Accounting & Finance Support

Job Description

NOMAC Maintenance Energy Services (NMES), serves as an extension of ACWA Power and NOMAC's leadership in the region with regards to the power generation and water desalination sectors as well as the maintenance and operations sphere.

NMES supports its end-users by providing OEM level quality services and exceptional value creation through highly skilled and trained outage personnel (outage managers, Field Service Engineers, Technicians, specialists) and by applying innovative, downtime reducing services such as:

• Spark erosion technology
• On-site machining solutions for ST and GT casings, bearing pedestals, burner inserts, tip grinding
• On Site Rotor Machining and Low speed Balancing
• On site blasting, coating and curing of Compressor parts (blades/Vanes) with Aluminum Chromate coatings.
• Re-engineering services and pump spare manufacturing.

Scope of work 

Finance/Accounting department is mainly responsible in preparation, submission and control of accurate financial data for reporting purposes. It provides key support for all the operating units in all financial requirements: (i) Accounting (ii) Financial Control (iii) Treasury and (iv) Controllership.

The purpose of this position is to assist the Executive Director Finance and Finance Manager, to provide accurate and data-based insights on NMES’s financial health by reviewing business performance and monitoring the value of long-term contracts, in order to identify value adding opportunities to improve efficiencies and profitability of each project.

Functional Responsibilities

• To carry out day-to-day financial accounting services such as compilation, consolidation, and analysis of financial data to ensure compliance with internal regulations and external standards, whilst ensuring payments are correct, properly accounted for and processed within the defined timelines
• Verify and follow up on daily received invoices and cheque requests by matching them with the purchase orders, and payment terms and agreements to ensure accurate verification and timely and accurate payment of invoices.
• Receive and verify expense reports, allocate them to the correct accounts, projects and process the payments to ensure timely payments to employees
• Monitor all vendor calls and liaise with suppliers, vendors, banks etc., to resolve any issues and cases with respect to accounts payable transactions to ensure timely resolution of issues
• Closing of all SAP Modules (Inventory, Accounts Receivable, Accounts Payable and General Ledger by the last day of each month.
• Coordinate with Business process outsourcing team. 
• Provide other reports/invoice as necessary during the conduct of company's business.
• Liaise with line manager and other departments for any queries, clarifications, pending approvals, and matters related to processing of invoices, in order to ensure timely resolution.
• Liaise with Banks as per the business requirements.
• Conduct and execute closing activities, on a monthly basis in line with accounting policies and procedures to ensure transactions are recorded accurately and reflect the financial standing.
• Prepare and review the reconciliation of all relevant ledger accounts and verify the validity of account discrepancies in order to ensure all adjustment entries posted in the cost center system have been passed correctly 
• Provide Monthly Unaudited Financial Reports (Income Statement, Balance Sheet & Cash Statement with Variance Analysis between Actual and Budget) and send to auditors for quarterly and year end audits. 
• Assist in the completion of audits by providing all the required information to the auditors, providing justifications related to any discrepancies and making relevant changes based on their suggestions, to ensure timely completion and implementation of audit results.
• Strategic Finance Initiatives
• Undertake the analysis for various strategic finance initiatives and follow through on their implementation to ensure the objectives are achieved. 
• Support other teams (Corporate Finance) as required and help respond to bank requests for information and data in relation to approving corporate finance facilities for NOMAC and/or its project companies. 

Self-Development 

• Keep up to date with market developments in order to develop an understanding of various finance products and features.
• Seek knowledge transfer from more experienced team members by closely shadowing them to gain technical experience in financing.