Management Accountant

1. JOB DETAILS:

Position Title: Management Accountant

Reports to: CFO

Department: Finance

2. 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

3. 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

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 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

10. 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

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

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. 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.