Senior Accountant

Borouge; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A manufacturing company in Abu Dhabi is seeking an experienced professional to manage core accounting processes for fixed assets and inventories. Responsibilities include ensuring timely accounting and compliance with company policies and IFRS standards. Candidates must possess a university degree in Accounting or Finance, with 7-10 years of relevant experience, and be proficient in SAP S4Hana. This role requires strong analytical skills and fluency in English, offering a dynamic workplace within the UAE.

Qualifications

• University degree in Accounting, Finance, or any related discipline.
• Minimum 7-10 years of related experience in accounting, preferably in a manufacturing company.
• Computer literate with experience in working with SAP S4Hana.

Responsibilities

• Perform accounting activities to ensure accurate and timely accounting of fixed assets.
• Prepare schedules for month-end closing including Asset Register and Depreciation expense.
• Conduct physical verification of assets to ensure their availability.

Skills

Accounting

Financial analysis

Inventory management

SAP S4Hana

Fluent in English

Education

University degree in Accounting or Finance

Tools

SAP S4Hana

Job description

JOB PURPOSE

The jobholder is responsible to execute core accounting processes and activities related to valuation, verification, quantity assessment, movement and state of fixed assets and inventories of Borouge ADP to ensure efficient and effective administration of these assets while adhering to the controls in line with ADNOC & Shareholders’ policies and IFRS.

The key challenge in performing this role is to gather accurate details required by Accounting from Project Managers with regards to asset componentization and their expected useful life at the time of project capitalization.

KEY ACCOUNTABILITIES

Job Specific Accountabilities

Fixed Assets Administration

• Perform accounting activities to ensure accurate and timely accounting and monitoring of company’s fixed assets as well as providing in-depth analytics.
• Record transactions related to additions, transfers and impairment of fixed assets and ensure depreciation and amortization calculations are in line with company’s accounting policies.
• Prepare schedules required for month‑end closing such as Asset Register, Asset Movement, Accumulated depreciation, Depreciation expense and CAPEX impairment accrual.
• Prepare FA disclosures for reporting to Consolidation team and external auditors on quarterly basis.
• Provide support to asset custodian to prepare Capital Asset Disposal (CAD) form for those assets which are considered for impairment.
• Follow Delegation of Authority (DOA) to obtain approvals for asset write‑off as per Net Book Value (NBV) and book asset retirement in timely manner.
• Prepare monthly Assets Under Construction (AUC) Register for follow‑up with Investment Controllers and Project Managers to ensure timely capitalization of capital projects.
• Provide awareness sessions to Project Managers to inform them about the steps to be taken for timely closure of capital projects.
• Conduct physical verification of assets to ensure their availability and determine the condition of fixed assets.

Inventory Administration

• Calculate Slow Moving and Obsolete Inventory to ensure proper accounting entries are being made every half‑year in coordination with Material Management team.
• Prepare the Net Realizable Value (NRV) report for Finished Goods and book provision as required.
• Prepare Inventory balance report for finished goods, raw materials and spare parts on monthly basis.
• Prepare for quarterly and annual audit performed by external auditors, including preparation of Inventory Movement, Inventory Comparisons, Inventory write‑off provision and FS notes and schedules.
• Conduct annual stock count for Finished Goods at UAE Gateway and Overseas warehouses in collaboration with various warehouse teams and Logistics Service Providers (LSP).
• Reconcile warehouse stock‑in‑hand with stock as per balance sheet as of the date of stock count.
• Conduct annual stock count for Spare Parts in collaboration with Material Management team.
• Check randomly the inventory for monomers and raw material along with the external auditors during year‑end to ensure the audit needs are fulfilled.
• Manage Inventory Accounting risks within the ADNOC approved Risk and Control Matrix (RACM) and ensure internal controls are effective through periodical Test of Design (TOD) and Test of Effectiveness (TOE). Remediate any gaps based on approved remediation plan with strong collaboration with other stakeholders.

QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS

Minimum Qualification

• University degree in Accounting, Finance, or any related discipline
• Fluent in English language; spoken and written

Minimum Experience & Knowledge & Skills

• Minimum 7-10 years of related experience in accounting, preferably in a manufacturing company
• Computer literate with experience in working with SAP S4Hana
• Knowledge of financial practices and statutory requirements

Professional Certifications

• CMA, ACCA, ACA is an advantage