Senior Accountant (MRS)

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.

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