Accounting/Financial Analyst Jobs in Dhahran at A3malouna.com
Title: Accounting/Financial Analyst
A3malouna.com on behalf of:
AramcoAramco energizes the world economy.Aramco occupies a unique position in the global energy industry. We are the world’s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
OverviewWe 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.
Duties And ResponsibilitiesYou 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.