Job Description
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 Rule:Review and update policy and procedure documents to align with One ERP for all finance related functions such as Treasury, Financial Accounts, VAT, Management Accounts etc.Suggest Improvements to current processes followed through procedures to bring about efficiency and improved processes.Collaborate with the functional heads within Finance to ensure the alignment with the changes proposed and agreed for improvement in processes.Internal Controls Over Financial Reporting (ICOFR) - Internal ControlsServe as Company Focal Point and bridge between ASG and the ADNOC Group Internal Controls PMO. Build and implement robust internal controls though identification of specific risks under the processes scoped in for ICOFR alongside the external auditors.Provide monthly updates to ADNOC Group Internal controls Team on ASG ICOFR journey, identifying any challenges and support if required from HQ.Prepare ICFR guidelines and procedures that are implemented at all levels of organization.Coordinate with external auditors over scoping document for Internal controls.Review and agree the gap tracker for all material weaknesses (high risk), Significant deficiencies (medium risk) or Deficiencies (low risk) identified with external auditors. Ensure timely closure of the open items highlighted in the gap tracker to ensure successful KPI achievement.Review annually the risk assessment, design and implementation of internal controls over financial reporting.Prepare the ICOFR certificate prior to getting CFO and CEO sign offPrepare the monthly internal control score card to be submitted to ADNOC HQRegularly update the status on ICOFR to those charged with governance including FINCO and Audit Committee and prepare required presentations.Coordinate the ICOFR audit and ensure no material deficiencies are highlighted which would reflect a weakness in the control environment and an unqualified ICOFR opinion is issued for the relevant period. Prepare Workflows, Risk Control Matrices and corresponding documentation for controls identified against the respective risks. Document the management control testing to be performed for Test of Design (TOD) and Test of Operating Effectiveness(TOE)Identifying potential improvement opportunities to the ICFR program, methodology, tools and templates.SupervisionPlan, supervise and coordinate all activities in the assigned area to meet functional objectives.Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.BudgetsProvide input for preparation of the Department/ Section budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.Investigate and highlight any significant variances to support effective performance and cost control. Policies, Systems, Processes & ProceduresImplement approved Department / Section policies, processes, systems, standards and procedures in order to support execution of the Department / Section's work programs in line with Company and International standards.Comply with all applicable legislation and legal regulations.Qualification and Experience:Bachelor Degree in Accounting and finance.8 years of experience in Finance/Accounting, including experience in implementation of the Financial Systems in a large complex organization.
