Controller of Financial Planning & Controls Full Time

Role Purpose:

To prepare financial reports, statements, forecasts and control of budget and asset information in line with EMARAT policies and procedures, International Accounting Standards and industry best practice.

Key Accountabilities:

1. Planning and Implementation

• Ensures business processes and work activities, relevant to position, are planned and executed in compliance with EMARAT policy, procedures and best practice to achieve business objectives in a safe, efficient and cost-effective manner
• Conducts periodic review of policy, procedures and practices, relevant to position, to identify opportunities for improvement and engagement in best practice
• Liaises with Direct Manager to clarify, justify and provide updates on all significant developments undertaken by the Section
• Generates reports as per management request, timely and accurately to meet company and department requirements, policies and standards

2. Budgeting

• Analyses cash flow, cost controls and expenses within own Section towards optimum utilization of company’s resources
• Reviews and responds to queries related to expenditure reports and provides justification for any budget overspend controls and expenses in coordination with Department Managers and JV partners towards optimum utilization of company’s resources

3. Management Accounting

• Controls the preparation of the monthly profitability reports for EMARAT’s corporate and filling stations by obtaining information from Business Intelligence and Oracle GL systems
• Prepares corporate plan volume, revenue, cost of the sale and operating cost budget by coordinating with all Departments to obtain information and other data that offer further revenue and operating cost for EMARAT
• Coordinates Controller meetings with all Department Managers to review and discuss the plan estimate purposes in line with Departmental Manager’s objectives
• Prepares P&L, cash flow and balance sheet –forecasts for the corporate plan
• Supervises the preparation of capital budget and capital sanction and expenditure summaries for the corporate plan
• Approves and applies budget transfers in Oracle based on Department manager / Finance Manager approver
• Supervises the maintenance and updating of the Assets Register; ensures that information concerning age of assets, commissioning date, depreciation schedule, write offs, and other required details are properly maintained and updated
• Supervises management accounts month end and controls the closing checklist ensuring all sections complete the processes according to the timetable

4. Management Information Systems (MIS)

• Participates in improvements of computer applications for enhancing output data requirements of departments; coordinates closely with the IT Department, ensuring appropriate procedures are being applied, and testing systems for effectiveness
• Coordinates with IT to utilize all the functions available in Asset and Project Oracle applications and customizes existing Oracle reports according to EMARAT’s requirements
• Coordinates with the IT support team to resolves application problems related to BI, Navision and Oracle Project and Asset applications
• Supervises the preparation of invoices, credit and debit notes for JV’s  and profitability statements for EMARAT’s operated stations and the reconciliation of dealer payments with General Ledger

5. People Management

• Motivates staff and empowers direct reports by providing the necessary tools and support required to support Section goals and objectives
• Establishes clear direction, prioritize tasks, assign and delegate responsibility and monitor the workflow of the Section
• Builds opportunities for staff to suggest, participate in and contribute to improvement, innovation and knowledge sharing initiatives
• Provides guidance and ensures that the Unit members comply with EMARAT’s policies, processes, practices and systems
• Ensures proper target setting and staff performance management in line with EMARAT performance management guidelines
• Drives Emiratization programs to enable EMARAT to attract and develop local talent over time to take on meaningful roles within the organization

Qualifications and Requirements:
Experience:

• A minimum of 6 years’ experience within Finance with at least 2 years in a supervisory role
• Experience in the Oil & Gas Industry preferred

Education:

• Bachelor’s degree in accounting or finance