Oiltanking Asia Pacific Pte Ltd – Account Internship

Oiltanking is one of the world’s leading independent storage partner for oils, chemicals, gases and dry bulk. Oiltanking owns and operates terminals in 23 countries with a total storage capacity of more than 19.2 million cubic meters. Whether we are providing exceptional storage services, creating profitable outsourcing projects, or engineering successful joint ventures, you will find us wherever there’s a need for creative logistical solutions. 

In Singapore, Oiltanking is a valuable logistic resource for refiners and traders to access the vibrant markets of the Pacific Rim. The terminal is an integral part of Jurong Island amidst one of the most established and fastest growing chemical and petrochemical complexes in the world. 

Key learning Areas

• Oracle Financial ERP systems and Microsoft Great Plains

• Understand the OTR (Order to Remittance) cycle flow of an O&G Storage industry

• Be exposed to preparations of an annual Budget/ quarterly forecasting cycle

• Hands-on experience with day-to –day accounting functions

Day to Day Job Responsibilities

1. Invoicing

- Liaise with Logistics department on generation of monthly invoices

- Issuance of credit notes

2. Accounts Receivable

- Follow up on receivable collection, issue of receipts if requested

- Dispatch monthly AR statements of accounts.

- Prepare fortnightly AR aged statement and monitor Past Due %

3. Accounts Payable

- Ensure procurement procedures written in Purchasing Framework / iProcurement are adhered to ( 3 way match)

- Ensure invoices are properly classified and correctly booked in the GL

- Prepare monthly and recurring Journals

- Handle vendor queries and reconciliation of creditors’ statement

- Prepare monthly interest expenses / income / financial expenditure schedule

4. Ad Hoc projects

- Assist in the preparation of annual budget to Hamburg office

- Participate in the improvement of monthend closing process via automation of work processes

- Others