Sapura Acergy Sdn.BhdFinancial Controller
Jun. 2009 - Jul. 2012Kuala Lumpur, Federal Territory of Kuala Lumpur, MalaysiaSapuraAcergy Sdn Bhd ("SapuraAcergy") is a seabed-to-surface engineering, construction and services contractor to the offshore energy industry in the Asia Pacific region. SapuraAcergy is a start-up joint venture between SapuraKencana Petroleum Berhad and Subsea 7 S.A. The key asset of SapuraAcergy is the Sapura 3000, a deepwater heavy lift and pipelay vessel. SapuraAcergy Group consists of the operating company, SapuraAcergy Sdn Bhd; the owner of the Sapura 3000, SapuraAcergy Assets Pte Ltd and SapuraAcergy (Australia) Pty Ltd. Led financial management of the entire business operations of the SapuraAcergy Group. Reported to the Chief Financial Officer and the Board of Directors. Budget responsibility of US$15.0 million. Developed and documented a financial controls system using best practices for the SapuraAcergy Group. Raised project financing in excess of US$250.0 million for offshore construction contracts awarded to SapuraAcergy in countries such as Malaysia, Australia, Japan, China and Vietnam with an aggregate contract value exceeding US$1.0 billion. Improved cash management of SapuraAcergy Group via the design and implementation of a treasury management system and reduced foreign exchange losses by at least US$1.0 million per annum. Optimised tax structure of the SapuraAcergy Group that resulted in tax savings in excess of US$2.5 million per annum. Returned over US$100.0 million to the two shareholders of SapuraAcergy over a three-year period. Turned around the financial operations of the Finance function of SapuraAcergy Group and improved efficiency by a minimum 40%.