Role Purpose:

To prepare financial reports, statements, forecasts and control of budget and asset information in line with EMARAT policies and procedures, International Accounting Standards and industry best practice.

Key Accountabilities:

1. Planning and Implementation

Ensures business processes and work activities, relevant to position, are planned and executed in compliance with EMARAT policy, procedures and best practice to achieve business objectives in a safe, efficient and cost-effective manner
Conducts periodic review of policy, procedures and practices, relevant to position, to identify opportunities for improvement and engagement in best practice
Liaises with Direct Manager to clarify, justify and provide updates on all significant developments undertaken by the Section
Generates reports as per management request, timely and accurately to meet company and department requirements, policies and standards

2. Budgeting

Analyses cash flow, cost controls and expenses within own Section towards optimum utilization of company’s resources
Reviews and responds to queries related to expenditure reports and provides justification for any budget overspend controls and expenses in coordination with Department Managers and JV partners towards optimum utilization of company’s resources

3. Management Accounting

Controls the preparation of the monthly profitability reports for EMARAT’s corporate and filling stations by obtaining information from Business Intelligence and Oracle GL systems
Prepares corporate plan volume, revenue, cost of the sale and operating cost budget by coordinating with all Departments to obtain information and other data that offer further revenue and operating cost for EMARAT
Coordinates Controller meetings with all Department Managers to review and discuss the plan estimate purposes in line with Departmental Manager’s objectives
Prepares P&L, cash flow and balance sheet –forecasts for the corporate plan
Supervises the preparation of capital budget and capital sanction and expenditure summaries for the corporate plan
Approves and applies budget transfers in Oracle based on Department manager / Finance Manager approver
Supervises the maintenance and updating of the Assets Register; ensures that information concerning age of assets, commissioning date, depreciation schedule, write offs, and other required details are properly maintained and updated
Supervises management accounts month end and controls the closing checklist ensuring all sections complete the processes according to the timetable

4. Management Information Systems (MIS)

Participates in improvements of computer applications for enhancing output data requirements of departments; coordinates closely with the IT Department, ensuring appropriate procedures are being applied, and testing systems for effectiveness
Coordinates with IT to utilize all the functions available in Asset and Project Oracle applications and customizes existing Oracle reports according to EMARAT’s requirements
Coordinates with the IT support team to resolves application problems related to BI, Navision and Oracle Project and Asset applications
Supervises the preparation of invoices, credit and debit notes for JV’s and profitability statements for EMARAT’s operated stations and the reconciliation of dealer payments with General Ledger

5. People Management

Motivates staff and empowers direct reports by providing the necessary tools and support required to support Section goals and objectives
Establishes clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of the Section
Builds opportunities for staff to suggest, participate in and contribute to improvement, innovation and knowledge sharing initiatives
Provides guidance and ensures that the Unit members comply with EMARAT’s policies, processes, practices and systems
Ensures proper target setting and staff performance management in line with EMARAT performance management guidelines
Drives Emiratization programs to enable EMARAT to attract and develop local talent over time to take on meaningful roles within the organization

Qualifications and Requirements:

Experience:

A minimum of 6 years’ experience within Finance with at least 2 years in a supervisory role
Experience in the Oil & Gas Industry preferred

Education:

Bachelor’s degree in accounting or finance

Emarat - Emirates General Petroleum Corporation jobs

Controller - Financial Planning & Controls