Company: Saudi Aramco Skills: Accounting Experience: 12 + Years Education: Bachelors/3-5 yr Degree Location: Saudi Arabia
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco's value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations' spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
We are seeking a Segment Accounting Advisor to work with Upstream Financial Reporting and Compliance Team. The advisor 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 one the largest companies 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.
You will be required to perform the following:
Achieve 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 and 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.
As a successful candidate, you
Hold a Bachelor's degree in Business or Finance discipline.
Hold an Accounting professional designation (ACCA, CPA, CMA, CIMA, CA, or equivalent).
Have 12 years of experience in the Finance and reporting related activities. Preferably, 5+ years of this experience will be in the Oil & Gas value chain.
Have a previous experience in implementing financial controls.
Have a solid understanding of IFRS in relation to Oil & Gas.
Are able to work with incomplete data and drive conclusions and recommendations to senior management.
Have working knowledge of SAP Finance Modules.
Have 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.
Have strong modelling experience would be considered an asset as it allows you to be active in an even broader suite of responsibilities.
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world's biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.