KCA Deutag encourage all qualified applicants to apply and will not
discriminate on the basis of disability, race, gender identity, religion,
women and more.
We value all our people and their contributions and recognise the benefits
we gain from the diversity that exists amongst our teams.
Who We Are Looking For
This role is to form part of the Senior Management Team in Saudi Arabia.
Overall responsible for the running of the country Finance Department,
encompassing all Saudi Arabian entities established for the Land Business Unit
(i.e. SIES, Gulf Drilling, and KCA Deutag Saudi Arabia). Ensuring full
integration of all entities into one efficiently managed Finance function
operating in full compliance with KCA Deutag Group policies and procedures.
Responsible for overseeing all financial processes and systems that are vital
for the efficient running of the Country. Establish an effective relationship
with the Business Unit Finance and Corporate teams. Ensure accurate financial
data and reporting as well as meeting local reporting requirements.
Key Responsibilities
* Management and Financial Reporting
Responsible for ensuring the preparation, accuracy, reliability and timeliness
of the financial management information relating to the company/country. They
are expected to understand and challenge the business, ensuring that future
business changes are planned for. They are required to ensure that the Finance
Department meet the reporting timetable/deadlines set by the Corporate Office
and local legislation.
They are responsible for ensuring that the systems and procedures in place
within the company/country are operating, meet and comply with 'Corporate
Guidelines'. They will form an integral part of the team that will effectively
ensure that the Company maximises its income from the operating contracts in
that company/country.
* Statutory Reporting
Full knowledge of filing requirements for both local country GAAP and IFRS.
Ensuring any differences between the two are understood and accounted for
correctly.
* Treasury & Banking
Ensuring treasury, banking, bonds and guarantee matters in country are kept in
order and up-to-date. Ensuring full compliance with local banking and custom
regulations. Regular correspondence with the Group Treasury team on these
matters is vital.
* Budgeting, Forecasting
On an ongoing basis, they will be responsible to ensure challenging and proper
budgets and forecasts are produced. This will involve liaising with country
teams and BU finance teams where appropriate to ensure deadlines and
expectations are met.
* Financial Data & Cash Flow Statement & Debt Management
They are responsible for reviewing and producing financial data / cash flow
statements to monitor the financial performance. This will include a weekly
cash flow planning which will be monitored by KCA Deutag Corporate and BU
team. They will ensure that the various services (drilling, catering, other
services / reimbursable) are promptly invoiced and will follow up on a day-to-
day basis overdue debts in accordance with the Global Receivables Escalation
Policy.
* Staff Management and Development
They have line management responsibility for the local finance function. They
are ultimately responsible for the overall planning of activities in each of
the finance sections, ensuring that resources are deployed in an efficient and
cost-effective basis. They will ensure that the finance department has
adequate staffing and resources in place and will review as required to
deliver optimum staff efficiency.
* Processes and Systems
They are responsible for the implementation of accounting, financial and
reporting processes of both local management and the 'corporate office'. This
will include the use of SAP & BPC locally (finance system) which will be used
for both local and corporate reporting.
They are responsible for ensuring that the financial processes and systems
used in the country are operating and comply with KCA Deutag Corporate
Guidelines. In respect of financial systems (SAP, BPC, TM5, HRB etc.) and
processes, they will work with, suggest and support the KCA Deutag BU
Controller in this area.
* Balance Sheets
They will 'own' and be responsible for all balance sheet items (including
trade debtor, creditor etc.), held within all legal entities operating in the
country. For the balance sheet accounts and the preparation of the legal
entity statutory returns, they will have a responsibility for those entities.
* Tax and Local Returns
They are responsible to ensure that all tax and statutory returns are
completed in accordance with all local requirements. They should maintain a
working knowledge of taxes within their country. They are responsible for
managing the relationship with the local tax authority including tax audits.
They will be required to liaise and communicate with the KCA Deutag BU
Controller and Group Tax Manager on these matters.
* Audit Liaison
They are required to work with and liaise with the both the external Group and
Internal Auditors as appropriate.
* Capex/AFE Process
Take the lead on ensuring the country understands and adheres to the Capex and
AFE processes as underpinned by the Capital management Procedure.
* Risk management Focal Point
They are responsible for coordinating country risk management
activities/feedback and updating the country risk register.
* Compliance Focal Point
They are responsible for financial controls, compliance and driving local
awareness in anti-corruption and bribery requirements in accordance with KCAD
Ethics & Compliance procedures and guidelines.
* Country Support
They will provide support, advice and financial analysis to the local
management. Including financial modelling for commercial tenders
Location: Saudi Arabia
Qualifications/Experience:
* Bachelor's Degree or equivalent in a Business Discipline.
* Member of recognised professional accounting body.
* Proven experience in Finance role with an Oilfield Operator, Drilling Contractor or Service Company.
Job Specific Skills:
* Demonstrate competence in Finance methodologies.
* Must be well organised, proactive and a good communicator.
* Good interpersonal skills with an ability to tailor their approach to deal appropriately with all levels of contact.
* An assertive and self-confident person.
* Team player who demonstrates maximum flexibility and remain calm under pressure.
* Deadline conscious with strong drive, initiative, and ability to work well in time sensitive situations.
* Understanding of the Oil & Gas sector marketplace, market forces.
Application Details:
* Closing Date: 24th April 2023
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