Finance Controller

Roles and responsibilities

This role is pivotal in ensuring the financial health and compliance of subsidiary companies and joint ventures. The Controller for Subsidiaries & JVs is responsible for managing and overseeing the financial operations of subsidiary & JV companies. This role involves ensuring accurate financial reporting, maintaining compliance with accounting standards, and providing financial insights to support strategic decision-making.

Ensure integrity of Financial Statements of respective business units and ADNOC L&S.

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

Financial Reporting

• Manage and oversee the financial operations of subsidiaries and joint ventures, ensuring accurate and timely financial reporting.
• Consolidate financial statements of subsidiaries and JVs with the parent company’s financials.
• Ensures the accuracy of financial statements of the company for submission to the Management
• Ensures timely preparation and issue of periodic detailed financial reports, such as analysis of various accounts to Financial Reporting Department.
• Analyze financial data to identify trends, variances, and opportunities for improvement.
• Ensure compliance with local and international accounting standards, tax regulations, and company policies
• Lead and mentor the finance teams within subsidiaries and JVs, fostering a culture of continuous improvement
  

Budgeting and 5 Year Business plan:

• Lead the budgeting and forecasting processes for subsidiaries and JVs, providing financial analysis and insights.
• Review budgets and financial forecasts for subsidiary & JV companies.
• Coordinating with the management reporting team for budget and 5 year plan and attend budget related meetings
• Identify significant variances and deviations from approved budgets
  

Chart of Accounts:

• Controls and reviews chart of accounts. Assures all users awareness of company chart of accounts and methodology of cost coding and allocation.

Desired candidate profile

• Manage and oversee the financial operations of subsidiaries and joint ventures, ensuring accurate and timely financial reporting.
• Consolidate financial statements of subsidiaries and JVs with the parent company’s financials.
• Ensures the accuracy of financial statements of the company for submission to the Management
• Ensures timely preparation and issue of periodic detailed financial reports, such as analysis of various accounts to Financial Reporting Department.
• Analyze financial data to identify trends, variances, and opportunities for improvement.
• Ensure compliance with local and international accounting standards, tax regulations, and company policies
• Lead and mentor the finance teams within subsidiaries and JVs, fostering a culture of continuous improvement
  

Budgeting and 5 Year Business plan:

• Lead the budgeting and forecasting processes for subsidiaries and JVs, providing financial analysis and insights.
• Review budgets and financial forecasts for subsidiary & JV companies.
• Coordinating with the management reporting team for budget and 5 year plan and attend budget related meetings
• Identify significant variances and deviations from approved budgets
  

Chart of Accounts:

• Controls and reviews chart of accounts. Assures all users awareness of company chart of accounts and methodology of cost coding and allocation.
  

Financial Records & Agreements:

• Maintains all accounting and financial records relating to General Accounts.
• Maintains records of audited financial statements, audit reports and working files.