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We are the largest oil producer within the ADNOC Group, accounting for over half of ADNOCu2019s total oil production. As the countryu2019s oldest oil production company, our operations date back to 1939, when a 75-year concession was signed to explore for oil and gas in Abu Dhabi.u00A0As a global industry leader in environmental sustainability, we are the first in the world to capture carbon from the iron and steel industry.u00A0 Our Carbon Capture, Utilization, and Storage (CCUS) facility at Al Reyadah has the capacity to capture 800,000 tonnes of carbon dioxide (CO2) from Emirates Steel Industries (ESI) each year, for use in the Bab and Rumaitha oil fields to support Enhanced Oil Recovery (EOR). Al Reyadah is, therefore, a critical enabler of ADNOCu2019s 2030 sustainability goals.u00A0u00A0
Perform accounting duties and supervisory functions related to verification, processing and control of accounting records including general ledger, payables, receivables and financial payments, records and documents.
. Coordinate activities of the assigned staff performing supervisory responsibilities and ensuring compliance of the team with the set financial standards.
. Supervise preparation of accurate and timely month / year end closing reports ensuring that all accruals are correctly booked.
. 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.
. Scrutinize cost reports and ensure that costs are correctly allocated, variances are investigated and discrepancies are corrected.
. Implement effective budgetary control at pre-expenditure stage and monitor expenditure reports to ensure expenditures are within budget and any over-expenditure are authorized.
. Verify and endorse invoices for suppliers in order to ensure that invoices are settled in compliance with contracting terms.
. 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.
. Operate the company's bank accounts ensuring effective cash management and compliance with the company's regulations governing credit limits and risks. Reconcile the company's records with bank statements.
Bachelor Degree in Accounting / Finance
8 years of experience, including at least
Revenues/ Budget: As per approved financial budget
Direct Reports: As per organization chart
Indirect Reports: As per organization chart
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.
Job ID: 139490701
