Specialist, Intercompany

Chemistry that Matters™

A career at SABIC provides you with an opportunity to leave a lasting positive impact to the world and yourself. From excellent health and well-being benefits to our comprehensive learning programs. We offer a wide range of benefits and offerings that recognize that our people have unique motivations and ambitions. It is all about matching what matters to you with what matters to us. Let us explore what matters!

As one of the world’s largest diversified chemical companies, we activate the power of human capital to address society’s future challenges. Through partnerships, we enable life-saving medical innovations and help fight world hunger. We are driving the circular economy for the benefit of communities and our planet through sustainability initiatives, such as our TRUCIRCLE™ portfolio.  Our success built upon the collective excellence of our 32,000 employees in 50+ countries.  Our values – Inspire, Engage, Create, and Deliver – are the foundation of our success. To learn more about this and how we strive to Be the Impact, click here.

Our purpose is "Chemistry that Matters". This is what drives us to do what we do. "Chemistry" goes beyond applying science and technology to enhance the supply of essential materials to the world. It is how we work, to build long-lasting relationships of trust. “What Matters” is making a meaningful impact for the world – through the customers and communities we collaborate with, so that we succeed and grow together.

It is all about matching what matters to you with what matters to us. We are mindful about the importance of the team we are building and how our team members impact to our culture.   We believe that good ideas come from anywhere, being inclusive to diverse perspectives is stimulating, encourages innovation and is critical to our mission. Let us explore this together!

For an overview of our work culture and benefits, click www.yoursabicbenefits.com .

Job Summary

The Netback department is responsible and takes care of the financial and non-financial activities related to Netback finance process. The process is unique to SABIC, where HQ buys goods from its Affiliates based on the concept of ‘provisional purchase price’ (PPP), not redefined transfer price. Safeguards daily operations in time and quality. Takes care of daily reporting, analytical and finance posting tasks. Also executes the monthly, quarterly and year end closing activities. 

How You Can Be the Impact

• Ensure that accounting and reporting of all netback activities is complete, correct and timely, that sub ledgers and general ledger are in accordance with SABIC accounting policies and with procedures and accounting standards.
• Safeguard and secure the weekly payment SABIC America to SABIC HQ and SABIC Agri-Nutrients accordingly the requirements in the applicable distribution agreement
• Analyzing, identifying root causes, advice and implement agreed corrective actions related to mismatches between KSA Principal Entities and SABIC America general ledger.
• Recognize system problems and initiate actions if differences or SAP system problems occur.
• Secure the day-to-day process will run uninterrupted and the month, quarter and year-end closing process will be perform in time and on quality.
• Participate as subject matter expert in projects to improve transparency, quality and reliability of the financial and logistical data in a complex systems environment. Examples are:
  • Transcend initiative like implementation new Netback tool and SAPs4HANA.
  • Safeguard also the “future” Netback activities related to GCGV joint venture business.
• Perform monthly / quarterly Intercompany reconciliation, identifying and solving root causes for non-reconciled items.
• Responsible for up-to-date standard operating procedures for the own work area.
• Provide evidence of completeness of sales and cost of sales to external auditors of KSA affiliates for import business.
• Coordinate and support as Netback America’s focal point of Internal/External Audits
• Initiation, development and delivery of financial steering information (reporting on financials and non-financials, KPI reporting) to the relevant SABIC America and KSA management and other stakeholders.
• Analysis of cost and revenue developments is to be carried out correctly and timely.
• Safeguard that Netback America activities, postings and reports are compliant with the existing distribution agreement and marketing agreement(s) inclusive the amendment(s).

What Matters to SABIC

• Bachelor’s degree in Accounting, Finance or related field required
• 7 Years of relevant experience in a finance and control position
• 5 years SAP knowledge (FI, CO, SD, MM, IM)
• Prior experience leading teams and or projects
• Advanced Excel proficiencies including VBA
• Knowledge around intercompany SD and FI processes and account reconciliation
• Excellent communication skills verbal and written
• Prior audit experience with Big 4 preferred
• Knowledge of standard accounting practices including IFRS
• Netback experience preferred
• Excellent analytical and interpersonal skills 

Eligibility Requirements

• You must submit your application for employment online to be considered. Please submit your resume using the “Apply Now/Apply” option on this page.
• You must be 18 years or older
• Applicants must be currently authorized to work for SABIC in the United States on a full-time basis.

Work Availability

Regular, predictable attendance is an essential function of this position. Applicants must be regularly available and willing to work (e.g. Monday – Friday) during assigned hours of operation and such other hours as the company determines are necessary or desirable to meet business needs.

We are proud to be a diverse and an equal opportunity employer. We are fully committed to a culture of respect and inclusion.