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Accounting/financial Analyst

7 months ago

Hofuf, Saudi Arabia CIFOS Full time

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.

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.

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.

matter experts with deep knowledge across medical, planning and financial fields. The

small teams.

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.

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.

**Salary**: ﷼1.00 - ﷼9.00 per month

Ability to commute/relocate:

- Dhahran: Reliably commute or planning to relocate before starting work (required)

**Education**:

- Bachelor's (preferred)

**Experience**:

- accounting: 10 years (preferred)
- Financial analyst: 10