Role Objectives:

Handles core accounting processes and financial activities related to the General Ledger and Fixed Assets Accounting in coordination with the General Ledger and Fixed Assets Section Head.

General Ledger Accounting processes through the Oracle Financial Accounting System.

Handling all accounting activities and ensures all financial policies and procedures are implemented as per the International Financial Reporting Standards (IFRS) and within the company s framework.

Responsibilities

Booking of all GL Journal Vouchers (JV) into Oracle Financial System for the periodic accounts closing.

Prepares daily, monthly & periodic Bank Reconciliations for all OETC s valid bank accounts.

Creates receipts for all Purchase Orders related to CAPEX Contracts upon request.

Generates wire transfers / payments through Oracle Financial System for the approved invoices.

Makes periodic Inventory reconciliation for the excess material received or returned from OETC existing / completed projects.

Generates periodic MASS Addition for capitalization of the Fixed Assets,

Prepares periodic accruals reconciliation for Operational Expenditures (Opex) and Capital Expenditure (Capex).

Prepares Monthly and periodic Prepayments Application through Oracle Financial System and ensures that the periodic expenditures are allocated properly to the correct chart of accounts.

Making monthly and periodic General Ledger (GL) reconciliation for all Control Accounts to ensure accuracy in company s periodic trial balance.

Updates Company s Capital Working in Progress (CWIP) on monthly basis and reconciles the CWIP to match it with the Projects Module in the Oracle Financial System to ensure accuracy.

Reviews and monitors the issued Purchase Orders through the Purchasing & Finance approval Hierarchy within the Oracle Financial System.

Prepares and maintains monthly Operating Expenditure (OPEX) accruals reconciliation to ensure correctness.

Updates the Usufruct Details / information on a periodic basis to ensure all grid stations which under the usufruct contracts are entered efficiently in coordination with the Projects Department & Administration Department.

Handles all matters related to Taxation requirements in coordination with the section head.

Contributes in monthly & yearly financial closing task.

Maintains an effective system of the general ledger control by means of regulations, internal procedures and periodic reports.

Coordinates with various departments to obtain information and explanations that assists him / her in performing his / her duties.

Generates periodic reports to support management in the decision-making process.

Reviews and monitors the general ledger activities through an effective system in a timely manner and in line with the International Accounting and OETC s standards.

Maintains records related to general ledger & fixed assets and ensures proper archiving for quick and easy reference.

Assists in the preparation of audit schedules, financial schedules and makes them available for accounting information and records for internal / external audit review.

Provides analysis, details and explanations to the General Ledger and Fixed Assets Section Head on the status of OETC s general ledger accounts.

Handles colleagues job responsibilities in case of their absence or annual leave as per the business requirements.

Handles any tasks directed by General Ledger and Fixed Assets Section Head.

Knowledge and Understanding of the Asset Management, HSE Management System and IT Security Standard Requirements according to ISO55001, ISO 14001, OHSAS 18001 and ISO 27001 to carry out the assigned duties as per the roles and responsibilities matrix.

Job Qualifications and Experience

Minimum Qualifications

Bachelor s Degree in Accounting / Finance

Professional Experience

Minimum of 3 years experience in the field of Operational Expenditures.