Connecting

Operations / Finance Controiller

Job Title: Operations / Finance Controiller
Contract Type: Permanent
Location: Zbe, Saudi Arabia
Industry:
Salary: $10000 - $12000 per annum
Start Date: 2019-12-13
Reference: BH-120749
Contact Name: Rony Zachariah
Contact Email: rony.zachariah@nesgt.com
Job Published: December 13, 2019 05:30

Job Description

Operation/ Finance  Controller  - Saudi Arabia

  • Master Degree Holder in Finance with additional Certifications
  • Must have 3 – 8 Years’ experience in Working with Oil and Gas Operating Companies
  • Local Candidates preferred
  • Location :  Saudi Arabia  

    Job Responsibilities

P&L:

  1. Revenue
  • Revenue reconciliation between Operation and Billing team including the accruals.
  • Revenue provisions 
  • Reporting of revenue including, FCST, Budget and actual end of the month including updating HFM.
  1. Cost lines
  • Personnel cost
  • Reconciliation of Payroll vs. JDE  accounts (will give you the payroll data)
  • Review of Bonus and other accruals
  • Housing and Schooling review
  • Other personnel cost accounts
  • Review HC and any added HC but not yet in Payroll.
  • Other P&L lines ( T&E, R&M , Sub rental ,…)
  • Review Travel and Entertainment  accruals and make sure it is related to PL
  • Review Operating Supplies and link it to activity and accrue if needed
  • Review Sub rental and keep tracking sheet for the accruals
  • Review R&M including inventory consumption and IC recharge if any
  • Review Depreciation and link it to FA list of the PL and do a monthly review with PL asset team if any
  • COGS review in link to PR and calculate the Monthly Margin
  • Review Inventory and make sure to accrue for Inventory
  •  Fright and custom and transportation should be match with activity and to have a review on that.
  • Keep tracking for all accruals and have a monthly review with PLs and issued POs.
  •  P&L reporting and forecast
  • Updated  Monthly, Quarterly  forecast as well as Yearly budget plus Mid-month in HFM and Reporting consolidation
  • Monthly commentary should be brief and reflect all details on variances including revenue, EBITDA and Inventory.
  • Monthly review with the GBM and OPS team and get them understand the P&L and contribute in improvement
  • Send a monthly package to GBM including P&L, AR balances, Inventory, DSO and Accruals.
  • Keep Tracking for Cost saving and  revenue generated from Transformation Balance Sheet:

  1. Account Receivables:
  • Review Monthly Account Receivables for the PLs and evaluate collectability and advise any Provision required
  • Review Unbilled and give PLs KPIs and target in weekly basis and make sure old unbilled closed.
  • Review Provisions and validate it is required or not
  • Collection and DSO monthly target and follow up with both Operation and credit team
  • Weekly review of AR list with  GBM and Ops managers and take required actions  

  1. Inventories
  • Review Inventory balances and reconcile the balances in JDE with physical or Material team records
  • Quarterly count or to attend at least  the cycle count one per month
  • Validate ant Inventory orders and review if required or not.
  • Inventory consumption should be reflected in same month of job with no delay  

  1. Fixed assets
  • Review FA list with Ops team one per quarter and document the review with sign off  document
  • Reconcile Depreciation charge with FA list under PL
  • Custom documentation for Temporary import is available and accrual is there for Temp if asset LIH.  

     Tenders:

  • To Review all tender/bidding paper works
  • Develop the P&L for the tender
  • Evaluate P&L based on current pricing and proposed pricing.
  • Support PL in all tender related  

    Transformation

  • Review all PL transformation Initiates and  validate the business case and monthly actual results
  • Help in create new cost saving Initiatives  

Reporting Consolidation Tasks

 

  1. Develop  a calendar tool with Monthly due reports and timing and to be shared  to all PLs and JV, NJV and BAH team
  2. Monthly, Quarterly and Budget Consolidation including NJV, JV and BAH
  3. Consolidate monthly revenue and EBITDA comments
  4. Consolidate mid- month report with required comments
  5. Review HFM for NMF, Quarterly and Budget  and make sure matching with PL submissions Mail your profiles at rony.z.a2tui30xp@nesgt.aptrack.co.uk