Manager, Accounts, KRI Operations

Crescent Petroleum

  • Sharjah
  • Permanent
  • Full-time
  • 1 month ago
MAJOR FUNCTIONSManaging the development and implementation of accounting policies, systems and procedures for KRI and affiliated companies. Reconciles accounts and prepares Accounting/Financial reports while ensuring adherence to all relevant internal and statutory controls. Carries out financial Auditing procedures when required.ESSENTIAL FUNCTIONSFinancial Control:
  • Oversee and manage the financial control processes to ensure accuracy, completeness, and timeliness of financial data (Budget Vs Actuals, review of AFEs etc.)
  • Develop and enforce internal controls and accounting policies to safeguard company assets and ensure compliance with relevant regulations.
  • Participate in the development and monitoring of work program and budgets for Operations/Project Development Activities
Book Closing:
  • Perform regular reviews of financial transactions and reconciliations to identify and address discrepancies or issues.
  • Coordinate with various departments to gather necessary information and documentation for book closing activities.
  • Lead the month-end, quarter-end, and year-end closing processes, ensuring all financial transactions are recorded accurately and in accordance with accounting standards.
Treasury Management:
  • KRI based cash Flow Management: Monitor and manage daily cash flows in KRI to ensure sufficient liquidity for operational needs and investments.
  • Compliance and Controls: Ensure compliance with internal policies and regulatory requirements related to treasury activities and financial transactions.
Payroll Management:
  • Manage and lead the payroll processing for Credan to ensure that all payroll transactions and reports are processed and completed according to generally accepted accounting principles.
  • Ensure monthly payroll reporting to Head Office
  • Ensure local governmental compliance on payroll matters (submission of quarterly PIT/other returns etc.)
  • Work with HR and payroll teams in KRI and HO on all payroll matters to bring in additional efficiencies in reporting
Financial Reporting (Management Reporting and Financial Statements):
  • Analyze financial data and trends to provide insights and recommendations for financial performance improvement.
  • Ensure that financial reports comply with regulatory requirements, industry standards, and company policies.
  • Prepare and finalize financial statements of local entities in accordance with local laws and accounting standards (including handling the audit of the financial statements)
Audits (Statutory/Government/Partner): Lead and manage the audit process:
  • Ensure timely completion of audits of financial statement of local books and compliance on financial matters in line with local requirements.
  • Government and Partner audits: Compilation of all audit requests, coordinating with various internal stakeholders, closing out queries with auditors, review and finalization of responses and submissions to auditors on Info Requests/Reports etc.
Digital initiatives and General Support:
  • Driving the automation in various routine and adhoc reporting (using latest technology)
  • Provide support to the Head Office team in ad-hoc financial analysis, reporting, and project-based tasks.
  • Collaborate with other departments to facilitate accurate financial reporting and analysis.
  • Stay current with industry trends and changes in accounting standards that may impact the company's financial reporting
Reporting and Communication
  • Reports to the Director, Accounting & Reporting on all Accounting/Financial reporting and analysis issues.
  • Liaises with relevant departments such as Supply Chain, Projects & Drilling (on budgets, contracts, other matters)
  • Liaises with external bodies and representatives (e.g. Kurdish regulatory authorities & external auditors) to ensure ease and compliance on all accounting/financial matters.
Continuous Improvement of PositionConducts regular research on Accounting/Financial best practices and recommends subsequent strategies and plans to improve accounting operating functions.Minimum Professional Experience Required
  • 8 to 10 years of relevant accounting experience, preferably within a multinational firm
  • Experience in a similar industry or field is a plus
  • Bachelor's degree in accounting and or/Finance
  • Professional certification CA OR ACCA
  • S4/Hana (Preferable)
  • PowerBI (will be a plus)

Crescent Petroleum

Similar Jobs

  • Accounts Manager - Commercial

    ENOC

    • Dubai
    Job Title Accounts Manager - Commercial Business Job Purpose To conceptualise, frame and implement marketing plans to achieve growth in the Bulk LP Gas Market share and pro…
    • Just now
  • Key Account Manager

    Apparel Group

    • Dubai
    Job Category: Brand Management Degree Level: Bachelor's Degree Job Description: Job Description Client Relationship Management: Build and nurture strong relationships with …
    • 2 days ago