Controller, General Accounts & Consolidation Section

Overview

Controller, General Accounts & Consolidation Section Jobs in Abu Dhabi, UAE/Dubai at ADNOC Group

Job Purpose

Supervise the preparation and submission of quarterly and yearly financial consolidated statements across the ADNOC Group (HQ and Group Companies), oversee coordination, provide related support, and ensure all Directorates and Group Companies follow applicable financial Group‑wide guidelines, procedures and frameworks to drive compliance of financial reporting and fulfil external auditors’ requirements.

Job Specific Accountabilities (Part
1)

• Contribute to the development and oversee the implementation of standardised Group‑wide guidelines, procedures and frameworks (for HQ and Group Companies) that drive uniform consolidated reporting across the organisation.
• Contribute to continuous improvement and alignment of policies, procedures and systems related to (consolidated) reporting (e.g. One ERP), liaising with other departments as necessary, to improve accuracy, timeliness and usefulness of financial reporting activities.
• Ensure that all Directorates and Group Companies follow and comply with the established financial reporting guidelines, procedures and frameworks, in line with internal and external audit requirements.
• Oversee coordination with various Business Line/Corporate Directorates and the Finance function across the ADNOC Group (HQ and Group Companies) to ensure they receive required financial services and support for prompt resolution of accounting issues and efficient communication flow between Directorates, ADNOC subsidiaries and the Financial Control Unit.
• Manage the relationship between ADNOC and ADAA, in cooperation with Internal Controls, for all matters related to audit issues, findings, comments, information requests and compliance, and financial statements.
• Support the appointment of External Auditors and be responsible for matters related to:
  • RFP to assign the auditors
  • Contract renewal
  • Endorsing their invoices
  • Coordination of all meetings within ADNOC
  • Handling all admin issues including passes to ADNOC premises
  • Arranging their presentation to the ADNOC audit committee
• Manage the process of preparing the consolidated and interim financial statements (and notes) including monthly reporting.
• Review and approve consolidation entries—a key aspect of preparing consolidated financial statements—and assist ADNOC entities in finalising related balance reconciliations.
• Support the administration of audit reports from both government and external auditors, ensuring a timely and efficient follow‑up on audit findings.
• Lead the financial governance framework and ensure the timely and efficient closure of accounts each month.
• Ensure the participation of the Group Financial Planning Budgeting and Reporting Unit in the Audit Committees of various Group Companies and subsidiaries to enable efficient communication flow between the General Ledger function, Audit function, the Internal Control Department and the internal auditor of the relevant Group Companies.

Job Specific Accountabilities (Part
2)

• Discuss replies to audit observations and recommendations with the Internal Control Department, and contribute to timely and appropriate responses to auditors on their audit findings and recommendations.
• Initiate analyses that lead to identification of financial risks and assess the potential risk and vulnerability these create for the business and the Group relative to operational factors of cost and quality, classification of capital or revenue expenses, and significance as to frequency of occurrences.
• Direct the collection of financial documents and information from various ADNOC entities (such as budgets, performance measures, financial policies, fixed‑asset valuation) and ensure proper follow‑up whenever required.
• Participate in selecting the Group Companies’ external auditors.
• Meet with CFOs of Group subsidiaries to address significant audit issues and keep them informed of emerging trends and successful practices in audit compliance.
• Finalize the required assessment of impact of new International Financial Reporting Standards on ADNOC consolidated financial statements, preparing related memos and impact analyses.
• Provide advisory services to Group companies and BLDs on various matters such as financial…

Title: Controller, General Accounts & Consolidation Section

Company: ADNOC Group

Location: Abu Dhabi, UAE/Dubai

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