Management Accountant

JOB PURPOSE:

• Day to day plant efficient accounting, according to good utility practice, international accounting rules (IFRS), legal, contractual and other requirements

• Ensure that the plant meets the budgeted cash flow, net income and balance sheet position.

• Establish the appropriate procedures and computerized maintenance management processes as applicable to a prudent financial management, in particular the accounting processes.

• 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

KEY ACCOUNTABILITIES:

• Coordinates all accounting activities, according to good utility practice, international accounting rules (IFRS), legal, contractual and other requirements
• Day to day plant accounting, according to good utility practice, international accounting rules (IFRS), legal, contractual and other requirements

• Establishes and administers the accounting processes through a computerized management program;
• Determines and schedules the resources and requirements for each activity;
• Reviews, implements and monitors the adherence to finance, accounting and purchasing Methods and Procedures;

• Development, achievement and 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
• Implementation of Procedures, documentation, drawings and manuals management

• Establish and facilitate training programs for individual development and operational competence
• Implements lessons learned processes and other activities to achieve a learning organization;

• Succession planning for key staff

• Communication and cooperation with the Operation and Maintenance, HSE, Administration teams

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.

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.

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.

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.

FRAMEWORKS, BOUNDARIES AND DECISION-MAKING AUTHORITY:

• Operates within the approved budgetary limits;

JOB DIMENSIONS:

Number of staff supervised:

Approximate number of Direct Reports:

Approximate number of Direct / Indirect Reports

1

Position titles of Direct Reports:

Finance Executive

Positions titles of Indirect Reports:

None

QUALIFICATIONS, EXPERIENCE AND SKILLS:

Essential Qualifications:

• Qualified accountant with additional relevant qualifications

Experience:

• At least 10 years experience in the accounting preferably of a large combined cycle power plant, 3 of which must have been in the capacity of a Senior accountant

• Knowledge of both IFRS and US GAAP as required and applied to the IPP business
• Knowledge of the main database platforms used – (SAP, MS Office)

• Knowledge of KSA or Middle East working practices and customs
• Used to working within a multi-cultural environment
• Knowledge of joint venture operations within a multinational business 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