Fixed Asset Accountant

ENEC Operations

UAE

Posted
Ref: PP000-24128

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Job description / Role

Job Type
Full Time

Job Location
UAE

Nationality
Any Nationality

Salary
Not Specified

Gender
Not Specified

Arabic Fluency
Not Specified

Job Function
Accounting & Audit

Company Industry
Audit & Accountancy

Job purpose

To record inventory / fixed asset capitalization, depreciation, write off and maintenance of sub-ledger reconciled accounting records in order to administer inventory / fixed asset in compliance with the UAE statutory requirements, IFRS, management requirements and with appropriate internal controls.

Key activities, responsibility & accountability

Follow all relevant security policies, processes, procedures, and instructions to ensure security compliance in all aspects of work, by applying them on self, others, and corporate assets.

Follow all relevant business continuity and resilience requirements for compliance with, and adherence to, policies, procedures and instructions related to the effective planning for, and response to, incidents and/or business disruptions in order to continue critical business processes and activities with minimal adverse impact.

Activity: People management

Responsibilities and accountabilities

Contribute to the development of UAE employees in a manner which supports the objectives of the corporation and its Emiratization strategy.

Contribute to knowledge dissemination/sharing in a way that assists with building internal capabilities of UAE where applicable and maximize their effective performance.

Activity: Excellence and quality management

Responsibilities and accountabilities

Ensure commitment to a culture of continuous improvement by eliminating waste, following operations procedures, practicing innovation, problem solving, and teamwork; complying with quality management system policies and procedures; providing and receiving constructive feedback, and striving to meet quality standards and stakeholder expectations.

Ensure commitment to the Nawah Fundamentals.

Responsibilities & accountabilities (contd.)

Activity: Fixed asset management

Responsibilities and accountabilities

Utilize Oracle ERP and other business systems to administer timely and accurate fixed assets (FA) transactions in compliance with ENEC capitalization manual in order to reconcile all fixed asset sub-ledger accounts monthly.

Coordinate with Senior General Ledger (GL) Accountant and Projects Accountant, as necessary, to set-up consistent asset location code, major/minor category codes and default useful life, mapping the categories to default GL accounts.

Reconcile general and administrative fixed asset and inventory, including: reconciling fixed asset/inventory sub-ledger, and reviewing fixed asset register with business function owner to ensure accurate updates to any changes in asset status.

Maintain and reconcile fixed asset register for external audit requirements, including: disclosures and annual additions/deletions records.

Review and analyze the fixed asset physical inventory count (or stock take) in accordance with finance and accounting guidelines.

Activity: Inventory management

Responsibilities and accountabilities

Maintain and update ENEC inventory booking, goods receipt note, goods delivery note, inventory issuing, spoilage and safe keeping records in coordination with warehouse staff so that all documentation is up to date.

Work closely with warehouse staff to fully assimilate all ENEC requirements for smooth business operations and update the inventory module on a regular basis.

Reconcile ERP inventory sub-module and other warehouse systems on a regular basis, and prepare monthly, quarterly and annual disclosure information for management and financial reporting.

Review the inventory transactions in Oracle in compliance with IFRS and other statutory requirements, including: periodic physical stock take of inventories and supporting auditors.

Support overall development, maintenance and monitoring of ENEC inventory system in order to achieve efficient stock utilization.

Assist in the strategic planning and ensure the quality of all reporting is in conformance with regulations, legislation, policies and procedures.

Process monthly/yearly adjustments.

Activity: Stakeholder engagement

Responsibilities and accountabilities

Facilitate communication both internally and externally in order to build and nurture mutually beneficial working relationships.

Activity: Health, safety and environment, security and business continuity

Responsibilities and accountabilities

All individuals take personal responsibility for safety; follow company HSE policies, procedures and instructions; avoid complacency and continuously challenge existing conditions and activities in order to identify discrepancies that might result in error or inappropriate action; report any situation that could present a hazard; not intentionally or recklessly interfere with or misuse anything provided at the workplace in the interest of health, safety, welfare or protection or management of the environment.

Professional certifications

Minimum: N/A

Maximum: Professional accountant qualification

Qualifications

Minimum:

Bacheloru2019s degree

3 years of relevant experience

Maximum:

Experience in energy or construction projects is highly desirable

Governmental experience

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