Accountant Full Time

Role Purpose:

To perform and maintain assigned customer relation and records and accounts in the receivables function and execute Letter of credits for procurement in order to ensure timely recording and accurate completeness of transactions in line with EMARAT’s polices and procedure and professional accounting standards.
1. Trade Finance

• Preparing letters of credits for purchase of fuel and other products based on request from Supply and Logistic Department and as per corporation’s internal procedures.
• Liaise with Bank Trade Finance Team for Letter of Credit opening and amendments thereafter, if any.
• Monitoring the letter of credit commission charged by the bank, preparing a statement of the charges for submission as required for costing of product and other purposes.
• Co-ordination with the bank and internally with payables to ensure that the payment for the Letter of credit is done on due date by submitting the invoices and bank advices for processing the payment.

2. Invoicing

• Perform Card related invoicing in the relevant month and liaise with IT and other departments in case of any system errors or other clarifications required which is delaying the invoicing.
• Resolve various customer related issues from Safeer Card Unit with regard to reconciliation of accounts, refunding customer, credit notes, checking reports matches with the ledger with regard to cards revalued at H.O.
•  Reconcile Atrium Customer Accounts before processing any refund, Inter Company Accounts and main (assigned) ledger accounts. Resolve all discrepancies encountered during reconciliation and taking corrective actions.

3. Joint Venture Invoicing

• Run and generate Emojet Airlines Invoice interface twice a month.
• Reconcile and ensure that the amount receivable from Airline companies and amount payable to Emojet matches.
• Generate and review the EMDAD interface report and ensure proper and timely and accurately invoicing to Emojet.

4.Credit Cards

• Reconcile credit card transaction with credit card service provider’s reports
• Notify the differences to Safeer Card and ensure that they are addressed in timely manner.
• Liaising with the Service Provider wherever clarifications are needed.

5. Reporting

• Preparing MIS reports for Trade Finance related to product purchases, payments and, outstanding letter of credits etc.
• Monitoring the above information and submitting the same to Line Manager to aid in the decision making for cash flow purposes.
• Provide various schedules, reports and support to Auditors. Discrepancies and queries raised by Auditors are resolved.

6. Stakeholder Relation

• Deals with account queries of customers, resolving issues that could prevent timely collection
• Establishes and maintains effective relationships with external parties (e.g. Bankers, Customers trading counterparties, etc.) required to meet EMARAT’s business and operational objectives
• Works effectively, proactively and with urgency across EMARAT and externally to ensure the delivery of joint services/results that meet EMARAT’s interests, and for knowledge sharing

QUALIFICATIONS / REQUIREMENTS

Education: 

• Education: Bachelor’s Degree in Finance or Accounting
• Experience: A minimum of 3 years’ experience within Finance or Accounting in a similar role / Experience in the Oil & Gas Industry preferred
• Knowledge:

1. Good knowledge of Accounting Receivables and customers account management, and financial policies and procedures
2. Good and working knowledge of Trade Finance, letter of credits etc.
3. Understanding of financial management principles
4. Knowledge of regulatory rules and regulations in relation to financial practice and law