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Financial Reporting Analyst

5-7 Years
SGD 5,000 - 8,500 per month
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  • Posted 11 days ago
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Job Description

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 4 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 acrss all products since 2018.

The Function:

The ATS Financial Reporting function plays a critical role in ensuring the accuracy, integrity, and transparency of the company's financial performance. Operating in a fastpaced oil and gas trading environment-characterized by complex deal structures, market volatility, and stringent compliance requirements-the function provides reliable financial information that supports strategic decisionmaking and safeguards the company's financial governance.

This role is responsible for delivering highquality financial reporting, executing monthend close activities, performing variance analysis, and maintaining strong internal controls. It also acts as a key link between Finance, Trading, Market Risk, Operations, and the Group Financial Reporting team, ensuring that financial results are accurate, timely, and aligned with Group standards. In addition, the function supports audit processes, contributes to continuous improvement initiatives, and ensures compliance with IFRS, internal policies, and regulatory requirements.

Key Accountabilities:

1. Execute core monthend closing activities, including:

  • Review of shipmentlevel P&L results
  • Tank inventory costing and reconciliation
  • Accounting for derivatives and marktomarket adjustments
  • Intercompany reconciliations
  • Review of AR and AP balances
  • IFRS 15 assessment of revenue contracts with customers
  • IFRS 16 calculations and preparation of lease schedules

2. Perform variance analysis on significant movements in the Income Statement and Balance Sheet as part of the monthend reporting cycle.

3. Continuously review and enhance Finance processes, identifying opportunities to improve efficiency, automate recurring tasks, and strengthen internal controls.

4. Monitor the financial aspects of hedging activities, including the valuation of derivatives and application of IFRS 9 requirements.

5. Reconcile P&L between Finance and Market Risk, ensuring alignment and resolving discrepancies promptly.

6. Prepare government surveys, regulatory submissions and other ad hoc reports as required.

7. Work closely with the Group Financial Reporting team and support monthly reporting requirements to Saudi Aramco, ensuring submissions are timely, complete, and accurate.

8. Coordinate and manage external and internal audits, including preparation of audit schedules, addressing audit queries, and ensuring compliance with IFRS and company policies.

Requirements:

  • Certified Public Accountant (CPA) or equivalent professional accounting qualification (e.g., ACCA, CA, ICAEW)
  • Minimum of 5 years relevant external audit experience, ideally with exposure to multinational or commodity-related industries.
  • Highly detailoriented with strong technical knowledge of IFRS and financial reporting standards.
  • Ability to work independently, exercise sound judgment, and interact effectively with management, auditors, and regulatory bodies.
  • Strong analytical thinker with excellent communication skills openminded, adaptable, and capable of identifying and resolving problems proactively.
  • Working knowledge of tax is an advantage.
  • Proficiency in Excel, Power Query skills are a plus.
  • Prior audit experience in Big 4 is preferred

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

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

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Job ID: 144212311