Location: Brisbane, Australia
Occasional Travel: Western Australia, New Zealand
Reports to: General Manager / Managing Director
About Tango Oilfield Solutions & Tasman Oil Tools: Tango Oilfield Solutions is merging with Tasman Oil Tools making the combined company the leading independent provider of specialized equipment and services for the oil and gas industry across the Asia-Pacific region. The combined company will keep the name Tasman Oil Tools which has a 40 year history.
As we continue to grow, we are seeking a proactive and detail-oriented Finance Manager to join our team in Brisbane. This role will be responsible for overseeing key financial operations, ensuring compliance with tax and regulatory requirements, and providing actionable insights into the company's financial performance.
Accounting and Financial Operations:Oversee Accounts Payable (AP) and Accounts Receivable (AR) functions, ensuring accurate and timely processing of invoices, payments, and collections.Ensure proper reconciliation of all financial accounts, including bank accounts, credit cards, and intercompany transactions on a monthly basis.Manage payroll processing, ensuring compliance with Australian payroll regulations and timely payment to employees.Calculate and submit Superannuation contributions for employees on a regular basis.Prepare Business Activity Statements (BAS) submissions and ensure timely compliance with Australian tax laws.Tax and Compliance:Assist with tax planning and compliance, liaising with external accountants on matters related to GST, PAYG, and other corporate taxes.Support preparation of financial data for year-end audits and financial reporting.Ensure the company complies with all local tax regulations (including state-based taxes where relevant) and internal financial policies.Management Reporting:Develop and maintain monthly management reports, providing insights into key financial metrics such as revenue, COGS (cost of goods sold), overheads, and capital expenditures.Prepare financial forecasts and budgets, working closely with senior management to track performance and identify trends.Oversee the recording of capital expenditures and ensure proper categorization and treatment of assets.Asset Management:Manage and maintain an accurate asset register. Ensure that all assets are properly tracked and managed using the company's asset management software.Work with software to ensure depreciation is calculated accurately and report on the write-off or disposal of assets as necessary.System and Process Improvement:Use Xero Accounting Software to manage all accounting functions and generate reports.Identify areas for process improvements in accounting and reporting and recommend software or procedural upgrades.Collaborate with key stakeholders (internal and external) to improve overall financial processes and ensure efficient workflows.Supervise and manage a team of 6 staff (based in Brisbane, Perth and New Zealand) providing guidance and support in their daily tasks and professional development.Foster a collaborative, positive and inclusive team culture.Set clear performance expectations, provide feedback, and conduct performance reviews.Promote a safe and respectful workplace environment, addressing any conflicts or concerns promptly.Key Qualifications:Bachelor's degree in Accounting, Finance, or a related field.5+ years of experience in a finance or accounting role, ideally within a small to mid-sized business or oil and gas industry.Strong working knowledge of Australian tax regulations (GST, BAS, Superannuation, PAYG, etc.).Proficient in using Xero Accounting Software and other financial management tools. Experience with payroll software is a plus.Solid understanding of financial reporting, reconciliation, and budgeting principles.Familiarity with asset management and capital expenditure processes.Strong understanding of payroll management and related compliance (Superannuation, PAYG, etc.).Certifications such as CPA, CA, or other professional accounting qualifications would be advantageous.Experience in oil and gas or manufacturing sectors, with an understanding of project-based financial management.Experience with financial forecasting, budgeting, and management reporting.Key Performance Indicators (KPIs):Accounts Payable & Receivable Efficiency:Maintain an average payment cycle of less than X days for accounts payable.Ensure that accounts receivable collections are within terms, with no significant overdue balances.Complete monthly reconciliations (bank, credit cards, AP/AR) by the 5th business day of each month.Ensure that financial reports (management, budgets, forecasts) are completed and submitted on time with no significant errors.Tax & Compliance:Ensure 100% compliance with all Australian tax deadlines (BAS, PAYG, Superannuation).Work with external accountants to ensure zero penalties or late fees related to tax or compliance.Payroll Accuracy:Ensure 100% accuracy in payroll processing, with no issues related to employee payments or superannuation contributions.Ensure that payroll is processed on time each period, with no delays.Management Reporting & Insights:Deliver comprehensive monthly financial reports to senior management, highlighting key financial trends, variances, and recommendations.Provide timely insights on cost control, revenue trends, and any potential risks to the company's financial health.Asset Management:Ensure all company assets are properly tracked, with accurate depreciation and timely write-offs of disposed assets.Salary Range: The salary for the Finance Manager role at Tasman Oil Tools is expected to be in the range of $100,000 to $150,000 AUD per year, depending on the candidate's experience, qualifications, and skills. This may be supplemented by performance bonuses and benefits.
Application Process:To apply for the Finance Manager position at Tasman Oil Tools, please submit your resume and a cover letter outlining your relevant experience and qualifications. We look forward to hearing how you can contribute to our dynamic team and help drive financial excellence at Tasman Oil Tools.
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