(Global Oil & Gas) Senior Accounting Specialist

Job Description

This role required candidate to permanently relocate at Dhahran, Saudi Arabia.

About the Company


This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

We are seeking a seasoned Accounting Analyst to join the Digital F&SD Department to join the team managing the corporate planning and forecasting solutions and cycles. The successful candidate will be maintaining, supporting and optimizing various financial planning and reporting processes in SAP-BPC, as well as designing and developing new ones. SAP technologies are predominantly used for this purpose; specifically, BPC and BW applications. The successful candidate will be expected to provide both functional and technical expertise to the job. They should have through understanding and proven experience in building financial models and financial consolidation process. The department is primarily responsible for the coordination, development and management of information systems used for planning and performance activities, forecasting, financial reporting and digital solutions supporting finance organizations. Such systems include those relating to Business Plan development, forecasting activities, financial reporting, accountability reporting cycles, performance management, fiduciary segmental reporting, advanced analytics and visualizations, amongst others. The department personnel are multidisciplinary professional with financial and technical backgrounds.

Responsibilities:

• Act as a consultant to other team members on financial consolidation based on IFRS rules, configure consolidation business rules, and model appropriate treatment of financial transactions in planning systems
• Build easy to manage driver-based financial models in SAP-BPC to automate business transactions
• Lead or participate as an SME in financial planning and forecasting solutions development through projects and programs, collaborating with business and technology groups
• Design or build forecasting models to enable generation of short- and long-range forecasts for cash flows and budgets
• Implement, maintain and update financial planning systems to align with business needs or improve system efficiency
• Create scope documents and presentations to align business expectations with solution delivery
• Perform problem-solving through root cause analysis.

Requirements:

• Willing to permanently relocate at Dhahran, Saudi Arabia.
• Bachelor's degree in Finance, Accounting, or a related discipline. Advanced business degree (e.g., MBA) and/or relevant professional certification (e.g., CMA, CFA, CPA, ACCA, PMP) is highly preferred.
• Minimum of 10 years of experience designing, implementing and managing Financial Planning & Budgeting, Reporting, and Financial Consolidation solutions.
• Experience at one of the IOCs or consultancy firms such as E&Y, Accenture, KPMG, and BCG in Financial Planning & Budgeting, Reporting, and Financial Consolidation preferred.
• Thorough understanding of International Financial Reporting Standards (IFRS) and their application, including the process of generating full group consolidated financial statements for a planned period.
• Highly proficient in Microsoft Office applications (Excel, Access, Word), well-experienced in SAP-BPC and SAP-BW applications, and expert in building driver-based financial models and financial consolidation models in SAP-BPC. Experience in SAP Analytics Cloud (SAC) is preferred.
• Expert in various financial modeling techniques and building comprehensive models that can be driven top-down or bottom-up.
• Solid understanding of SAP consolidation engines (BPC, S4/HANA Group Reporting) with the ability to configure and maintain business rules, configure master data, troubleshoot issues.
• Proven track record in leading projects from inception to completion, including scope definition to solution delivery. Ability to articulate scope of projects, timelines, resources, delivery, process maps, etc.
• Excellent communication, presentation, and documentation skills in the English language, with a mindset of "own it all the way through to solution delivery".

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