The purpose of the role is to manage and oversee capital expenditure accounting processes, ensuring accurate financial reporting and compliance with company policies and regulations.
Key Responsibilities:
- Oversee the capital expenditure accounting process, ensuring all transactions are accurately recorded and compliant with company policies and accounting standards.
- Prepare and maintain detailed capital expenditure budgets, tracking project costs and ensuring alignment with financial forecasts.
- Conduct regular reviews of capital projects to ensure expenditures are within budget and provide variance analysis to management.
- Collaborate with project managers to gather necessary financial data and provide insights on capital project performance and financial implications
- Prepare monthly, quarterly, and annual financial reports related to capital expenditures, providing insights and recommendations to senior management.
- Assist in the preparation of financial statements by providing accurate capital expenditure data and analysis.
- Coordinate with external auditors during the annual audit process, providing necessary documentation and explanations related to capital expenditures.
- Develop and implement processes to improve the efficiency and accuracy of capital expenditure accounting and reporting.
- Liaise with internal stakeholders to ensure proper documentation and approvals are obtained for capital expenditure requests.
- Utilise financial tools and systems including Excel, Power BI, EPM, and ERP to analyse Capital Project data, prepare reports, and automate process.
- Review and improve financial processes by identifying inefficiencies and proposing automation or optimization solutions to enhance accuracy and speed.
- Validate the capital investment within the Feasibility anaylsis study.
Qualifications and Experience:
• Required: Bachelor’s degree in Accounting, Finance, or a related field.
• Preferred: Relevant certifications (e.g., CPA, CFA)
• Minimum of 3-5 years of experience.
About Us
Emarat is a multi-channel power and energy company with a much-loved network of service stations and fuel depots across Dubai and the Northern Emirates. We meet the day-to-day petrol and LPG needs of millions of people while also helping to keep the engines of Industry running with fleet solutions, aviation fuel and commercial fuel services.
The Emarat brand has earned its reputation for providing great value and high-quality products and services – which is why you can expect the expected, every time.
Our network spans right across the north of the UAE, from Dubai to Ajman, and from Fujairah to Sharjah, plus many other locations in between. Service and quality are incredibly important to us, which is why we are proud to provide our customers with high-quality fuel, lubricants, state-of-the-art car washing facilities, best-in-class terminalling, bulk fuel logistics and great franchise opportunities for ambitious businesses.
Oh, and we also serve superb freshly-ground Arabicca coffee for anybody with a taste for the real thing.
All our colleagues – from the barista to the car mechanic – are fully trained in how to deliver great customer service. We operate ethically and to the highest international and national HSE standards, making sure that employees, customers and business partners are happy and safe at Emarat.
About the TeamEmirates General Petroleum Corporation, Emarat, serves millions of customers across Dubai and the Northern Emirates and Dubai with great value, high-quality fuel at modern service stations. We serve the nation’s businesses across multiple industries, including hospitality, construction, aviation and real estate with a wide range of commercial fuels and lubricants.
In addition, we distribute to our residential customers from our LPG bottling plants in the Jebel Ali Free Zone and our new distribution centre in Al Qusais, ensuring that residents across Dubai and further afield are never far away from a fast and reliable source of power. Through our modern, best-in-class terminals at Jebel Ali, Fujairah and Ras Al Khaimah, we lease the latest, high-quality fuel storage and distribution facilities.
Across the entire Emarat network, from our service stations, terminals and to your doorstep, everything we do is driven by customer happiness.
We always provide service with a smile.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- Relevant certifications (e.g., CPA, CFA)
- Minimum of 3-5 years of experience
What We Do
Emarat is a Federal Government Corporation which was established in 1980 by the UAE government to market and distribute petroleum products but has expanded immensely to supply a wide range of allied products and services. We are committed to Making Life Better for our customers by efficiently and conveniently delivering the highest quality across all our facilities, both locally and internationally. We strive to be the best petroleum corporation in the Gulf region for customer service, employee commitment and return to shareholder. We do this by supporting the nation, one person at a time.
