.jpg "Hiring: Accountant (Fixed Assets) | ADNOC Group | Latest Jobs in Abu Dhabi 2026")
Description
The Fixed Assets Accountant plays a pivotal role within the finance team, responsible for the systematic and accurate recording, maintenance, and monitoring of the company's fixed assets. This position ensures compliance with established accounting standards and company policies and contributes significantly to the financial integrity and operational efficiency of the organization.
The Fixed Assets Accountant will undertake activities associated with the accounting and management of fixed assets, including the preparation of monthly statements, reconciliation of ledgers, and execution of annual physical verification exercises. The role demands meticulous attention to detail, strong analytical skills, and the ability to coordinate effectively across various departments.
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Positions:
- Accountant (Fixed Assets)
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Fixed Assets Policies and Procedures
- Reconcile Fixed Assets Ledger to ensure compliance with established accounting standards and procedures.
- Develop and implement policies and procedures to categorize fixed assets and capitalize various projects in alignment with global accounting standards.
- Oversee the adherence to fixed assets policies during the insertion, write-off, transfer/amendment, and disposal of assets.
- Ensure all fixed assets transactions are accurately recorded in the company's register of assets.
Fixed Assets Monitoring
- Capitalize various fixed assets monthly and update the fixed assets register for any changes or recoveries of equipment.
- Coordinate the transfers of fixed assets to facilitate seamless movement between business units and petrol stations.
- Compute and process the necessary documentation for the sale of rented equipment, adhering to specific guidelines and procedures.
- Compile a list of excess or shortage of fixed assets, investigate the underlying reasons, and prepare detailed reports for management information and action.
- Supervise and monitor the annual fixed assets physical verification exercise to ensure an accurate account of all fixed assets.
Depreciation
- Collaborate with cost centre heads and follow-up on amendments and transfers to ensure the accurate and thorough monitoring of all fixed assets.
- Reconcile the fixed assets registers of cost and depreciation with the nominal ledger as per established company standards and procedures.
- Prepare monthly cost and depreciation reports/schedules, ensuring the availability of required management information.
- Generate monthly inter-regional transfer schedules and lists of outstanding commitments for effective financial oversight.
Physical Verification and Documentation
- Supervise and monitor the annual fixed assets physical verification exercise to ensure an accurate account of all fixed assets.
- Coordinate with relevant departments to ensure the physical verification process is thorough and completed in a timely manner.
- Prepare detailed documentation and reports based on the findings of the physical verification exercise.
- Ensure any discrepancies identified during physical verification are investigated and resolved promptly.
Management Reporting and Coordination
- Prepare and present comprehensive reports on fixed assets management to senior management for informed decision-making.
- Coordinate with various departments to ensure the timely and accurate flow of information related to fixed assets.
- Provide guidance and support to other team members on fixed assets accounting and policies.
- Assist in the preparation of audit schedules and liaise with internal and external auditors as required.
Continuous Improvement
- Participate in the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global best standards, productivity improvement and cost reduction.
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Requirements
To qualify for the Latest Jobs in Abu Dhabi, applicants should meet the following requirements:
- Bachelor’s degree in finance or accounting
- Knowledge of ERP Systems
- Knowledge of MS Office
- 6 years of experience in accounting in a similar environment.
- Knowledge of business workflows, operations processes, accounting management systems and standards.
- Attention to detail
- Innovative and conceptual thinking
- Knowledge of ADNOC Distribution’s business objectives, operations and of the regional laws and regulations
- Effective communication skills
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Unlock Your Future with the Latest Jobs in Abu Dhabi
Abu Dhabi is a thriving hub of innovation and opportunity, and the Latest Jobs in Abu Dhabi provide the perfect platform for you to advance your career. Whether you're looking for a fresh start or aiming to take the next step in your professional journey, the diverse range of Jobs in Abu Dhabi ensures there's something for everyone.
Don’t miss your chance to be part of one of the world’s most exciting work environments. Explore the Latest Jobs in Abu Dhabi today, apply for the role that suits your expertise, and take the first step towards a rewarding and fulfilling career.
About Company:
We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
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How to Apply?
To be considered for any career position at ADNOC, please apply through the application form or send your updated CV in Word or PDF format to Here
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