Finance Team Lead

6 months ago


Sharjah, United Arab Emirates The Rekruiters Full time

**Job Description/ Responsibilities**
- 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

∙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

**Salary**: Up to AED45,000.00 per month


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