JOB DETAIL
Accounting Staff Analyst
Location: Saudi Arabia
Other Location: Dhahran
Salary: Base Salaries between $100K to $125K USD+ Tax free uplift, COL adjustment, tax protected $.
Sector: Oil / Gas
Job Reference: 20506
Recruiter Name: PureAudit
Recruiter Type: Consultancy
Date Posted: 24 July 2010
Accounting Staff Analyst
INTERNATIONAL OPPORTUNITIES for INVESTMENT PROFESSIONALS
Saudi Aramco, the world's leading producer and exporter of crude oil is seeking INVESTMENT PROFESSIONALS for various positions at their corporate headquarters in Dhahran, Saudi Arabia.
Base Salaries between $100K to $125K USD+ Tax free uplift, COL adjustment, tax protected $.
Long-term family status in safe Western Compound w/ schools, hospitals, golf country club, beach, yacht and horse clubs, 40 hour work week, little travel, 42 days vacation w/ airfare, etc. Full major co. benefits, world's finest retirement pkg., etc. Western style homes at very little cost. Great place to raise kids...super private schools, no crime, no drugs. Contact me for details. Co. has never had a dangerous incident in any of their compounds in 60 years. Note Client has mandatory retirement at 60. A senior guy who spends 10+ years before early retiring from this company, at current $ rates, can easily return to the USA w/ $2/4+ million in his pocket as a result of their paid or low cost COL items, savings plan and their retirement program.
NOTE: ARAMCO HIRES PEOPLE HAVING EXPERIENCE W/ LARGE WELL RUN CORPORATIONS & FINANCIAL INSTITUTIONS - NO SMALL COMPANY OR CONSULTANTS TYPES. STABLE EMPLOYMENT RECORD IS CRITICAL
In association with our USA partner we are jointly undertaking the following recruitment assignment:
Accounting Staff Analyst
MINIMUM REQUIREMENTS:
Education:
• BS Accounting or Business Administration.
• Experience: 10 years' diversified accounting experience.
• Excellent command of oral and written English.
• Must have a comprehensive knowledge of accounting policies and procedures in a specialized area of operations or staff accounting and the ability to perform high-level independent analyses.
• Primary expert for all financial issues related to the upstream joint venture companies and single point of contact with Finance.
• Ability to understand financial aspects of JV agreements.
Will screen, review, analyze, verify, track, and document following:
• Saudi Aramco financial obligations as per the Shareholders' Agreements
• Technical Service & Secondee Cost Estimates (develop/approve cost estimates for technical services requests and Secondees) •
• Manage & process Cash Calls and Saudi Aramco Capital Contributions •
• UVD five Year Capital and Expense Program and UJV Budget and Annual Capital & Operating Plans and Capital Expenditures; •
• Letters of Credit (Drawdown & Balances) •
• Monthly and Annual Audited and Un-Audited Financial Statements and Balance Sheets •
• Income Tax Assessments and Tax withholding issues •
• Invoicing and tracking (both internal & JVs) •
• Develop and manage accounting procedures •
• Evaluate new opportunities for future Upstream Gas Offerings
Conduct the financial aspects of competitor analysis Specialized knowledge of commercial and financial issues to: •
• Analyze qualifications and rank potential IOCs for future Upstream Offerings •
• Draft, review and negotiate contracts, agreements and terms with JVs •
• Provide support for notional development and commerciality studies
• Review financial and commercial aspects of the work programs
DUTIES/RESPONSIBILITIES:
• Develops, interprets and implements new accounting systems and procedures.
• Analyzes and provides recommendations on the feasibility of accounting information system proposals;
• determines if proposed systems meet user information requirements and conform to accounting policy.
• Develops EDP support specifications and user manuals describing financial data flow and input/output requirements.
• Analyzes the financial feasibility and impact of proposed budget items, investment alternatives and capital or operating programs, and assists in preparing expenditure requests.
• Prepares highly confidential and technical financial reports and forecasts on cash receipts and disbursements, corporate income, operating and capital plans and expenditures, manpower budgets, investments, and the consolidated financial position;
• analyzes subsequent variances and identifies trends and opportunities to reduce or control costs.
• Compiles financial data for use in implementing the participation agreement.
