Senior Financial Accountant

Status message

This job has expired. Search for other opportunities.
Salary : AED35000 - AED40000
Location : Abu Dhabi
Post Date :

Description :

The Company

Our client is a large Oil & Gas company based in Abu Dhabi, and they are looking for a qualified Senior Financial Accountant with O&G and Joint Venture experience to join their team.

Basic purpose of the role

Financial Accounting in accordance with the multiple accounting standards in which the asset adheres to, including: IFRS, Dutch GAAP, Iraq UAS, PSC / JOA reporting.

Key Responsibilities

  • Treasury interface and management
  • Joint Venture (JV) accounting
  • Financial accounting
  • Month end close management
  • Financial reconciliations
  • Monthly, quarterly, yearly financial reporting
  • Financial Statement preparation
  • Audit interface and management
  • Ad hoc Production Sharing Contract (PSC) and Joint Operating Agreement (JOA) reporting

Job Dimensions

  • Interface with Treasury to manage JV funding / asset cash management / foreign currency transfers
  • Complete JV cash calls and record JV partner cash receipts
  • Manage production cash flow for disbursement to the parties in conjunction with the Fiscal Model
  • Interface with HR to record payroll costs for all Iraq employees (Abu Dhabi, Iraq, Secondees)
  • Manage payroll liability costing and associated reconciliations
  • Calculate monthly JV personnel related accruals in accordance with JV Accounting requirements
  • Record transaction costs for all JV bank accounts (AED, USD, EUR, GBP)
  • Manage all associated bank reconciliations
  • Interface with AP to review and approve all vendor payments
  • Interface with Production Accountant for volume related information related to financial entries
  • Calculate and enter all financial entries associated with Revenue, DD&A, ARO and other liabilities
  • Interface with JV Accounting Supervisor for JV month end closing
  • Complete JV monthly and quarterly reporting requirements associated with the Production Sharing Contract (PSC) and Joint Operating Agreement (JOA)
  • Corporate month end closing - manage the Trial Balance for submission to HQ
  • Manage JV audits, external audits, internal audits
  • Provide accounting classification guidance to Operations
  • Mentoring of national Kurdish staff within the department
  • Development of policies and procedures
  • Ad hoc PSC / JOA reporting requirements
  • Other duties as required

Qualifications/Training Required


  • Bachelor's degree in Business
  • counting designation (CPA, ACCA) Preferred
  • Production Sharing Contract training/certification

Experience/Knowledge Required


  • Minimum 8 years of Financial Accounting experience
  • Minimum 6 years of Oil & Gas Accounting experience
  • In depth knowledge of integrated ERP's Preferred
  • Experience working within a PSC / JOA environment
  • Experience working with Oracle ERP
  • Experience working with Hyperion / FDM
  • Setup / configuration experience within the modules of an ERP (AP, GL, Procurement, JV Accounting)

Additional Skills/Requirements

  • Proficient in Microsoft Office (Word, Excel, PowerPoint)
  • In depth knowledge of IFRS
  • Strong communication and interpersonal skills
  • Able to effectively communicate and interact with senior management
  • Able to assess financial results and make recommendations, conclusions, and summarize implications on findings
  • Able to travel to Erbil, Iraq on a quarterly basis to interface with Production Accountant, other Finance staff and Operations


  • 35-40k (basic, transportation and accommodation) depending on experience plus family medical, tickets and school allowance
By applying to this job you are agreeing to our Terms of Use


Dubai International Financial Centre (DIFC)
Gate Village 1, Level 1
Phone : +971 (0) 4 382 6700

Similar Jobs