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.
The Upstream Business Line is currently seeking an experienced Compliance Accountant to join the Upstream Finance Department.
The purpose of the role will be to perform a broad spectrum of IFRS governed compliance accounting, relative to the upstream business. Primarily, you will be responsible for accurate and timely accounting related to the reporting of impairment, asset retirement obligations (AROs), Fixed asset reporting, and ensuring all data and related submissions of the organization are compliant.
Suitable applicants will have performed this function previously within a publically traded E&P Company. In-depth knowledge of International Financial Reporting Standards (IFRS), and associated accounting and financial reporting, particularly as it relates to transactions for Exploration and Producing (E&P) business are essential.
Minimum Requirements: As the successful candidate, you will have a Bachelor degree in Business, Accounting, or Finance, and a professional accounting designation (CA, CMA, CPA or equivalent).
You will have a minimum of 10 years financial accounting and reporting related experience, with solid exposure and practical application of IFRS. Preferably 5 years of this experience will be directly for a public E&P company.
Duties & Responsibilities: You will be required to perform the following:
Ensuring compliance with all financial reporting tasks related to upstream operations.
Provide guidance and support to the business for business related financial reporting compliance items.
Support assessment of impairment triggers and associated provision reporting.
Accurate ARO reporting and compliance.
Oversee and coordinate the fixed asset register.
Management and resolution of internal and external audit queries.
The Saudi Arabian Oil Company (Saudi Aramco) is the world's largest crude oil producer and exporter, holding approximately one-fourth of global oil reserves. It also ranks among the leading producers of natural gas and in refining capacity. Saudi Aramco employs experienced professionals in all fields supporting its energy operations.