• Assists operations organizations in responding to audit recommendations and implementing corrective action.
• Develops and revises instructions for the Accounting, Payroll and General Instruction Manuals.
• Interprets their application for operations organizations.
INTERNATIONAL OPPORTUNITIES for INVESTMENT PROFESSIONALS
Saudi Aramco, the world's leading producer and exporter of crude oil is seeking INVESTMENT PROFESSIONALS for various positions at their corporate headquarters in Dhahran, Saudi Arabia.
Base Salaries between $100K to $125K USD+ Tax free uplift, COL adjustment, tax protected $.
Long-term family status in safe Western Compound w/ schools, hospitals, golf country club, beach, yacht and horse clubs, 40 hour work week, little travel, 42 days vacation w/ airfare, etc. Full major co. benefits, world's finest retirement pkg., etc. Western style homes at very little cost. Great place to raise kids...super private schools, no crime, no drugs. Contact me for details. Co. has never had a dangerous incident in any of their compounds in 60 years. Note Client has mandatory retirement at 60. A senior guy who spends 10+ years before early retiring from this company, at current $ rates, can easily return to the USA w/ $2/4+ million in his pocket as a result of their paid or low cost COL items, savings plan and their retirement program.
NOTE: ARAMCO HIRES PEOPLE HAVING EXPERIENCE W/ LARGE WELL RUN CORPORATIONS & FINANCIAL INSTITUTIONS - NO SMALL COMPANY OR CONSULTANTS TYPES. STABLE EMPLOYMENT RECORD IS CRITICAL
In association with our USA partner we are jointly undertaking the following recruitment assignment:
Accounting Staff Analyst
MINIMUM REQUIREMENTS:
Education:
• BS Accounting or Business Administration.
• Experience: 10 years' diversified accounting experience.
• Excellent command of oral and written English.
• Must have a comprehensive knowledge of accounting policies and procedures in a specialized area of operations or staff accounting and the ability to perform high-level independent analyses.
• Primary expert for all financial issues related to the upstream joint venture companies and single point of contact with Finance.
• Ability to understand financial aspects of JV agreements.
Will screen, review, analyze, verify, track, and document following:
• Saudi Aramco financial obligations as per the Shareholders' Agreements
• Technical Service & Secondee Cost Estimates (develop/approve cost estimates for technical services requests and Secondees) •
• Manage & process Cash Calls and Saudi Aramco Capital Contributions •
• UVD five Year Capital and Expense Program and UJV Budget and Annual Capital & Operating Plans and Capital Expenditures; •
• Letters of Credit (Drawdown & Balances) •
• Monthly and Annual Audited and Un-Audited Financial Statements and Balance Sheets •
• Income Tax Assessments and Tax withholding issues •
• Invoicing and tracking (both internal & JVs) •
• Develop and manage accounting procedures •
• Evaluate new opportunities for future Upstream Gas Offerings
Conduct the financial aspects of competitor analysis Specialized knowledge of commercial and financial issues to: •
• Analyze qualifications and rank potential IOCs for future Upstream Offerings •
• Draft, review and negotiate contracts, agreements and terms with JVs •
• Provide support for notional development and commerciality studies
• Review financial and commercial aspects of the work programs
DUTIES/RESPONSIBILITIES:
• Develops, interprets and implements new accounting systems and procedures.
• Analyzes and provides recommendations on the feasibility of accounting information system proposals;
• determines if proposed systems meet user information requirements and conform to accounting policy.
• Develops EDP support specifications and user manuals describing financial data flow and input/output requirements.
• Analyzes the financial feasibility and impact of proposed budget items, investment alternatives and capital or operating programs, and assists in preparing expenditure requests.
• Prepares highly confidential and technical financial reports and forecasts on cash receipts and disbursements, corporate income, operating and capital plans and expenditures, manpower budgets, investments, and the consolidated financial position;
• analyzes subsequent variances and identifies trends and opportunities to reduce or control costs.
• Compiles financial data for use in implementing the participation agreement.
• Assists operations organizations in responding to audit recommendations and implementing corrective action.
• Develops and revises instructions for the Accounting, Payroll and General Instruction Manuals.
• Interprets their application for operations organizations.
