JOB PURPOSE:
This role is pivotal in ensuring the financial health and compliance of subsidiary companies and joint ventures. The Controller for Subsidiaries & JVs is responsible for managing and overseeing the financial operations of subsidiary & JV companies. This role involves ensuring accurate financial reporting, maintaining compliance with accounting standards, and providing financial insights to support strategic decision-making.
Ensure integrity of Financial Statements of respective business units and ADNOC L&S.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
Financial Reporting
- Manage and oversee the financial operations of subsidiaries and joint ventures, ensuring accurate and timely financial reporting.
- Consolidate financial statements of subsidiaries and JVs with the parent company’s financials.
- Ensures the accuracy of financial statements of the company for submission to the Management
- Ensures timely preparation and issue of periodic detailed financial reports, such as analysis of various accounts to Financial Reporting Department.
- Analyze financial data to identify trends, variances, and opportunities for improvement.
- Ensure compliance with local and international accounting standards, tax regulations, and company policies
- Lead and mentor the finance teams within subsidiaries and JVs, fostering a culture of continuous improvement
Budgeting and 5 Year Business plan:
- Lead the budgeting and forecasting processes for subsidiaries and JVs, providing financial analysis and insights.
- Review budgets and financial forecasts for subsidiary & JV companies.
- Coordinating with the management reporting team for budget and 5 year plan and attend budget related meetings
- Identify significant variances and deviations from approved budgets
Chart of Accounts:
- Controls and reviews chart of accounts. Assures all users awareness of company chart of accounts and methodology of cost coding and allocation.
Financial Records & Agreements:
- Maintains all accounting and financial records relating to General Accounts.
- Maintains records of audited financial statements, audit reports and working files.
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