Finance Team Lead
6 months ago
**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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