterly and yearly book closing activities, including communicating with tax group on tax liabilities accrual issues, and NOLA and Jobsite accounting, in order to ensure all Jakarta journals and transactions are accurately and properly booked according to policies and procedures.
• Plan and develop financial reporting queries and formats (costs, balance sheets, financial ledgers, purchasing, material issuances, stocks, PO, account receivables and payables, fixed assets, suspend account, etc.) for PTFI - Smelter and PMR.
• Plan and direct Financial Accounting closing activities for PTFI Smelter and PMR to ensure that the financial books are closed timely and accurately, and general accounting and financial reports are generated in compliance with reporting requirements, comply with company regulations, Indo and USGAAP and GOI regulations.

The key challenges in this position include:

• Providing report that should be readily available while still keeping accuracy standard to fulfill government and other users' requirements by making good coordination with subordinates and other parties.
• Dealing with sophisticated financial accounting systems in PTFI and Subsidiaries/Partners with different line of businesses. It is required that the incumbent must have broad knowledge of different industry-specific accounting system to be able to perform his tasks.
• Ability to integrate finance area ERP system and supporting custom systems to other areas, i.e.: supply chain, maintenance and human resources for end-to-end process flow in order to promote business process efficiency and process integration with other divisions in order to support company organization and its business operations.
• Strong understanding of FCPA and government and tax regulations related to company's business.
• The incumbent should be able to select/place the right people in each position within his area in order to maximize the value of its section.
• Describing the cost variance in detailed transaction and summarize in readable, reliable and clear report for management's review.
• Ability to understand conversion and financial data migration in ERP.
• Strong understanding of accounting and reporting standards such as US GAAP, Indo GAAP, IAS and IFRS.
• Analyze the complex data, in order to get reliable data for making planning and evaluation to better decision-making for best interests of Management.
• Coordination and communication with all concerned party, especially with Operation functions in translating financial accounting process into technological feature, to improve efficiency, security and reliability.
• The incumbent should be able to prevent any kind of issues incurred within his/her area that will negatively impact the company's business.
• The incumbent should be able to instill the departments vision and mission into each staff in the section.

The background, education, and work experience needed to succeed in this job are:

Minimum Education & Experience

S-1(bachelor) in accounting/finance. He has deep knowledge in accounting, internal control function and related regulation with Company's business such as FCPA, government and tax regulation.

and has minimum 10 years' experience in finance and accounting of a multinational company including a minimum of 15 up years in a senior position as an auditor with a proven managerial skills and work experience in the international public accounting firm.

Core Competencies (Knowledge, Skills & Characters)

• Familiar with finance and banking environment
• Fluent in English and Bahasa.
• Good communication skills
• Good computer and communication sills
• Has good interpersonal skill to be able to deal with banks and other external parties
• Strong motivation and independent creativity in approach to solving any task given.
• Other standard and mandatory competencies.
• Has good managerial and organizational skill to lead the section.
• Has strong cognitive thinking to be able to solve problems.

Dateline: 18 May 2023