Financial Control and Reporting Specialist
Crescent Petroleum
United Arab Emirates
22nd May 2025
2505-2218-1
Job Description
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.
- 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)
- 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.
Job Details
| Role Function: | Accounting/Finance | Job Category: | Accounting & Financial Services | ||
|---|---|---|---|---|---|
| Role Level: | Director | Work Type: | Full-Time | ||
| Country: | United Arab Emirates | City: | Sharjah | ||
| Company Website: | http://crescentpetroleum.com/ | Company Industry/ Sector: | Oil and Gas | ||
What We Offer
About the Company
Crescent Petroleum is the first and largest privately owned, independent oil and gas company in the Middle East.Since our inception in 1971, we have leveraged our understanding of the region to promote cleaner energy and sustainability. Our company has thrived through its people, who have always gone above and beyond the call of duty. We are committed to helping them lead and we gladly celebrate their achievements.
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