The position is responsible and accountable for all activities within the area of Controlling, Finance & Tax in Petrom Moldova SRL in compliance with local legal regulations as well as with the Directives and Procedures relevant for the OMV Petrom Group. The role includes coordination/representation of Treasury, Accounting & Financial Reporting, Tax, Risk Management (Financial Risk Management, Risk Control), Insurance, Controlling and Internal Control System. The position is representing Petrom Moldova SRL in front of local Tax authorities, Fiscal bodies, External Auditors and Banks.

The position is externally representing the company and liable to all third parties in accordance with the legal scope of the management and representation power of the procurator according to the Company’s Articles of Association.

In addition to the external representations there are several internal representation and coordination duties between business and other corporate functions such as Internal Audit and Compliance in alignment with the Divisional CFOs. 

The position is responsible for implementation and compliance with Governance & Internal Control Systems within Petrom Moldova SRL and with corporate directives (FINANCE, TAX, CONTROL) and other financial regulations, as well as to ensure that related activities and measures are properly managed and documented.

Main tasks and responsibilities:

Manage and coordinate local Finance activities:

• Organize and manage the resources of finance staff
• Develop and maintain finance regulations relevant for the local entity in line with corporate regulations and directives
• Support internal audit in establishing audits and follow up on measures
• Ensure efficient financial processes based valid group standards
• Represent the local business in relation to finance matters
• Ensure information flow between the local entity and corporate functions (in alignment with divisional CFO)
• Review and approve finance related contract clauses

Manage Treasury:

• In alignment with Corporate Treasury ensure that funds are available in time to meet operating requirements or financial demands from new investment
• Monitor the local capital structure, propose financing measures to Corporate Treasury and implement all funding transactions in alignment with Corporate Treasury
• Regular provision of liability and guarantee reporting to Corporate Treasury and
• Ensure timely and correct administration of all payments, be it by the company itself or by assigning this task to treasury manager
• Provide information requested by Corporate Treasury which is required in corporate financing transactions or by rating agencies
• Manage local cash calls or margin calls and collaterals (including bank guarantees and Parent company guarantees (PCG) administrations (incoming, outgoing))
• Provide funding forecast and liquidity planning
• Handle local bank accounts and relationship with banks under advice of Corporate Treasury
• Coordinate FX hedging requirements

Manage Accounting & Financial Reporting:

• Manage financial accounting based on general valid finance process standards (e.g. Process accounts receivables and payables, process the payroll and account for assets, taxes and cash. Manage accruals and deferrals. Manage general ledger. Manage valuations.
• Manage period end closing and provide external reports to authorities
• Prepare statutory accounts in accordance with local accounting standards
• Prepare group reporting packages in accordance with OMV Group Reporting requirements and in line with OMV Accounting Manual
• Manage local finance audits

Manager Tax:

• Ensure timely and accurate handling of local tax accounting and payments
• Prepare CIT tax returns and deferred tax calculations for fiscal authorities
• Ensure and account for the correct payment of taxes
• Prepare Transfer pricing documentation/calculations.
• Manage tax audits in cooperation with Corporate Tax

Manage Risk Management and Insurance:

• Manage Credit Risks
• Assessment, report and control financial risks (market price risks, liquidity risks, credit risks, FX-Risk)
• Proactive and continuous risk identification (on-going process)
• Develop, implement and monitor risk control actions (on-going process)
• Manage local insurance issues

Manage Controlling:

• Coordinate planning & budgeting. Support decision making. Support period end-closing. Provide management with internal reports.
• Manage cost center and profit center accounting
• Coordinate investment planning and budgeting
• Support business case calculations
• Support period closing by calculating valuations, accruals, cost allocations and decommissioning provisions
• Prepare internal reports including performance reporting as well as the provision of latest forecast and comparison
• Where appropriate provide advice on potential corrective actions
• Develop and maintain information for local management
• Prepare ad hoc financial analysis as required to support local management decisions

Internal Control Function:

• Manage local Internal Control System (e.g. Signature regulation)
• Ensure that related control activities and measures are properly defined, documented and implemented
• Ensures always the 2nd pair of eyes in the 4 eyes controls systems in the country
• Ensure appropriateness of financial reporting