Senior Financial Accountant

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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

Essential

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

Experience/Knowledge Required

Essential

  • 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

Remuneration

  • 35-40k (basic, transportation and accommodation) depending on experience plus family medical, tickets and school allowance
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Dubai

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

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