Yudi Artanto, SE

Budget & Cost Control

• Maintain All transactions PSC's Project cost for Project Northwest Natuna PSC
• Develop and Manage Exploration, Subsurface, Drilling & G&A Admin for budget totaling $20M Annually related to Work Program and Budget (WP&B) approval
• Work closely with the Technical Department (Exploration, Subsurface, Drilling) to manage their budget & actual spending and support the Budgeting process Internal & External for Capex & Opex.
• Responsible for reviewing and analyzing all transaction within $10 million-dollar budget to ensure correct accounting practices
• Routinely runs and analyzes actual spending report for Admin, Human Resources, IT and Project Teams
• Assist with construction projects, ensure construction project gets done on time and within budget.
• Coordinated and analyzed monthly budget forecasts and sends budget reports for each department in Chief Operation Officer.
• Assists in budget planning process (WP&B) and Ensure Completion of Budget Preparation (WP&B) for all departments
• Coordination with Special Task Force for Upstream Oil and Gas Business Activites (SKKMigas) for WP&B and AFE Close Out Meeting

Reporting

• Ensure Completion of Budget Preparation (WP&B) and AFE Closed Out
• Responsible for Monthly & Quarterly Report (FQR, FMR, Asset) to SKK Migas.
• Preparing JIB , Cash Call and JV Statement Report
• Ensure of completion of process of AP, Payments & GL process
• Manage Audit External & Government (PwC, SKK Migas & BPK)
• Manage Tax Closing, Reporting & Reconciliation
• Synergy with PwC for CITR preparation

Finance & Accounting

• Ensure completion of Financial Quarterly Report (FQR) and Work Program and Budget to Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas)
• Ensure Completion of AFE (Authorization for Expenditure) for each Departments
• Maintain Account Payable & General Ledger for North Madura PSC
• Perform account reconciliation for the responsible balance sheet accounts
• Ensure completion of Asset Report to Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas)
• Prepared and maintain Cash Call & JV Statements
• Ensure Completion of Corporate Income Tax and Tax Report, Monthly and Yearly
• Maintain and Prepared Fixed Asset
• Accrual Cost & Revaluation

Budgeting & Cost Control

• Develop and Manage Exploration, Subsurface, Drilling & G&A Admin for budget totaling $18M Annually related to Work Program and Budget (WP&B) approval
• Taking Care of Work Program & Budget (WP&B) Analysis Variance between Actual & Budget Quarterly & Yearly
• Monthly Cost Control for Cost Efficiency for G&A cost and Technical Department
• Support the Technical team to submission and close out the AFE, including during the close out meeting with Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas)

• Maintain Account Payable ( Invoices, AP and Payment ) & General Ledger for All PSC's cost
• Maintain Cost Control for Technical & G&A Department
• Perform Account Reconciliation
• Perform Financial Month End Closing (FQR,FMR) & Revaluation
• Prepared JIB, Cash Call and JV Statements
• Accommodate and ensure of All Auditor Request (Internal & External)

which conducted by Corporate and also PwC

• Work Closely with Operation Manager and each vessel Management team to set up maintain and improve where required budget control system for the vessel operation
• Issuances of invoices and monthly SOA to client, preparation monthly schedules on Account Receivable and follow up on collection
• Keeping Track of disputes (Including correspondence and email) between the company and the client
• Co-ordinate with operation manager and OIM in respect of prognosis
• Monthly accruals, cash requirements/funding and insurance claim
• Working closely with OIM in respect of all technical issue (i.e purchase requisition, fuel production report and other information) thus allowing better planning and forecasting
• Liaise with external Auditor and Tax Consultant

• Manage all Accounts Payable & Payments are related matters in Indonesia
• effectively to ensure that the company's transactions in all project/blocks are accurately recorded in financial terms, adhere to both local and Corporate policy & procedures
• Invoices Processing, Cost Allocation and controlling (AFE) & analysis Accounts Payable
• Ensuring proper controls in accordance with company policies & procedures Ensure accurate invoice entry process from input to payment stage Coordinate with vendors in case of wrong invoices
• Maintained internal controls compliance within the accounts payable department by adhering to established policies and procedures at all times.
• Improved invoice processing efficiency by streamlining accounts payable procedures and implementing an automated system.
• Perform periodical reconciliations of AP accounts
• Reduced discrepancies in financial records by conducting thorough account reconciliations and rectifying any inconsistencies.
• Ensured accurate expense allocation with diligent review of invoices for proper general ledger coding.
• Minimized late payment fees by consistently monitoring due dates and prioritizing payments accordingly.
• Enhanced vendor relationships through timely and accurate payment processing, fostering a positive rapport between the company and vendors.
• Processed accounts payable through Oracle platform.
• Assist Finance Manager for account closing at the end of the month (WP&B , FQR )

• Perform Debt Collection activities for the Sales team of the various Classes of Business in the company.
• Responsible for making proactive phone calls to customers as well as following up of delinquent debt and arranging collection of payments from customers.
• Responsible for the follow-up and co-ordination necessary to ensure that all unresolved/unpaid debits and credits on a customer's accounts receivable are worked to conclusion with payment or internal adjustments regardless of how these items occur
• Perform Credit Assessment/Reassessment of customers based on financial and non financial analysis, determine optimal credit exposure and classify customer risk rating
• Responsible to ensure automatic dunning letters are sent to customer whose invoice are due for payment and are not under query, ensuring large payments are collected from customer.
• Minimizing credit risk, write-offs and payment terms extended to customers. Resolving receivables queries on a timely basis to the satisfaction of both customer and the company

• Account Receivable Trade/Non Trade (A/R) and General Ledger (G/L)
• Maintaining Fix Assets, Prepaid Insurances, Time Deposit and accrued journal
• Review and posting daily journal to system
• Reconciliation Balance Sheet Account
• Maintain Internal Forex and Adjustment GL
• Assist finance and accounting manager to preparing Financial Report
• Improved cash flow management by diligently monitoring accounts receivable and implementing effective collection strategies.
• Enhanced financial accuracy by meticulously reconciling balance sheet accounts and resolving discrepancies.
• Contacted customers to immediately find resolutions for escalated issues.
• Partnered with auditors to track errors and add contributions to maintain accuracy.
• Prepared working papers, reports and supporting documentation for audit findings.
• Provided journal entries and performed accounting on accrual basis.
• Diminished outstanding debts by analyzing accounts for issues.
• Maintained integrity of general ledger and chart of accounts.
• Collected and reported monthly expense variances and explanations.

• Maintain proper accounts payable based on raw material receiving report ( FIS ) and all suppliers invoices
• Reconciliation Accounts payable Trade and non-trade between GL & SL
• Monitor and prepare on-time settlement payment to suppliers
• Prepare accounts payable local / import trade and non-trade
• Costing ( COGS, COGM, WIP & Stock Transfer Movement TI/TO)
• Ensure completion of Withholding Tax (VAT & Withholding Tax) report