Senior Accountant (cost control) P&TC

Job Description

About CompanyWe are one of ADNOCu2019s gas producers, a market leader in sour gas field development, and a major international sulfur producer. We have the capacity to produce over 1 billion cubic feet of sour gas per day.We are a joint venture company between ADNOC, which owns a 60% share, and Occidental Petroleum (OXY), which owns a 40% share. We were established in 2010 to maximize the value of the Shah Gas Field. Since then, we have built a reputation as a reliable supplier of gas and one of the worldu2019s leading sulfur producers.We are helping to deliver ADNOCu2019s strategic imperative to increase the gas supply to the UAE. We aim to meet the growing gas requirements of the nation, and strengthen our position as a major international sulfur producer.About the Roleu2022 Coordinate activities of the assigned staff performing supervisory responsibilities and ensuring compliance of the team with the set financial standards.u2022 Supervise preparation of accurate and timely month / year end closing reports ensuring that all accruals are correctly booked.u2022 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.u2022 Scrutinize cost reports and ensure that costs are correctly allocated, variances are investigated and discrepancies are corrected.u2022 Implement effective budgetary control at pre-expenditure stage and monitor expenditure reports to ensure expenditures are within budget and any over-expenditure are authorized.u2022 Verify and endorse invoices for suppliers in order to ensure that invoices are settled in compliance with contracting terms.u2022 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.u2022 Operate the companys bank accounts ensuring effective cash management and compliance with the companys regulations governing credit limits and risks. Reconcile the companys records with bank statements.Supervisionu2022 Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.u2022 Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.Budgetsu2022 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.u2022 Investigate and highlight any significant variances to support effective performance and cost controlPolicies, Systems, Processes & Proceduresu2022 Implement approved Section / Department policies, processes, systems, standards and procedures in order to support execution of the Sectionu2019s / Department work programs in line with Company and International standards.Performance Managementu2022 Contribute to the achievement of the approved Performance Objectives for the Section / Department in line with the Company Performance framework.Innovation and Continuous Improvementu2022 Design and implement new tools and techniques to improve the quality and efficiency of operational processes.u2022 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 Sustainabilityu2022 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.Reportsu2022 Provide inputs to prepare Section MIS and progress reports for Company Management. Qualification and Experince Bachelor Degree in Accounting / Finance8 years of experience, including at leastMinimum Experience, Knowledge & Skills8 years of experience, including at leastRevenues/ Budget: As per approved financial budgetDirect Reports: As per organization chartIndirect Reports: As per organization chart

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About Company

The Abu Dhabi National Oil Company or ADNOC is the state-owned oil company of the United Arab Emirates. It is the world's 12th largest oil company by production. As of 2021, the company has an oil production capacity exceeding 4 million b/d with plans to increase to 5 million bpd by 2030.