Associate - Financial Reporting, Fixed Assets & Inventory

Shamal LLC; Dubai; On-site; AED 250,000 - 350,000; Full time

Job summary

Shamal Holding seeks an Associate – Financial Reporting, Fixed Assets & Inventory to ensure accurate, complete and timely accounting for fixed assets and inventory. You will support period-end close, balance sheet integrity and IFRS-compliant reporting, driving improvements in controls and processes.

You will work to safeguard assets, prepare schedules, and assist with audits, providing clear analysis to enable informed decisions and compliance with company policies.

Qualifications

• IFRS knowledge and solid accounting principles.
• Advanced Microsoft Excel skills and data analysis.
• Experience with fixed assets, inventories and financial reporting processes.

Responsibilities

• Maintain fixed asset register with additions, capitalization, disposals and depreciation.
• Review Capital Work in Progress balances and capitalization or clearance.
• Provide fixed asset reconciliations, movement schedules and variance analysis.
• Safeguard assets via controls, tagging and investigations of variances.
• Prepare depreciation budgets and forecasts with clear analysis.
• Maintain accurate inventory balances, classifications and supporting docs.
• Perform physical counts, reconcile sub-ledgers and GL with minimal variances.
• Provide inventory ageing insights and adjustments for period-end reporting.
• Support monthly/quarterly/annual close with journals, reconciliations and commentary.
• Assist standalone and consolidated financial statements and reporting packs.
• Maintain balance sheet substantiation and clear intercompany items.
• Support audits and respond to queries to expedite closure.
• Ensure IFRS compliance and adherence to policies and controls.
• Improve fixed asset, inventory and reporting processes through standardization and automation.

Skills

IFRS knowledge

Excel proficiency

Education

Bachelor’s degree in Accounting or Finance

Professional accounting qualification (ACCA/ACA/CPA/CMA)

Tools

Microsoft Dynamics 365

Fixed asset management systems

Microsoft Excel (advanced)

Job description

Overview

Shamal Holding is a diversified investment firm that cultivates the extraordinary. Born in Dubai, we curate a unique portfolio of extraordinary investments, experiences and assets to generate meaningful outcomes. The investments we make are strategically chosen and thoughtfully nurtured, mirroring Dubai’s ambition, spirit and energy. As a global investor, asset owner and developer we utilise our resources, know-how and connections, to deliver long-term value, wherever we operate. Our portfolio spans Lifestyle & Entertainment, Destinations, Real Estate, Hospitality, and F&B, including Skydive Dubai, Deep Dive Dubai, XDubai, Dubai Harbour, Kite Beach and more.

As Shamal Holding continues to grow, we’re in search of an Associate – Financial Reporting, Fixed Assets & Inventory. In this role you will ensure accurate, complete and timely accounting and reporting for fixed assets and inventory. The role maintains reliable financial records, supports effective period-end close and planning, strengthens controls, and provides clear analysis that enables informed financial decisions and compliance with applicable accounting standards and company policies.

Responsibilities

Fixed Assets Accounting and Control

• Maintain a complete and accurate fixed asset register, with asset additions, capitalization, transfers, disposals, retirements and depreciation recorded correctly and on time.
• Ensure Capital Work in Progress is regularly reviewed and eligible balances are capitalized or cleared promptly with appropriate support.
• Deliver reliable fixed asset reconciliations, movement schedules and variance analysis, with interface exceptions and reconciling items resolved in a timely manner.
• Safeguard company assets through effective purchase and transfer controls, accurate tagging, physical verification and timely investigation of variances.
• Provide accurate depreciation budgets and forecasts, supported by clear analysis of actual performance and emerging movements.

Inventory Accounting and Control

• Maintain complete and accurate inventory balances through effective classification, approval, reconciliation and supporting documentation.
• Ensure physical counts, sub-ledgers and the general ledger remain aligned, with variances investigated and resolved promptly.
• Provide timely insight on inventory ageing, slow-moving and obsolete items, enabling appropriate business action and accounting treatment.
• Deliver accurate inventory adjustments, schedules and movement analysis for period-end reporting and audit requirements.

Financial Reporting, Compliance and Improvement

• Contribute to an accurate and timely monthly, quarterly and annual close through well-supported journals, reconciliations, schedules and variance commentary.
• Support reliable standalone and consolidated financial statements, disclosures, reporting packs, budgeting and forecasting with accurate financial information.
• Maintain substantiated balance sheet accounts and ensure aged, unusual or intercompany reconciling items are investigated and cleared.
• Enable efficient audit completion by providing complete support, responding promptly to queries and coordinating closure of requests.
• Ensure assigned accounting activities comply with IFRS, group policies, delegation of authority and internal control requirements.
• Improve the efficiency, consistency and control of fixed asset, inventory and reporting processes through standardization, automation and timely issue resolution.

Qualifications

• Minimum 5 years of relevant experience in fixed asset accounting, inventory accounting, general ledger or financial reporting.
• Experience with period-end close, balance sheet reconciliations, audit support and preparation of financial reporting schedules.
• Working knowledge of IFRS, particularly requirements relevant to property, plant and equipment, inventories and financial statement presentation.
• Experience with Microsoft Dynamics 365, fixed asset management systems and advanced Microsoft Excel is preferred.
• Bachelor’s degree in Accounting, Finance or a related discipline.
• Professional accounting qualification which includes ACCA, ACA, CPA, CMA or an equivalent qualification

For more information about Shamal, please visit our LinkedIn page: https://www.linkedin.com/company/shamalholding/

Note:

Due to a high influx of profiles, only shortlisted candidates will be contacted.