ADNOC
Job description
Job Description:
AIQ embodies an innovative and entrepreneurial spirit that embraces challenges to push boundaries and seeks to welcome professionals to its team that share the desire to make meaningful and impactful contributions to its mission. Always on the cutting edge of technology, AIQ provides its talent all the opportunities to thrive and excel. Working at AIQ includes dealing with massive data sets, an AI infrastructure that is powered by the latest NVIDIA GPU cloud computing platform and access to limitless computing, storage and network resources.
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Job Responsibilities:
• Finalise the required assessment of the impact of new International Financial Reporting Standards on ADNOC Consolidated financial statements, and prepare related memos and impact analyses.
• Initiate analyses leading to the identification of financial risks, and assess the potential risk and vulnerability it creates for the business and the Group in relation to operational factors of cost and quality, classification of capital or revenue expense and significance as to frequency of occurrences.
• Contribute to the development and oversee the implementation of standardised Group-wide guidelines, procedures and frameworks (for HQ and Group Companies) that drive uniform consolidated reporting across the organisation.
• Manage the relationship between ADNOC and ADAA, in cooperation with Internal Controls, for all matters related to Audit issues , findings, comments, information request and compliance, and financial statements.
• Meet with the CFOs of Group Subsidiaries to address any significant audit issues and to keep them informed of emerging trends and successful practices in the audit compliance.
• Contribute to continuous improvement and alignment of policies, procedures and systems related to (consolidated) reporting (e.g. One ERP), liaising with other departments as necessary, in order to contribute to the accuracy, timeliness and usefulness of financial reporting activities.
• Discuss replies to audit observations and recommendations to auditors with the Internal Control Department, and contribute in the timely and appropriate response to Auditors on their audit findings and recommendations.
Review and analyse financial statements and group performance.
• Ensure that all Directorates and Group Companies follow and comply with the established financial reporting guidelines, procedures and frameworks, in line with internal and external audit requirements.
• Lead the financial governance framework and ensure the timely and efficient closure of the accounts on a monthly basis.
• Provide analytical explanations on consolidated accounts.
• Review and approve consolidation entries – a key aspect in the preparation of the consolidated financial statements – and assist ADNOC entities in the finalisation of the related balance reconciliations.
• Direct the collection of financial documents and information from various ADNOC entities (such as Budgets, Performance Measures, Financial policies, Fixed Assets valuation), and ensure a proper follow-up is performed whenever required.
• Provide advisory services to Group companies and BLDs on various matters, such as financial reporting & analysis, IFRS, contractual arrangements and financial compliance.
• Support the administration of audit reports from both Government and External auditors, and ensure a timely and efficient follow-up on audit findings.
• Manage the process of preparing the consolidated and interim financial statements (and notes to the consolidated financial statements), including monthly reporting.
• Ensure the participation of the Group Finan cia l Planning Budgeting and Reporting Unit in the Audit Committees of various Group Companies and Subs idiaries, in order to enable an efficient communication flow between the General Ledger function, Audit function, the Internal Control Department and the lnternal Auditor of the relevant Group Companies .
• Oversee the coordination with various Business Line/Corporate Directorates and the Finance function across the ADNOC Group (HQ and Group Companies), in order to ensure they are provided with the required financial services and support that allow for
• a prompt resolution of accounting issues and an efficient communication flow between the various Directorates, ADNOC Subsidiaries and the Financial Control Unit.
• Participate in selecting the Group Companies’ external auditors.
Qualification & Experience:
• 12 years of professional experience in Accounting or Finance
• Bachelor’s Degree in accounting or Finance.
• Professional Accounting qualification.
Job Details:
Company: ADNOC
Vacancy Type: Full Time
Job Location: Abu Dhabi, UAE
Application Deadline: N/A
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