JV Financial Accounting

Job Description

Req Number: 18168BR

Position Description:
We are seeking an experienced Finance Professional to join the Upstream Joint ventures Management Department.

You will perform the broad spectrum of financial accounting related to tasks for upstream services. You will be responsible to analyze and prepare inputs for internal reports, statutory reports, and quarterly closing.

Suitable applicants will have performed this function previously within an International Oil Company (IOC) or National Oil Company (NOC).

Minimum Requirements:
The successful candidate should hold a Bachelor’s degree in Business, Accounting, or Finance. Must have at least one advanced accounting professional designation (CPA, CMA, CA, or equivalent).

Minimum of 8 years’ experience in portfolio management, financial modeling, company financial reporting, financial performance, and credit risk. Understanding of Oil & Gas Upstream business, preferably in Drilling is essential.

In-depth knowledge of International Financial Reporting Standards (IFRS) as it applies to Oil & Gas companies is essential.

Previous experience in JV agreements administration, coordination and financial management is of high importance.

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

General financial accounting tasks related to upstream operations ensuring compliance with IFRS, such as but not limited to: conversion of US GAAP financial statements to IFRS, review and provide analysis of final consolidation of financial statements, etc.

Review and audit financial reports by ensuring accuracy of inputs and compliance of governance and IFRS.

Produce and review joint ventures annual business plan and annual accountability reports.

Review and audit of provided services by JV partners and Conduct external benchmarks

Review and recommend potential enhancements of Joint Ventures financial policy and procedures.

Create and analyze financial models based on variable assumptions and scenarios.

Assist in providing cash and working capital forecasts and associated plans based on operational requirements.

Perform quality assurance to all produced work.

About us:
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.