Senior Financial Analyst

Job Description

Performs high-skill technical accounting functions and/or serves as work
director in less complex work functions. Work is performed from broad general
instructions and is required to exercise a high degree of initiative.
Responsible for compilation and data accumulation relative to operations,
payrolls and benefits or one of the many miscellaneous accounting activities.
Requires some professional knowledge of the application of accounting concepts
and theories, plus a thorough knowledge of the accounting system and/or a
thorough knowledge of KAPSARC's regulations and their application concerning
accounting functions. Normally, this knowledge can only be acquired by means
of years of actual experience in accounting work directly related to the
specific area. Must have the ability to perform assigned functions with
limited supervision. Must possess the ability to take on assignments in other
parts of the Department after a break-in period of reasonable duration.
Responsible to the Financial Control Manager relating to financial reporting,
maintenance of accounting principles, practices and procedures to ensure
accurate and timely financial statements in respect of KAPSARC's budgets.

All financial reporting shall be compliant with the International Financial
Reporting Standards (IFRS) and the Saudi Arabian local accounting standards as
issued by the Saudi Organization of Certified Public Accountants (SOCPA).

This job normally functions as responsible for reviewing work performed,
instructing and training less qualified employees, and for performing, as
required, the higher-level elements of the workload. The job may also function
primarily as a fully qualified worker performing the more complicated jobs of
analysis, review, and report preparation and control, which require a thorough
knowledge of KAPSARC accounting principles and practices as pertains to a
specific area of accounting work. Supervisor is available for discussion and
advice when required.

Major Responsibilities:

• Performs one or more accounting tasks such as: posting to registers and
ledgers; balancing and reconciling accounts; verifying the internal
consistency, completeness, and mathematical accuracy of accounting
documents.
* Checks invoices against contracts to verify conformance. Reviews accounting vouchers and makes necessary adjusting, offsetting, correcting and other required entries.
* Prepares complex worksheets to determine and revise usage and overhead rates in order to reduce over/under clearances.
* Reconciles accounts, reports, bank statements, inventories and other accounting records and reports.
* Examining and verifying the clerical accuracy of various types of reports, lists, calculations, and postings.
* Responsible for preparing journal vouchers; making entries of adjustments to accounts; and working with spreadsheets.
* Handles the processing of personnel action as it applies to payroll and benefits transactions.
* Maintains control records over cash offices, checks, cash receipts, accruals, deferred items, corporate donations.
* Reviewing invoices and statements verifying information, ensuring sufficient funds have been obligated, and if questionable, resolving with the submitting unit determining accounts involved. The review will include coding transactions, and processing material through data processing for application in the accounting system.
* Reviews and traces documentation to assure that all planted equipment, whether replaced, abandoned, transferred or new items, are correctly reflected on the investment records.
* Assists Work Director in preparation of accounting entries on Collection and Distribution Account level which directly affect financial or cost statements prepared by others. Also assists Work Director in preparing reallocation entries and handling of Cost Sheet inquiries.
* Handles special work assignments and furnishes required information to outsiders.
* Develops and compiles data, maintains up-to-date documentation instructions. Directs and prepares documents and records pertaining to crude oil and refined products shipped offshore.
* Preparation of payrolls which includes calculation of wages, allowances, benefits, final settlements; withholding of deductions such as thrift or savings plans, retirement, Social Insurance, home loan repayments, fixed charges and accounts receivable, calculation of payroll labor rates and labor distribution to benefitting accounts.

Other Responsibilities:

• Each incumbent will have the following principal duties as well as many of
the duties already listed.
* Performs basic analytical and cost studies on a KAPSARC level in connection with variances in the expenditure budgets, manpower budgets and with specific operational problems.
* Consolidates and maintains up-to-date accounting data for the KAPSARC 's Capital Budget by Budget Item and Budget Category. This information is abstracted from various accounting reports, from minutes and correspondence covering actions taken at Board Meetings and Budget Committee Meetings, and from Operations reports.
* Consolidates - by functional, administrative, and operational areas - many monthly and quarterly manpower and expense budgets and reports. Also prepares monthly and quarterly accountability reports reflecting approvals and spending against appropriations.
* Checks and verifies all KAPSARC operating expense budgets and controls their transmittal to and from the Data Processing Center. Also records and controls any budget changes made during the year such as involved in reorganizations.
* Assists in the development of KAPSARC 's Operating Plan and Capital Programs and their presentation to management.

Qualifications

• Bachelor Degree in Accounting.


• CPA/SOCPA certification preferred.

Experience

• ‎4 to ‎7 years accounting office experience


• Thorough knowledge of professional accounting theories and practices as related to the Finance organization (essential)

Skills (all essential)

• Significant experience of Microsoft Office, Word, Excel, Access, Project and standard industry procurement software and databases.


• Significant experience in technology and procurement IS to support KAPSARC goals..


• Significant experience in ERP applications such as SAP/Oracle.


• Fluent in English speaking, writing and presentations.


• Excellent writing and report writing skills


• Excellent communication skills


• Ability to build strong working relationships with internal and external customers.