Req Number: 19145BR
We are seeking for a Segment Accounting Advisor to work under Upstream Financial Reporting & Compliance Team. The individual team member is part of the segment level finance team that handles accounting, compliance (IFRS) and assurance over segment financials reported both internally and externally. It is a critical team within Upstream Finance, responsible for ensuring that segment results are prepared in a timely and world-class manner, as can be expected from the largest company in the world.
You will be accountable for preparation and submission of segment level financial reports, insights and notes to senior management, and ensure robust controls over financial reporting processes.
As you over see segment level financials and associated processes, you are required to exhibit strong interpersonal skills, as you are dealing with multiple stakeholders, initiate and lead segment wide process improvement opportunities, and promote consistent application of group policy.
The successful candidate should hold a Bachelor’s degree in Business or Finance discipline.
Accounting professional designation (ACCA, CPA, CMA, CIMA, CA, or equivalent).
Minimum of 12 years’ experience with a strong preference for 15 years’ plus experience in the finance and reporting related activities. Preferably, 5+ years of this experience will be in the Oil & Gas value chain.
Previous experience in implementing financial controls.
Solid understanding of IFRS in relation to Oil & Gas.
Ability to work with incomplete data and drive conclusions and recommendations to senior management
Working knowledge of SAP Finance Modules.
In depth knowledge in one or more of the following areas: well accounting, asset accounting, cost reallocations, revenue accounting, transfer pricing, financial consolidation and group reporting requirements.
Strong modelling experience would be considered an asset as it allows you to be active in an even broader suite of responsibilities.
Duties & Responsibilities:
The successful candidate performs a broad spectrum of financial accounting activities, ensuring that Upstream’s financial accounts are prepared in a timely and world-class manner.
Participate in the consolidation and reconciliation of financial figures reported to executive management to finalize the business line financial reports at both actual and planning events.
Prepare monthly and quarterly financial statement analytical review at business unit level.
Ensure quarterly segment financial statements are free of material errors each quarter and identified issues are followed through to resolution on a timely basis.
Identify and implement key controls activities (preventative and detective) at international standards (e.g. Sarbones Oxley) on assigned area of responsibility.
Ensure timely and accurate recognition of provisions relating to environmental remediation, legal and asset retirement obligations.
Maintain Upstream internal reference material related to accounting & compliance.
Implement and oversee transfer pricing and cost allocation policies in the Upstream area.
Coordinate, maintain, and resolve outstanding audit exceptions for both internal and external auditing.
Provide input and decision support analysis to short-term and long-term planning cycles as well as commercial activities such as price negotiations, investment decisions and the like.
Provide Upstream Finance community advice on technical accounting issues.
Coordinate, prepare, present training material to improve accounting knowledge of the wider Upstream Finance community.
Saudi Aramco’s Exploration & Producing (E&P) business line oversees the world’s largest reserves of conventional crude oil, and the fourth-largest reserves of natural gas. The Company’s reserves portfolio include Ghawar, the world’s largest onshore oil field, and Safaniya, the largest offshore field. Company geologists are actively seeking additional reserves in many areas of the Kingdom, offshore in the Gulf and the Red Sea and onshore in the deserts and mountains. Petroleum engineers and earth scientists in E&P work with cutting-edge technology to manage and produce these reserves, including 3D visualization, reservoir simulation and remote geosteering of multilateral wells. The Company’s Exploration and Petroleum Engineering Center, or EXPEC, is home to one of the industry’s most powerful computer centers. Research and development into subsurface upstream technology is conducted at the EXPEC Advanced Research Center. For more than two decades in a row, Saudi Aramco has been ranked the No. 1 oil company in the world by Petroleum Intelligence Weekly, a testament to the dedication and professionalism of the men and women of Exploration & Producing.
About Saudi Aramco
Saudi Aramco is the world’s largest integrated oil and gas company; its upstream operations are based in the Kingdom of Saudi Arabia and it also operates a global downstream business. Headquartered in the city of Dhahran, the company operates in eight locations within the Kingdom and 20 locations overseas, and employs around 76,000 people.