Manager, Accounts, KRI Operations
Crescent Petroleum
Date: 13 hours ago
City: Sharjah
Contract type: Full time

Major Functions
Managing the development and implementation of accounting policies, systems and procedures for KRI and affiliated companies. Reconciles accounts and prepares Accounting/Financial reports while ensuring adherence to all relevant internal and statutory controls. Carries out financial Auditing procedures when required.
Essential Functions
Financial Control:
Conducts regular research on Accounting/Financial best practices and recommends subsequent strategies and plans to improve accounting operating functions.
Minimum Professional Experience Required
Managing the development and implementation of accounting policies, systems and procedures for KRI and affiliated companies. Reconciles accounts and prepares Accounting/Financial reports while ensuring adherence to all relevant internal and statutory controls. Carries out financial Auditing procedures when required.
Essential Functions
Financial Control:
- Oversee and manage the financial control processes to ensure accuracy, completeness, and timeliness of financial data (Budget Vs Actuals, review of AFEs etc.)
- Develop and enforce internal controls and accounting policies to safeguard company assets and ensure compliance with relevant regulations.
- Participate in the development and monitoring of work program and budgets for Operations/Project Development Activities
- Perform regular reviews of financial transactions and reconciliations to identify and address discrepancies or issues.
- Coordinate with various departments to gather necessary information and documentation for book closing activities.
- Lead the month-end, quarter-end, and year-end closing processes, ensuring all financial transactions are recorded accurately and in accordance with accounting standards.
- KRI based cash Flow Management: Monitor and manage daily cash flows in KRI to ensure sufficient liquidity for operational needs and investments.
- Compliance and Controls: Ensure compliance with internal policies and regulatory requirements related to treasury activities and financial transactions.
- Manage and lead the payroll processing for Credan to ensure that all payroll transactions and reports are processed and completed according to generally accepted accounting principles.
- Ensure monthly payroll reporting to Head Office
- Ensure local governmental compliance on payroll matters (submission of quarterly PIT/other returns etc.)
- Work with HR and payroll teams in KRI and HO on all payroll matters to bring in additional efficiencies in reporting
- 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.
- Prepare and finalize financial statements of local entities in accordance with local laws and accounting standards (including handling the audit of the financial statements)
- Ensure timely completion of audits of financial statement of local books and compliance on financial matters in line with local requirements.
- Government and Partner audits: Compilation of all audit requests, coordinating with various internal stakeholders, closing out queries with auditors, review and finalization of responses and submissions to auditors on Info Requests/Reports etc.
- Driving the automation in various routine and adhoc reporting (using latest technology)
- Provide support to the Head Office 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
- Reports to the Director, Accounting & Reporting on all Accounting/Financial reporting and analysis issues.
- Liaises with relevant departments such as Supply Chain, Projects & Drilling (on budgets, contracts, other matters)
- Liaises with external bodies and representatives (e.g. Kurdish regulatory authorities & external auditors) to ensure ease and compliance on all accounting/financial matters.
Conducts regular research on Accounting/Financial best practices and recommends subsequent strategies and plans to improve accounting operating functions.
Minimum Professional Experience Required
- 8 to 10 years of relevant accounting experience, preferably within a multinational firm
- Experience in a similar industry or field is a plus
- Bachelor’s degree in accounting and or/Finance
- Professional certification CA OR ACCA
- S4/Hana (Preferable)
- PowerBI (will be a plus)
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