Financial Control and Reporting Specialist

MAJOR FUNCTIONS

We are seeking a detail-oriented and experienced Financial Control and Reporting Specialist to join our accounting and reporting team. This role is crucial for ensuring the integrity of our financial records, overseeing the book-closing process, and delivering accurate and timely financial reports. The ideal candidate will have a strong background in financial control, reporting within the Oil and Gas industry, and a deep understanding of accounting principles and regulatory compliance.

Key Responsibilities:

• Financial Control:
  • Oversee and manage the financial control processes to ensure accuracy, completeness, and timeliness of financial data.
  • Develop and enforce internal controls and accounting policies to safeguard company assets and ensure compliance with relevant regulations.
  • Perform regular reviews of financial transactions and reconciliations to identify and address discrepancies or issues.
• Book Closing:
  • Lead the month-end, quarter-end, and year-end closing processes, ensuring all financial transactions are recorded accurately and in accordance with accounting standards.
  • Coordinate with various departments to gather necessary information and documentation for book closing activities.
  • Prepare and review journal entries, account reconciliations, and financial statements to ensure accuracy and completeness.
• Treasury Management:
  • Cash Flow Management: Monitor and manage daily cash flow to ensure sufficient liquidity for operational needs and investments.
  • Treasury Reporting: Prepare and analyze reports on cash positions, forecasts, and investment performance for management review.
  • Compliance and Controls: Ensure compliance with internal policies and regulatory requirements related to treasury activities and financial transactions.
  • Treasury Systems: Utilize and manage treasury management systems to streamline processes and enhance reporting accuracy and efficiency.
• Financial Reporting:
  • Prepare and present timely and accurate financial reports, including monthly, quarterly, and annual financial statements and performance metrics.
  • 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.
• Compliance and Documentation:
  • Maintain up-to-date knowledge of accounting standards, regulations, and industry best practices to ensure compliance.
  • Assist with internal and external audits by providing necessary documentation and explanations.
  • Develop and maintain comprehensive documentation for financial processes and procedures.
• Digital initiatives and General Support:
  • Driving the automation in various routine and adhoc reporting (using latest technology)
  • Provide support to the finance 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.

Minimum Educational, Technical Qualifications/Certifications Required

• Degree in accounting (Bachelors/Masters) and
• Professional Accounting qualification: CA / ACCA or equivalent qualification
• IFRS proficiency (including certifications thereon)
• Strong knowledge of SAP
• Advanced skills in MS Office applications
• Proficient in data visualization tools (Power BI preferred)

• Bilingual capabilities preferred (English & Arabic)

Minimum Professional Experience Required

• Qualified CA or ACCA with 6 to 8 years’ experience, preferably in Oil and Gas industry
• Should have worked in a supervisory role managing a team of 2-5 people
• Trainee from BIG 4 audit firms preferable
• Bachelor’s degree in accounting and
• Professional Accounting qualification: CA / ACCA or equivalent qualification
• 5+ years of experience in financial control, book closing, and reporting, preferably in the Oil and Gas industry.
• Strong knowledge of accounting principles, financial reporting, and regulatory compliance.
• Proficiency in SAP Modules (such as FICO, MM, PS, BPC) and advanced Excel skills.
• Excellent analytical skills with a keen eye for detail and accuracy.
• Strong organizational and time-management skills, with the ability to manage multiple tasks and meet deadlines.
• Effective communication skills and the ability to work collaboratively with cross-functional teams.