Senior Accountant

JOB PURPOSE

The job holder is responsible to prepare financial reports, manage month & year end accruals, maintain the

general ledger and perform account reconciliations for Borouge ADP and Borouge PTE Abu Dhabi in line with

the IFRS, ADNOC & Borealis directives to ensure all transactions are accounted for accurately and timely.

This role also includes; Capture and report the Ethylene cost on monthly basis; Fulfill requirements from internal

and external auditors; Perform research and analysis.

The key challenge in performing this role is to submit accurate and effective transactions to support the year

and month end closing for Abu Dhabi Polymers Company and Borouge PTE Abu Dhabi branch.

KEY ACCOUNTABILITIES

Job Specific Accountabilities

Accounts Management

 Classify accounts in the relevant general ledger as per best accounting practices to support budgeting and

forecasting.

 Create new Accounts in the Financial System to support the business requirements.

 Create, delete and block cost elements in line with the authorization for the entire Borouge ADP.

 Maintain Accounting procedures and SAP manuals and apply Procedural Improvements following to any

business needs.

 Comply with Internal Controls over Financial Reporting in the financial activities within General ledger to

ensure safeguard of organization and minimize risk.

Accounts Administration

 Prepare, review and post journal entries with the details of every business transaction, as each transaction

occurs, to ensure each transaction is categorizing under a relevant account, and data accuracy for each account

transactions and fluctuations.

Month & Year End Accruals

 Collaborate with all controllers for submission the monthly/yearly accruals.

 Check and verify accrual received are posted correctly.

 Check and verify accruals entered in SAP are not duplicate.

 Make sure all accruals are reviewed and endorsed by line managers / cost center owners.

 Complete all entries before sending report for management review.

 Check and confirm previous month accruals are reversed before entering current month accruals.

 Complete month end closing processes and preparation of schedules according to the Company timetable.

 Analyze the accrual account for all accruals to monitor the unusual costs and ensure that proper approvals

have taken place as per the DOA for effective internal control.

Intercompany reconciliation:

 Prepare the reconciliation sheet on monthly basis

 Prepare Intercompany information with other ADNOC Group Companies to allow a proper reconciliation

 Communicate with Borouge AR and Borouge AP for their justification on un-reconciled items

 Record the intercompany figures on monthly basis to ADNOC platform

 Provide the comparative figures to reporting team for KPI submission.

Financial Analysis & Reporting

 Prepare monthly, quarterly and year-end financial reports and analysis.

 Analyze (upon request) any fluctuation in Income, Expense and Balance Sheet trends to be reported to the

top finance management.

 Prepare Income Tax calculation by preparing revenue/ Cost of Goods Sold (COGS) sheets with plant wise

percentage, addition and classification of assets and depreciation split between plants.

 Submit the required documents to SPC platform regarding income tax on monthly basis.

 Prepare the intercompany reconciliations on monthly basis with various stakeholders to reduce the chance

of inaccuracy in financial statements

 Submit the intercompany reconciliation to ADNOC HQ on monthly basis and financial statements on

quarterly basis.

 Analyze the fixed cost report, balance receivable items with Accounts Receivable Teams in ADP and PTE

 Forward and follow up all Ethylene sales documents to sales team in order to capture the Ethylene cost (the

actual and the accrued) on monthly basis and communicate the same to PTE for their adjustment.

 Prepare required analysis and breakdowns for the Quarter and other ad-hoc explanations requested by

external auditors and owners.

 Manage accruals, payments and Clearing Bank Accounts for Borouge PTE Abu Dhabi Branch.

 Check the accuracy of inter-company billing between Borouge ADP and Borouge PTE Abu Dhabi.