Senior Financial Analyst

2 weeks ago

Riyadh, Saudi Arabia Kapsarc Full time

Performs high-skill technical accounting functions and/or serves as work director in less complex work functions. Work is performed from broad general instructions and is required to exercise a high degree of initiative.
Responsible to the Financial Control Manager relating to financial reporting, maintenance of accounting principles, practices and procedures to ensure accurate and timely financial statements in respect of KAPSARC’s budgets.

All financial reporting shall be compliant with the International Financial Reporting Standards (IFRS) and the Saudi Arabian local accounting standards as issued by the Saudi Organization of Certified Public Accountants (SOCPA).

This job normally functions as responsible for reviewing work performed, instructing and training less qualified employees, and for performing, as required, the higher-level elements of the workload. The job may also function primarily as a fully qualified worker performing the more complicated jobs of analysis, review, and report preparation and control, which require a thorough knowledge of KAPSARC accounting principles and practices as pertains to a specific area of accounting work. Supervisor is available for discussion and advice when required.

**Major Responsibilities**:
***
**- Performs one or more accounting tasks such as: posting to registers and ledgers; balancing and reconciling accounts; verifying the internal consistency, completeness, and mathematical accuracy of accounting documents.**
- **Checks invoices against contracts to verify conformance. Reviews accounting vouchers and makes necessary adjusting, offsetting, correcting and other required entries.**:

- **Prepares complex worksheets to determine and revise usage and overhead rates in order to reduce over/under clearances.**:

- **Reconciles accounts, reports, bank statements, inventories and other accounting records and reports.**:

- **Examining and verifying the clerical accuracy of various types of reports, lists, calculations, and postings.**:

- **Responsible for preparing journal vouchers; making entries of adjustments to accounts; and working with spreadsheets.**:

- **Handles the processing of personnel action as it applies to payroll and benefits transactions.**:

- **Maintains control records over cash offices, checks, cash receipts, accruals, deferred items, corporate donations.**:

- **Reviews and traces documentation to assure that all planted equipment, whether replaced, abandoned, transferred or new items, are correctly reflected on the investment records.**:

- **Assists Work Director in preparation of accounting entries on Collection and Distribution Account level which directly affect financial or cost statements prepared by others. Also assists Work Director in preparing reallocation entries and handling of Cost Sheet inquiries.**:

- **Handles special work assignments and furnishes required information to outsiders.**:

- **Develops and compiles data, maintains up-to-date documentation instructions. Directs and prepares documents and records pertaining to crude oil and refined products shipped offshore.**:

- **Preparation of payrolls which includes calculation of wages, allowances, benefits, final settlements; withholding of deductions such as thrift or savings plans, retirement, Social Insurance, home loan repayments, fixed charges and accounts receivable, calculation of payroll labor rates and labor distribution to benefitting accounts.**

***

**Other Responsibilities**:
***
**- Each incumbent will have the following principal duties as well as many of the duties already listed.**
- **Performs basic analytical and cost studies on a KAPSARC level in connection with variances in the expenditure budgets, manpower budgets and with specific operational problems.**:

- **Consolidates and maintains up-to-date accounting data for the KAPSARC’s Capital Budget by Budget Item and Budget Category. This information is abstracted from various accounting reports, from minutes and correspondence covering actions taken at Board Meetings and Budget Committee Meetings, and from Operations reports.**:

- **Consolidates - by functional, administrative, and operational areas - many monthly and quarterly manpower and expense budgets and reports. Also prepares monthly and quarterly accountability reports reflecting approvals and spending against appropriations.**:

- **Checks and verifies all KAPSARC operating expense budgets and controls their transmittal to and from the Data Processing Center. Also records and controls any budget changes made during the year such as involved in reorganizations.**:

- **Assists in the development of KAPSARC’s Operating Plan and Capital Programs and their presentation to management.**:
**Qualifications**:

- Bachelor Degree in Accounting.
- CPA/SOCPA certification preferred.

**Experience**:

- 4 to 7 years accounting office experience
- Thorough knowledge of professional accounting theories and practices as related to the Finance o

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