Senior Accountant

1. JOB DETAILS:

Position Title:

Senior Accountant

Reports to:

CFO

Department:

Finance

Hay Level:

15

2. JOB PURPOSE:

• Day to day plant efficient accounting, according to good utility practice, international accounting rules (IFRS), SOCPA accounting standards, legal, tax laws, contractual and other requirements
• Ensure timeliness and quality of accounting and reporting processes;
• Adherence to procedures and computerized maintenance management processes as applicable to a prudent financial management, in particular the accounting processes.
• Assist in the company’s tax filing and compliances
• Assist in the shareholder’s reporting
• Assist in the standardization of the accounting policies, procedures and internal controls
• Assist in the implementation of and migration to SAP HANA ERP
• Coordinate accounting activities with operation, maintenance, administration, and HSE departments
• Monitor the finance budget in line with the overall company budget
• Assist in preparing the long-term business plan
• Assist in organizing the yearly financial audit

3. KEY ACCOUNTABILITIES:

• Perform day to day plant accounting and coordinates all other accounting activities, according to good utility practice, international accounting rules (IFRS), SOCPA Accounting standards, legal, tax laws, contractual and other requirements
• Execute the monthly financial closing of the company in coordination with the other team members
• Preparation of management internal reporting schedules and utilization of schedules for improvement in business processes
• Prepare the monthly financial closure reports and variance reports to comply with the Monthly financial reporting and financial analysis requirements of the shareholders.
• Assist in filing tax returns of the Company and coordinate with the tax authorities and consultants for the queries, responses and audits.
• Assist in filing tax returns of the Company and coordinate with the tax authorities and consultants for the queries, responses and audits.
• Liaise with Finance/Procurement/ other departments for efficient management of payment cycle
• Ensure maintenance of up-to-date and accurate Arabic accounting records in SAP as required by local laws
• Liaise with government officials, banks, tax advisors etc. for finance related matters as and when required.
• Determines and schedules the resources and requirements for each activity;
• Reviews and Adherence to finance, accounting and purchasing Methods and Procedures;

• reporting of KPI’s and objectives in line with the Business Plan;
• Establish and implement vertical/horizontal communication within the team to ensure members are well informed and remain engaged with the business.
• Adherence to Quality, Health, Safety and Environmental policies and standards

• Implements lessons learned processes and other activities to achieve a learning organization;
• Communication and cooperation with the Operation and Maintenance, HSE, Administration teams

4. HEALTH & SAFETY:

• The Job Holder will work in a controlled hazardous environment.

Work Levels and Conditions and Risks:

• Work Level 1 (OSHA scale 1 to 6): the tasks that he/she performs as part of their daily work activities do not represent a risk for their integrity;

Exposure to Risks:

• Traffic/automobile accidents, ergonomic problems and accidents;
• Risks inherent to the job of Financial Manager while performing inspections, site visits, etc.

Personal Protective Equipment:

• Hard hat/safety helmet;
• Ear protection (plugs or ear muffs);
• Safety glasses;
• Safety shoes;
• Dust mask;

Recommended HPE (Health Protection Equipment):

• Ergonomic office equipment;

Medical Exams/Laboratory Exams before Taking the Position:

• Complete medical physical examination;
• Visual acuity examination.
• PFT (lung capacity)
• Audiometric test

Recommended for persons older than 45 years:

• Laboratory tests: complete blood biometrics, blood chemistry: 3 elements (glucose, urea and creatine) and a general exam of urine;
• Electrocardiogram;
• X-ray PA of thorax.

Medical Criteria for the Position:

• High Blood Pressure: not to present a TA greater than 135/85 in case of present alteration and individual monitoring program;
• Obesity: in case of obesity, implement a monitoring and reduction of weight program.

5. JOB CONTEXT:

• Dhuruma O&M company Ltd operates a combined cycle power facility with 1729 MW of power capacity. The company has two shareholders: Kahrabel FZE, with Head Office in Dubai and Aljomaih Energy & Water Company Limited, with Head Office in Riyadh.
• Dhuruma O&M company Ltd performs services through an O&M agreement for the Owner of the power facility: Dhuruma Electricity Company.
• The project is a Greenfield IPP with a 20 year PPA with single off-taker (SEC) on BOO basis.

• The Job Holder will be based at Dhuruma power plant (PP11), 125 km West of Riyadh;
• The Job Holder leads the accounting dept. He is responsible for setting Objectives, delivering targets (quantity and quality) as well as execution of the company strategy.

