Job Title: Fixed Assets Accountant
Job Purpose
To record Inventory / fixed asset capitalization, depreciation, write off and maintenance of sub-ledger reconciled accounting records in order to administer Inventory / Fixed Asset in compliance with the UAE statutory requirements, IFRS, management requirements and with appropriate internal controls.
Key Activities, Responsibility & Accountability
, safety, welfare or protection or management of the environment.
• Follow all relevant Security policies, processes, procedures, and instructions to ensure security compliance in all aspects of work, by applying them on self, others, and corporate assets.
• Follow all relevant Business Continuity and Resilience requirements for compliance with, and adherence to, policies, procedures and instructions related to the effective planning for, and response to, incidents and/or business disruptions in order to continue critical business processes and activities with minimal adverse impact.
Activity:
People Management
Responsibilities and Accountabilities
• Contribute to the development of UAE National employees in a manner which supports the objectives of the corporation and its Emiratization strategy.
• Contribute to knowledge dissemination/sharing in a way that assists with building internal capabilities of UAE Nationals where applicable and maximize their effective performance.
Activity:
Excellence and Quality Management
Responsibilities and Accountabilities:
• Ensure commitment to a culture of continuous improvement by eliminating waste, following operations procedures, practicing innovation, problem solving, and teamwork; complying with Quality Management System policies and procedures; providing and receiving constructive feedback, and striving to meet quality standards and stakeholder expectations.
• Ensure commitment to the Nawah Fundamentals.
Responsibilities & Accountabilities (contd.)
Activity:
Fixed Asset Management
Responsibilities and Accountabilities:
• Utilize Oracle ERP and other business systems to administer timely and accurate fixed assets (FA) transactions in compliance with ENEC capitalization manual in order to reconcile all fixed asset sub-ledger accounts monthly.
• Coordinate with Senior General Ledger (GL) Accountant and Projects Accountant, as necessary, to set-up consistent Asset location code, major/minor category codes and default useful life, mapping the categories to default GL accounts.
• Reconcile general and administrative fixed asset and inventory, including: reconciling fixed asset/inventory sub-ledger, and reviewing fixed asset register with business function owner to ensure accurate updates to any changes in asset status.
• Maintain and reconcile Fixed Asset register for external audit requirements, including: disclosures and annual additions/deletions records.
• Review and analyze the fixed asset physical inventory count (or stock take) in accordance with Finance and Accounting Guidelines.
Activity:
Inventory Management
Responsibilities and Accountabilities:
• Maintain and update ENEC inventory booking, Goods Receipt Note, Goods Delivery Note, inventory issuing, spoilage and safe keeping records in coordination with warehouse staff so that all documentation is up to date.
• Work closely with warehouse staff to fully assimilate all ENEC requirements for smooth business operations and update the inventory module on a regular basis.
• Reconcile ERP inventory sub-module and other warehouse systems on a regular basis, and prepare monthly, quarterly and annual disclosure information for management and financial reporting.
• Review the inventory transactions in Oracle in compliance with IFRS and other statutory requirements, including: periodic physical stock take of inventories and supporting auditors.
• Support overall development, maintenance and monitoring of ENEC inventory system in order to achieve efficient stock utilization.
• Assist in the strategic planning and the quality of all reporting is in conformance with regulations, legislation, policies and procedures.
• Process monthly/yearly adjustments.
Activity:
Stakeholder Engagement
Responsibilities and Accountabilities:
• Facilitate communication both internally and externally in order to build and nurture mutually beneficial working relationships
Activity:
Health, Safety and Environment, Security and Business Continuity
Responsibilities and Accountabilities:
• All individuals take personal responsibility for safety; follow company HSE policies, procedures and instructions; avoid complacency and continuously challenge existing conditions and activities in order to identify discrepancies that might result in error or in appropriate action; report any situation that could present a hazard; not intentionally or recklessly interfere with or misuse anything provided at the workplace in the interest of health
Professional Certifications
CertificateMin: N/A
CertificateMax: Professional accountant qualification
Qualifications
QualificationMin: • Bachelor’s Degree
• 3 years of relevant experience.
QualificationMax: • Experience in energy or construction projects is highly desirable
• Governmental experience
Experience
