Overview Shamal Holding is a diversified investment firm that cultivates the extraordinary. Born in Dubai, we curate a unique portfolio of extraordinary investments, experiences and assets to generate meaningful outcomes. The investments we make are strategically chosen and thoughtfully nurtured, mirroring Dubai’s ambition, spirit and energy. As a global investor, asset owner and developer we utilise our resources, know-how and connections, to deliver long-term value, wherever we operate. Our portfolio spans Lifestyle & Entertainment, Destinations, Real Estate, Hospitality, and F&B, including Skydive Dubai, Deep Dive Dubai, XDubai, Dubai Harbour, Kite Beach and more.
As Shamal Holding continues to grow, we’re in search of an Associate – Financial Reporting, Fixed Assets & Inventory. In this role you will ensure accurate, complete and timely accounting and reporting for fixed assets and inventory. The role maintains reliable financial records, supports effective period-end close and planning, strengthens controls, and provides clear analysis that enables informed financial decisions and compliance with applicable accounting standards and company policies.
Responsibilities Fixed Assets Accounting and Control
- Maintain a complete and accurate fixed asset register, with asset additions, capitalization, transfers, disposals, retirements and depreciation recorded correctly and on time.
- Ensure Capital Work in Progress is regularly reviewed and eligible balances are capitalized or cleared promptly with appropriate support.
- Deliver reliable fixed asset reconciliations, movement schedules and variance analysis, with interface exceptions and reconciling items resolved in a timely manner.
- Safeguard company assets through effective purchase and transfer controls, accurate tagging, physical verification and timely investigation of variances.
- Provide accurate depreciation budgets and forecasts, supported by clear analysis of actual performance and emerging movements.
Inventory Accounting and Control
- Maintain complete and accurate inventory balances through effective classification, approval, reconciliation and supporting documentation.
- Ensure physical counts, sub-ledgers and the general ledger remain aligned, with variances investigated and resolved promptly.
- Provide timely insight on inventory ageing, slow-moving and obsolete items, enabling appropriate business action and accounting treatment.
- Deliver accurate inventory adjustments, schedules and movement analysis for period-end reporting and audit requirements.
Financial Reporting, Compliance and Improvement
- Contribute to an accurate and timely monthly, quarterly and annual close through well-supported journals, reconciliations, schedules and variance commentary.
- Support reliable standalone and consolidated financial statements, disclosures, reporting packs, budgeting and forecasting with accurate financial information.
- Maintain substantiated balance sheet accounts and ensure aged, unusual or intercompany reconciling items are investigated and cleared.
- Enable efficient audit completion by providing complete support, responding promptly to queries and coordinating closure of requests.
- Ensure assigned accounting activities comply with IFRS, group policies, delegation of authority and internal control requirements.
- Improve the efficiency, consistency and control of fixed asset, inventory and reporting processes through standardization, automation and timely issue resolution.
Qualifications - Minimum 5 years of relevant experience in fixed asset accounting, inventory accounting, general ledger or financial reporting.
- Experience with period-end close, balance sheet reconciliations, audit support and preparation of financial reporting schedules.
- Working knowledge of IFRS, particularly requirements relevant to property, plant and equipment, inventories and financial statement presentation.
- Experience with Microsoft Dynamics 365, fixed asset management systems and advanced Microsoft Excel is preferred.
- Bachelor’s degree in Accounting, Finance or a related discipline.
- Professional accounting qualification which includes ACCA, ACA, CPA, CMA or an equivalent qualification
For more information about Shamal, please visit our LinkedIn page:
Note:
Due to a high influx of profiles, only shortlisted candidates will be contacted.
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