Job description / Role
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco's value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations' spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom's vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
We are seeking an Accounting/Financial Analyst to join the Saudi Aramco Medical Services Management Department (MSMD) . MSMD in its primary role as a governance organization, oversees provision of cost effective and quality healthcare to Saudi Aramco's Eligible patient population by different providers including a Joint Venture (JV) with Johns Hopkins Medicine International and a Third-Party Administrator (TPA) agreement with BUPA Arabia whilst also governing operational performance of providers using key performance indicators (KPIs) and maintaining compliance with KSA government regulations and directives.
Duties and Responsibilities
You will be required to perform the following:
Provide Oversight fiscal responsibility over JHAH and TPA annual budget.
Reviews JHAH's monthly budget iteration in order to evaluate assumptions driving fluctuations in costs on a monthly basis, inclusion of the six COF no margin items, exclusion of Additional Service Agreement COF no margin, correlations between budget line-items (ex. reduction of TSAs and increases in other vendor costs), agreement with major line-items and shareholder approved amounts, royalty, and knowledge transfer.
Review JV or TPA financial reports and forecasts on operating income statements and capital plans & expenditures, manpower budgets, investments, the consolidated financial position and prepares supporting variance analysis.
Reviews Affiliates financials and provides analytical support to proponents.
Identify cost savings opportunities during the budget review cycle and provided recommendations to JV and JV Partners.
Responsible for supporting negotiated changes to the JV agreements. Be part of the negotiation team on changes and responsible for understanding and communicating the financial and wider implications of all changes.
Preparing pre-briefing materials and presentations for Board of Management and various board committee meetings.
Reviewing the books of materials issued by JHAH for these meetings and condensing the information.
Advising on the introduction of other agenda items. Attendance at the meetings to support the MSMD Director and SAO board members as required.
Assess the reasonableness of income tax assumptions and calculation methodology.
Evaluate the feasibility of dividend distributions.
Prepare ad-hoc financial forecasts, reports and other analyses.
Undertake special studies and data analysis to support and facilitate Management decision making such as the financial feasibility and impact of proposed financial transactions related to new services and purchases, employee and vendor disbursements in accordance with company policy and guidelines and performance benchmarking.
Assist in the financial modelling & investment/divestiture analysis, asset valuations and financial due diligence and entity setup activities as applicable.
Provide financial accounting and analytical support to MSMD Accounting Section Head as assigned.
Participates in the development, recommendation and implementation of changes to accounting policies, internal procedures, controls and systems.
As a successful candidate, you must hold a bachelor's degree in one of the following: Accounting, Finance, Business Administration, or a related discipline. Master's Degree in a related field is preferred.
Preferred professional qualifications include Certified Public Accountant (CPA), Saudi Org of Certified Public Accountant (SOCPA), Certified Management Accountant (CMA), Certified Financial Analyst (CFA), and Certified Internal Auditor (CIA).
You will have at least ten (10) years' diversified accounting and finance experience preferably in the health care sector or related industries, with a strong track record in delivering proven results.
Candidate must have a sound knowledge of applicable International Financial Reporting Standards (IFRS), International Standards on Auditing (ISA) and KSA tax legislation.
In parallel or subsequently, you will have at least ten (10) years' experience in healthcare related management of multiple businesses reporting to board of managers. Experience with the management of Joint Ventures and the complexities of managing the compliance with complex JV agreements would be a distinct advantage.
The candidate should be able to work both independently and in collaboration with the full Medical Services Management Department team, which is comprised of diverse subject matter experts with deep knowledge across medical, planning and financial fields. The candidate should also be a strong leader and have the ability to delegate and manage small teams.
The candidate should have the ability to read and assess large and complex reports and board materials quickly and to be able to extract key matters and construct and deliver high-quality PowerPoint presentations to multiple audiences up to board and SVP levels.
Excellent ability to communicate in professional spoken English with peers as well as members of management and be able to produce clear and concise oral and written reports in English. Knowledge of Arabic is an advantage.
Strong proficiency in Microsoft Excel is essential with experience of financial modelling techniques and data analysis preferred.
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world's biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.
About the Company
Saudi Aramco is an integrated global energy enterprise. The company markets and exports crude oil, petroleum products, natural gas liquids and sulfur. It also ships crude oil worldwide through an affiliated company and participates in petroleum refining and marketing activities at home and abroad. Its overseas affiliates are in the United States, Egypt, the Philippines, the Republic of Korea and Japan.
Saudi Aramco's subsidiaries span the globe, with offices in Houston, Washington, New York, London, Leiden, Dubai, Singapore, Beijing, Hong Kong, Tokyo and Seoul.