May 8, 2023
An accounting staff specialist is needed to work with us. The major responsibility of the accounting staff specialist is to administer the company's short-term liquidity forecast and oversee the daily investments of the company's surplus funds.
Consult and advise management in one of the following major areas: Finance, Accounting, Financial Reporting, Compensation, Finance Systems, Accounting Policy and systems, IT and auditing.
Develop solutions to complex and critical problems resulting from changes in corporate policy, accounting standards, government agreements and laws.
Formulate and optimize innovative systems, processes and procedures in finance and related areas while ensuring conformance with accepted accounting/auditing principles.
Supervise internal audits which have significant impact on key functions within the Company.
Provide specialized assistance to Saudi Aramco operating organizations in interpreting Finance policy and in implementing financial control systems.
Work independently with minimum guidelines and direction.
Work with considerable latitude to determine processes and procedures for the development and implementation of assignments.
Formulate and optimize innovative systems, processes and procedures in finance related areas while ensuring conformance with accepted accounting/auditing principles.
Evaluate Extend & Discount program.
Interpret and implement changes in financial system locally and internationally.
Formulate solutions, alternatives and recommendations, and provide central direction and control over complex theoretical and practical, financial systems, internal control, or other matters not covered by standard practice or precedent.
Evaluate and drive continuous improvement of processes to preserve capital, assure liquidity and optimize return.
Identifies major problems in all areas of and financial reporting, compensation and finance systems and processes. Initiates evaluation/feasibility studies and analyses. Provide Management with alternatives and recommended solutions.
Forecast monthly cash receipts and disbursements and identify daily excess cash for investment.
Execute daily investment proposal and identify the optimal investment tenor based on the company’s liquidity outlook and market environment.
Optimize investment performance across different money market and fixed income investment instruments.
Coordinating, communicating and corresponding with banks, buyers, Law, OSPAS, S&MLD, SPOL, SPI, CM&I, BOD and others via SWIFT, telephone, fax, email, and face to face regarding the lifting’s and letters of credit, financial releases, invoices, and payments.
Manage, monitor and report divisional performance against the Cash Forecasting Accuracy and Short-Term Investment Return key performance indicators.
Develop on regular basis market analysis report on both global and local macro-economic outlook.
Enhance Cash forecasting process and accuracy level by working with internal and external counterpart.
Assist in the setup, configuration and implementation of money market investment instrument in the Saudi Aramco system.
Review and propose changes, if required, to Saudi Aramco Short-Term Investments Guidelines.
Present to Treasury Management the liquidity outlook of the Company and investments proposals.
Be available and on call 24/7.
As the successful candidate, you will hold a Bachelors degree in Finance, Accounting or Economics or a related field from a recognized and approved program. An MBA or other advanced business degree is preferred and professional certifications, such as a CFA, CPA, or CFP, is a plus.
You will have at least twelve years Treasury experience which includes cash forecasting and cash management activities.
You must also be able to demonstrate experience working on supply chains to evaluate FinTech companies to automate the process of Extend & Discount programs.
Demonstrate proven experience with successfully placing competitive short-term cash investment.
Integrated Oil Company operational experience a plus.
Ability to coach staff in developing their analytical skills and project delivery capabilities.
Advanced proficiency in Excel and excellent presentation skills.