Saudi Aramco Careers
Financial Accounting Consolidation Specialist
Requisition ID: 1176544
Req Number: 16247BR
We are seeking a Financial Accounting Consolidation Specialist to join the Controllers organization within the Finance, Strategy & Development 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 calculating withholding taxes related to non-resident vendors. The Controller also provides accounting and advisory services related to Saudi Aramco’s interests.
As a successful applicant, you will possess significant relevant financial consolidation experience within a variety of industries; however, significant experience within the energy industry is desirable. You 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 meeting critical deadlines. You will be able to add value by delivering high quality work and be able to proactively overcome issues and challenges to ensure timely delivery.
You should have demonstrated financial analytical skills that include the ability to evaluate both industry and individual company information and comprehend advanced accounting topics. You 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.
As the successful candidate, you will have the following:
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 and acquisitions, taxation, process/change management, and 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 (startup 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.
You will be able to prepare preliminary findings, analyze alternative approaches, and recommend a preferred action for Saudi Aramco. You 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 Enterprise Resource Planning (ERP) systems experience is highly desirable.
Duties & 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, and 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, joint ventures, or within the Company.
Joint venture, M&A integration support from a financial statement perspective.
Provide ad hoc financial expertise as required.
As an integrated, global petroleum enterprise with operations in Saudi Arabia, Europe, the United States and the Far East, Saudi Aramco is one of the cornerstones of the world’s energy supply. Saudi Aramco has a proud legacy of accomplishment in the oil and gas industry. In recent years, the Company has been creating downstream joint and equity ventures, both in Saudi Arabia and in China, and is exploring additional opportunities in refining and petrochemicals. Projects such as these, combined with Saudi Aramco’s stature – both as a corporation and as a corporate citizen – in the Kingdom and wherever the Company does business, make for a challenging and rewarding work environment for the personnel of the Finance business line.