We are currently seeking an experienced accountant to join the Financial Reporting & Compliance team of the Upstream Segment of an Arabian Multinational Company leader in the global oil & gas industry. The successful candidate will perform a broad spectrum of financial accounting activities, ensuring that Upstream’s financial accounts are prepared in a timely and world-class manner.

Responsibilities

• Participate in the consolidation and reconciliation of financial figures reported to executive management to finalize the segment financial reports at both actual and planning events
• Prepare monthly and quarterly financial statement analytical review at business unit level
• Ensure timely and accurate recognition of provisions related to environmental remediation, legal and asset retirement obligations
• Provide Upstream Finance community advice on technical accounting issues
• Works closely with business & functional SMEs to perform decision support analysis on both internal (e.g. transfer pricing) and external commercial arrangements together with respective accounting assessments;
• Closely monitors commercial operations to maximize value creation and prevent value loss.
• Identify and implement preventative and detective controls on key financial processes
• Establish and maintain reconciliation controls on balance sheet accounts
• 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

Requirements

• Bachelor’s degree in Business, Finance or similar disciplines.
  •   12 years of experience in Finance and reporting related activities. Preferably, 5+        years of this experience in the Oil & Gas value chain.
  •   Solid understanding of IFRS in relation to Oil & Gas
• Interest in relocation in Arabia Saudita under familiar expatriate package is a must.
• English B2-C1 is a must.
• Previous experience in implementing financial controls
• Previous experience in delivering presentations to C-Suite
  •   Knowledge of SAP Finance Modules.
  •   In depth knowledge in: well accounting, asset accounting, cost reallocations,  revenue accounting, transfer pricing, financial consolidation and group
  reporting requirements.
  • Strong financial modelling experience is considered an asset