Senior Financial Accountant

TEAM Energy Resources Limited; Dubai; On-site; AED 180,000 - 250,000; Full time

Job summary

A leading energy company based in Dubai is seeking a seasoned accounting professional to ensure compliance with IFRS and manage VAT responsibilities. The ideal candidate has over 10 years of experience in accounting, particularly within the Oil and Gas sector, and holds a relevant degree along with a professional qualification such as CPA, CA, or ACCA. This role involves overseeing all accounting functions and coordinating with external auditors.

Qualifications

• 10 years of general accounting experience, preferably in the Oil and Gas industry.
• 5 years of experience in UAE VAT Laws, including VAT Return and Refund preparation.
• Strong background in developing accounting policies and procedures.

Responsibilities

• Prepare and post journal entries and account reconciliations.
• Ensure reports are prepared accurately according to IFRS and regulations.
• Oversee maintenance of supplier master data in Oracle ERP.

Skills

Financial reporting

VAT compliance

Oracle ERP

Regulatory compliance

Accounting policies development

Education

Bachelor’s degree in Accounting

Professional Qualification (CPA, CA, or ACCA)

Job description

Overview

To perform and ensure the accuracy and compliance of the company’s accounting activities, including IFRS-based reporting, VAT compliance, development and implementation of accounting policies and finance policies and procedures, coordination with external auditors, support in treasury function and insurance related requirements.

Responsibilities

• Prepare and post journal entries, monthly accruals and account reconciliations across all accounting sections.
• Ensure that the above reports are prepared accurately in accordance with DPE and DUSUP Accounting Policies / IFRS and Regulations and submitted within established deadlines.
• Assist the General Accounting Lead in VAT related responsibilities, including but not limited to VAT Reconciliation, and VAT Return and VAT Refund Form Preparation.
• Oversee updates and maintenance of supplier master data in Oracle ERP System, ensuring accuracy, completeness, and compliance with Policies.

Experience

• Minimum 10 years of general accounting experience, preferably in Oil and Gas industry, with significant portion of time in a supervisory or team lead capacity.
• Minimum 10 years of experience in preparing financial reports, financial statements, technical accounting memos, and exposure to external audit processes, with extensive knowledge in IFRS.
• Minimum 5 years of experience in UAE VAT Laws, including preparation of VAT Return, VAT Refund, Tax Treatment Assessment, and in-depth knowledge of regulations and compliance requirements.
• Strong background in developing and implementing accounting policies, procedures, and controls to ensure regulatory compliance and mitigate financial risks.

Qualifications

• Bachelor’s degree in Accounting, Finance or a related field is required.
• Professional Qualification, CPA, CA or ACCA is required.