General Ledger Accountant

؜ - ؜Dammam ؜ -

Job details

RESPONSIBILITIES/ACCOUNTABILTY & AUTHORITY:



  • 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, IC, 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.

  • Provide the backup to Internal and external auditors.

  • 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 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

  • 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

  • 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 & EXPERIENCE REQUIRED




  • 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


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.

Job Summary

  • Advertiser: NOV Inc.
  • Announcement date: 28/11/2022
  • Type of employment: -
  • Experience level: -
  • Educational level: -
  • Job location: Dammam
  • Salary: -
  • Phone number: -

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