About Company
About Company:
- Founded in 1971, ADNOC is a leading diversified energy group, wholly owned by the Abu Dhabi Government. Our network of fully integrated businesses operates across the energy value chain, helping us to responsibly meet the demands of an ever-changing energy market.
- Already in the top tier of the lowest carbon intensity oil and gas producers in the world, we are taking significant steps to make today’s energy cleaner while investing in the clean energies of tomorrow, strengthening our position as a reliable and responsible global energy provider.
- We are allocating an initial $23 billion to advance and accelerate lower-carbon solutions, investing in new energies and decarbonization technologies to enable our net zero by 2045 ambition and our commitment to zero methane emissions by 2030.
Job Specific Accountabilities (Part 1)
- 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.
Job Specific Accountabilities (Part 2)
Job Specific Accountabilities (Part 3)
Generic Accountabilities
Supervision
- Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
- Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.
Budgets
- Provide input for preparation of the Section / Department budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.
- Investigate and highlight any significant variances to support effective performance and cost control
Policies, Systems, Processes & Procedures
- Implement approved Section / Department policies, processes, systems, standards and procedures in order to support execution of the Section’s / Department work programs in line with Company and International standards.
Performance Management
- Contribute to the achievement of the approved Performance Objectives for the Section / Department in line with the Company Performance framework.
Innovation and Continuous Improvement
- Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
- Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.
Health, Safety, Environment (HSE) and Sustainability
- Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.
Reports
- Provide inputs to prepare Section MIS and progress reports for Company Management.
Generic Accountabilities (continue)
Internal Communications & Working Relationships
Contact with line Manager/ peers and other employees within the company/Group as required
External Communications & Working Relationships
Contact with external parties including consultants, third party service providers, and government agencies as required
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
Professional Certifications
As applicable
Work Condition, Physical effort & Work Environment
Physical Effort
Minimal
Work Environment
A/C environment, could be exposed to the prevailing weather conditions like heat, humidity & dust during occasional site visits
Additional Details
Job Family / Sub Family: Finance / Financial Accounts
25402
