Financial Controller – ADNOC Schools Careers

Position Summary:

Key Responsibilities:

• 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.
• Review and analyse financial statements and group performance.
• Propose improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the Section.
• 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.
• Develop the knowledge, competencies and innovative spirit in the Section and support the establishment of Personal Development
• Plans (PDP’s), Succession Planning and Talent pipeline within the Section in coordination with the Human Capability Group to continuously develop employees with emphasis on UAE Nationals to meet Emiratization targets.
• Provide advisory services to Group companies and BLDs on various matters, such as financial reporting & analysis, IFRS, contractual arrangements and financial compliance.
• 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 .
• Support the administration of audit reports from both Government and External auditors, and ensure a timely and efficient follow-up on audit findings.
• 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.
• 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.
• Lead the financial governance framework and ensure the timely and efficient closure of the accounts on a monthly basis.
• Encourage innovation, enhance employee motivation and support initiatives for implementation of Change Management to continuously improve operations and services.
• 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.
• Provide analytical explanations on consolidated accounts.
• Manage the process of preparing the consolidated and interim financial statements (and notes to the consolidated financial statements), including monthly reporting.
• 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.
• 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.

Required Education & Experience:

• Bachelor’s Degree in accounting or Finance.
• 12 years of professional experience in Accounting or Finance
• Professional Accounting qualification.