Senior Accountant

4 weeks ago


Abu Dhabi, Abu Dhabi, United Arab Emirates ADNOC Group Full time
Roles and responsibilities

Job SpecificAccountabilities

FinancialReporting

  • Ensures the timely preparation offinancial statements of the company for submission to theManagement
  • Ensures timely preparation and issueof periodic detailed financial reports, such as analysis of variousaccounts to Financial ReportingDepartment.
  • Oversee the trial balance, generalledger for subsidiaries, ensuring all entries are accurate and upto date.
  • Analyze financial data to identifytrends, variances, and opportunities forimprovement.
  • Ensure all financial activitiescomply with relevant laws, regulations, and companypolicies.
  • Provide guidance and support toaccounting staff within the subsidiaries.

Budgeting and 5 YearBusiness plan:

  • Assist in the preparation of budgetsand financial forecasts for subsidiarycompanies.
  • Attend budget related meetings andassist the planning and implementing procedures for budgetpreparation
  • Identify significant variances anddeviations from approved budgets

Minimum Qualification

  • Bachelor's Degree inFinance or Accounting or any relevant discipline.

Minimum Experience,Knowledge & Skills

  • 6-8 years of relevant experience infinance including at least 3 years in positions of progressivelyincreasing managerialresponsibilities.
  • Experience preferably inshipping, logistics, marine services or related industry ispreferred.

ProfessionalCertifications

  • Association of Chartered CertifiedAccountants (ACCA), ACA, FCA
  • CharteredInstitute of Management Accountants (CIMA)
  • CPACertifications.
Desired candidate profile

Key Responsibilities of a SeniorAccountant

  1. FinancialReporting andAnalysis:

    • Preparingmonthly, quarterly, and annual financialstatements.
    • Analyzing financial data to ensureaccuracy and completeness.
    • Ensuring financialreports comply with GAAP or IFRSstandards.
    • Reviewing balance sheets, incomestatements, cash flow statements, and other financialreports.
  2. GeneralLedgerMaintenance:

    • Overseeingthe maintenance of the general ledger, ensuring all transactionsare recorded accurately.
    • Managing journalentries, month-end and year-end closingprocesses.
  3. BudgetingandForecasting:

    • Assistingin the preparation of budgets and financialforecasts.
    • Performing variance analysis andproviding insights into budget vs. actualperformance.
  4. Reconciliationand Audits:

    • Reconcilingaccounts, including bank, vendor, and intercompanyaccounts.
    • Leading or assisting with internaland external audits.
    • Ensuring compliance withfinancial regulations and companypolicies.
  5. SupervisingandMentoring:

    • Supervisingjunior accountants and accountingclerks.
    • Training and guiding staff onaccounting procedures and bestpractices.
    • Reviewing work completed by juniorstaff to ensureaccuracy.
  6. TaxCompliance andReporting:

    • Assistingwith the preparation of corporate tax returns and ensuringcompliance with tax laws.
    • Coordinating withexternal tax advisors to ensure tax filings areaccurate.
  7. InternalControls and RiskManagement:

    • Establishingand enforcing internal controls to minimize financialrisk.
    • Identifying areas of operationalinefficiency or financial risk and suggestingimprovements.
  8. CostAccounting:

    • Analyzingcosts and providing insights to improve operational efficiency andprofitability.
    • Preparing cost allocation modelsand ensuring accurate product or service costreporting.
  9. FinancialSystemsManagement:

    • Implementingand maintaining accounting software andsystems.
    • Identifying opportunities for systemimprovements to streamline accountingprocesses.

KeySkills for a SeniorAccountant

1.Advanced Technical AccountingSkills

  • In-depthknowledge of GAAP (Generally AcceptedAccounting Principles) or IFRS(International Financial ReportingStandards).
  • Strong proficiency inaccounting software likeSAP,Oracle,QuickBooks, orNetSuite.
  • Expertisein financial statement preparation,budgeting, andforecasting.

2.AnalyticalSkills

  • Ability toanalyze complex financial data andtranslate it into actionableinsights.
  • Proficient in varianceanalysis to explain differences between budgets,forecasts, and actual performance.
  • Identifyingtrends in financial performance and providingrecommendations.

3.Supervisory and LeadershipSkills

  • Leading andmentoring a team of accountants and financestaff.
  • Delegating tasks and managing theworkflow of the accountingdepartment.
  • Providing training and ensuringteam members adhere to best accountingpractices.
Key Skills
Accounting & Finance,AccountServices,Accounting Topics
Employment Type: Full-time
Department / FunctionalArea: Accounting
Experience: Not Mentioned years
Gender: Male
Vacancy: 1
Joining Date: Sat, 25 Jan2025

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