Specialist – Technical Accounting
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Key skills for this role
About the Role
EWEC is seeking a Specialist in Technical Accounting to ensure accurate financial and regulatory reporting in compliance with IFRS. The role involves managing monthly close, preparing financial statements, coordinating audits, and implementing new accounting standards.
Key Skills for This Role
Responsibilities
- Prepare, review, and analyse monthly, quarterly, and annual financial statements
- Ensure monthly financial statement close process calendar is adhered to
- Ensure compliance with applicable accounting standards
- Collaborate with wider finance teams to gather necessary data and ensure accuracy in reporting
- Preparation of audit committee presentations and financial analysis for external and internal stakeholders
- Assist internal and external auditors by providing necessary documentation and insights during the audit process
- Coordinate audit requests and ensure timely responses to auditor inquiries
- Ensure compliance with documented internal controls and maintain documented processes
- Implement audit recommendations to enhance financial reporting processes
- Monitor and identify regulatory changes affecting financial reporting and compliance
- Prepare and submit required regulatory reports (e.g., SBA, PCR) in a timely manner
- Identify, develop and implement new accounting and finance processes (i.e. IFRS 16, IFRS 9, IFRS 15 processes)
Requirements
- Bachelor’s degree in Finance, Accounting or related field
- Professional certification (CPA, ACCA, CMA, or equivalent)
- Minimum 5 years of experience in financial and regulatory reporting
- Strong exposure to IFRS (especially IFRS 16)
- Experience in large, multinational or energy & utilities organizations is a plus
Full Job Posting
About EWEC
- EWEC (Emirates Water and Electricity Company) is the sole procurer and supplier of water and electricity in the emirate of Abu Dhabi.
- EWEC drives the planning, forecasting, purchasing, and system despatch services of water and electricity.
- EWEC is part of ADQ, one of the region’s largest holding companies.
Job Summary
- Emirates Water & Electricity Company (EWEC) is seeking a Specialist – Technical Accounting.
- This role is responsible for ensuring accurate and timely financial and regulatory reporting, ensuring compliance with IFRS standards and other regulatory requirements.
- This role is also responsible to manage monthly financial statement close process and ensure accurate monthly financial statements and finance master data are maintained.
Key Responsibilities
- Prepare, review, and analyse monthly, quarterly, and annual financial statements.
- Ensure monthly financial statement close process calendar is adhered to.
- Ensure compliance with applicable accounting standards.
- Collaborate with the wider finance teams to gather necessary data and ensure accuracy in reporting.
- Preparation of audit committee presentations and financial analysis for external and internal stakeholders on a quarterly basis.
- Assist internal and external auditors by providing necessary documentation and insights during the audit process.
- Coordinate audit requests and ensure timely responses to auditor inquiries.
- Ensure compliance with documented internal controls, maintain documented processes, and verify appropriateness of identified risks and relevant controls to mitigate risks.
- Implement audit recommendations to enhance financial reporting processes.
- Promote the principles of good accounting practices and continuous improvement.
- Monitor and identify regulatory changes affecting financial reporting and compliance.
- Prepare and submit required regulatory reports (e.g., SBA, PCR) in a timely manner.
Required Educational Qualifications
- Bachelor’s degree in finance, Accounting or related field
- Professional certification (CPA, ACCA, CMA, or equivalent)
Required Minimum Experience
- Minimum 5 years of experience in financial and regulatory reporting
- Strong exposure to IFRS (especially IFRS 16)
- Experience in large, multinational or energy & utilities organizations is a plus
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