Account Executive

OOMCO KSA; Al Khobar; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading company in the oil and gas sector is seeking an accounting professional to manage fixed assets, petty cash, and receivable transactions. The ideal candidate will have a bachelor's degree in accounting and 2-3 years of relevant experience. This role ensures efficient processing and timely recording of all transactions to support the company's financial integrity.

Qualifications

• Bachelor’s degree or equivalent in accounting.
• Professional certification preferred (CAT, ACCA, CPA, CIMA).
• 2-3 years of experience in accounting.

Responsibilities

• Perform accounting and processing of fixed assets, petty cash, and receivables.
• Check capex budget availability and monitor spending.
• Prepare monthly bank reconciliation and ensure accuracy of records.

Skills

Oracle financial system knowledge

Basic knowledge of VAT

Computer literacy in Microsoft Excel

Good communication skills in Arabic and English

Education

Bachelor’s degree in accounting

Professional certification - CAT or Intermediate level in ACCA, CPA, CIMA

Job description

JOB PURPOSE:

• To ensure performing accounting and processing of Fixed assets, petty cash and receivable transactions in order to ensure efficient processing and timely recording of all transactions.

KEY ACCOUNTABILITIES:

Fixed Assets:

• Checking capex budget availability for each capital expenditure projects.
• Monitor and report on actual spending against these capex projects compared to the capital job authorisation (CJAF).
• Prepare and submit Monthly Capex Report to each department detailing the actual spending, and CJAF value against each capital project.
• Timely capitalization of service stations and other assets placed in service (i.e. commissioned) and ensure they are recorded in the fixed assets register accurately.
• Run Monthly depreciation using Oracle Asset Module and ensure that the same is transferred and reconciled to General Ledger (GL) accurately.
• Coordinate the annual physical verification of assets as per the company policy.
• Ensure that assets retirements and transfers are record in a timely manner in compliance to the policy and Asset Register is updated timely.
• Reconcile the fixed asset register with GL on monthly basis
• Prepare audit schedules related to Fixed Assets and assist the auditors in their inquiries.

Petty cash and expense claims:

• Maintain records of invoices and payments related to petty cash, smart and credit expense claims.
• Perform monthly employee wise reconciliations of card and petty cash transactions.
• Follow up with employees to ensure timely submission of expense claims and settlement of staff advances if any.

Account Receivable:

• Timely booking and matching of receipts for bank transfers, cheques, cash deposits etc against the respective invoice and debit notes.
• Raise manual debit and credit notes based on the supporting.
• Sharing customer’s aging reports with business units on monthly basis.
• Responding to queries from other departments on collections, overdue invoices, customers on stop supply etc.
• Reconciliation of customers statement of accounts for any discrepancies.

General Ledger (GL):

• Prepare monthly Bank Reconciliation in order to ensure the accuracy of accounting records. And promptly clearing of payment related reconciling items in the recons.
• Creating Journal Voucher entries in GL when required.
• To perform GL accounts reconciliation as assigned by the line manager.

HSEQ:

• Adhere to OOMCO HSEQ standards and policy at all dealings

Minimum Qualification

• Bachelor’s degree or equivalent in accounting
• Professional certification - CAT or Intermediate level in ACCA, CPA, CIMA is preferred.

Minimum Experience

• 2-3 Years of experience in the same field

Skills

• Working knowledge in Oracle financial system especially Fixed Assets, Receivables and General ledger.
• Basic knowledge of VAT
• Computer literacy with Microsoft Excel and Word
• Good communication skills both in Arabic and English.