Vacancy Number: 2265

Department/Unit: Finance / Financial Controls

Date of Issuance: June 5, 2025

Deadline of Applications: July 4, 2025

Required Languages: English

Contract Type: Fixed Term Contract

Grade: Professional

Job Category: F

Recruitment Status: International

Contract Duration: Two-year fixed term appointment, with the possibility of renewal

Job Profile

The Accountant is responsible for maintaining the Fund’s general ledger accounts, all in accordance with the institutional procedures and accounting framework, to ensure all financial transactions are reconciled and posted, in conformity with applicable accounting principles and financial reporting standards.

Duties and Responsibilities

Accounting

Maintains the OPEC Fund’s accounting records and balances of general ledger accounts in accordance with International Financial Reporting Standards (IFRS) and other accounting principles
Supports the internal and external audit processes
Identifies improvement opportunities and resolve emerging issues in all areas of accounting, reporting, internal controls and compensation

Reporting

Ensures uniformity and consistency in recording and reporting transactions
Prepares schedules, analysis, summaries and reports in support of the quarterly financial reports and as may be requested on an ad-hoc basis
Coordinates the reconciliation of general ledger balances for financial reporting purposes, specifically to the assigned area and liaise with other internal counterparties and stakeholders
Reviews and updates the accounting systems manual and participate in the implementation of enhancement to existing and/or new IT financial systems

Monitoring and review

Monitors financial postings and compliance, using as a reference the approved manuals, procedures and guidelines of the accounting framework

Recommendations

Develops suggestions and provides guidance on complex accounting, reporting, internal controls, and compensation matters that may not be fully addressed by existing standards or practices.
Supports the review and analysis of relevant issues, contributing to evaluations and offering potential recommendations for Management’s consideration

Stakeholder management and engagement

Works together with the Senior Accountant and other staff in the Accounting Function as well as with other areas responsible for maintaining financial system sub-ledgers
Prioritizes the work to ensure the achievement of reporting objectives in a timely, accurate and efficient manner

Carries out other tasks assigned by the Director, Financial Controls, that are related to the job function.

Qualifications and Experience

Master’s degree in Accounting, Business Administration, Financial Management or other related field
A recognized accounting certification such as ACCA is an advantage
Minimum of five (5) years relevant professional experience, of which at least two (2) years should have been in an international environment and/or international financial institution
Technical expertise in financial accounting, with solid knowledge of IFRS and hands-on experience in corporate accounting and financial reporting.
Proficient in executing operational tasks within SAP ERP, specifically in FI/CO and MM modules
Proficiency in Microsoft Office suite, including Word, Excel and PowerPoint.
Fluent in English. Good working knowledge of Arabic, French, German or Spanish is an added advantage.

Competencies

Collaboration and Teamwork - The ability to effectively work with colleagues, stakeholders and partners to achieve shared goals.
Customer Centricity - The ability to focus on comprehending and addressing customer needs; consistently deliver exceptional service and foster strong, lasting customer relationships.
Decision making - The ability to analyze information comprehensively to make well-informed decisions; assess both immediate and long-term ramifications.
Effective Planning and Follow Up - The ability to set clear goals and priorities; skillfully organize tasks for efficiency; consistently follow through on commitments and plans.
Problem Solving Ability - The ability to identify issues adeptly, delve into root causes, and devise pragmatic solutions; demonstrate ingenuity and resourcefulness in overcoming challenges.