Manager, Accounts, KRI Operations

Crescent Petroleum


Date: 2 weeks 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:

  • 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

Book Closing

  • 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.

Treasury Management

  • 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.

Payroll Management

  • 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

Financial Reporting (Management Reporting And Financial Statements)

  • 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)

Audits (Statutory/Government/Partner): Lead and manage the audit process:

  • 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.

Digital Initiatives And General Support

  • 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

Reporting and Communication

  • 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.

Continuous Improvement of Position

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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