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Title:  Group Leader, Chemicals Financial Analysis

Job Req ID:  1858
Description: 

Aramco 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.

Overview

Aramco, a global leader in the energy industry, is seeking an experienced professional to join our growing Chemicals business.  This role will lead and develop a diverse team of experts to foster generation of insights through financial analysis of Aramco Chemicals’ affiliates, such as joint ventures and subsidiaries.

Key Responsibilities

  • Provide in-depth financial analyses of business performance by leveraging a thorough understanding of the petrochemicals industry market dynamics in terms of supply/demand balances, operating rates and global and regional business dynamics.
  • Coordinate business plan activities for affiliates, and various reports as per Aramco’s financial planning calendar.
  • Coach the team to create and maintain financial models for the actual results reporting in combination with short-term to long-term projections, and prepare periodical forecasting as required.
  • Analyze monthly financial statements of affiliates.
  • Prepare management reports for commercial and business leaders
  • Support and advise on financial matters for Aramco and affiliate Board submissions.
  • Manage adjustments and accruals in cooperation with Aramco corporate accounting teams.
  • Coordinate the impairment/value loss activities, including testing.
  • Identify areas of performance improvement in the business of the affiliates.
  • Provide specialized financial advice and support to evaluate capital projects.
  • Monitor reports on industry profitability and margins, and compare the results to Aramco Chemicals’ business portfolio.
  • Provide support in business integration for subsidiaries, joint ventures, mergers and acquisitions.

Minimum Requirements

  • Bachelor’s degree in Finance, or a related discipline. MBA, Masters in Finance, and/or professional financial certification preferred (e.g. CPA, CFA, CIMA, etc.) strongly preferred.
  • At least 10 years of experience in developing financial models and conducting financial analysis for the petrochemical industry, including at least eight years of analytical and operational background in the petrochemical industry with a focus on market intelligence and financial modelling.
  • Understanding of business agreements.
  • Ability to work independently and effectively through vertical organizational levels and with people from different departments and different nationalities.
  • Excellent communication, presentation, interpersonal and networking skills.
  • Flexibility to travel both domestically and internationally.
  • Passion for mentorship and knowledge sharing to support the development of promising talent.

Required Skillset

  • Strong financial modelling using Microsoft Excel, or any other modelling software
  • Financial statement analysis
  • Ratio analysis
  • Profitability analysis
  • Group and JV consolidation
  • Price variance analysis
  • Tax and royalties
  • Financial report development
  • Liabilities and accruals
  • Asset accounting adjustments / impairment
  • Capital markets
  • Investment analysis
  • CAPEX analysis
  • Data visualization techniques
  • Business presentations and public speaking

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

 

Country/Region:  SA

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