Management Accountant

Brief about company : Mazrui International - A diversified holding group with businesses across different industries such as Trading, Distribution, Construction, Real Estate, Oil & Gas/Oilfield Services, Financial Investments, Retail, Hospitality, Education etc. This role will be part of oil and gas/oilfield services division.

Job Title : Management Accountant

Reporting to : Business Unit Finance Manager (BUFM)

Brief about the role : Management Accountant will be part of oil and gas/oilfield services division. This role will mainly revolve around Management Reporting, Dashboards, Month-end closing, VAT (Value Added Tax), IFRS, Revenue Recognition, Incoterms/International Commercial Terms, ICV (In-Country Valuation registration/certification pertaining to ADNOC). This is not a typical accounting role but more focused on reporting/financial analysis.

Job Purpose : The key purpose of this function is to prepare, develop and analyse management accounting information including effective delivery of statutory accounts and monthly management reports. To support the Finance Manager role (BUFM) on performing delegated duties and responsibilities of finance procedures, performance delivery and management controls. As well of supporting business management with ad-hoc financial information and administrative processes.

Key Responsibilities/Duties :

• Finance and Accounting Services: Act as first point of contact and liaise with GL Team in the Group Accounting Services, to ensure that accurate Financial and Accounting records are maintained.
• Review / update Month-end Financial Report.
• Review of month end file produced by Group Accounting Services; highlight issues to BUFM and coordinate with operations and GAS team to resolve issues on a timely manner.
• Coordinate with Operations and Group Accounting Services for conducting physical verification of assets.
• Ensure additions, disposals and impairments are approved as per policy for the Treatment of Fixed Assets.
• Maintaining the Tax routines as defined by the group policy.

To work in coordination with the BUFM to:

• Generate Reports related to Financial Reports in Discoverer & Hyperion, SWAN, POWER BI & review with BUFM.
• Assist in Preparation of monthly Dashboard Reports (MINT).
• Run and review the standard periodic performance reports; assist BUFM in preparing nonstandard periodic and ad-hoc management reports.
• Assist BUFM in implementing approved Policies & Procedures.
• Prepare Business and Financial Planning, including filling up various budget templates.
• Prepare Financial Forecasting including periodic and ad-hoc financial forecasts.
• Prepare three months rolling Cash Flows forecast briefing BUFM of any issues.
• Assist BUFM in coordinating with Auditors.
• Prepare Capex and Investment forms for review of BUFM.
• Assist BUFM in verification of Inventory Purchase Orders.

Support the BUFM on the Working Capital Management activities:

• Accounts Receivable: Review completeness of customer credit application forms.
• Accounts Payable: Coordinate with payables team under GAS to resolve any open issues.
• Work in Process & Inventory: Ensure review process is carried out by Operations periodically.
• Ensure guarantee and letter of credit applications are filled up correctly.

Ensure the accurate and timely Financial Transactions such as:

• Petty Cash Payments: Verify that payments are made from petty cash in accordance with approved policies.
• Travel & other business expenses: Verify that payments are made/expenses are incurred in accordance with approved policies.
• Costing of inventory: Ensure that application of landed cost is correctly done.
• Open PO and SO: Review open purchase and sales orders.
• Customer acceptance: Carry out periodic checks to ensure that revenue and COGS are recognised correctly.

Ability & Skills :

• Expertise in ERP Oracle.
• Expertise in MS Office.
• Knowledge in reporting tools, such as Power BI / Tableaux / Hyperion.
• Experience in working collaboratively and constructively at all levels.
• Good people and diplomacy skills.
• Driven and pro-active with a focus on adding value.
• Excellent communication skills (written and verbal).
• Analytical.
• Decisive.
• A strong team player.
• High standards of ethics, professionalism, and respect for all employees.

Experience :

• 2 to 5 years' experience in finance roles preferably in financial analysis, reporting along with exposure to AP/AR.
• Experience in Oil and Gas/Oilfield services industry will be highly preferred.

Academic Qualifications :

• Professional Accounting Certifications from CA, ACCA, CMA, CPA will be highly preferred.
• Bachelor’s and Master's degree in commerce & Accounting can also be considered depending on the experience.

Desired Candidate Profile : Due to urgency, candidates who are available to join immediately are highly preferred for this role.

Please apply by attaching your CV only if you have relevant experience and qualifications.

Due to high volume of applications, only shortlisted candidates will be contacted.