indeed
Assistant Manager Finance NOA
Mubadala Energy
, UAE
Full Time
Manager
2 days ago
Financial AnalysisBudgetingFinancial ReportingAccountingIFRSJoint Operating Agreement (JOA)
Free
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Financial AnalysisBudgetingFinancial Reporting
About the Role
Mubadala Energy is hiring an Assistant Manager Finance NOA to support finance, commercial, and economic aspects of non-operated assets. The role involves performance management, monthly reporting, budgeting, and auditing.
Key Skills for This Role
Financial AnalysisBudgetingFinancial ReportingAccountingIFRSJoint Operating Agreement (JOA)
Responsibilities
- Preparation of Non Operated Assets 5 Year annual plan by gathering information, assumptions, building templates & providing deliverables
- Work on financial models for non operated assets
- Prepare consolidated reports, Plan on Plan analysis, presentations as required by Senior Manager, Finance NOA
- Upload business plan inputs into Jedox System for each Non Operated Assets
- Analyse monthly reports received from assets
- Perform monthly non operated asset accounting based on joint interest billings received from the operator (in line with IFRS)
- Prepare monthly forecast report for Non Operated Assets with variance analysis & provide commentaries
- Upload forecast into Jedox System for each asset
- Prepare monthly cash forecast based on financial requirement for all assets
- Prepare quarterly impairment assessment
- Prepare quarterly review of Balance Sheet exposures
- Prepare annual slow moving inventory provision assessment
Requirements
- Understanding of Joint Operating Agreement (JOA)/Joint Venture (JV)/Sales agreements
- Local financial compliance knowledge
- Experience in accounting and management reporting
- Ability to prepare financial models and consolidated reports
- Knowledge of IFRS
- Experience with Jedox or similar financial planning systems
- Experience in tax compliance
Full Job Posting
Role Details
- Position title: Assistant Manager Finance NOA
- Reports to: Senior Manager, Finance NOA
- Department: Finance & Corporate Support
- Function: Finance
Role Purpose
- Support Senior Manager, Finance NOA on finance, commercial and economic aspects of Non operated assets activities in accordance with Mubadala Energy Strategy and governance principles.
- Facilitate value creation and stewardship through monitoring performance of the non operated assets, analysis of investment decisions.
Key Accountabilities
- Preparation of Non Operated Assets 5 Year annual plan by gathering information, assumptions, building templates & providing deliverables, working on financial models, presenting and justifying budget.
- Preparation of consolidated reports, Plan on Plan analysis, presentations as required by Senior Manager, Finance NOA.
- Upload business plan inputs into Jedox System for each Non Operated Assets.
- Analyse monthly reports received from assets.
- Perform monthly non operated asset accounting based on joint interest billings received from the operator (in line with IFRS).
- Prepare monthly forecast report for Non Operated Assets with variance analysis & provide commentaries.
- Upload forecast into Jedox System for each asset.
- Prepare monthly cash forecast based on financial requirement for all assets.
- Prepare quarterly impairment assessment.
- Prepare quarterly review of Balance Sheet exposures.
- Prepare annual slow moving inventory provision assessment.
- Review customer/vendor invoices and general ledger for maintaining the integrity of financial information.
Asset Management Support
- Support Asset Management Team in investment analysis and any ad hoc requests, which will include understanding economic models prepared by consultants/in house modelling team.
- Attend Asset Management meetings as and when required.
- Provide support for Assets Quarterly Reviews.
- Prepare the financial analysis relevant for seeking delegation of authority approvals.
Internal / Shareholder / Accounting and Statutory Audits
- Support Internal Audit and Shareholder Audit Teams in planning and executing audits relating to Non Operated assets.
- Prepare general ledger journal entries for Non Operated assets.
- Monitor implementation of post audit action plans.
- Coordinate with the Assets' Finance Team to provide financial information required for quarterly/year end statutory audits.
- Prepare accurate financial statements, including balance sheets, income statements, and cash flow statements, in compliance with accounting standards (JIBs, JEDOX/FCCS reports and statutory financial statements).
- Managing signed Financial Statements submission to Shareholders and or Lenders
Tax Compliance
- Support the financial and tax compliance team based on laws and regulations applicable to the respective asset.
- Oversee and ensure accurate & timely reporting of Israel tax compliance activities including but not limited to calculations of tax
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