Fixed Assets Accountant

ENEC Operations; United Arab Emirates; On-site; AED 120,000 - 200,000; Full time

Job summary

ENEC Operations is seeking a detail-oriented professional for inventory and fixed asset management. This role ensures compliance with UAE statutory requirements and involves key tasks such as reconciliation of accounts, data management in Oracle ERP, and collaboration with stakeholders. Candidates should have a bachelor's degree and a minimum of 3 years of experience, preferably in energy or construction projects. Opportunities for personal development and adhering to high standards of performance are integral to this position.

Qualifications

• Bachelor’s degree with a minimum of 3 years relevant experience.
• Professional accountant qualification preferred.

Responsibilities

• Manage inventory and fixed asset capitalization, ensuring compliance with UAE regulations.
• Reconcile sub-ledgers and maintain accurate asset transactions using Oracle ERP.
• Collaborate with stakeholders to ensure effective communication and compliance.

Skills

Inventory Management

Fixed Asset Management

Data Reconciliation

Oracle ERP

Team Collaboration

Education

Bachelor’s Degree

Professional accountant qualification

Job description

Job Purpose

To record Inventory / fixed asset capitalization, depreciation, write-off, and maintenance of sub-ledger reconciled accounting records in order to administer Inventory / Fixed Assets in compliance with the UAE statutory requirements, IFRS, management requirements, and with appropriate internal controls.

Key Activities, Responsibilities & Accountabilities

• Follow all relevant security policies, processes, procedures, and instructions to ensure security compliance in all aspects of work, applying them to oneself, others, and corporate assets.

• Follow all relevant Business Continuity and Resilience requirements to ensure effective planning and response to incidents or business disruptions, minimizing adverse impacts.

Activity: People Management

Responsibilities and Accountabilities:

• Contribute to the development of UAE employees supporting the corporation's objectives and Emiratization strategy.

• Promote knowledge sharing to build internal capabilities and enhance performance of UAE staff.

Activity: Excellence and Quality Management

Responsibilities and Accountabilities:

• Foster a culture of continuous improvement by eliminating waste, following operational procedures, encouraging innovation, problem-solving, teamwork, and adhering to Quality Management System policies.

• Uphold the Nawah Fundamentals.

Responsibilities & Accountabilities (contd.)

Activity: Fixed Asset Management

Responsibilities and Accountabilities:

• Use Oracle ERP and other systems to administer accurate fixed asset transactions in line with ENEC capitalization policies, ensuring monthly reconciliation of fixed asset sub-ledger accounts.

• Coordinate with Senior GL Accountant and Projects Accountant to set up asset location codes, category codes, and useful life parameters, mapping categories to GL accounts.

• Reconcile fixed asset and inventory sub-ledgers, review the fixed asset register with owners to ensure accurate asset status updates.

• Maintain and reconcile the Fixed Asset register for external audits, including disclosures and annual records of additions and deletions.

• Review and analyze physical inventory counts in accordance with guidelines.

Activity: Inventory Management

Responsibilities and Accountabilities:

• Maintain inventory records such as Goods Receipt Notes, Goods Delivery Notes, issuing, spoilage, and safekeeping in coordination with warehouse staff.

• Collaborate with warehouse staff to ensure compliance with ENEC requirements and update inventory modules regularly.

• Reconcile ERP inventory data with warehouse systems monthly, quarterly, and annually for management reporting.

• Ensure inventory transactions comply with IFRS and statutory requirements, including physical stock takes and supporting audits.

• Support development and monitoring of inventory systems for stock efficiency.

• Assist in strategic planning and ensure reporting quality conforms to regulations and policies.

• Process monthly and yearly inventory adjustments.

Activity: Stakeholder Engagement

Responsibilities and Accountabilities:

• Facilitate internal and external communication to build and maintain mutually beneficial relationships.

Activity: Health, Safety, Environment, Security, and Business Continuity

Responsibilities and Accountabilities:

• Take personal responsibility for safety; follow HSE policies, report hazards, and avoid misuse of workplace assets.

Professional Certifications

Certificate Min: N/A

Certificate Max: Professional accountant qualification

Qualifications

Min: Bachelor’s Degree, 3 years relevant experience

Max: Experience in energy or construction projects is highly desirable; governmental experience preferred

Experience: Relevant professional experience required.