Financial Accounting Consolidation Consultant

Saudi Arabia
03 Oct 2016
22 Sep 2017
Oil and Gas
Contract Type
Full Time
Position Description
The Controller's Organization is seeking a Financial Accounting Staff Consolidation Consultant to join the Organization within the Finance Business Line in Saudi Aramco.

The Controller's organization acts as Saudi Aramco's primary representative for financial and income tax reporting to Management and to the Saudi Arabian Government producing the Company's consolidated financial statements, subsidiaries' financial statements and other management reports. Additionally, the Organization maintains the Company's General Ledger, Fixed Asset records and supporting documents, while also monitoring payments and calculates withholding taxes related to non-resident vendors. The Controller also provides accounting and advisory services related to Saudi Aramco's interests.

The applicant will possess significant relevant financial consolidation experience within a variety of industries; however, significant experience within the energy industry is desirable. The successful candidate will have the ability to establish personal credibility with both internal and external clients, demonstrate excellent interpersonal skills, and work well with fellow team members; while planning, prioritizing and coordinating their workload to ensure critical deadlines are met. The applicant will be able to add value by delivering high quality work and be able to proactively overcome issues and challenges to ensure timely delivery.

The applicant should have demonstrated financial analytical skills that include the ability to evaluate both industry and individual company information, and comprehend advanced accounting topics. The applicant must be able to work with minimal supervision, possess good project management skills and be able to offer logical and innovative solutions to complex issues

Minimum Requirements
The successful candidate will hold a Bachelor's Degree in Accounting, or its equivalent. A graduate degree is also desirable, as well as any relevant advanced professional competencies evidenced by professional certifications such as a CPA, CA, ACCA, or CMA. Accounting focused professional licenses and/or other forms of continuing professional education is required.

A minimum of 15 years of relevant experience is required in relevant industries which may include experience in financial statement consolidation, financial analysis, financial statement preparation, accounting research, mergers & acquisitions, taxation, process/change management or strategy/management consulting. Specific operational experience in energy related activities, infrastructure, utilities (public and/or private), joint ventures and subsidiaries, government sector, non-profits and public administration would be desirable. Specific corporate business integration experience would also be desirable (start-ups experience and related activities).

Extensive knowledge of accounting policies and procedures established pursuant to International Financial Reporting Standards (IFRS) is required as well as a strong understanding of the content of financial statements prepared within the IFRS framework. Extensive knowledge of accounting policies and procedures in the oil and gas industry and the ability to conduct research on an IFRS or Saudi Aramco accounting or financial reporting matter is preferred. A successful candidate will be able to prepare preliminary findings, analyze alternative approaches, and recommend a preferred action for Saudi Aramco. The candidate will have demonstrated the capability to make presentations or lead meetings, including at the executive level. Leadership skills are desirable. Proficiency in both oral and written English is required. SAP or equivalent ERP systems experience is highly desirable

Duties and Responsibilities
You will be required to perform the following:

Consolidation of financial data including from the Company, subsidiaries and joint venture entities
Financial statement review, analysis, and preparation
Research accounting literature to address current issues involving accounting and financial reporting
Perform analysis, make recommendations, prepare responses on consolidation matters
Prepare confidential and technical financial reports and forecasts
Coordinate with auditors and provide full support for audit/review of consolidated financial statements
Provide financial expertise to subsidiaries, JV's or within the Company
Joint venture, M&A integration support from a financial statement perspective
Provide Ad hoc financial expertise as required.