500 Employees or more · Other Business Support Services
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Job Description
About Company
About Company:
Founded in 1971, ADNOC is a leading diversified energy group, wholly owned by the Abu Dhabi Government. Our network of fully integrated businesses operates across the energy value chain, helping us to responsibly meet the demands of an ever-changing energy market.
Already in the top tier of the lowest carbon intensity oil and gas producers in the world, we are taking significant steps to make today’s energy cleaner while investing in the clean energies of tomorrow, strengthening our position as a reliable and responsible global energy provider.
We are allocating an initial $23 billion to advance and accelerate lower-carbon solutions, investing in new energies and decarbonization technologies to enable our net zero by 2045 ambition and our commitment to zero methane emissions by 2030.
About Role Job Specific Accountabilities
Maintain and Update the Memorandum Fixed Assets Register (FAR) for ADNOC Sour Gas for capex cost captured through the work breakdown structure (WBS) in SAP.
Review and align the asset classification in the memorandum FAR with ADNOC guidelines so as to facilitate consolidation at Group level.
Maintain memorandum fixed assets files along with respective memorandum depreciation based on useful lives and apply componentization where applicable in line with group guidelines.
Prepare the Quarterly Fixed Asset Reporting Package to be submitted to ADNOC.
Update the fixed assets, depreciation and net book value along with CWIP for each quarter in BPC system for ADNOC consolidation.
Participate and provide training for new systems impacting fixed assets such as Mojodat and the SAP Fixed assets module.
Participate and lead the physical verification and tagging of fixed assets exercise along with ADNOC HQ and assigned consultants, where applicable
Provide the monthly memorandum depreciation numbers to the reporting team for updating the monthly BPC submission on actuals.
Co-ordinate with EAM team and focal points for aligning/ reconciling between the financial fixed asset register and the technical fixed asset register.
Maintain and update the policy and procedure document relating to Fixed assets and covering various areas such as Impairment, treatment of intangibles, componentization, capitalization date, manpower allocation to capex projects etc.
Run the monthly settlement for fixed assets and CWIP in the SAP system
Sound Knowledge of IFRS, and IAS 16- Property plant & Equipment and required treatment for PPE.
Qualifications And Experience
Bachelor's Degree in Accounting / Finance or equivalent.
8 years' experience in fixed asset accounting, preferably in the oil/gas or petrochemical industries. Solid understanding and knowledge of International Financial Standards (IFRS), especially IAS 16 Proficient in Microsoft Excel, Word and PowerPoint.
Excellent written and oral communication skills in English, Arabic language would be an advantage.
Excellent understanding of Financial Systems, Analytical Skills and Data analysis.
