Accountant (contract)

The Company:
Aramco Trading was established as Saudi Aramco's trading arm in 2011 under the approval of Saudi Aramco's Board of Directors. It established its headquarters in Al-Midra Tower in Dhahran, Saudi Arabia and have 5 other global offices in London, Singapore, Dubai and America. With five offices currently operating worldwide, Aramco Trading has broader access to markets, a wider client base, a more talented and diversified workforce, and a more sophisticated and integrated global business model.

Today, the company is recognized globally as a critical trading partner for refiners, shipping companies, financial institutions, end-users, and other product-trading companies. The company trades across the barrel including Crude, Middle distillates, Light distillates, bulk petrochemicals, polyolefin and recently clean energy like LNG, Emission and Biofuels.

Aramco Trading Singapore (ATS) is the largest subsidiary out of the Kingdom and is actively trading within the region and globally across all products since 2018.

The Function:
The General Accountant will play a key role in ensuring the accuracy, integrity, and timeliness of the company's financial records. This role is responsible for performing monthly bank reconciliations, processing and reviewing operating expense invoices and employee claims, intercompany recharges, payroll processing, analyzing operating expense trends, and supporting automation initiatives for expense processes. The individual will also assist in financial reporting activities and participate in the review of balance sheet accounts, as required.

Key Accountabilities:
1. Bank Reconciliation

. Perform monthly bank reconciliations for all bank accounts.

. Investigate and resolve reconciling items in a timely manner.

2. Operating Expenses (OPEX) Processing

. Review and process supplier invoices related to operating expenses.

. Verify accuracy, appropriate coding (e.g., GL Codes and tax codes), cost center allocation, and compliance with company policies.

. Review and process employees expense claims ensuring completeness and adherence to reimbursement policies.

3. Payroll Processing Support

. Assist in the monthly payroll processing cycle

. Ensure timely posting of salary expenses, CPF contributions, and other statutory payments.

. Coordinate with HR to validate payroll data and resolve discrepancies.

4. Intercompany Recharges

. Prepare, validate, and process intercompany recharge invoices to and from related entities.

. Ensure proper documentation, allocation basis, and compliance with group transfer pricing guidelines

. Support Financial Reporting team in relation to the reconciliation of the related intercompany balances monthly and follow up on mismatches or outstanding items.

5. Operating Expense Accruals

. Prepare and book monthly OPEX accruals to ensure expenses are recorded in the correct accounting period.

. Coordinate with internal stakeholders to obtain timely supporting information for accrual estimation.

. Reconcile and reverse accruals in the following period, ensuring accuracy and proper documentation.

6. Operating Expense Analysis

. Prepare month-on-month variance analysis of operating expense actuals vs. actuals.

. Identify significant variances, investigate underlying causes, and provide explanations to management.

. Support management in cost control initiatives by providing relevant OPEX insights.

7. OPEX Process Automation

. Act as the primary contact person for operating expense process automation initiatives.

. Work closely with internal stakeholders and system teams to streamline, enhance, and digitalize the expense workflow.

8. Financial Reporting Support

. Assist in monthly, quarterly, and annual financial reporting activities, where required.

. Support the preparation of schedules, reconciliations, and audit documentation as required.

9. Balance Sheet Review

. Perform periodic review and reconciliation of assigned balance sheet accounts.

. Ensure that all balances are supported with proper documentation and follow-up on outstanding items.

Requirements:
. Bachelor's degree in accounting, finance, or related discipline.

. Professional certifications (ACCA, CPA, CA, or equivalent) are an advantage.

. 1-3 years of relevant accounting experience, preferably in a corporate or shared services environment.

. Strong understanding of accounting principles and financial processes.

. Proficiency in MS Excel experience with ERP systems is a plus.

. Analytical mindset with strong attention to detail.

. Ability to meet deadlines and manage multiple responsibilities.

. Strong communication and interpersonal skills.

. Proactive and process-improvement oriented.

. Team player with the ability to work independently.

Application:
Do you have what it takes If you are keen to grow your career with a leading energy company, this is the role for you.

Interested applicants please submit full resume with email and contact details to

[Confidential Information]

We regret to inform you that only selected candidates will be notified.