Finance Functions Support Specialist - Recharge

About the role

The Specialist, Finance Functions Support is responsible for coordinating and supporting the development of service cost budgets and associated recharges. The role ensures accurate cost accounting and reporting and the effective management of financial resources within the organization. It is based in Abu Dhabi and is listed as a temporary position.

Key responsibilities

• Coordinate and support the development of service cost budgets and recharges, aligned with organizational goals and financial policies.
• Take part in cost accounting and reporting, validating third-party and internal costs to the correct general ledger accounts and cost centers and correcting erroneous entries.
• Support the review of the annual HQ functional recharge budget in line with ADNOC's budgeting and planning guidelines, F&I policies, the service list, costing model, allocation metrics and cost center hierarchy.
• Prepare quarterly service fee true-up projections for Group Companies and share them with functional leadership, F&I and the Group Companies' CFOs.
• Review service fee inputs to FSSC intercompany billing so that recharge billing follows the relevant master service agreements.
• Respond to billing queries from Group Companies and auditors on HQ corporate support costs and recharges.
• Resolve delinquent intercompany receivables related to functional recharge with Finance Shared Services Intercompany Accounting and the HQ Function Recharge Lead.
• Participate in the annual review of recharge approaches for supported HQ functions and collaborate with Legal on contract revisions.
• Adjust the function cost center hierarchy as needed and help implement recharge policies, processes, systems, standards, procedures and internal controls.
• Plan, supervise and train staff, contribute to budgets and performance objectives, and provide inputs to MIS and progress reports.

Required profile

• Bachelor's degree in accounting and/or finance.
• 10 years of experience in finance or accounting, focused on cost accounting, budgeting and financial reporting.
• Strong understanding of financial principles and cost accounting standards.
• Detail-oriented, able to work independently and collaboratively in a fast-paced environment.
• CPA or CMA certification preferred.

Required skills

• Proficiency in financial software.
• Microsoft Office Suite, particularly Excel.