Saudi Aramco Careers
Requisition ID: 1169022
Req Number: 15880BR
Saudi Aramco is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, marketing and petrochemicals manufacturing. We not only look for individuals who can meet our expectations, but for those individuals who can exceed them.
The Upstream Business Line is currently seeking an experienced Compliance Accountant to join the Upstream Finance Department.
The purpose of the role will be to perform a broad spectrum of IFRS governed compliance accounting, relative to the upstream business. Primarily, you will be responsible for accurate and timely accounting related to the reporting of impairment, asset retirement obligations (AROs), Fixed asset reporting, and ensuring all data and related submissions of the organization are compliant.
Suitable applicants will have performed this function previously within a publically traded E&P Company. In-depth knowledge of International Financial Reporting Standards (IFRS), and associated accounting and financial reporting, particularly as it relates to transactions for Exploration and Producing (E&P) business are essential.
As the successful candidate, you will have a Bachelor degree in Business, Accounting, or Finance, and a professional accounting designation (CA, CMA, CPA or equivalent).
You will have a minimum of 10 years financial accounting and reporting related experience, with solid exposure and practical application of IFRS. Preferably 5 years of this experience will be directly for a public E&P company.
Duties & Responsibilities:
You will be required to perform the following:
Ensuring compliance with all financial reporting tasks related to upstream operations.
Provide guidance and support to the business for business related financial reporting compliance items.
Support assessment of impairment triggers and associated provision reporting.
Accurate ARO reporting and compliance.
Oversee and coordinate the fixed asset register.
Management and resolution of internal and external audit queries.
Saudi Aramco’s Exploration & Producing (E&P) business line oversees the world’s largest reserves of conventional crude oil, and the fourth-largest reserves of natural gas. The Company’s reserves portfolio include Ghawar, the world’s largest onshore oil field, and Safaniya, the largest offshore field. Company geologists are actively seeking additional reserves in many areas of the Kingdom, offshore in the Gulf and the Red Sea and onshore in the deserts and mountains. Petroleum engineers and earth scientists in E&P work with cutting-edge technology to manage and produce these reserves, including 3D visualization, reservoir simulation and remote geosteering of multilateral wells. The Company’s Exploration and Petroleum Engineering Center, or EXPEC, is home to one of the industry’s most powerful computer centers. Research and development into subsurface upstream technology is conducted at the EXPEC Advanced Research Center. For more than two decades in a row, Saudi Aramco has been ranked the No. 1 oil company in the world by Petroleum Intelligence Weekly, a testament to the dedication and professionalism of the men and women of Exploration & Producing.