One of our clients in Abu Dhabi is looking for Accountant - Oil & Gas.
The Accountant is responsible for maintaining accurate financial records, managing day-to-day accounting operations, monitoring receivables and payables, supporting cash flow management, and ensuring compliance with applicable UAE tax regulations and company financial policies.
A. General Accounting
- Maintain accurate accounting records and ensure proper recording of all financial transactions.
- Prepare and post journal entries, accruals, prepayments, and adjustments.
- Maintain the general ledger, accounts payable, accounts receivable, and fixed asset registers.
- Perform monthly bank reconciliations and reconcile supplier and customer accounts.
- Assist in month-end and year-end closing activities.
- Maintain organized financial records, invoices, receipts, and supporting documents.
B. Accounts Payable and Receivable
- Process supplier invoices, purchase invoices, credit notes, and payment vouchers.
- Verify invoices against purchase orders, delivery notes, goods received notes, and approved contracts.
- Monitor customer payments, outstanding invoices, and overdue receivables.
- Prepare supplier payment schedules and coordinate payment approvals.
- Reconcile customer and supplier statements and resolve discrepancies.
- Follow up with relevant departments regarding pending invoices and payment documentation.
C. Oil & Gas Trading and Project Accounting
- Record and monitor transactions relating to oil and gas products, equipment, materials, and services.
- Track purchase costs, sales revenue, freight, customs duties, transportation, and other related expenses.
- Monitor job-wise, project-wise, or contract-wise costs and profitability.
- Reconcile inventory records with physical stock reports and warehouse documentation, where applicable.
- Track purchase orders, sales orders, delivery documentation, and supplier/customer contracts.
- Assist in preparing cost sheets, quotations, and gross profit analysis for trading and service activities.
- Monitor foreign currency transactions and record exchange differences where applicable.
D. VAT and UAE Tax Compliance
- Assist in preparing and filing UAE VAT returns in accordance with applicable regulations.
- Verify tax invoices and ensure proper VAT treatment of purchases and sales.
- Maintain supporting documents for VAT returns and tax audits.
- Assist with corporate tax calculations, reconciliations, and compliance requirements.
E. Financial Reporting and Cash Flow
- Prepare monthly financial reports, including profit and loss statements, balance sheets, and cash flow summaries.
- Monitor cash balances, bank transactions, and upcoming financial commitments.
Qualification:
- Bachelor's degree in Accounting, Finance, or a related field.
- Professional qualifications such as ACCA, CMA, CPA, or equivalent are an advantage.
- Minimum 3–5 years of relevant accounting experience; experience in oil and gas, trading, procurement, or industrial supply is preferred.
