Accounting Analyst - Fixed Asset

Job description / Role

Brief About Dept. Details & Responsibilities:

- To conduct analysis exercise in the area fixed assets, projects and cash accounting to ensure proper accounting treatment, charging of cost elements in accordance with government regulations, Saudi accounting and International accounting standards and to support the statutory monthly, quarterly and yearly financial reports.

Department Looking For:

- Accounting Analyst for Fixed Asset Unit Candidate must possess BA in Finance, Accounting or Business Administration major in accounting experience preferred 7 years in the related work area.

Qualifications

Duties and Responsibilities:

Area: Fixed Assets & Projects Accounting

- Monitoring of capital project costs
- Preparation of reclassification and adjusting entries for erroneous charges to projects.
- Preparation of detailed capital asset list for capitalization in each capital project.
- Preparation of allocation of project cost to various capital assets for capitalization in each capital project.
- Preparation of asset records for capital assets for capitalization in each capital project for uploading in SAP System.
- Preparation of capital project reports requested by proponents and Management.

Requirements

Qualifications & Education:

- BA in Finance, Accounting or Business Administration major in Accounting
- Preferably, 7 years in the related work area
- CPA or equivalent certification is preferable.
- Fundamental knowledge of accounting principles, theories and practice
- Knowledge in SOCPA and International Accounting standards
- Knowledge in GOSI and DZIT regulations
- Team working
- Analytical skills
- Sensitive to relativity and changes in cost figures
- Deadlines consciousness
- Communication skills

About the Company

Rabigh Refining & Petrochemical Co. - Petro Rabigh - was founded as a joint venture between Saudi Aramco and Sumitomo Chemical in 2005. The plant is valued at US $10 billion and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.

Our products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.

Petro Rabigh II is an expansion project valued at US $8.4 billion - 25% funded by the public and the remainder equally funded by Saudi Aramco and Sumitomo Chemical. Petro Rabigh II is scheduled to be in full production by 4th Quarter 2017 and will produce a wide range of new products.