This role required candidate to permanently relocate at Dhahran, Saudi Arabia.About the CompanyThis 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 SummaryWe are seeking an experienced financial advisor to join Downstream Finance and Performance Management Department (DSF&PMD), focusing on Segment Financial Controlling & Financial Advisory activities for the Downstream Segment based in Dhahran, Saudi Arabia.Responsibilities:

• Prepare financial and management reports, ensuring Downstream\'s financials are timely and of high quality.
• Manage global financial planning and quarterly forecasts processes.
• Participate in consolidating and reconciling financial figures reported to executive management for finalizing business line financial reports at actual and planning events.
• Conduct monthly and quarterly financial statement analytical reviews at the business unit level.
• Assess and evaluate the organization\'s financial performance, providing insights and recommendations for short-term operational goals and long-term strategy, budgets, and forecasts.
• Conduct cash flow analysis and determine required financial tools (e.g., loans, hedge, leasing) to allocate resources accordingly.
• Develop financial statements for product and regional segments.
• Liaise with various stakeholders including Treasury, Accounting Policy, Tax, Pricing, Financial Accounting, External Reporting, Enterprise Risk, Audit, and Affiliates Support for Downstream (DS) business objectives.
• Establish and maintain reconciliation controls on balance sheet accounts.
• Assist in budget development cycles, monitoring and allocating budgets in coordination with business and Finance.
• Coordinate resolution of audit exceptions for internal and external auditing.
• Provide advice to Downstream Finance community on technical accounting issues.
• Identify and implement preventative and detective controls on key financial processes.
• Ensure timely and accurate recognition of provisions related to environmental remediation, legal, and asset retirement obligations.
• Oversee implementation of cost-effective internal controls for results-oriented management, assess adequacy of DS internal controls, identify needed improvements, and take corrective action; report annually on internal controls through management assurance statements.
• Support business development activities including capital projects and upgrades.
• Support business systems architecture and ERP for financial functions initiatives.
• Develop, build, and review full financial models for corporate finance transactions (e.g., M&A, due diligence, impairment testing, tax-related activities) and conduct valuation analyses using appropriate methodologies.

Requirements:

• This role required candidate to permanently relocate at Dhahran, Saudi Arabia.
• Hold a Bachelor\'s degree in Business, Accounting, or Finance.
• Possess an Accounting/Finance professional designation such as ACCA, CPA, CMA, CIMA, CA, CFA, or equivalent.
• Accumulate over 12 years of experience in Finance and reporting-related activities, with preferably 5+ years in Oil and Gas Downstream.
• Demonstrate previous experience in implementing financial controls.
• Possess a solid understanding of IFRS in relation to Oil & Gas.
• Have a strong knowledge of accounting principles, practices, standards, laws, and regulations.
• Maintain a working knowledge of SAP Finance Modules.
• Proficient in Microsoft Office Suite.
• Exhibit in-depth knowledge in one or more of the following areas: trade accounting, impairment, asset accounting, cost reallocations, revenue accounting, transfer pricing, financial consolidation, and group reporting requirements.
• Strong modeling experience would be considered an asset, allowing for a broader suite of responsibilities.

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