Home Qatar IFRS Lead

Home Qatar IFRS Lead

IFRS Lead

Full time at Qatar Energy LNG in Qatar
Posted on December 15, 2024

Job details

Job Purpose

  • Lead all aspects of technical accounting including International Financial Reporting Standards (IFRS) compliance and providing guidance on implementing new IFRS's and amendments ensuring adherence to standards. Review annual financial statements and disclosures, and advise on accounting treatment for complex commercial transactions, while also supporting the year-end statutory audit process to ensure compliance, defend accounting positions and minimize the risk of adverse audit opinions.
Key Job Accountabilities - I
  • Lead the coordination of the year-end Statutory Financial Statements for all QatarEnergy LNG group companies, acting as the focal point on all statutory reporting matters with the external auditor, communicating effectively and ensuring compliance with reporting requirements. Oversee the year-end information requests for audit and financial statement disclosures, ensuring accuracy and timely reporting.
  • Advise and provide insights on key financial statement disclosures such as impairment, decommissioning, significant judgments, and liquidity risk to enhance the accuracy, transparency, and compliance of financial reports. Oversee all impact assessments and implementations of new and amended accounting standards, presenting outcomes to all stakeholders to ensure seamless adoption of updated financial reporting guidelines.
  • Review and further develop the technical accounting arguments to defend accounting positions in front of shareholders, internal and external audit. Ensure working papers are robust and defendable against applicable IFRS standards.
  • Provide expert insights and effective interpretation on the accounting treatment of complex transactions to comply with IFRS, recommending practical solutions, and presenting conclusions to key stakeholders. Lead comprehensive financial simulations as required to understand impact on bottom line profitability.
  • Ensure the provision of Finance input into the review, drafting and evaluation of commercial agreements that impact individual joint venture companies. Lead the collaboration with the respective F&P stakeholders to understand system capabilities of accounting for new commercial agreements, identifying gaps, and gaining alignment.
Key Job Accountabilities - II
  • Deliver internal training to F&P employees on key accounting standards applicable to QatarEnergy LNG ventures to enhance and sustain the accounting technical competency level within the organization and foster a culture of continuous learning.
  • Own the QatarEnergy LNG's Accounting Policy Manual, staying informed about current and upcoming IFRS standards and amendments, conducting periodic reviews, and updating as required. Ensure the accounting policy manual is aligned to applicable IFRS accounting standards, conducting post-update roll-out sessions.
  • Manage the accounting watchlist process, evaluating each accounting issue for risk and materiality, recommending appropriate strategies and presenting to finance management for information and decision-making. Lead and collaborate with action owners on simulating financial statement impact and ensure robust defense of accounting methodologies to auditors and shareholders.
  • Lead the development and maintenance of a standardized methodology for annual financial tests, including impairment modeling, Expected Credit Loss (ECL) modeling, calculation of discount rates used for lease modifications, impairment testing and decommissioning provisioning respectively to ensure that the organization's financial statements accurately reflect the fair value of its assets.
  • Lead the collaboration with teams across QatarEnergy LNG to develop and maintain a standardized methodology for sustainability reporting, ensuring compliance with IFRS S1 and IFRS S2.
Qualifications
  • Bachelor's degree in accounting.
  • Internationally recognized professional accounting qualification (CPA, ACA, ACCA, CIMA, etc.) is mandatory.
Knowledge and/or Experience - I
  • 10 years of experience in the oil and gas industry, of which 3 years are in supervisory roles in finance.
  • Strong commercial knowledge related to the oil and gas industry.
#J-18808-Ljbffr

Apply safely

To stay safe in your job search, information on common scams and to get free expert advice, we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organization working to combat job scams.

Share this job
See All IFRS Jobs
Feedback Feedback