Saudi Arabia
Corporate Finance & Cash Management Division Head
Industry:
Oil & Gas
Career level:
Manager
Employment type:
Full time
Job location:
Industrial City, Yanbu Al Bahar
Salary offered
30 001 to 45 000 SAR
Requirements
Education:
Bachelor's Degree
Experience:
5-10 years
Languages:
Arabic
Driving license:
No
Job role
1. Advice the Management and Shareholders on the status of YASREF’s capital structure including debt.
2. Manage the analysis to develop the optimal capital structure for YASREF
3. Advice Management on the optimal sources to finance the operations and capital investments
4. Advice on YASREF current and future debt and credit needs and repayments
5. Develop insights into the optimum debt and credit structure for YASREF
6. Develop YASREF’s dividend and Shareholder pay-out policies
7. Develop financial planning and projection models and tools to capture key drivers and insights
8. Develop, manage and compile budgets and forecasts
9. Drive in-depth OPEX analyses to highlight potential risks or significant opportunities
10. Manage Cash Flow and Balance Sheet forecasting by developing and maintaining models and coordinating inputs with key individuals across departments
11. Perform and enhance established and ad-hoc financial analysis such as reporting on key metrics, performing ROI analysis on investments, benchmarking vs. competitors, benchmarking spending and other items, analyzing potential strategic partnerships and/or acquisitions
12. Create reporting and analyses for the Board of Directors’ meeting.
13. Manage YASREF’s cash requirements to help enable appropriate cash flow
14. Manage various incoming and outgoing cash operations including deposits and disbursements and wire transfer operations.
15. Conduct analysis to forecast cash requirements and positions
16. Highlight future cash flow issues to YASREF’s Management along with recommendations to address them
17. Manage preparation of monthly variance report
18. Support the maintenance of integrity and accuracy in financial transactions and reports
19. Assist with the closing process for interest accruals and payments
20. Lead the evaluation and execution of investment options for surplus funds.
21. Develop policies and procedures to improve efficiency of transactions including collections, funds transfers, disbursements, month-end account closing activities, and inter-departmental reporting
22. Manage issues related to foreign currency exchanges
23. Ensure records of all transactions.
24. Create effective controls to manage all compliance matters.
25. Maintain relationship with lenders, provide required analysis and update all lenders with any company documentation change.
26. Perform other job-related duties as assigned by the Treasurer.
Skills
Skills:
1. Budget Analysis
2. Accounting Processes and Principles
3. Treasury Management
4. Financial Analysis
5. Financial Information Systems
Qualification / Academics:
Bachelor’s Degree in Economics, Finance, or equivalent
CPA or equivalent is recommended. Master of Business Administration is preferred.
Benefits
Company background
The recently registered Yanbu Aramco Sinopec Refining Company or YASREF is a joint venture with Saudi Aramco retaining 62.5% equity share and China Petrochemical Corporation (Sinopec) retaining 37.5% equity share in the company. YASREF is a full-conversion world class refinery that will be built to manage 400,000 barrels per day. It is located in Yanbu Industrial City along the Red Sea, on the west coast of Saudi Arabia. The refinery will process Arabian Heavy crude to produce high–quality refined products that will meet the most stringent global product specifications and is expected to begin operations late 2014. The refinery will benefit from the availability of the Arabian Heavy crude oil supply while utilizing the excellent facilities and infrastructure of the Yanbu’ industrial city such as power and water grids and residential area. This project represents an excellent opportunity to build on the Kingdom's strategy of addressing global energy demand while attracting foreign investment to expand its economy. This facility in particular, with its ability to process large quantities of heavy crude, not only eases tight refining capacities but also addresses the mismatch between available crude supplies and refinery configurations; which is complicating today's refining products global supply. Several contracts were awarded to international and domestic engineering, procurement and construction companies to build the refinery. The refinery site and fabrication yard will accommodate a peak work force of 30,000 for the construction of the refinery and support facilities. The 30,000 workers are expected to accumulate approximately 130 million man-hours to construct the refinery. Once completed, the refinery will establish approximately 1,300 full time jobs and support approximately 5,000 indirect jobs in the Kingdom.
