Senior Accountant - Oil Trading

Tura Executive; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

A leading organization in energy/oil trading seeks a Senior Accountant to oversee financial operations. The successful candidate will manage financial reporting, compliance, and provide leadership in a dynamic environment. This role requires strong analytical skills and a commitment to financial excellence, with opportunities for career growth in Dubai's thriving commodities sector.

Benefits

Competitive salary and benefits package

Opportunity to work in a fast-growing commodities hub

Collaborative and professional work environment

Qualifications

• 5-8+ years of experience in accounting, preferably in energy/oil or commodities.
• Strong knowledge of tax regulations in UAE and internationally.
• Experience working with financial reporting tools.

Responsibilities

• Prepare and analyze financial statements and cash flow statements.
• Manage company cash flow and ensure liquidity.
• Prepare and file tax and VAT returns in a timely manner.

Skills

Technical Expertise

Leadership

Problem-Solving

Time Management

Education

Bachelor’s degree in Accounting, Finance, or related field

CPA, ACCA, CMA

Tools

ERP systems (BC, Aspect)

Excel

Power BI

Job description

Senior Accountant – Oil Trading

Our client is a leading organization in the energy/oil trading sector, dedicated to financial excellence and strategic growth. We are looking for a highly skilled Senior Accountant to manage and oversee our financial operations, ensuring compliance, accuracy, and efficiency in reporting.

Role Overview

The Senior Accountant will be responsible for financial management, treasury operations, compliance, auditing, tax responsibilities, and accounting system optimization. This role requires strong analytical skills, leadership capabilities, and the ability to drive financial strategy while ensuring compliance with regulations.

Key Responsibilities:

Financial Management

• Prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements for all group entities.
• Oversee accounts payable and receivable processes.
• Reconcile account balances and bank statements.
• Develop and monitor budgets, forecasts, and financial projections.

Treasury Management

• Manage company cash flow, ensuring accurate financial records and optimizing liquidity.
• Prepare and handle treasury reports such as daily cash position reports and monthly cash projections.
• Assess cash flow positions, borrowing needs, and available funds for daily operations.
• Ensure sufficient funds for operational and capital requirements.
• Monitor and report on foreign currency exposure.
• Oversee bank service fees and resolve quality issues.
• Ensure all bank transactions are accurately recorded in the system (BC).

Compliance & Auditing

• Ensure adherence to Generally Accepted Accounting Principles (GAAP).
• Assist with internal and external audits by preparing necessary documentation.
• Document and monitor internal controls to meet audit requirements.

Tax Responsibilities

• Prepare and file tax and VAT returns/claims in a timely manner.
• Ensure compliance with tax laws and regulations across multiple jurisdictions.
• Develop and implement tax planning strategies to optimize the company's tax position.
• Liaise with tax authorities and external consultants as required.
• Monitor and document transfer pricing policies for intercompany transactions.
• Assist with tax audits and respond to inquiries from tax authorities.

Systems & Process Optimization

• Review and recommend improvements to accounting systems (BC) and linked systems (Aspect).
• Utilize advanced Excel, databases, and Power BI for financial reporting and analysis.

Team Leadership

• Review entries, reports, and documentation prepared by team members for accuracy.
• Provide guidance and mentorship to junior accounting staff.

Key Skills & Competencies:

1. Technical Expertise – Strong knowledge of accounting principles, tax laws, and compliance requirements.
2. Leadership – Ability to lead teams and foster a collaborative working environment.
3. Problem-Solving – Analytical mindset to identify financial issues and recommend actionable solutions.
4. Time Management – Ability to prioritize tasks effectively in a fast-paced environment.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification (e.g., CPA, ACCA, CMA) preferred.
• 5-8+ years of experience in an accounting role, preferably in the energy/oil or commodities sector.
• Experience working with ERP systems (BC, Aspect**) and financial reporting tools.
• Strong knowledge of tax regulations and compliance standards in the UAE and international jurisdictions.

Why Join?

• Work in a dynamic and fast-growing company in the energy sector.
• Competitive salary and benefits package.
• Opportunity to work in Dubai, fast growing commodities hub.
• Collaborative and professional work environment.

If you are a highly motivated Senior Accountant with a passion for financial excellence, we encourage you to apply.