Global Oil Gas Finance Controller and Advisor

This role required candidate to permanently relocate at Dhahran Saudi Arabia.

About the Company


This company engages in the exploration production transportation and sale of crude oil and natural gas. It operates through the following segments: Upstream Downstream and Corporate. The Upstream segment includes crude oil natural gas and natural gas liquids exploration field development and production. The Downstream segment focuses on refining logistics power generation and the marketing of crude oil petroleum and petrochemical products and related services to international and domestic customers. The Corporate segment offers supporting services including human resources finance and information technology. The company was founded on May 29 1933 and is headquartered in Dhahran Saudi Arabia.

Job Summary

We are seeking an experienced financial advisor to join Downstream Finance and Performance Management Department (DSF&PMD) focusing on Segment Financial Controlling & Financial Advisory activities for the Downstream Segment based in Dhahran Saudi Arabia.

Responsibilities:

• Prepare financial and management reports ensuring Downstreams financials are timely and of high quality.
• Manage global financial planning and quarterly forecasts processes.
• Participate in consolidating and reconciling financial figures reported to executive management for finalizing business line financial reports at actual and planning events.
• Conduct monthly and quarterly financial statement analytical reviews at the business unit level.
• Assess and evaluate the organizations financial performance providing insights and recommendations for shortterm operational goals and longterm strategy budgets and forecasts.
• Conduct cash flow analysis and determine required financial tools (e.g. loans hedge leasing) to allocate resources accordingly.
• Develop financial statements for product and regional segments.
• Liaise with various stakeholders including Treasury Accounting Policy Tax Pricing Financial Accounting External Reporting Enterprise Risk Audit and Affiliates Support for Downstream (DS) business objectives.
• Establish and maintain reconciliation controls on balance sheet accounts.
• Assist in budget development cycles monitoring and allocating budgets in coordination with business and Finance.
• Coordinate resolution of audit exceptions for internal and external auditing.
• Provide advice to Downstream Finance community on technical accounting issues.
• Identify and implement preventative and detective controls on key financial processes.
• Ensure timely and accurate recognition of provisions related to environmental remediation legal and asset retirement obligations.
• Oversee implementation of costeffective internal controls for resultsoriented management assess adequacy of DS internal controls identify needed improvements and take corrective action; report annually on internal controls through management assurance statements.
• Support business development activities including capital projects and upgrades.
• Support business systems architecture and ERP for financial functions initiatives.
• Develop build and review full financial models for corporate finance transactions (e.g. M&A due diligence impairment testing taxrelated activities) and conduct valuation analyses using appropriate methodologies.

Requirements:

• This role required candidate to permanently relocate at Dhahran Saudi Arabia.
• Hold a Bachelors degree in Business Accounting or Finance.
• Possess an Accounting/Finance professional designation such as ACCA CPA CMA CIMA CA CFA or equivalent.
• Accumulate over 12 years of experience in Finance and reportingrelated activities with preferably 5 years in Oil and Gas Downstream.
• Demonstrate previous experience in implementing financial controls.
• Possess a solid understanding of IFRS in relation to Oil & Gas.
• Have a strong knowledge of accounting principles practices standards laws and regulations.
• Maintain a working knowledge of SAP Finance Modules.
• Proficient in Microsoft Office Suite.
• Exhibit indepth knowledge in one or more of the following areas: trade accounting impairment asset accounting cost reallocations revenue accounting transfer pricing financial consolidation and group reporting requirements.
• Strong modeling experience would be considered an asset allowing for a broader suite of responsibilities.

Finance,Controlling,Advisory