Financial Control and Reporting Specialist
Crescent Petroleum
Date: 12 hours ago
City: Sharjah
Contract type: Full time

Major Functions
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
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.
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