Company: Baker Hughes, a GE Company
Skills: Accounting
Experience: 5 + Years
Education: High School/Secondary
Employment Type: Full Time Salaried Employee
Location: DHAHRAN, Saudi Arabia

In order to apply for this position, applicants MUST meet the following criteria. If your resume does not match these criteria, you will not be able to apply for this position.
     


Role Summary:

Offers the opportunity as an experienced Project Controller - Finance to join the team in Dhahran, Saudi Arabia.

Essential Responsibilities:

  • The Project Controller along with Project Manager is responsible for the execution and management of project within the AFE. (Project PAW)
  • Proactive in managing financial and accounting matters and appropriate actions to improve controls and reporting.
  • Coordinate the implementation of financial project controls, project system in SAP, and procedures based on contract requirements
  • Safeguard assets and assure accurate and timely recording of all transactions associated with the project by implementing disciplines of internal audits, controls and checks across all departments
  • Ensure consistent and accurate reporting and forecasting of revenue, cost, progress, schedules, and contingencies.
  • Understanding and applying basics of engineering, drilling, supply chain, HR, and PL operations for estimating revenue, fixed and variable costs, activity rates, and indirect costs
  • Participate in relevant project meetings to ensure financial control of the projects
  • Prepare well profitability and rolling project plans with breakdown of in-scope, out of scope work, NPT etc.
  • Process and procedures to collect cost, and procurements from rig sites for cost tracking. Review these against actual vendor invoices and advise of any required changes etc.
  • Review all costs charged to Projects in SAP on daily basis and liaise with Project Manager to ensure costs have been correctly recorded and allocated.
  • Responsible for review and accuracy for 3rd party invoices properly supported, charges are correct, and invoiced to the client/sub-contractors if necessary.
  • Assesses the impact of scope of work changes and schedule slippages.
  • Present monthly/quarterly overview of project financial status to Leadership teams.
  • Responsible for Cost Center and WBS stewardship, monitoring project budgets and all project related expenses.
  • Oversee invoicing function and ensure sales orders, service orders, and invoicing is performed on a timely basis and all required data is captured.
  • Prepare and provide monthly unbilled revenue and expense accruals to EFO for closing
  • Participate in daily operations meeting and other meetings as required to stay up to date on project activities.
  • Provide weekly overview of well profitability to Project Manager and monthly overview of project profitability to Geomarket/PC leadership team.
  • Review, monitor, and update activity rates to minimize over/under absorption of costs.
  • Participate subcontractor audits and vendor reviews on a periodic basis.
  • Develops strong working relationships with all members of project team and leads the team in financial discussions.
  • Assist project manager in project closure and prepare financial documents for after action reviews. Develop actions to correct unfavourable variances, mitigate risks, and improve profitability and cash flow
  • Manages, develops, and leads Project Finance staff

Qualifications/Requirements:
  • Graduates with finance/accounting as one of the main subjects. CPA or equivalent Preferred.
  • Minimum 5 years' work experience in finance/accounting roles. Prefer 2+ year's management experience.
  • Extensive knowledge of accounting and financial reporting principles.
  • Specialized knowledge of accounting requirements for Product Segment/location.
  • Excellent communication and Strong analytical skills with ability to interact with all levels of management.
  • Knowledge and experience in SAP & HFM

Desired Characteristics:
  • Compliance, Internal Controls, Cost Controls & Project Management
  • Revenue and Expense Recognition, Invoicing and Collections
  • Financial Analysis, Forecasting and Planning
  • Project Accounting and Reporting
  • Arabic Speaking candidates would be preferred

Locations:

Dhahran, Saudi Arabia