Oil & Gas jobs

Middle East

Africa

Asia

USA / Canada

Europe

Renewable Energy

Russia / FSU

Australasia

South America

Iraq Jobs

Other jobs of interest

Home » HR, Finance, Sales, Legal, Marketing, Accounts » Senior Accountant

Senior Accountant

Company	State Owned Oil and Gas Company	Experience	6-10 years
Date	2009-11-17	Salary	Competitive
Category	Finance & Legal	Start date	Asap
Region	Middle East	Duration	Long Term Renewable
Location	Abu Dhabi	Country	United Arab Emirates
Description of Senior Accountant	Background: The Senior Accountant (Site) reports to the Budget and Cost Control Controller. The Finance Division plays an integral role in the overall management of the Company’s financial transactions, safeguarding of the Company’s Assets and reporting of the Company’s performance. In addition to implementing Departmental strategy and ensuring that there are effective financial control mechanisms, the role of the Senior Accountant is to ensure that all activities have been performed in-line with International Accounting Standards, Company policy and procedure and various other terms and conditions, before they are passed to management for final approval. As all financial transactions must travel through various steps before they can be finalized. Site Accountant is to ensure that control measures including proper supporting documentation, proper authorities and accurate reporting exist prior to processing documents as this forms the basis of an accurate financial report. Main accountabilities: • To participate in the coordination and consolidation of the concerned site annual Operating, Capital, Extraordinary Maintenance, Major Maintenance and Manpower budgets, ensuring that budget preparation is within time forecast. Participate in the coordination and consolidation of the 5-year business plan, including updating the graph reflecting the trend analysis and closing of the Capital Projects. • To assist in the preparation of budget estimation forms for site operations prepared by concerned site teams and check appropriateness of estimation basis, method, classification of expenditure and extend assistance to site staff on budget preparation. • To participate in the meetings with the Site Managers, and Department Heads held for discussing their budget proposals, with emphasis on the soundness of the assumptions, accuracy of the calculations, the logic of the justifications and proper segregation of Operating / Extraordinary Maintenance / Major Maintenance / Capital. • To review budget vs. actual performance and discusses problem areas with Site Managers in order to improve the current year budget preparation and assist the site in observing budget guidelines. • To monitor and analyze the actual performance against budgets for all Departments of the site and assist the departments in determining and evaluating trends and variances. • To monitor the operations of all budgets, prepares periodic analysis of budgets and variances, and obtains from Division / Department Managers justification for variances for presentation to Management. • To participate in the issuance of the monthly cost reports together with trends and forecasts to enable proactive financial control by the site. • To review / correct the monthly cost report. Assists all cost report users in identifying overspending / under spending problem areas. • To review and ensure that all commitments are within the approved Capital, EOM & MM budgets and exercise financial control over commitments and expenditures. Participate and regulate the finalization of completed and work-in-progress projects. • To ensure that all records related to operating expenditures are accurately maintained and verified, including all supporting documents. • To ensure that all contractors / supplier’s invoices against contracts/agreements, service work orders and purchase orders for the site are properly and accurately allocated to relevant accounts codes. Ensure that the invoices are in line with Accounts Payable Procedures and terms and conditions of the Contract/Purchase Order/Service Work Order and Accounting Guidelines. • To ensure the accuracy of all AFE’s and AFOUs issued by the site before dispatching to FMB for further approval. • To ensure that commitments/accruals of capital/operating expenditure are in accordance with financial authorities. • To maintain assets follow up register for the site. • Prepare statistical and financial status reports as and when required by the site manager and FMB. • To review newly prepared functional financial procedures and delegation of authorities in order to ensure their applicability in the light of the plant requirements. • To participate in the monthly and year-end accruals and pre-payments for the site and reconcile the same with the General Ledger. • To liaise with external and internal auditors during audit of the site. • To ensure that all transactions related to issues/returns from the main stores are properly and accurately booked. • To coordinate with the site concerned parties and FMB staff the allocation of common costs between JV and ASR. • To train and familiarize plant concerned personnel with the financial system (SmartStream) as well as with the approved financial practices and procedures. • To coordinate with Payroll Department the payment of plant employees’ wages and salaries and clarify the staff queries and discrepancies related to their dues. • To perform duties in a safe, professional and efficient manner, complying with the set HSE requirements. • To familiarize, maintain proper and continuous knowledge of the Company’s HSE procedures, rules, regulations and abide by them at all times. • To initiate procedures, system and methods for proper control over major projects of the site, monitor the compliance of monthly requirements of accrual provision, reconciliation and advise on corrective action for any variances. • To provide professional advice to the site Senior Accountant on day-to-day accounting issues and monitor compliance with the financial accounting policies and procedures.
Skills required for Senior Accountant
Remarks
Reference Nr	www-101366
This job is archived. Please use our search to find all our current jobs.

Back to Results

This job is archived. Please use our search to find all our current jobs.

Add a keyword to your search: