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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