6. PROBLEM SOLVING:

• The Job Holder is supposed to act and find solutions to (potential) problems within the Department; however he is responsible for keeping the CFO informed.

7. COMMUNICATION AND WORKING RELATIONSHIPS:

The Job Holder will work and communicate with:

• Internal: The General Manager, Finance dept, Operation, Maintenance, Administration, HR, HSE;
• External:

• Owner, Dhuruma Electricity Company, through the O&M agreement
• Suez Services Saudi, the Gas Turbine long term services agreement contractor
• Saudi Electricity Company, the Off-Taker
• Saudi Authorities
• Other Contractual Counterparties, Contractors, Suppliers, Equipment Manufacturers and Vendors.

8. FRAMEWORKS, BOUNDARIES AND DECISION-MAKING AUTHORITY:

• Operates within the approved budgetary limits;

9. JOB DIMENSIONS:

Number of staffs supervised:

Approximate number of Direct Reports:

Approximate number of Direct / Indirect Reports

Position titles of Direct Reports:

None

Positions titles of Indirect Reports:

None

10. QUALIFICATIONS, EXPERIENCE AND SKILLS:

Essential Qualifications:

• University degree in accounting, preferably with additional relevant qualifications such as ACCA/CMA

Experience:

• At least 5 years’ experience in the accounting preferably of a large combined cycle power plant,

• Knowledge of both IFRS and SOCPA accounting standards applied to the IPP business in KSA
• Knowledge/Experience with SAP HANA
• Knowledge/Experience with KSA Tax Laws
• Knowledge/Experience of financial closing and reporting.
• Knowledge of the main database platforms used – (SAP, MS Office)
• Knowledge of KSA or Middle East working practices and customs
• preferably working within a multi-cultural environment
• Proven delegation skills and able to create a work climate where people are empowered to take action
• Excellent communication skills, capability to communicate clearly and concisely at all levels
• Ability to act independently to prioritize, initiate, resolve and complete actions required to take the business forward to meet goals

• Interaction with operation, maintenance, administration and HSE

Skills:

Behavioral:

• Drive to achieve through himself and others
• Ability to build and work with multi-cultural and multi-disciplinary staff
• Ability to work together with the other departments in order to achieve the best result for the company
• Take ownership
• Maintains high ethics standard
• Motivation and leadership of team and individual team members
• Respects the others as well as the cultural diversity
• Seek, organize and exchange information for decision making and problem solving
• Ability to create a climate of open communication on personal and professional issues
• Ability to work autonomously, prioritizing tasks and activities in line with business objectives
• Quality and environmental awareness and managing according to quality standards and procedures
• Innovation, vision, creativity, taking initiative, problem solving and decision making
• A pro-active approach to planning and decision making
• Ability to build effective relationships with key stakeholders
• Saudi National

Language:

• English Language: excellent communication skills both written and verbal;
• Arabic is an advantage;

Computer:

• Computer literate:must have a high degree of skill in Business Computing Applications such as Databases, Word Processors, Spreadsheets, PowerPoint and Maintenance Management System;

11. CYBERSECURITY RESPONSIBILITIES:

• The job holder acknowledges that in the course of employment by Company, he will be exposed to confidential information of Company and agrees to treat all such information as confidential and to take all necessary precautions against disclosure of such information to third parties
• Company assets and the assets of others entrusted to the Company will be protected against loss, misuse and/or abuse. The use of material or facilities for the purposes not directly or indirectly related to Company business or the removal or borrowing of Company property without written permission, is strictly prohibited.
• Data should not be shared informally, if there is a need to access confidential information, the job holder can request this in writing.
• Company's confidential and trade secret information shall not to be use, except to the extent necessary to provide services or goods requested by Company.
• In particular, strong passwords must be used and they should never be shared.
• Personal data should not be disclosed to unauthorized people, either within the company or externally.
• Data should be regularly reviewed and updated if it is found to be out of date.
• Protecting of all Company’s assets from unauthorized access, or sabotaging those assets.
• Implementation of all required activities related to cybersecurity in accordance to the Company policies and procedures.

12. GENERAL RESPONSIBILITIES:

• Adheres to Dhuruma O&M Company Policies and Procedures
• Behaves in a responsible way
• Lives the values of the company;
• Undertakes other duties as may be expected within reason.