Accountant

The Accountant for Subsidiaries is responsible for coordinating the financial operations of subsidiary companies. This role involves ensuring accurate financial reporting and maintaining compliance with accounting standards.
Ensure integrity of Financial Statements of respective business units and ADNOC L&S.

• KEY ACCOUNTABILITIES:
  

Job Specific Accountabilities
Financial Reporting

• Oversee the trial balance and general ledger for subsidiaries, ensuring all entries are accurate and up to date.
• Collect data for preparation of financial statements for submission to the controller for review.
• Prepare and issue periodic detailed financial reports, such as analysis of various accounts to the Financial Reporting Department.
• Review the general ledger for subsidiaries, ensuring all entries are accurate and up to date.
• Analyze financial data to identify trends, variances, and opportunities for improvement.
• Ensure all financial activities comply with relevant laws, regulations, and company policies.
• Perform and prepare ad hoc reports for management.
  

Minimum Qualification
Bachelor Degree in Accounting / Finance
Minimum Experience, Knowledge & Skills

• 3-5 years of relevant experience in finance.
• Experience preferably in logistics, marine services, shipping or related industry is preferred.

Key Responsibilities of an Accountant

• Bookkeeping:
  
  • Maintaining accurate records of financial transactions.
• Budgeting and Forecasting:
  
  • Creating budgets and predicting future financial performance.
• Payroll Management:
  
  • Ensuring timely and accurate payroll processing.
• Tax Preparation:
  
  • Filing tax returns and ensuring compliance with tax laws.
• Audit Support:
  
  • Assisting internal and external auditors during financial reviews.
• Emerging Trends in Accounting
• Automation and AI:
  
  • Using AI for data entry, expense tracking, and fraud detection.
• Cloud Accounting:
  
  • Leveraging platforms like QuickBooks Online and Xero for remote financial management.
• Big Data Analytics:
  
  • Applying analytics tools to extract actionable insights from financial data.
• Sustainability Reporting:
  
  • Preparing reports aligned with Environmental, Social, and Governance (ESG) metrics.

Core Knowledge Areas

• Accounting Principles:
  
  • Mastery of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
• Financial Reporting:
  
  • Preparing financial statements such as balance sheets, income statements, and cash flow statements.
• Taxation:
  
  • Understanding tax laws and regulations to prepare returns and advise on tax planning.
• Cost Accounting:
  
  • Analyzing costs to improve budgeting and operational efficiency.
• Auditing:
  
  • Evaluating financial records to ensure accuracy and compliance.
• Managerial Accounting:
  
  • Supporting decision-making through budgeting, forecasting, and performance analysis.

Key Skills

1. Technical Proficiency

• Accounting Software:
  
  • Tools like QuickBooks, Xero, NetSuite, or SAP.
• Spreadsheet Expertise:
  
  • Advanced Microsoft Excel skills (pivot tables, VLOOKUP, macros).
• Enterprise Resource Planning (ERP) Systems:
  
  • Familiarity with Oracle, SAP, or Microsoft Dynamics.

2. Analytical Skills

• Interpreting financial data to identify trends and insights.
• Conducting variance analysis to explain differences between budgets and actuals.

3. Regulatory Knowledge

• Understanding local and international compliance standards:
  
  • GAAP, IFRS, and Sarbanes-Oxley Act (SOX) requirements.

4. Attention to Detail

• Identifying discrepancies in financial records and resolving errors.

5. Communication and Collaboration

• Explaining financial information to non-accountants.
• Collaborating with teams for budgeting and financial planning.