Financial Controlling and Financial Advisory
Posted on :
06-06-2024
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Job Description
Financial Controlling and Financial Advisory
Job Description
Dhahran KSA
Title: Financial Controlling and Financial Advisory
Location: DhahranKSA
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.
The successful candidate will be part of the segment level team that handles financial reporting and controlling financial consolidation compliance (IFRS) and assurance over segment financials reported both internally and externally. It is a critical team within Downstream Finance responsible for ensuring that segment results are prepared in a timely accurately and worldclass manner as can be expected from one of the largest companies in the world.
The successful candidate will be part of the segment level team that handles financial reporting and controlling financial consolidation compliance (IFRS) and assurance over segment financials reported both internally and externally. It is a critical team within Downstream Finance responsible for ensuring that segment results are prepared in a timely accurately and worldclass manner as can be expected from one of the largest companies in the world.
Key Resposibilities:
- Responsible for preparing financial and management report
- Manage the global financial planning and quarterly forecasts process
- 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
- Assess and evaluate financial performance of the organization and provide insight and recommendations with regard to short term operational goals and longterm strategy budgets and forecasts
- Responsible for carrying out cash flow analysis and as per the financial needs of the company determine the required financial tools (i.e. Loans (Short or Long term) Hedge LC Leasing and etc.) and prepare a business plan to allocate the resources accordingly
- Develop product and regional segment financial statements.
- Treasury Accounting Policy Tax Pricing Financial Accounting External Reporting Enterprise Risk Audit and Affiliates Support for the DS business. Ensure facilitation of Downstream objectives through these stakeholders
- Establish and maintain reconciliation controls on balance sheet accounts
- Assists in budget development cycles. Set monitor and allocate budgets in coordination with the business and Finance.
- Coordinate maintain and resolve outstanding audit exceptions for both internal and external auditing
- Provide Downstream Finance community advice on technical accounting issues
- Identify and implement preventative and detective controls on key financial processes
- Ensure timely and accurate recognition of provisions relating to environmental remediation legal and asset retirement obligations
- Oversee the implementation of costeffective internal controls for resultsoriented management; assess the adequacy of DS internal controls; identify needed improvements and take corresponding corrective action; and report annually on the internal controls through management assurance statements.
- Support business development activities ranging from capital projects to upgrades.
- Support business systems architecture and ERP for financial functions initiatives.
- Develop build and review full financial models on corporate finance transactions (M&A due diligence impairment testing and tax related activities and etc.) And conduct valuation analyses using appropriate valuation methodologies
Education Experience & Skills:
Education A Bachelors degree in a Business Accounting or Finance discipline. Accounting / Finance professional designation (ACCA CPA CMA CIMA CA CFA or equivalent)..
Experience: 12 years of experience in the Finance and reporting related activities. Preferably 5 years of this experience will be in the Oil and Gas Downstream
Skills :
- Solid understanding of IFRS in relation to Oil & Gas
- Strong knowledge of accounting principles practices standards laws and regulations
- Working knowledge of SAP Finance Modules
- Strong working knowledge of Microsoft Office Suite
- In depth 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
Employment Type
Full Time
Key Skills
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