Accountant - Oil & Gas (ID

Job description

Job Summary:

One of our clients in Abu Dhabi is looking for Accountant - Oil & Gas. The Accountant is responsible for maintaining accurate financial records, managing day-to-day accounting operations, monitoring receivables and payables, supporting cash flow management, and ensuring compliance with applicable UAE tax regulations and company financial policies. The role supports the company's oil and gas trading, procurement, supply, and service activities by providing timely financial information and ensuring proper documentation of all financial transactions.

Key Responsibilities:

• General Accounting
  • Maintain accurate accounting records and ensure proper recording of all financial transactions.
  • Prepare and post journal entries, accruals, prepayments, and adjustments.
  • Maintain the general ledger, accounts payable, accounts receivable, and fixed asset registers.
  • Perform monthly bank reconciliations and reconcile supplier and customer accounts.
  • Assist in month-end and year-end closing activities.
  • Maintain organized financial records, invoices, receipts, and supporting documents.
• Accounts Payable and Receivable
  • Process supplier invoices, purchase invoices, credit notes, and payment vouchers.
  • Verify invoices against purchase orders, delivery notes, goods received notes, and approved contracts.
  • Monitor customer payments, outstanding invoices, and overdue receivables.
  • Prepare supplier payment schedules and coordinate payment approvals.
  • Reconcile customer and supplier statements and resolve discrepancies.
  • Follow up with relevant departments regarding pending invoices and payment documentation.
• Oil & Gas Trading and Project Accounting
  • Record and monitor transactions relating to oil and gas products, equipment, materials, and services.
  • Track purchase costs, sales revenue, freight, customs duties, transportation, and other related expenses.
  • Monitor job-wise, project-wise, or contract-wise costs and profitability.
  • Reconcile inventory records with physical stock reports and warehouse documentation, where applicable.
  • Track purchase orders, sales orders, delivery documentation, and supplier/customer contracts.
  • Assist in preparing cost sheets, quotations, and gross profit analysis for trading and service activities.
  • Monitor foreign currency transactions and record exchange differences where applicable.
• VAT and UAE Tax Compliance
  • Assist in preparing and filing UAE VAT returns in accordance with applicable regulations.
  • Verify tax invoices and ensure proper VAT treatment of purchases and sales.
  • Maintain supporting documents for VAT returns and tax audits.
  • Assist with corporate tax calculations, reconciliations, and compliance requirements.
• Financial Reporting and Cash Flow
  • Prepare monthly financial reports, including profit and loss statements, balance sheets, and cash flow summaries.
  • Monitor cash balances, bank transactions, and upcoming financial commitments.

Requirements:

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional qualifications such as ACCA, CMA, CPA, or equivalent are an advantage.
• Minimum 3–5 years of relevant accounting experience; experience in oil and gas, trading, procurement, or industrial supply is preferred.

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