Senior Accountant

ADNOC (Abu Dhabi National Oil Company); United Arab Emirates; On-site; AED 220,000 - 294,000; Full time

Job summary

A leading oil production company in the United Arab Emirates is seeking an experienced accounting professional to perform financial duties, including supervising staff, preparing reports, and ensuring compliance with financial policies. The ideal candidate will possess a Bachelor's degree in Accounting/Finance and have a minimum of 8 years of relevant experience. The role entails budgetary control and overseeing cash management operations, making it essential for maintaining financial integrity within the organization.

Qualifications

• Minimum 8 years of experience in accounting roles.
• Experience in financial reporting and budget control.
• Proficient in managing cash and bank reconciliations.

Responsibilities

• Supervise staff and ensure compliance with financial standards.
• Prepare timely month/year-end closing reports.
• Review controls to ensure accounts are reconciled accurately.
• Scrutinize cost reports for correct allocation and variances.
• Implement budgetary controls on expenditures.
• Verify and endorse supplier invoices as per policies.
• Manage bank accounts and ensure effective cash management.

Skills

Accounting principles

Budgetary control

Financial reporting

Education

Bachelor Degree in Accounting / Finance

Job description

About the Company

We are the largest oil producer within the ADNOC Group, accounting for over half of ADNOC’s total oil production. As the country’s oldest oil production company, our operations date back to 1939, when a 75-year concession was signed to explore for oil and gas in Abu Dhabi. As a global industry leader in environmental sustainability, we are the first in the world to capture carbon from the iron and steel industry. Our Carbon Capture, Utilization, and Storage (CCUS) facility at Al Reyadah has the capacity to capture 800,000 tonnes of carbon dioxide (CO2) from Emirates Steel Industries (ESI) each year, for use in the Bab and Rumaitha oil fields to support Enhanced Oil Recovery (EOR). Al Reyadah is, therefore, a critical enabler of ADNOC’s 2030 sustainability goals.

Job Purpose

Perform accounting duties and supervisory functions related to verification, processing and control of accounting records including general ledger, payables, receivables and financial payments, records and documents.

Job Specific Accountabilities

• Coordinate activities of the assigned staff performing supervisory responsibilities and ensuring compliance of the team with the set financial standards.
• Supervise preparation of accurate and timely month / year end closing reports ensuring that all accruals are correctly booked.
• Review control account falling under own responsibility in order to ensure that individual and collective accounts are well maintained and reconciled accordingly with subsidiary and general ledgers.
• Scrutinize cost reports and ensure that costs are correctly allocated, variances are investigated and discrepancies are corrected.
• Implement effective budgetary control at pre-expenditure stage and monitor expenditure reports to ensure expenditures are within budget and any over-expenditure are authorized.
• Verify and endorse invoices for suppliers in order to ensure that invoices are settled in compliance with contracting terms.
• Verify and endorse payroll details (on / off cycle) ensuring that payments are made against duly authorized orders of payment and in compliance with approved policies and procedures of the company and that total payroll expenditure are in line with allocated budget requesting justification in case of variances.
• Operate the company's bank accounts ensuring effective cash management and compliance with the company's regulations governing credit limits and risks. Reconcile the company's records with bank statements.

Minimum Qualification

Bachelor Degree in Accounting / Finance

Minimum Experience, Knowledge & Skills

8 years of experience, including at least

• Revenues/ Budget: As per approved financial budget
• Direct Reports: As per organization chart
• Indirect Reports: As per organization chart