Accounting Manager (Oil and Gas)

؜ - ؜الدمام ؜ -

تفاصيل الوظيفة

NOTE: Please only apply if you have sufficient experience and skills
required as per job description below.


Job Summary.


Responsible for managing and supervising the overall accounting process of the
applicable Ledgers and ensures procedures are in conformity with generally
accepted accounting principles, government regulations and laws. Overall
finance management through Controlling, Recording and Reporting: Assist in
revenue and cost optimization strategies, ensure timely preparation of monthly
financials and MIS. Ensure accuracy and completeness of accounting records in
conformity to IFRS and other regulatory requirements. Bring proper Governance
and efficiency for GL Accounting and Inventory Management for applicable
Ledgers within Business Unit. Key focus will be to ensure proper accounting
and financial recording of inventory and GL related transactions in line with
applicable GAAP. Working closely with Operations the role will support process
automation.


RESPONSIBILITIES:
Supervises the processing of all financial transactions and ensures accuracy
of pertinent reports and analyzes and determines causes of variances in cost
and management accounts.


Handle full spectrum of financial and cost accounting roles (AP, AR, GL,
Forecasting, Budgeting).


Responsible for day-to-day finance and accounts operation.


Perform full set of accounts and ensure timely closing of accounts.


Ensuring that all intercompany cost allocations are in line with management
agreements and transfer pricing policy


Develop and maintain internal control and effective accounting system and
policies.


Consolidates, prepares and submit a monthly/quarterly financial statement
(cash flows, balance sheet, income statements) to the Finance Controller.


Ensures efficient collection of receivables from customers through consistent
coordination with concerned parties and facilitates cost-effective
disbursement of funds through proper monitoring of cash position.


Coordinates with external auditors and ensures reliable review of financial
transactions and existing accounting system.


Coordinates with other departments pertaining to the conduct of periodic
inventory count and stock control.


Review existing accounting processes and operating standards and recommend
changes if needed to the Finance Manager.


Review and recommend policies and procedures that directly influence financial
transactions, inventory costing and management of accounting systems.


Prepare workings for Non-standard entries including clean up entries and
reclasses due to error


Overseeing the close of AP, AR & Cost module


Prepare control sheet for project accounts GL vs SL project wise


Prepare Bank recon entries and ensure its reconciled


Review and suggest further actions required for clearing AP & GRNI


Review TB for irregular balances, wrong entries, comparing to previous periods
to identify material gaps and suggestion of correcting or missing entries and
posting/approving those entries


Review and oversee the IC reconciliations by investigating differences in
reported balances including mark up. Co-ordinating with other IC partners to
ensure the out of balances are fixed and correct entries are recorded on our
end and the IC counterpart end


Loading TB in HFM, running P&L; and BS reports


Analyzing and providing comments for BS review


Provide Unbilled & Unapplied report to Corporate & Central AR team


Prepare and submit webforms by checking the reports in its entirety


Ensure SOX Compliance , sales cut off tests and Revenue assurance, P&L;
analysis, ensure SOD risks are mitigated and reported and ensure compliance in
all aspects


Fixing issues with IT including issues arising of closing, revaluation, SOD
access removals and various other issues


Preparing monthly SGA analysis and ensure all anomalies are verified and
reported correctly


Taking lead in both external and internal audits as prime contact


Perform VAT filling quarterly and VAT refunds as they are available


Support OPS for various queries


Prepare Journal entries, balance sheet reconciliations including bank
reconciliations and review cash forecasts and other issues as they arise and
Prepare bi-monthly Cash forecast


Verifying all entries relating to inventory and ensuring its correct
classification


Proficient in inventory costing, Mark up eliminations and inventory
transactions,


Ensure proper accounting for inventory and Markup Elimination Monthly reports
and dash boards to review Gross and Net inventory, Provision, and movements to
bring focus and reduce cash tied in inventory.


Improved governance around Inventory count controls and increase frequency


Other ad-hoc assignments as agreed with BU Controller


BEHAVIORAL SKILLS/COMPETENCIES:
Must be detail-oriented and highly organized


Excellent collaboration, teamwork, and interpersonal skills


Advanced knowledge of MS Word, Excel and PowerPoint required


Knowledge of MS Project and other project management tools a plus


Strong presentation skills and ability to create presentations. Ability to
create process flow diagrams in Visio or other software applications as needed


Must embrace change and have a proven track record of process redesign


Excellent written and verbal communication skills


Effective time management and organizational skills


Ability to work in a fast-paced, team environment and under pressure of
deadlines


EXPERIENCE/EDUCATION REQUIRED:
(Education/No. of Years of Experience)


Essential:
Qualified Accountant/ CA/ACCA/CMA or MCom/MBA


‎7+ experience post qualification


US GAAP


Major ERP (Oracle, JDE etc)


HFM


Advanced excel Skills


Aware of Datawarehouse and Workforce Management Tools


Desirable:
‎9+ experience post qualification


Oil and Gas industry experience


Process Automation


Visio or other similar software
Every day, the oil and gas industry’s best minds put more than ‎150 years of
experience to work to help our customers achieve lasting success.


We Power the Industry that Powers the World


Throughout every region in the world and across every area of drilling and
production, our family of companies has provided the technical expertise,
advanced equipment, and operational support necessary for success—now and in
the future.


Global Family


We are a global family of thousands of individuals, working as one team to
create a lasting impact for ourselves, our customers, and the communities
where we live and work.


Purposeful Innovation


Through purposeful business innovation, product creation, and service
delivery, we are driven to power the industry that powers the world better.


Service Above All


This drives us to anticipate our customers’ needs and work with them to
deliver the finest products and services on time and on budget.
Completion & Production Solutions


Through NOV Completion & Production Solutions, we serve well intervention
service providers and oil and gas producers, and we pursue opportunities
around hydraulic fracture stimulation, wellbore intervention equipment,
composite tubulars, pumps, floating production systems, and subsea production
technologies. Our integrated approach delivers greater certainty, reliability,
and peace of mind.

ملخص الوظيفة

  • المُعلن : National Oilwell Varco
  • تاريخ الإعلان : 03/08/2022
  • نوع العمل : -
  • مستوى الخبرة : -
  • المستوى التعليمي : -
  • مكان العمل : الدمام
  • الراتب : -
  • الهاتف : -

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