Financial Consulting Specialist Jobs in Dhahran

About the Role

Abdullah A. Al-Barrak & Son Co. is seeking a highly experienced Sr. Business System Analyst with a specialization in Financial Analysis. This full-time position is based in Dhahran, Eastern Province, Saudi Arabia. The role requires a seasoned professional with over 10 years of experience, particularly within the oil and gas upstream business, to contribute to strategic financial planning, operational excellence, and transformational initiatives. The successful candidate will leverage strong technical expertise in finance to drive improvements in financial performance, support executive decision-making, and ensure the effective capture of transformation value, playing a crucial role in enhancing the company's financial operations and strategic execution.

Key Responsibilities

• Develop and refine financial statements, manage budget development and tracking, and oversee asset management.
• Conduct financial modeling, value assurance, and financial risk management activities.
• Lead annual business planning, quarterly forecasting, and performance review cycles within a large, complex organizational structure.
• Drive organizational operational excellence and support transformational programs and campaigns through direct project involvement or by leveraging experience from management consulting or similar organizations that delivered cost savings and financial performance improvements.
• Define and implement Key Performance Indicators (KPIs) and performance dashboards to effectively monitor transformation progress and impact.
• Interpret complex financial data, identify trends, and provide strategic recommendations to stakeholders.
• Develop and implement strategic plans, incorporating a strong understanding of organizational change management principles.
• Develop training materials and deliver workshops or coaching sessions to business and finance teams.
• Support the executive team in setting overall Transformation targets and ensuring appropriate resource allocation.
• Collaborate with Initiative Owners and Finance teams to ensure a consistent approach to the valuation of initiative impact.
• Segregate the financial impact of Transformation initiatives from baseline performance.
• Utilize business process improvement methodologies, such as Lean Six Sigma, to enhance operational efficiency.

Qualifications and Requirements

• Bachelor's degree in Finance, Economics, or Business Administration.
• A minimum of 10 years of progressive experience as a Financial Analyst, with a preference for experience in the oil and gas upstream business.
• Demonstrated experience in defining and implementing KPIs and performance dashboards.
• Proven experience in developing and implementing strategic plans with a solid understanding of organizational change management.
• Experience in developing training materials and delivering workshops or coaching sessions.
• Specific work experience should include roles such as Financial Analyst, Planning and Performance Management Analyst, or Business System Analyst.
• In-depth knowledge of the oil and gas industry, including current trends, challenges, and relevant regulations.

Required Skills

• Strong technical expertise in finance, including financial statements development, budget development and tracking, asset management, financial modeling, value assurance, and financial risk management.
• Proficiency in annual business planning, quarterly forecasting, and performance review cycles.
• Experience in driving organizational operational excellence and managing transformational programs/campaigns.
• Excellent analytical skills for interpreting complex financial data and providing strategic recommendations.
• Proficiency in developing and implementing strategic plans and managing organizational change.
• Strong written and verbal communication skills, including presentation development and delivery, and technical writing capabilities.
• Excellent problem-solving skills with a proactive and results-oriented mindset.
• Experience with data analysis, visualization techniques, and reporting tools.
• Exceptional interpersonal skills to foster partnerships and promote team collaboration.
• Familiarity with Transformation Value Capture processes and the ability to develop related financial governance.
• Experience with business process improvement methodologies like Lean Six Sigma.

Preferred Qualifications

Preferred certifications include Chartered Financial Analyst (CFA), Certified Management Accountant (CMA), or European Foundation for Quality Management (EFQM) Certified Assessor. Advanced degrees such as an MBA, MS in Finance, or MS in Accounting are also preferred.

Work Location and Type

This is a full-time position located in Dhahran, Eastern Province, Saudi Arabia.

About the Role

Dhahran Techno Valley is seeking a Senior Financial Reporting Analyst to join its finance team in Dhahran, Saudi Arabia. This full-time position is integral to ensuring the accuracy, compliance, and timeliness of the company's financial reporting processes. The successful candidate will be responsible for preparing and reviewing financial statements, providing analytical support to management, and contributing to the enhancement of financial systems and controls.

Key Responsibilities

• Prepare and review monthly, quarterly, and annual financial statements and supporting schedules in accordance with IFRS and SOCPA requirements.
• Prepare consolidated financial statements for the group, ensuring accuracy and compliance.
• Coordinate month-end and year-end closing activities, collaborating with finance and business teams to meet deadlines.
• Review balance sheet reconciliations and investigate significant variances.
• Participate in the annual budgeting and planning process, providing financial insights.
• Prepare and review management reports and executive financial presentations, translating financial data into actionable insights.
• Analyze financial performance against budget, forecast, and prior periods, providing commentary on key trends.
• Support management decision-making through timely and accurate financial analysis.
• Ensure compliance with International Financial Reporting Standards (IFRS), Saudi Organization for Certified Public Accountants (SOCPA) regulations, and internal accounting policies.
• Research and evaluate the appropriate accounting treatment for complex or non-routine transactions.
• Monitor changes in accounting standards and assess their potential impact on financial reporting.
• Coordinate external and internal audits, facilitating requests and ensuring timely resolution of findings.
• Monitor the implementation of audit recommendations and corrective actions.
• Support the design, implementation, and monitoring of internal controls over financial reporting.
• Identify control weaknesses and recommend process improvements.
• Ensure compliance with corporate governance and reporting requirements.
• Lead initiatives to improve financial reporting efficiency, accuracy, and automation.
• Support Oracle Fusion enhancements and reporting optimization projects.
• Develop and maintain reporting templates, dashboards, and financial reporting tools.
• Participate in finance transformation initiatives and system implementations.
• Collaborate with various departments including FP&A, Treasury, Tax, Accounts Payable, Accounts Receivable, Procurement, and operational teams.
• Serve as a key finance contact for reporting-related matters.
• Provide guidance and support to junior finance team members as required.

Qualifications and Requirements

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional certification is preferred, such as SOCPA, CPA, ACCA, CA, or CMA.
• 3 to 5 years of experience in financial reporting, accounting, external audit, or a related finance function.
• Proven experience in audit coordination and regulatory reporting.
• Proficiency in ERP systems, advanced Microsoft Excel, and financial reporting tools.

Required Skills

• Financial Statement Preparation as per IFRS and SOCPA standards.
• Consolidation and Group Reporting expertise.
• Strong Financial Analysis capabilities.
• Experience with Oracle Fusion ERP.
• Advanced Excel and Reporting Tools proficiency.
• Excellent analytical and problem-solving skills.
• High attention to detail and accuracy.
• Effective communication and presentation skills, both written and verbal.
• Ability to manage multiple priorities and deadlines in a fast-paced environment.
• A continuous improvement mindset.

Work Location and Type

This is a full-time position located in Dhahran, Eastern Province, Saudi Arabia.