Carl Esterhuysen

Experienced Commercial & Financial Analyst | Joint Venture Advisor | Finance Specialist at Saudi Aramco

Saudi Arabia

About

Results-driven, commercially astute Chartered Accountant (“CA”), financial and commercial analyst with multifaceted experience. Thrives in complex situations and multicultural environments. Big 4 public accounting background and more than 10 years of extensive international industry experience in multi-billion oil & gas, chemicals, power and mining industries. Proven track record in the area of project analysis and development with an ability to work flexibly and adaptively in a complex environment with multiple stakeholders covering a wide variety of commercial, financial and governance issues. Committed to quality and continuous improvement with a passion for hands-on detail orientated application of analytical techniques towards improving financial and operational performance

Experience

  • Accounting Staff Specialist at Saudi Aramco
    2012 - Present · 14 yrs 6 mos

    Supports a wide range of stakeholders on all financial and commercials aspects related to established/newly developed JVs & subsidiaries involved in the downstream energy & chemical sector. This includes performance analysis, risk management, financial due diligence, contract review, project financing, IFRS research, ERP systems and tax matters.

  • Woodside Energy (Perth, Australia)
    • Manager Group Management Reporting
      2009 - 2011 · 2 yrs

      Full responsibility for month-end financial close process, including group consolidation and integrity of financial reporting. Prepared monthly board pack with root cause variance analysis (actual v forecast). Liaised closely with business unit managers, treasury, tax, investor relations and legal departments on accounting and business issues identified. Process owner responsible for SAP system processing and resolution of issues identified.

    • Team leader Finance – Exploration & New Ventures Business Unit
      2007 - 2009 · 2 yrs

      Performed analysis and review of joint venture EP operating agreements and production sharing contracts. Established accounting systems, operating procedures and practices for new country entry. Provided statutory, management and joint venture accounting services to internal and external customers.

    • Internal Auditor, Audit & Business Risk Department
      2005 - 2007 · 2 yrs

      Coordinated and lead international non-operated joint venture audits (Houston, Spain, Algeria, UK) focussing on E&P expenditure and internal control improvements. Successfully negotiated with Joint Venture Partners during the close out of non-operator audit claims. Managed various risk based audits covering operational & financial processes and drafted reports to the Board.

  • Director - Audit services at Deloitte
    2005 - 2005 · Less than a year

    Managed financial audits on ASX listed clients in the Oil & Gas and mining sectors. Researched specialized accounting issues under IFRS and presented IFRS topics at training seminars.

  • PwC (7 yrs 1 mo)
    • Senior Manager - Audit
      2004 - 2005 · 1 yr

      Audit manager responsible for effective and efficient delivery of financial audit services to Canadian public companies and SEC registrants in the Oil and Gas industry. Successfully managed and advised clients in the Oil and Gas sector on the first time implementation of Sarbanes Oxley Act requirements.

    • Senior Manager
      1998 - 2004 · 6 yrs

      Manager responsible for audit engagements ensuring the effective and efficient delivery of financial audit services to a broad client base including large multi-national E&P companies (Shell, Chevron and Saudi Aramco). Liaised and coordinated with international offices (mainly US and UK) on accounting issues, audit risks and status of multi-national audits including Sarbanes-Oxley Act requirements. Researched and consulted with clients on technical accounting issues (IFRS and US GAAP)