Finance Team Lead (UAEN)

The ideal candidate will be responsible to lead and supervise the day-to-day finance and accounting function including but not limited to accounts payable, accounts receivable, treasury, audit and taxes (VAT and Corporate Tax).

Accounts Payable, Accounts Receivable and Treasury

Review and approve supplier invoices in Maximo system as per terms of the contract/PO and facilitate timely payments to suppliers.

Oversee and manage the weekly interface between Maximo and Sun System in a timely manner.

Review weekly batch payments including cheques and wire-transfers. Verify the accuracy and supporting documentation prior to Management approval.

Regular review, report and follow up on outstanding creditor balances, supplier statements and liaise with suppliers for dispute resolution.

Review monthly revenue invoices and ensure compliance with revenue contracts.

Ensure receipts are recorded in a timely manner.

Oversee the treasury function. Ensure all bank transactions are recorded on a timely basis. Review bank reconciliations and scrutinize and clear reconciling items.

Review and approve the monthly cash call projection and ensure payments are within the acceptable limits of the monthly projection.

Monthly Closing and Reporting

Record and review month-end accruals and ensure accruals are aligned with monthly cost projection.

Ensure financial integrity by conducting complete GL review and internal controls check as part of monthly closing activity.

Responsible for end-to-end month end close by ensuring all tasks are completed as per schedule.

Review monthly balance sheet reconciliations and ageing of receivables.

Review and maintain the fixed asset register (FAR) and reconcile with the ledger.

Review monthly/quarterly asset capitalization and depreciation calculation and recording.

Perform essential reporting and analysis by designing, implementing, and producing monthly and quarterly Management reports.

Audit, Taxes and Other Ad-hoc

Support audit requirements both internal and external by providing required information to auditors and providing assistance to the team as and when required during the audit.

Liaise with team members/other departments to ensure availability of information required by the auditors.

Prepare the yearly Management Accounts and Financial Statements.

Lead the Tax compliance including computation of liability, return filling and refunds on quarterly basis.

Oversee and manage all VAT and other tax related issues.

Oversee and manage routine functional activities and supervise the work of the Accountants.

Liaise with banks for day to day matters.

Support the Financial Controller and Management on other ad-hoc requirements.

Qualification and Skills

Must be a qualified professional accountant ACCA

Proficient with using Microsoft Office applications, particularly Excel and Word

Strong knowledge and experience with UAE VAT regulations

Strong IFRS knowledge

Proven ability to work against tough deadlines in a challenging environment

Excellent communication and interpersonal skills with the ability to communicate at all levels with both financial and non-financial personnel

Experience

Minimum of 13-15 years of overall experience preferably in the Oil & Gas Industry

Minimum of 3-5 years of experience in leading and supervising a team

Experience in using Maximo and Sun System preferred