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Financial Reporting Specialist

2 months ago

Dubai, Dubai, United Arab Emirates NOV Inc. Full time

Job Summary

We are seeking a highly skilled Financial Reporting Accountant to join our team at NOV Inc. in the Middle East region. As a key member of our Finance Compliance team, you will play a critical role in ensuring the accuracy and timeliness of our financial reporting.

Key Responsibilities:

  • Assist with the coordination and execution of the external audit process, providing necessary documentation and support during the annual audit process.
  • Support regional Finance Compliance team with the monitoring of the audit progress against the agreed timetable.
  • Lead the financial statements preparation process for Middle East entities in accordance with IFRS and NOV accounting policies.
  • Ensure compliance with all relevant financial regulations and reporting requirements, staying up to date with changes in accounting standards.

Responsibilities:

  • Coordinate audit procedures between group and local auditors where applicable.
  • Support regional Finance Compliance Manager with the monitoring of the audit progress against the agreed timetable by organizing and attending regular audit progress meetings covering all Middle East jurisdictions.
  • Prepare weekly status summary, ensuring that the audit plan is being executed efficiently, and escalate any delays or deviations from the timetable to the regional finance leadership team in a timely manner.
  • Assist with the preparation of the standardized statutory trial balance for multiple business units and legal entities, coordinating with various finance teams to gather and validate financial data.
  • Prepare statutory trial balance and supplementary schedules for the multiple ledgers and legal entities, and process statutory adjustments arriving from US GAAP to IFRS compliant numbers and disclosures.
  • Assist with the preparation of the year-end financial statements, helping with the preparation of the consolidated financial statements for a large trading entity and leading the preparation of the statutory financial statements for some of the smaller Middle East entities.
  • Support Finance Compliance Manager during the implementation of full IFRS for the UAE entities, assisting with performing an impact assessment to identify key differences between IFRS for SMEs and full IFRS.
  • Develop an implementation plan and lead the implementation process for some of the smaller entities.
  • Assist with preparing assessments on highly technical accounting areas such as going concern, impairment of financial and non-financial assets, business combinations under common control, etc.
  • Aid with the implementation and standardization of ESG and climate-related disclosures in the Middle East region.

Requirements:

  • Relevant education in the field of finance, accounting or similar – min. Bachelor.
  • CA, ACCA, CPA or Equivalent Professional Certification.
  • Minimum 3-5 years relevant accounting experience (Big 4 and private experience preferred).
  • Exposure to external audits and financial reporting experience.
  • Self-motivated, professional, multitasking ability, enthusiastic, takes ownership and initiative, adaptable, and a team player.
  • Experience within the Oil and gas industry is a bonus.