Finance Manager
Location: Saudi Arabia
Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, with over 80 nationalities across more than 30 countries. Everywhere we operate, our people are inspired to develop new ways of working and adapt to the changing energy industry.
We provide project management, engineering and construction expertise across the full field lifecycle. These services are delivered within three operational business units: Subsea and Conventional, Life of Field, and Renewables and Heavy Lifting.
Within Africa, Middle East & Caspian region (AMEC), we safely execute Subsea and Conventional projects which connect seabed wellhead infrastructures to surface facilities such as platforms and floating production systems. We are actively present in a significant number of countries in Africa, Europe, Caspian Sea, Middle East and Asia.
DESCRIPTION OF ROLE
The Finance Manager assists with the maintenance of accounting records in compliance with local and group regulations in an efficient and effective manner.
All personnel are expected to contribute to creating a positive HSEQ culture within Subsea 7 and ensure familiarity with and adherence to local HSEQ codes and practices.
All personnel are also expected to contribute to creating a culture of ethics and integrity within Subsea 7 and ensure familiarity with and adherence to our Code of Conduct.
POSITION OVERVIEW
Generic Key Responsibilities & Activities
Finance Objectives
- Ensure accuracy and timeliness of monthly, quarterly and year end finance reporting deliverables
- Compliance with statutory filing obligations for Saudi Arabia
- Annual returns
- Audited financial statements
- Direct / Indirect tax returns
- Local content
- Providing financial input to presentations for use at management and board meeting.
Treasury Management
- Reduce DSO and improve cashflow in conjunction with project management
- Collaboration with Treasury management to improve client invoicing process
- Liaise with local bank for guarantees issuance with Client / Custom
Process Improvement
- Development of project accounting knowledge within the cost control team (ie. to develop a consistent approach across projects for inefficiencies / avoidable costs)
- Providing technical guidance to the designated finance functions on IFRS issues, disclosure items, group procedures, new accounting standards and complex accounting matters.
- Assisting in the development of Group wide systems and controls and digitalization of existing process
Team development
- Supports the development of team members, through clearly understood roles, responsibilities and performance objectives, regular feedback and continual professional training
- Allocate resources to optimize the output and efficiencies of financial reporting for Saudi Arabia entity and Consortium
AUTHORITY/DIMENSIONS
- Operate within the Code of Conduct
- Operate according to Subsea 7's Management Principles
- Support standards and procedures for the Finance Function
- For level of authority see Authority Limit Matrix'
KEY QUALIFICATIONS/EXPERIENCE
- Candidates must have experience with IKTIVA
- Candidates must have interface with ZATCA
- Experience & familiar in interfacing with Aramco system (Project Control Deptartment)
- Experience with consortium financial interface.
- Graduate degree in Accounting or Finance or equivelant
- Professionally qualified accountant
- Relevant previous experience at an appropriate level in the subsea or offshore environment
- Proven management experience
MANAGEMENT OF APPLICATIONS
All applicants that meet the job criteria will be contacted in the next two weeks by the recruitment team. Remaining applications will be integrated in our database and considered in future job opportunities.
WE LIVE BY OUR VALUES
SAFETY | INTEGRITY | SUSTAINABILITY | PERFORMANCE | COLLABORATION | INNOVATION
“Our values are not just Corporate words on our Website or a poster on the wall in an office or a vessel. They are our continuous drivers of our behaviours, our actions and they guide our choices.”
John Evans, CEO
AN ENVIRONMENT WHERE YOU CAN THRIVE
Whatever your ambitions or professional aspirations, Subsea 7 provides exciting career opportunities, by connecting people and energy all over the world. Here, you’ll have the chance to work in a multicultural environment and embrace new career opportunities, either across AMEC countries or in other Subsea 7 business units.
A PLACE FOR INNOVATION
The knowledge, creativity and ideas our people bring to some of the most challenging and inspiring energy projects around the world drive our growth and success.
A CAREER YOU CAN BE PROUD OF
Subsea 7 is an equal opportunity employer. You’ll be surrounded by a diverse, international community of experts, who bring different skills and ideas that help us challenge the status quo and inspire innovation. Diversity makes us smarter.