Accounting Analyst

Job content

WHO IS OUR CLIENT?Petro Rabigh was founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical. The plant is valued at about 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. Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.WHO ARE WE LOOKING FOR?We are looking for a Accounting Analyst to conduct analysis exercise in the areas of general ledger, payroll and payables, billing and receivables, fixed assets, projects and inventory 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.LHR Americas will go with you at every stage of the processRequirements

• Education/Certifications (specific educational qualifications, degree, certification required for this role)
• BA in Finance, Accounting or Business Administration major in Accounting
• Preferably 3 years in the related work area
• CPA or equivalent certification is preferable.
• Specific knowledge & business understanding
• Fundamental knowledge of accounting principles, theories and practice
• Knowledge in SOCPA and International Accounting standards
• 3) Knowledge in GOSI and DZIT regulations
• Competencies/Skills (Five key competencies from PRC behavioral and leadership competencies)
• Team working
• Analytical skills
• Sensitive to relativity and changes in cost figures
• Deadlines consciousness
• 5) Communication skills

Duties & Responsibilities

• Ensure accuracy and completeness of accounting entries for business month end closing.
• Preparation of analytical schedules of General Ledger accounts needed for the preparation of financial statements for audit and submission to Capital Market Authority purposes.
• Reconciliation and preparation of monthly bank accounts, Withholding Tax return for remittance to DZIT.
• Handling of outstanding bank accounts reconciling items.
• Reconciliation of inventories.
• Preparation of the annual ZAKAT/Income Tax returns for submission to DZIT.
• Relief assignment for accounting analyst staff on vacation
• Analyze monthly increase/decrease of payroll accounts for PR employees and Secondees.
• Reconciliation of monthly GOSI and Savings Plan contributions
• Conduct SAP Payroll System logic testing for new employees benefits and payroll deductions in accordance with HR policies.
• Preparation of final settlement for terminated employees.
• Preparation of analytical schedules of payroll accounts needed for the preparation of financial statements for audit purposes.
• Review and post in SAP Systems accounting entries for vendors’ processed invoices, debit and credit notes.
• Review and analyze vendor accounts and payable clearing accounts.
• Preparation of aging of vendors accounts
• Preparation of reclassification and adjusting entries for errors.
• Preparation of analytical schedules of vendor accounts needed for the preparation of financial statements for audit purposes.
• Relief assignment for accounting analyst staff on vacation
• Monitoring of monthly selling price update and listed quantities delivered to customers.
• Review and analyze customer account balances.
• Reconciliation and review of non-trade receivable accounts.
• Preparation of aging of customers accounts.
• Preparation of sales reports.
• Relief assignment for accounting analyst staff on vacation
• 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.
• Administer material physical inventory by recording transactions of the inventory movement as per the company’s approach to ensure proper management of supplies and valuation of the company’s periodical inventory book closing. Participate in year end physical inventory take and reconciliations with the SAP MM module.

Rewards & Benefits OverviewOur client offers excellent compensation and industry-leading benefits and other programs designed to meet the diverse needs of their employees and their families.Salary - Commensurate With Experience And Individual Qualifications.Salary packages can include expatriate premiums & supplemental benefits plansAnnual bonusHousing: housing allowanceHealthcare: Access to top-notch healthcare is an important part of working as an expatriate for our client.Dependent Education: High School allowanceAnnual vacation: 22 days of vacation leave per year. In addition to annual vacations days, employees also receive 11 paid company holidays each year.Repatriation allowance: Annually round trip to your home country.THE STAGES OF THIS PROCESS ARE:

• 1. Resume Evaluation:

A member of our recruitment team will evaluate that your resume matches the client’s job description requirement.Use the job description requirements to highlight your relevant experience and skills.Be specific and describe the significance of your work, keyword alignment is important. Emphasize the impact of the work you’ve contributed to HR areas and tasks. Use your professional profile/resume to focus on major accomplishments and qualifications that match the job.If your resume evaluation is suitable for this position, the recruitment team will invite you to a preliminary phone/video interview in 2-3 days.If your resume evaluation is not suitable, you will be receiving an e-mail notification in 2-3 days.

• 2. Interviews stage

2.1 LHR Americas preliminary phone/video interview: A member of the Talent Acquisition team from LHR Americas will first schedule a call with you to discuss the details of the position, your interests, and qualifications. Furthermore, your English level will be evaluated at this stage, ONLY native or advanced speakers will approve this evaluation.If this preliminary phone/video interview is successful, your resume will be submitted to our client.If your preliminary phone/video interview is not successful our Talent Acquisition consultant will inform you.2.2 Client phone/video interview: This interview will happen only if your resume is approved by our client, we cannot guarantee the time our Client will take to approve your resume, but it should take less than a week.If your resume is approved a member of the Talent Acquisition Team from our client will schedule a call with you to evaluate your qualifications.The client interview contains technical questions that help assess your familiarity with problem-solving in your given field and may include a behavioral evaluation. Be prepared to explain how you approach problems and produce solutions.If your phone interview is successful, the hiring team will further evaluate your resume, and they will invite you to a video interview when hiring managers are available.If your resume is not approved, LHR Americas will inform you.2.3 Video interviews with hiring managers: which may also contain technical questions that help us assess your familiarity with problem-solving in your given field.

• Conditional Offer

A successful interview may result in a conditional offer of employment.Conditions for employment include but are not limited to: medical examinations, and permission to secure a visa to work and reside in-country.

• Relocation process

After your offer is accepted and all conditions for employment are met, you will be assigned a relocation advisor from LHR Americas. This advisor is your go-to resource for the transition, providing helpful advice on everything from when to give notice to your current employer to visa services.