ANALYST - CORPORATE ACCOUNTING

Role Overview

Saudi Industrial Investment Group (SIIG), in collaboration with Chevron Phillips Chemical Company LLC through its wholly owned affiliate Arabian Chevron Phillips Petrochemical Company (ACP), operates three significant joint venture projects in the Eastern Province’s Industrial City of Al-Jubail: Saudi Chevron Phillips Company (SCP), Jubail Chevron Phillips Company (JCP), and Saudi Polymers Company (SPCo), the latter jointly owned with National Petrochemical Company (Petrochem). As a key member of the Corporate Accounting team, the Analyst – Corporate Accounting plays a pivotal role in ensuring the accuracy, compliance, and efficiency of financial operations within these high-impact ventures. This position is instrumental in maintaining robust financial records, preparing precise financial reports, and supporting strategic decision-making processes.

Core Responsibilities

The Analyst – Corporate Accounting is responsible for executing critical month-end close activities in strict adherence to company policies and international accounting standards, including IFRS. The role encompasses a broad spectrum of financial duties, including but not limited to:

• Journal Entries and General Ledger Management: Posting and verifying journal entries in SAP, ensuring all joint venture transactions are accurately recorded and classified. This includes handling complex accruals, benefit adjustments, and treasury-related entries to maintain the integrity of financial records.
• Payroll and Expense Processing: Managing the classification, reclassification, calculation, and reconciliation of payroll, benefits, and administrative expenses. This involves processing monthly EOS provisions, HOP transactions, bonuses, saving and fitness plans, medical charges, GOSI contributions, and full payroll processing for distribution partners and seconded staff (CPC).
• Tax and Compliance Management: Calculating, reconciling, and processing VAT and IFRS 16 obligations by reviewing contracts, calculating interest, and ensuring compliance with regulatory requirements. This includes preparing and submitting accurate tax filings to avoid penalties and maintain operational continuity.
• Transaction Processing: Handling dividend payments, purchase order (PO) and non-PO transactions from distribution partners, amortization schedules, and commission calculations. Ensuring these transactions are processed efficiently and in accordance with established financial policies.
• Financial Reporting and Reconciliation: Preparing monthly account analyses, reconciliations, and balance sheet reviews to verify the accuracy and completeness of financial data. This includes documenting justifications for discrepancies and ensuring all accounts are reconciled in a timely manner.
• Budget Support and Audit Preparation: Assisting in the annual budgeting process for General & Administrative (G&A) and Shared Services (SD) cost centers. Preparing for and supporting annual SOX audits by maintaining up-to-date reporting systems and internal audit documentation.
• Operational Excellence and Continuous Improvement: Contributing to the organization’s operational excellence initiatives by identifying opportunities for process enhancements and implementing best practices in financial management. This includes adhering to established environmental, health, safety, and quality (EHSQ) policies to ensure a safe, compliant, and high-quality working environment.
• Collaboration and Communication: Serving as a liaison between the Corporate Accounting team and other departments, including distribution partners and seconded staff. Effectively communicating financial data, responding to inquiries from stakeholders, and presenting reports to management teams as required.

Qualifications and Experience

To excel in this role, candidates must meet the following qualifications and possess the necessary experience:

• Educational Background: A Bachelor’s degree in Accounting, Finance, or a related field is required. Professional certifications such as CPA or ACCA are advantageous but not mandatory.
• Professional Experience: A minimum of 4 years of relevant accounting experience is required, with a total of 2-8 years of professional experience in corporate accounting, financial reporting, or auditing. Prior experience in the petrochemical sector is highly preferred, given the specialized nature of the industry.
• Technical Proficiency: Strong working knowledge of ERP systems, particularly SAP, is essential for managing financial transactions and generating reports. Familiarity with accounting software and Microsoft Office Suite, including advanced Excel skills, is also required.
• Analytical and Communication Skills: The ability to analyze financial data, interpret complex information, and prepare clear, concise reports is critical. Strong written and verbal communication skills are necessary to present financial information to diverse audiences, including management, clients, and regulatory bodies.
• Compliance and Ethical Standards: A commitment to upholding ethical standards, maintaining confidentiality, and ensuring compliance with local and international financial regulations is paramount. The role requires meticulous attention to detail and a proactive approach to identifying and resolving discrepancies.

Why Join S-Chem?

S-Chem stands at the forefront of Saudi Arabia’s industrial development, particularly in the petrochemical sector. As a pioneer in the industry, the company is dedicated to fostering private-sector investment and driving economic growth in the Kingdom. By joining the Corporate Accounting team at S-Chem, professionals will have the opportunity to contribute to high-impact projects, work alongside industry leaders, and play a vital role in shaping the future of Saudi Arabia’s industrial landscape. This role offers a dynamic and challenging environment where continuous learning, professional growth, and operational excellence are highly valued.