Consulting, F&A - ALMV (Fixed Asset Accounting) - Senior Associate (Amman/Riyadh)

Description

Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates.

Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.

Business Unit Description

Why PwC

Established in the region for over 40 years, PwC Middle East employs over 12,000 people across 12 countries: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Palestine and the United Arab Emirates. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of local business environments across the Middle East region. Our tailored solutions help our clients meet the challenges and opportunities of doing business in the Middle East market, and beyond.

BU Description

PwC is a global professional services firm that provides a range of Finance & Accounting consulting services to clients in various industries. Some of the F&A consulting services that PwC offers include Accounting Advisory, Finance Transformation, Economics & Sustainability, Asset Lifecycle Management and Valuation (ALMV), Government Reporting, and Shift SAP. The services that PwC provides are designed to help clients improve their financial performance, manage risk, and meet regulatory requirements.

OU Description

Within our ALMV practice, we focus on asset-intensive organizations, improvement of asset performance and cost reduction are critical challenges we address. We help our clients improve the management of their assets covering management, financial, and technical elements through different stages of the asset lifecycle, which include the end-to-end processes of planning, designing, procuring, constructing / implementing, commissioning, operating and maintenance and asset disposal, decommissioning or repurposing.

As a Senior Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this level include but are not limited to:

• Executing fixed assets and intangibles accounting and reporting projects covering project accounting including project accounting and capitalization, revision of judgmental areas (useful lives, residual values), impairment assessment, concession agreements, year-end reporting.
• Executing inventory accounting and reporting projects covering spare parts classifications and measurement, revision of judgmental areas (provision for slow moving items), costing mechanisms, impairment assessment and year end reporting.
• Assist the leadership team in building a long-term vision and strategy to continue to grow the business.
• Support in business development activities and shall start pursuing opportunities and leading their delivery.
• You will also be required to possess good management skills as the delivery role requires client management, multitasking and task management. A key part of delivery will be the creation, review and delivery of complex client deliverables which will include executive level reporting through to detailed documentation.
• You are also anticipated to have a large amount of interaction with the other PwC lines of services (such as tax, legal, deals, etc.) which requires a high-level understanding of the wider PwC offering and trends outside your core area of expertise.
• You will be expected to build and maintain positive, productive and professional relationships with clients and colleagues.

• Experience implementing International Financial Reporting Standards and/or International Public Accounting Standards.
• Experience in accounting for fixed assets, intangibles and inventory (IAS 16, IAS 38 and IAS 2 or IPSAS equivalent standards).
• Experience in other accounting standards related to fixed assets and inventory, such as IAS 37 - Provisions; IAS 36 - Impairment of assets; IFRIC 12 - Concession Arrangements; IFRS 16 - Leases.
• Experience working with Fixed Asset Registers in asset intensive industries.
• Understanding of various tangible assets types combined with problem solving skills.
• Data analysis skills utilizing digital tools such as Alteryx and Power BI. Perform market research to gather cost and market information.
• Solid report writing skills.
• Exposure to previous enterprise asset management projects, preferably in Saudi Arabia in a consulting capacity.
• Strong passion for client service delivery and collaborative teamwork.
• Excellent organizational skills, having the ability to prioritize workload whilst being resilient and being able to cope well under pressure and meeting tight deadlines.
• The ability and willingness to travel within the Middle East and worldwide where the project dictates.
• The role offers some flexibility in working hours, depending on the specific projects and client delivery expectations.

Education:

• Bachelor’s degree or equivalent in Accounting.

Qualifications:

• Preferably a professional certification in Accounting (CPA, ACCA, etc..)

Experience:

• 3-5 years of relevant experience in fixed assets accounting or auditing of CAPEX intensive companies (i.e. Utilities, O&G, Telecom, Manufacturing).