Controller, Finance (JVs)

Role Overview

Controller, Finance (JVs) at ADNOC. This role is based in the Finance & Control Division and involves supervising and controlling assigned accounting activities.

Role Purpose

Supervise and control the assigned area of the Finance & Control Division by monitoring and directing all accounting activities in line with Company Financial Policies and Procedures. Provide reports to enable informed decision-making. Control financing and accounting activities including budget summarization, investment management, financial accounting, receivable and payable accounting, client and third party billing, payroll, cash management, account reconciliation, and financial systems administration. Enable the Finance & Control Division to achieve its objectives and contribute to ADNOC Drilling's KPIs.

Key Responsibilities

Audit & Compliance

• Liaise with Government and external auditors in examination of Company's books and records.
• Review audit results and recommendations and ensure their proper implementation and follow-up.
• Ensure providing required financial information to Internal & External auditors and develop action plans to address recommendations.
• Supervise the execution of compliance reviews to assess the level of compliance, identify gaps, and take corrective measures.
• Provide recommendations to Management on control and compliance matters.
• Comply with all UAE, ADNOC, ADNOC Drilling and client Asset Integrity Management codes of practice.

Cash & Payment Management

• Monitor the preparation of cash flow forecasts for Management review.
• Authorize the bank releasement letter.
• Approve to generate single payments as per management advice.
• Monitor the process of payments generation ensuring cash availability in consultation with Cash Management Team.
• Review all bank accounts on a daily basis.
• Void returned payment after cash management team confirmation.

Financial Accounting & Reconciliation

• Supervise and approve the preparation of monthly reconciliation.
• Authorize debit notes issued ensuring completeness of supporting documents.
• Prepare contingent liability for the financial statement.
• Monitor recovery including analyses required for Management and control purposes.

Funds & Budget Control

• Control funds reallocation after obtaining the appropriate approvals.
• Supervise Finance-related initiatives and ensure strict adherence to timelines as per the approved project plans.

Operations & Documentation

• Ensure safe keeping of original documents.
• Supervise the proper and timely filing and archiving of various accounts payable documents and related records.
• Monitor a tracking system for functional review within Finance Division.
• Ensure concerned Administrators are updated in line with the approvals.

Stakeholder Management

• Liaise regularly along with concerned Assets/Functions to resolve day-to-day issues on financial aspects with external parties.
• Follow up with Legal on claims and court related issues.

Systems & Process Improvement

• Participate in reviewing Financial System, Processes and Procedures to identify required control, and recommend enhancement.
• Endorse user acceptance test for system enhancements.
• Provide financial awareness sessions on accounting activities as and when requested.

Qualifications & Experience

• Bachelor Degree in Accounting or equivalent.
• Minimum 8 years of progressive experience in a major industrial organization.
• Minimum 3 years of experience at senior accountant or financial controller level.
• Membership of Certified Professional Body is an advantage (ACCA, CPA, ACA, CFA or equivalent).