Specialist Portfolio Accounting M&A

DEPARTMENT

The Global Finance Controllership organization is responsible for the following:

Ensuring legal entity executive reporting is accurate, timely, relevant and providing independent analysis on historical and forward looking financials information for Corporate Finance leadership;
Providing proper financial and accounting technical support cross-functional projects, among others in the M&A, Tax and Treasury arenas;
Ensuring IFRS compliance at all time in all internal and external reporting streams, providing timely and technically sound IFRS analyses and opinions on any relevant IFRS complex matters, demonstrating reasonable assurance and establishing sufficient internal controls over financial reporting;
Accurately and timely executing of the SABIC monthly consolidation process and the preparation of the IFRS quarterly and annual financial statements.

In the Global Finance Controllership organization, the Portfolio, M&A, D&I team is responsible for the following:

Providing expert know-how and governance regarding M&A, divestitures and integration accounting, restructuring and other related projects in particular regarding respective financial implications in forward-looking statements as well as in actuals;
Due Diligence support, Purchase Price Allocations and principles of push down accounting;
Post-merger integration support, impairment tests and business case reviews;
Legal entity portfolio and master data design;
Carve-out Financial Statements / Stand-alone Statements / Pro-forma Statements and prospectus support;
Analyzing footprint restructuring projects from an accounting and disclosure perspective, assessing and recording of restructuring provisions (e.g. personnel related, remediation, environmental, demolition, onerous contracts etc.
Act as a center of gravity for all quarterly and annual impairment test and trigger test exercises for all assets (tangible and intangible incl. goodwill) and across all SABIC businesses.

JOB PURPOSE & RESPONSIBILITIES

Be part of and lead the Project execution in the Portfolio, M&A, D&I team to ensure that all strategic growth projects in SABIC have proper finance leadership, strategic guidance and support.

In this context, she/he is a key player in any sell-side and buy-side M&A projects across the regions:

Be part of and lead the preparation of all Corporate finance related data room deliverables (sell-side) and the review of all data room information provided by seller (buy-side); be part of and lead respective due diligence activities;
Effectively interact, where applicable, with external advisors ensuring quality of deliverables and best in class cost profile of the services received;
Provides and ensure application of guidance on technical matters (EBITDA, net debt and working capital normalizations);
Plan, arrange and monitor all finance related PMO activities;
Engage and manage the relation with business finance team and statutory controllers leadership to ensure all the necessary regional information is complete, relevant and in line with high quality standard (sell-side);
Actively interact on the Special Purpose Financial Statements audit process, including interaction with external auditors;
Participates and manages, in coordination with M&A and business development team, the review of historical and forward-looking information in the context of new business initiatives, such as new plant set up, major expansions CAPEX projects and JV inceptions;
Coordinate the drafting and review of all the requested deliverables, ensuring that Corporate Finance leadership receives unbiased, independent analyses of proposed investment decisions, highlighting key opportunities and risks factors;
Analysis, management and resolution of accounting topics related to complex topics around M&A transactions, incl. purchase price allocations, push-down accounting and post-merger integrations.

As part of the Global Finance Controllership team, she/he supports the global team in the quarterly closing and a number of other areas, including but not limited to:

Provide guidance and draft group wide valid policies for M&A accounting, impairment testing and handling of restructurings;
Maintenance of the SABIC investment portfolio; establish a repository of subsidiaries, affiliates, associates and other investments; establish a comprehensible approach for the assessment and valuation of each category of investment and shareholding or in fact each legal entity;
Analysis of potential trigger events for impairment and the related impairment testing; manage and drive all impairment testing initiatives in quarter-end and year-end closing for all assets incl. goodwill and other estimate processes across the entire SABIC group;
Analyze footprint restructuring projects pending from an accounting and disclosure perspective, assessing and recording of restructuring provisions (e.g. personnel related, remediation, environmental, demolition, onerous contracts etc.);
Safeguard a high level of compliance and assurance, safeguard adherence to relevant standards such as IFRS 3, IFRS 10, IAS 27, IAS 37, support implementation of new IFRS standards in the areas mentioned above.

On top the following general and strategic aspects must be covered by the incumbent:

Build and develop an effective relationship with the relevant counterparts inside and outside the corporate finance team, in particular liaise with Enterprise Performance Management on respective projected cash flows and other relevant assumptions;
Where needed, provide PMO competences and support in other strategic projects;
On an ongoing basis, challenge the current reporting processes status quo to identify improvement opportunities; suggest and support design and implementation of operational improvements that will positively affect upon service and cost performance;
Promote finance teams knowledge with the rest of the Financial Global Controllership team to improve the quality of reporting by sharing best practices.

MINIMUM EDUCATION/BACKGROUND REQUIREMENTS

University degree in Finance/Accounting
Ability to work in a diverse, multicultural and hybrid environment
Deep knowledge of M&A processes and best practice (Big4 experience is a plus)
Proven track record in transaction service processes and best practice is required
Strong communication and analytical thinking
Chemical competitive space, business model and operations preferred
4 to 6 years of experience in finance department of large company environment
Managerial planning, budgeting, reporting processes and of the related ERP enabler (SAP familiarity preferred)
Deep knowledge of Power point and Excel proficiency is a pre-requisite for the position
Accounting statutory requirements (IFRS)
Professional qualification preferred
Fluent in written and spoken English; multiple language ability an advantage

FURTHER INFORMATION

Please apply online by sending us your CV and motivation letter in English. Due to data privacy reasons, we do not handle any applications sent by email. For additional questions you can contact the Recruiter Miriam Moscicka-Ozdemir via Miriam.Ozdemir@SABIC.com.

Please be informed that a reference check, an employment verification and E-assessment are part of our recruitment process. A Certificate of Good Conduct can be requested depending on the level of the role in our organization and/or function, allowing us to request depending on local regulations.

Responses from employment agencies will not be considered.

CHEMISTRY THAT MATTERS

The essence of SABIC is about powering ambition. Through what we do and how we do it, we power the ambitions of our customers, the society in which we operate, our business partners and our employees. Our focus puts our customers’ success at the heart of what we do. It also fuels individual development. It is grounded in a deep understanding of what customers want and what we can best offer them. To achieve this we strongly invest in our most important asset – our employees. We want to help you develop a career with us that challenges you in ways that really make you come alive. Make your career happen with SABIC.

SABIC is committed to creating a diverse work environment and is proud to be an equal opportunity employer and as such will not discriminate in its employment practices, including recruiting and hiring practices, based on a person’s race, color, religion, national origin, citizenship, sex (including gender identity, sexual orientation and pregnancy), age, disability, genetic information, veteran status, or other characteristics protected by law.

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