Senior Accountant

Company Description

Established in 2006, Masdar (Abu Dhabi Future Energy Company) is a global clean energy leader, transforming how the world produces and consumes energy through bold innovation and commercial excellence.

Masdar is a clean energy investor, developer and operator, advancing renewable energy projects across key markets and technologies, with a global project portfolio capacity to date of over 65 gigawatts (GW).

Jointly owned by TAQA, ADNOC and Mubadala, Masdar is driving the scale-up of renewables worldwide, targeting a portfolio capacity of 100GW by 2030.

Job Description

To be responsible for the day-to-day finance and accounting operations, including entering journals, managing accounts receivable and payable, timely reconciliation and preparation of periodic statements in compliance with approved financial policies, standards, and procedures.

Key Accountabilities :

• Perform daily AP and AR activities in compliance with the Company’s processes.
• Initiate invoice approval status and ensure processing timelines are being managed.
• Prepare and reconcile month end AP and AR reports
• Regular monitoring of customer receivables and follow up where required.
• Create purchase orders as per the agreements and match to vendor invoices for payment processes.
• Maintain the fixed assets register in line with applicable standards.
• Ensure compliance with Masdar DOA.
• Perform cash management and regular monitoring of cash flow and bank accounts balances to ensure accuracy.
• Optimize cash management by placing customers advances in interest bearing accounts.
• Prepare the month end bank reconciliations to ensure clear reconciliation of items on the bank reconciliations.
• Ensure bank deposits are reconciled and categorized correctly.
• Coordination with bank for issuance of bonds, guarantees and Letters of credits as required by project contracts.
• Review of bonds, guarantees and Letters of Credit against project requirements and initiating amendments as required.
• Record the business transactions related to the project in the accounting register (GL) in full compliance with reporting and accounting standards and Masdar financial policies and procedures.
• Perform the monthly accruals and provisions for accuracy and completeness.
• Prepare monthly trial balance and ensure the accuracy, quality and timely closing of books.
• Manage monthly, quarterly and annual closing processes, reporting and activities in full compliance with IFRS and Masdar financial policies and procedures.
• Manage all payroll functions and accounting processes and monitoring of employees' timesheets and leaves.
• Prepare monthly management reports and financial analyses on a periodical basis as required by stakeholders.
• Prepare monthly, quarterly and annual reports to meet Group reporting requirements.
• Maintain project accounts and monitor project costs against budget.
• Perform local and foreign bank account payments and bank related activities.
• Prepare the month end bank reconciliations to ensure clear reconciliation of items on the bank reconciliations.
• Ensure bank deposits are reconciled and categorized correctly as deposit, short- or long-term restricted cash.

Qualifications

Preferred Experience:

• At least 8-10 years of experience in bookkeeping, AP/AR, cash management, UAE VAT, financial and management reporting
• Prior experience in Renewable Energy projects is preferred

Job specific skills:

• Proficiency in Microsoft 365 applications with expertise in Excel required.
• Sound knowledge of accounting principles, standards, and regulations.
• Proficiency and hands-on experience with Oracle ERP and other financial management software
• Superior data management and data analysis skills.
• Strong time management and organizational skills.
• Detail-oriented with a passion for accuracy.
• Excellent interpersonal skills, with experience collaborating in a multidisciplinary, diverse, and dynamic team.
• Excellent verbal and written communication skills, including ability to explain financial terms in simple language.

Additional Information

As part of the application process, we will collect, store and process personal information about you.

Masdar will use your personal information in accordance with our Candidate Privacy Notice, which provides details on the purposes for which your data is processed.