Associate - Financial Reporting, Fixed Assets & Inventory

Shamal Holding; Dubai; On-site; AED 320,000 - 520,000; Full time

Job summary

Shamal Holding in Dubai seeks an Associate - Financial Reporting, Fixed Assets & Inventory to ensure accurate accounting for fixed assets and inventory, and to support IFRS reporting. You will maintain asset registers, run reconciliations, oversee period-end closes and provide variance commentary.

The role requires at least five years' experience and a professional qualification in accounting. Join a diversified investment firm and contribute to robust financial reporting with strong internal

Qualifications

• Minimum 5 years of fixed asset accounting, inventory accounting or financial reporting experience.
• Strong IFRS knowledge and balance sheet reconciliations.
• Experience with period-end close and reporting schedules.
• Proficiency in Excel; experience with Dynamics 365 is preferred.

Responsibilities

• Maintain fixed asset register with additions, capitalization, transfers, disposals and depreciation.
• Maintain complete and accurate inventory balances with proper documentation and reconciliations.
• Support monthly, quarterly and annual close with journals, reconciliations and variance commentary.
• Ensure IFRS compliance and internal control requirements.

Skills

IFRS knowledge

Advanced Excel

Balance sheet reconciliations

Education

Bachelor's degree in Accounting/Finance or related field

ACCA/ACA/CPA/CMA or equivalent

Tools

Microsoft Dynamics 365

Job description

Shamal Holding is a diversified investment firm that cultivates the extraordinary. 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.

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.

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.

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.
• Ensure assigned accounting activities comply with IFRS and internal control requirements.

Requirements:

• 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