Sr. Accountant Capex

Role Overview

Senior Accountant Capex at Emarat (Emirates General Petroleum).

Role Purpose

Manage and oversee capital expenditure accounting processes, ensuring accurate financial reporting and compliance with company policies and regulations.

Key Responsibilities

Capital Expenditure Accounting

• Oversee the capital expenditure accounting process, ensuring all transactions are accurately recorded and compliant with company policies and accounting standards.
• Assist in the preparation of financial statements by providing accurate capital expenditure data and analysis.
• Validate the capital investment within the feasibility analysis study.

Budget & Cost Management

• Prepare and maintain detailed capital expenditure budgets, tracking project costs and ensuring alignment with financial forecasts.
• Conduct regular reviews of capital projects to ensure expenditures are within budget and provide variance analysis to management.

Reporting & Analysis

• Prepare monthly, quarterly, and annual financial reports related to capital expenditures, providing insights and recommendations to senior management.
• Collaborate with project managers to gather necessary financial data and provide insights on capital project performance and financial implications.

Audit & Compliance

• Coordinate with external auditors during the annual audit process, providing necessary documentation and explanations related to capital expenditures.
• Liaise with internal stakeholders to ensure proper documentation and approvals are obtained for capital expenditure requests.

Process Improvement & Systems

• Develop and implement processes to improve the efficiency and accuracy of capital expenditure accounting and reporting.
• Review and improve financial processes by identifying inefficiencies and proposing automation or optimization solutions to enhance accuracy and speed.
• Utilize financial tools and systems including Excel, Power BI, EPM, and ERP to analyze capital project data, prepare reports, and automate processes.

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or a related field
• Minimum of 3–5 years of experience
• Relevant certifications such as CPA or CFA (preferred)