About this role
<div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="word-wrap:break-word"><H2 style="margin:0.0px"><b>Location</b></H2> </div><div><p><span style=""><span style="Calibri', sans-serif"><span style="">Head</span></span></span> <span style=""><span style="Calibri', sans-serif"><span style="">Office,</span></span></span> <span style=""><span style="Calibri', sans-serif"><span style="">AI <span>Khobar</span></span></span></span></p> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="word-wrap:break-word"><H2 style="margin:0.0px"><b>Job Purpose / Objective</b></H2> </div><div><p>Rig Accountant assigned tasks is assisting Operation Controller in preparing all financial reporting, budgeting, forecasting and accounting matters for the assigned cost centers.</p> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="word-wrap:break-word"><H2 style="margin:0.0px"><b>Key Accountabilities 1</b></H2> </div><div><p style="text-align:justify">Rig Accountant assigned tasks is assisting Operation Controller in preparing all financial reporting, budgeting, forecasting and accounting matters for the assigned cost centers (either rigs or support functions), including but not limited to:</p> <p style="text-align:justify"><u>Monthly Close & Reporting:</u></p> <ul> <li style="text-align:justify">Participates in the monthly close process and other daily activities (e.g. journal entries, accruals process, account reconciliations, and monthly financial reporting) of the Finance department.</li> <li style="text-align:justify">Adhere to the month-end close checklist to ensure all month-end procedures are fully completed under the strict time schedule and to document such review on the checklist.</li> <li style="text-align:justify">Complete recurring journal vouchers in a timely manner as required by the monthly close schedule.</li> <li style="text-align:justify">Ensure all month-end adjustment journal entries are recorded in due time.</li> <li style="text-align:justify">Assist Operations Controller in preparing Revenue Flash report with relevant comments.</li> <li style="text-align:justify">Assist Operation Controller in preparing consolidated financial results for operations (Operation statistic, FAR list report, Inventory report, DSS Report, Rig move report, DSO, CAPEX spending / commitments etc).</li> <li style="text-align:justify">Assist Operation Controller is preparing monthly financial analysis of operating results and key metrics compared to Budget / Forecast scenarios and prior periods.</li> <li style="text-align:justify">Assist Operation Controller in providing explanations of variances and analysis.</li> <li style="text-align:justify">Assist Operation Controller in tracking that the cost initiatives measures are properly reflected in the numbers.</li> </ul> <p style="text-align:justify"> </p> <p style="text-align:justify"><u>Budget & Forecast:</u></p> <ul> <li style="text-align:justify">Review with Rig Manager and Operations Controller at the individual cost center level working assumptions and scenarios as per our latest thinking.</li> <li style="text-align:justify">Assist Operation Controller in preparing Budget and Forecast P&L as per the Finance timetable.</li> <li style="text-align:justify">Assist Operation Controller in preparing bridging analysis required to explain major variances between the different scenarios.</li> </ul> <p style="text-align:justify"> </p> <ul> </ul> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="word-wrap:break-word"><H2 style="margin:0.0px"><b>Key Accountabilities 2</b></H2> </div><div><p style="text-align:justify"><u>Accounting</u>:</p> <ul> <li style="text-align:justify">Prepare and review monthly journal vouchers for posting to General Ledger.</li> <li style="text-align:justify">Reconcile and analyze Balance Sheets for the assigned cost centers.</li> <li style="text-align:justify">Ensure reconciling items are assessed for both potential exposure and their underlying root cause, and leading corrective actions in order to prevent their reoccurrence.</li> </ul> <p style="text-align:justify"> </p> <p style="text-align:justify"><u>Decision Support:</u></p> <ul> <li style="text-align:justify">Liaise with Rig Manager / Cost Centre Responsible to ensure accuracy of financial data and improve operational performance.</li> <li style="text-align:justify">Assist Operations Controller in preparing and discussing with Operations Manager trends analysis (revenue, operating cost, DSO, inventory etc.)</li> <li style="text-align:justify">Highlight to Rig Manager / Operation Controller any deviation of actual cost compared to Budget / Forecast scenario.</li> <li style="text-align:justify">Compare on a rig-by-rig basis the running cost. Establish benchmark and establish rig ranking to identify cost reductions opportunity.</li> <li style="text-align:justify">Assist Operation Controller in providing ad hoc financial inputs or analysis to support Capex investment decision-making.</li> </ul> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="word-wrap:break-word"><H2 style="margin:0.0px"><b>Key Accountabilities 3</b></H2> </div><div><ul> <li style="text-align:justify">Contribute to establishing and/or maintaining proper accounting methods, policies and principles as well as a robust internal control environment.</li> <li style="text-align:justify">Ensure that ADC Compliance and Business Ethics rules are adhered to and report through ADC Compliance Hot Line any suspicious activity or behaviorPromote a cost control culture and identify and track any cost avoidances / reductions initiatives.</li> <li style="text-align:justify">Promote a culture of collaborative approach with non-Finance Departments (i.e. Operations, Supply Chain, Compliance, Internal Audit etc.).</li> <li style="text-align:justify">Contribute to identifying, plan and execute business process improvements, such as:</li> <li style="text-align:justify">Identify and eliminate low added value tasks.</li> <li style="text-align:justify">Provide a healthy skepticism view on the way we conduct our day-to-day business and always endeavor to find a smarter way of doing things.</li> </ul> </div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="word-wrap:break-word"><H2 style="margin:0.0px"><b>Relevant Experience</b></H2> </div><div><ul> <li style="text-align:justify">2 year experience for degreed individual or individual with 5 years related work experience.</li> <li style="text-align:justify">2 year experience in Finance & Accounting covering the above skills.</li> </ul> <p style="text-align:justify"><b>Interpersonal Skills</b></p> <ul> <li style="text-align:justify"><b>Creativity</b>: seeks innovative ways to solve problems. Understands problems and able to provide workable solutions, conventional and non-conventional.</li> <li style="text-align:justify"><b>Oral And Written Communication</b>: makes accurate, timely and thorough reports. Keeps respective people informed of relevant information/ problems/ situation.</li> <li style="text-align:justify"><b>Initiative</b>: ability to take reasonable risk in the pursuit of new methods and goals. Persuasive in speaking and on paper.</li> <li style="text-align:justify"><b>Teamwork</b>: works effectively on teams by actively contributing to the accomplishment of goals. Treats others with mutual respect & professionalism. Establishes & maintains good working relationships with other departments.</li> <li style="text-align:justify"><b>Listening</b>: ability to listen and process information from others to make informed decisions. Accepts and provides constructive feedback.</li> </ul> <p style="text-align:justify"><b>Other Skills:</b></p> <ul> <li style="text-align:justify">Working knowledge of general ledger accounting with analytical skills and attention to details</li> <li style="text-align:justify">Strong computer knowledge</li> <li style="text-align:justify">Ability to recognize problems and bring to the attention of other along with the ability to determine the priority of assignments.<br> </li> </ul> </div></div></div>