Title:  Plng & Perf Mgmt Specialist

Job Req ID:  13992

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.

Job Purpose

We are seeking an experienced financial advisor to join Downstream Finance, and Performance Management Department (DSF&PMD) focusing on Segment Financial Controlling & Financial Advisory activities  for the Downstream Segment based in Dhahran, Saudi Arabia.

The successful candidate will be part of the segment level team that handles financial reporting and controlling, financial consolidation, compliance (IFRS) and assurance over segment financials reported both internally and externally. It is a critical team within Downstream Finance, responsible for ensuring that segment results are prepared in a timely, accurately and world-class manner, as can be expected from one of the largest companies in the world.

You will be accountable for preparation and submission of segment level financial reports, insights,  review of all the overall segments’ and business units financials statements (focusing on but not limited to: P&L,  Balance Sheet, Cash Flow, FCF, ROACE and etc) and notes to senior management, while ensuring robust controls over financial reporting processes.


As you will be overseeing segment level financials and associated processes, you are required to exhibit strong interpersonal skills, as you are dealing with multiple stakeholders, initiate and lead segment wide process improvement opportunities, and promote consistent application of group policy.

The role provides exposure to senior management as well as the opportunity to get involved in wide ranging financial activities, not limited to, associated with long- and short-term business planning, forecasting, financial reporting (consolidation) and controlling, investment decisions, tax, price and tariff development and other financial requirements

Overall, this is a fantastic, and high profile, role that will allow the successful applicant market leading career opportunities.

Saudi Aramco is an IFRS (International Financial Reporting Standards) company.


The successful candidate will perform a broad spectrum of financial reporting activities, ensuring that Downstream’s financials are prepared in a timely and world-class manner. 

  • Responsible for preparing financial and management report
  • Manage the global financial planning and quarterly forecasts process
  • Participate in the consolidation and reconciliation of financial figures reported to executive management to finalize the business line financial reports at both actual and planning events
  • Prepare monthly and quarterly financial statement analytical review at business unit level
  • Assess and evaluate financial performance of the organization and provide insight and recommendations with regard to short term operational goals and long-term strategy, budgets and forecasts
  • Responsible for carrying out cash flow analysis and as per the financial needs of the company, determine the required financial tools (i.e. Loans (Short or Long term), Hedge, LC, Leasing and etc.) and prepare a business plan to allocate the resources accordingly             
  • Develop product and regional segment financial statements.
  • Treasury, Accounting Policy, Tax, Pricing, Financial Accounting, External Reporting, Enterprise Risk, Audit, and Affiliates Support for the DS business. Ensure facilitation of Downstream  objectives through these stakeholders
  • Establish and maintain reconciliation controls on balance sheet accounts
  • Assists in budget development cycles. Set, monitor and allocate budgets in coordination with the business and Finance.
  • Coordinate, maintain, and resolve outstanding audit exceptions for both internal and external auditing
  • Provide Downstream Finance community advice on technical accounting issues
  • Identify and implement preventative and detective controls on key financial processes
  • Ensure timely and accurate recognition of provisions relating to environmental remediation, legal and asset retirement obligation

Education & Experience Requirements

  • A Bachelor’s degree in a Business, Accounting or Finance discipline
  • Accounting / Finance professional designation (ACCA, CPA, CMA, CIMA, CA, CFA, or equivalent).
  • 12+ years of experience in the Finance and reporting related activities. Preferably, 5+ years of this experience will be in the Oil and Gas Downstream
  • Previous experience in implementing financial controls
  • Solid understanding of IFRS in relation to Oil & Gas
  • Strong knowledge of accounting principles, practices, standards, laws, and regulations
  • Working knowledge of SAP Finance Modules
  • Strong working knowledge of Microsoft Office Suite
  • In depth knowledge in one or more of the following areas: trade accounting, impairment, asset accounting, cost reallocations, revenue accounting, transfer pricing, financial consolidation and group reporting requirements


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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