Financial Accountant / UAE

Financial Accountant

Job Description:

• Supervise the activities and work performed by Accounts Payable to ensure that it is carried out in an efficient and effective manner, with due internal control and policy and procedure compliance. To recommend improvements in related policy, process and procedure and reporting.
• To develop and train staff and recommend suitable training and development interventions for team members to build their skills, knowledge and capabilities.
• Supervise accounting for the assigned asset, for all matters related to invoicing of vendors, to ensure accounts are cleared as per time and schedule and valid invoices processed for payment on a timely basis according to agreed payment terms.
• Ensure all invoices are reviewed and are accompanied with respective supporting documents to ensure validity of the invoices.
• Prepare ad hoc accounts payable reports and data for Management as requested
• Oversee follow up with defaulting vendors and clear payments, to ensure that the operations are not impacted.
• Ensure that cost allocation is carried out as per the established policies and cost allocation methodology to ensure expenses are allocated to the respective cost centers.
• Compare actual cost with cost recorded in the accounting system and also with the asset budget, monitor and analyze the comparison result to enable cost control and monitoring.
• Prepare monthly working capital balance sheet reconciliations with appropriate supporting documents
• Ensure collection of Accounts Payable (employees and vendors) data and timely input it into the financial system in order to produce the financial statements such as Expenditures, Balance Sheet and Allocation of costs timely and accurately. Monthly accrued costs and VOWD analysis.
• Ensure the recovery of company's investment is in accordance with established cost recovery principles for upstream activities and established tariff principles for downstream activities.
• Assist in the timely preparation per approved timetable, of monthly, quarterly and annual financial statements e.g. Expenditures, Balance Sheet for the assigned assets to ensure that accurate information is provided to management for decision-making in line with E&P acctg and IFRS reporting standards.

Skills/Qualifications:

• A degree in Accounting/Finance/Management or ACCA/CIMA or CA/CPA qualification or equivalent.
• 8-10 years of accounting experience within the Oil and Gas industry
• Advanced excel financial analysis skills, attention to detail
• Knowledge and understanding of KE's financial policies and regulations
• Good working knowledge of E&P accounting, IFRS, external statutory audit, JV partner audits
• Good working knowledge of indirect taxes incl withholding taxes
• Working knowledge of ERP systems incl IDEAS, Oracle & SAP preferred
• Effective interpersonal, verbal and written communication skills
• Good analytical capabilities and problem solving skills
• Knowledge and understanding of local regulatory policies
• Coaching and development skills