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. Drilling & Workover (D&WO) is currently seeking an experienced Joint Venture Accountant to join the D&WO Joint Ventures Coordination team. The purpose of the role will be to perform the broad spectrum of financial accounting related to tasks within the upstream area. The primary function is the responsibility 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 publically traded National Oil Company (NOC). An in-depth knowledge of International Financial Reporting Standards (IFRS) as it applies to Oil & Gas companies is essential. Previous experience in JV agreement establishment, coordination, and management is of high importance.
As the successful candidate you will hold a bachelor degree in business, accounting, or finance. It is preferable to have one advanced accounting professional designation (CPA, CMA, CA, or equivalent). You will have a minimum of 10 years accounting and reporting related experience. Preferably 5+ years of this experience will be in the Oil & Gas value chain.
Duties & Responsibilities:
You will be required to perform the following: General financial accounting tasks related to upstream operations ensuring compliance with IFRS. Review and audit financial reports by ensuring accuracy of inputs and compliance of governance and IFRS. Capability to produce and review joint venture yearly business plans, and yearly accountability. Conduct external benchmarks, review and audit services provided by JV partners. Recommend potential enhancements of Joint Venture financial policies and procedures. Produce financial reports to management. 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.
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