Accounting / Finance

Financial Control and Reporting Specialist Full Time

Financial Control and Reporting Specialist Jobs in Sharjah, UAE

Job Description: 

MAJOR FUNCTIONS

We are seeking a detail-oriented and experienced Financial Control and Reporting Specialist to join our accounting and reporting team. This role is crucial for ensuring the integrity of our financial records, overseeing the book-closing process, and delivering accurate and timely financial reports. The ideal candidate will have a strong background in financial control, reporting within the Oil and Gas industry, and a deep understanding of accounting principles and regulatory compliance.

Key Responsibilities:

  • Financial Control:
    • Oversee and manage the financial control processes to ensure accuracy, completeness, and timeliness of financial data.
    • Develop and enforce internal controls and accounting policies to safeguard company assets and ensure compliance with relevant regulations.
    • Perform regular reviews of financial transactions and reconciliations to identify and address discrepancies or issues.
  • Book Closing:
    • Lead the month-end, quarter-end, and year-end closing processes, ensuring all financial transactions are recorded accurately and in accordance with accounting standards.
    • Coordinate with various departments to gather necessary information and documentation for book closing activities.
    • Prepare and review journal entries, account reconciliations, and financial statements to ensure accuracy and completeness.
  • Treasury Management:
    • Cash Flow Management: Monitor and manage daily cash flow to ensure sufficient liquidity for operational needs and investments.
    • Treasury Reporting: Prepare and analyze reports on cash positions, forecasts, and investment performance for management review.
    • Compliance and Controls: Ensure compliance with internal policies and regulatory requirements related to treasury activities and financial transactions.
    • Treasury Systems: Utilize and manage treasury management systems to streamline processes and enhance reporting accuracy and efficiency.
  • Financial Reporting:
    • Prepare and present timely and accurate financial reports, including monthly, quarterly, and annual financial statements and performance metrics.
    • Analyze financial data and trends to provide insights and recommendations for financial performance improvement.
    • Ensure that financial reports comply with regulatory requirements, industry standards, and company policies.
  • Compliance and Documentation:
    • Maintain up-to-date knowledge of accounting standards, regulations, and industry best practices to ensure compliance.
    • Assist with internal and external audits by providing necessary documentation and explanations.
    • Develop and maintain comprehensive documentation for financial processes and procedures.
  • Digital initiatives and General Support:
    • Driving the automation in various routine and adhoc reporting (using latest technology)
    • Provide support to the finance team in ad-hoc financial analysis, reporting, and project-based tasks.
    • Collaborate with other departments to facilitate accurate financial reporting and analysis.
    • Stay current with industry trends and changes in accounting standards that may impact the company’s financial reporting.

Minimum Educational, Technical Qualifications/Certifications Required

  • Degree in accounting (Bachelors/Masters) and
  • Professional Accounting qualification: CA / ACCA or equivalent qualification
  • IFRS proficiency (including certifications thereon)
  • Strong knowledge of SAP
  • Advanced skills in MS Office applications
  • Proficient in data visualization tools (Power BI preferred)
  • Bilingual capabilities preferred (English & Arabic)

Minimum Professional Experience Required

  • Qualified CA or ACCA with 6 to 8 years’ experience, preferably in Oil and Gas industry
  • Should have worked in a supervisory role managing a team of 2-5 people
  • Trainee from BIG 4 audit firms preferable
  • Bachelor’s degree in accounting and
  • Professional Accounting qualification: CA / ACCA or equivalent qualification
  • 5+ years of experience in financial control, book closing, and reporting, preferably in the Oil and Gas industry.
  • Strong knowledge of accounting principles, financial reporting, and regulatory compliance.
  • Proficiency in SAP Modules (such as FICO, MM, PS, BPC) and advanced Excel skills.
  • Excellent analytical skills with a keen eye for detail and accuracy.
  • Strong organizational and time-management skills, with the ability to manage multiple tasks and meet deadlines.
  • Effective communication skills and the ability to work collaboratively with cross-functional teams.

Job Overview