Petro Rabigh

Supervisor, Inventory Cost Accounting Unit

Petro Rabigh  •  Rābigh, SA (Onsite)  •  4 months ago
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Job Description

Oversee and supervise the Inventory Accounting function by applying generally accepted accounting principles to review, analyze and prepare inventory related financial information. Moreover, communicate monthly inventory results to senior financial management and take care of the requirements.

Duties & Responsibilities:

1. Develop a manual on inventory accounting reporting policy and procedure, and participate in preparation of the physical inventory procedure. Ensure proper handling and execution of the inventory task list by distributing it equally among the staff.
2. Monitor the unit day-to-day activities and reports to the superior major issues. Also checks the progress of the unit KPIs and goals and that appropriate actions are taken to achieve them.
3. Set up and monitor the execution of unit goals and KPI's aligned with the department objectives.
4. Supervise, lead, train and motivate staff to ensure assigned responsibilities, tasks, and instructions are performed properly and timely. Coordinate with all concerned sections/departments, the inventory reporting requirements, ensuring it is strictly followed.
5. Check, monitor, and coordinate with focal points of MFT, MMS, PP, SPS, SDU, SAP consultants, PIM engineers, process engineers and CPD concerning the complete, accurate and timely reporting of inventory movements for refined and monomer products.
6. Perform any other duties and responsibilities as designated by the Operation Accounting Section Head

Minimum Requirements:

1. BA in Finance/Accounting
2. Minimum 6 years' experience in the related work area
3. Auditing experience
4. Fundamentals of Accounting Principles on financial and cost
5. Basic Internal Control concepts and Management Accounting, International Financial Reporting Standard (IFRS), Basic Management Principles

Petro Rabigh

About Petro Rabigh

Rabigh Refining & Petrochemical Co. - Petro Rabigh - was founded as a joint venture between Saudi Aramco and Sumitomo Chemical in 2005. The plant is valued at US $10 billion and originally produced 18.4 million tons per annum (mtpa) of petroleum-based products and 2.4 mtpa of ethylene and propylene-based derivatives.

Petro Rbigh products are used in such end products as plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibers, household appliances, packaging, candles, pipes and many other applications.

Petro Rabigh II is an expansion project valued at US $9 billion that reached full production by 4th Quarter 2017 and provided a wide range of new high value-added products, some of which are exclusive to the Kingdom of Saudi Arabia and the Middle East.

Petro Rabigh products have a vast range of applications that offer innovative downstream investors the chance to establish new industries in the region, bringing with them new skills and job opportunities. Petro Rabigh also offers many exciting investment opportunities through Petro Rabigh industrial complex (Rabigh PlusTech Park) which is the first private Industrial Park for conversion industries in Saudi Arabia, and is designed to accommodate polymer compounding Third Party Projects.

It is a site next to Petro Rabigh where downstream industries utilize Petro Rabigh products as feedstock to produce chemical compounds such as polyols, polymer stabilizers, xylenes and solvents. The Rabigh Plastic Technical Center (R-PTC), a state-of-the-art facility run by Sumitomo Chemical, provides technical support and training in plastic processing technology.

As such, Petro Rabigh is at the hub of an upsurge in economic and technological development in line with Saudi Arabia's Vision 2030 to create a vibrant society, a thriving economy and an ambitious nation.

Industry
Oil, Gas & Mining
Company Size
1,001-5,000 employees
Headquarters
Rabigh, SA
Year Founded
2005
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