Accountant

Job description / Role

About the Company

ADNOC Distribution is on a journey to change the retail landscape, delivering tangible actions to facilitate progress in providing sustainable mobility solutions for our customers. We are taking bold and transformative steps to grow our domestic and international footprint for our customers. We are customer-centric, offering digitally enabled journeys and providing innovative products and services to drive accelerated and sustainable development for the future of mobility.. ADNOC Distribution markets, sells, and distributes transportation fuel to both retail and commercial customers. We also run non-fuel services at our service stations.

About the Job
- To prepare and analyse various financial reports, such as Profit & Loss, Balance Sheets and Cash Flow Statements, in order to identify any variance justification to Management.
- To extract and analyse information from the Oracle system, to ensure that the Company's financial standing is monitored, accounts are regularly reconciled. Analyse and provide financial data; conduct the account processing and closing activities in accordance with legal accounting standards and policies.
- Prepares the monthly financial reports, such as Profit & Loss, Balance Sheets and Cash Flow Statements showing the Company's income and expenditure, by obtaining information from Oracle and analysing, to look for variances such as increased profitability or losses and report numbers to Company.
- Investigates the reasons for the variances by scrutinising and comparing the figures, and provides justification to Management.
- Prepares the quarterly Balance Sheet, Profit & Loss Accounts and Cash Flow Statements for all Company accounts, and compares the figures with the previous year's corresponding quarter, to highlight any variances and to provide justification to Management.
- Prepares the year-end Balance Sheet, Profit & Loss Account and Cash Flow Statements. Analyses any variances in detail by comparison with the previous years' figures, and submits information for inclusion in the Annual Management Report.
- Co-ordinates and assists both internal and external auditors in the checking and finalisation of the accounts, prior to submission, to ensure that all figures submitted are correct.
- Prepares and analyses the monthly Cash Flow Statement for submission to Management, using information extracted from the system, showing sources of income and expenditure, broken down into specific areas such as interest paid, payments etc.
- Prepares and analyses the annual projected cash flow forecast, using figures from the annual budget.

Requirements

Minimum Requirements
- Bachelor Degree in Accounting
- Proficiency in Oracle and/or SAP ERP Systems
- Proficiency in MS Office
- At least 6 years of experience in Accounting in a similar environment.
- Able to participate in the development and communication of periodic closing calendar
- Knowledge and experience about COA Coding, ERo/EPM.
- Detailed understanding of Accounting Guide and able to find the relevant items when required.
- Detailed understanding of year ending closing and opening of books of accounts and presentation of Financial Statements.

About the Company

We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.

We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.

Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.

Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.