Finance Controller - 3432373

DESCON ENGINEERING,UAE BU
  • Finance Controller Jobs in Abu Dhabi - 3432373

    DESCON ENGINEERING,UAE BU
  • 8 - 15 Years
  • Abu Dhabi - United Arab Emirates
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3432373

Job Description

We are looking for Finance Controller for Abu Dhabi, UAE

JOB PURPOSE
The incumbent working on this position shall be mainly responsible to run, coordinate and ensure timely and accurate reporting of financial information with proper books of accounts as per standard accounting practices while effectively managing the financial and cost control functions of the BA, maintaining accurate books of accounts and ensure daily recording of transactions at project and BA office in the system, to ensure good governance in Funds management, commercial transactions, banking and treasury functions, and to advice BA Head regarding financial health of the project-overseas BA

KEY ACCOUNTABILITIES
BUSINESS PLAN, BUDGET & FORECAST
? Report balance cost to complete every project well in time
? Conduct audit & get statutory reports
Prepare and submit project budget to CFO for financial review and authorization by CEO before start of project execution

PROJECT MONITORING AND COST CONTROL
? Compare and report on budgeted versus actual figures for each project on monthly basis
? Maintenance of accounting records and ensuring financial reporting of project as per best practices
? Control and monitor BA establishment expenditures in accordance with budgeted comparison and achieve self reliance in funding from existing projects resources
? Preparation of project budget approval
? Follow up the accounts of financial control manual
? Report extra-ordinary events and deviation instantly to CFOBA Head
? Preparation of payroll and other benefits
? Maintain fixed assets register in order

BANKING FACILITIES AND TREASURY FUNCTIONS
? To closely monitor funds movement by focusing on timely generation of invoices, follow up and chasing of receivables and administering payables
? To facilitate smooth operation of future and existing projects while keeping financial charges at minimum
? To arrange for and expedite procedures for Letter of Credit, LG, Bid Bonds, leases and non-funded facilities with bank in accordance with division of responsibilities of treasury functions between BAs and Head office in close collaboration with treasury managers
IMPLEMENTATION OF INTERNAL CONTROLS AND ACCOUNTING SYSTEMS
? To improve financial reporting documentation of systems for better internal control as per company policies and procedures for control
? Be proactive and raise flag immediately on violations and by pass of systems
? Be aware and monitor risks and communicate to CFO and BA Head
? Keep checks and strict control on expenses and verify the sources; if doubtful
FINANCIAL MANAGEMENT
To monitor & suggest corrective measure Head BA, in order to control projects within budgeted limits with respect to cost, profitability , revenue generation and general monthly cash flows
To prepare, implement and update monthly cash flows in each BA and identify the reasons of variation from budget
MANAGING PEOPLE
Achievement of financial objectives through the strong leadership by setting individual objectives, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal in order to optimize the manpower resources
TAKING THE OWNERSHIP OF COMPANY QHSE POLICY
? Accountable to create a safe working environment, manage risks, reduce exposure to hazardous liability and ensure implementation of QHSE policy
? Comply with all QAQC standards (DIMS standards) as applicable to the company systems, policies, procedures, and documents in order to deliver the expected quality of work
FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY
? Work under the supervision and directions of CFO and BA Head
? Take necessary actions to resolve the disputed issues in reconciliations
? Keep close liaison and interaction with other department Heads of the BA
? Any violation or deviation from the defined accounting policies and procedures must instantly be brought to the notice of CFO
? Seeks approval from CFO for any change in the Finance Staff both at project sites and at BA officer

Profile Summary

Type:Company Job

Eligibility:Master of Commerce(Commerce), MBA/PG Diploma in Business Mgmt(Finance), Bachelor of Commerce(Commerce).

Industry:Oil & Gas / Petroleum

Function:Accounts / Taxation / Audit / Company Secretary

Deadline:15th Feb 2025

Desired Candidate Profile

Finance Controller

Company Profile

Not Mentioned