Fixed Asset Financial Expert
5 days ago
About the Role
As a Fixed Asset Financial Expert at ENOC, you will play a crucial role in ensuring the accurate and timely accounting of capital expenditures and fixed assets. Your primary responsibilities will include processing monthly Capital ER close outs, submitting reports to management, and providing administrative support on budget and forecast exercises.
Key Accountabilities
- To execute the accounting of fixed assets and capital expenditures through processing monthly Capital ER close outs in coordination with relevant business entities within agreed timelines.
- To submit various reports and status of projects to management, including monthly investment expenditures status and capital budget utilization.
- To provide administrative support to management on budget and forecast exercises, implementation of policies and procedures related to fixed assets at ENOC group level.
- To compile yearly asset schedule for audit and liaise with internal/external/government auditors to provide necessary inputs and initiate timely corrective actions.
- To update and maintain fixed asset register capturing all assets, periodical depreciation, audit schedule, and any other relevant information in line with ENOC policies and procedures.
- To provide support on conducting periodical reconciliations of fixed assets accounts, including depreciation, provision, shop orders to general ledger, investigating exceptions, and resolving the same.
- To prepare monthly and yearly management/stakeholders reports covering financials/KPI/BSC reports for all entities applicable for review and approval.
- To conduct physical verification of group assets and update management via periodical reports along with variations, if any identified.
- To liaise with intercompany/relevant stakeholders and be responsible for providing accurate financial services with regards to fixed assets.
Requirements
- Educational Qualification: A university degree in accounting qualifications
- System Skills: ERP system exposure, knowledge of fixed asset, POP, and general ledger systems. Expert knowledge of Excel
- 3 years of overall experience in finance, preferably with 1 year experience in Oil & Gas industry
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