Accountant - Accounts Receivable

Reposted 8 Days Ago
Be an Early Applicant
2 Locations
In-Office or Remote
Mid level
Energy • Renewable Energy
The Role
The role involves preparing financial statements, managing accounts receivable, ensuring compliance with regulations, conducting financial analysis, and providing insights for operational efficiency.
Summary Generated by Built In

The purpose of the role is to act as a business partner in managing financial records and ensuring compliance with relevant regulations, while delivering precise financial reporting that supports informed decision-making and operational efficiency across Emarat.

Key Responsibilities:

  • Prepare and present accurate financial statements, including balance sheets and income statements, ensuring compliance with IFRS and local regulations.
  • Maintain and reconcile general ledger accounts, ensuring all transactions are accurately recorded and discrepancies are promptly addressed.
  • Process and verify a high volume of vendor invoices through a three-way match (invoice, purchase order, and receiving report), and manage payment schedules to ensure timely vendor payments.
  • Assist in the preparation of annual budgets and financial forecasts, analyzing variances and providing actionable insights for management decision-making.
  • Ensure compliance with local tax regulations by preparing and filing tax returns accurately and on time, while maintaining proper documentation.
  • Assist in internal and external audits by providing necessary documentation and explanations, ensuring adherence to financial policies and procedures.
  • Conduct financial analysis to identify trends, variances, and opportunities for cost savings, delivering actionable recommendations to management.
  • Monitor cash flow and prepare cash flow forecasts to ensure sufficient liquidity for operational needs and strategic initiatives.
  • Review and approve employee expense reports, ensuring compliance with company policies and accurate recording in the financial system.
  • Contribute to the development and implementation of financial policies and procedures to enhance operational efficiency and compliance.
  • Provide training and support to junior accounting staff, fostering a collaborative and knowledgeable team environment.
  • Serve as the primary point of contact for vendor inquiries regarding payment status and discrepancies, ensuring a smooth communication process.
  • Identify opportunities to streamline accounts payable processes and improve operational efficiency while ensuring all transactions adhere to internal controls and relevant regulations, including UAE VAT laws.
  • Collaborate with various departments to provide financial insights and support for operational decision-making, ensuring alignment with organizational goals.

Education & Experience:

  • Required: Bachelor’s degree in Accounting, Finance, or a related field.
  • Required: 3-5 years of experience. 
  •  Preferred: Experience and knowledge of accounting principles and regulations specific to the UAE and the petroleum industry.
  • This role is reserved for UAE Nationals only.

About Us

Emarat is a multi-channel power and energy company with a much-loved network of service stations and fuel depots across Dubai and the Northern Emirates. We meet the day-to-day petrol and LPG needs of millions of people while also helping to keep the engines of Industry running with fleet solutions, aviation fuel and commercial fuel services.

The Emarat brand has earned its reputation for providing great value and high-quality products and services – which is why you can expect the expected, every time.

Our network spans right across the north of the UAE, from Dubai to Ajman, and from Fujairah to Sharjah, plus many other locations in between. Service and quality are incredibly important to us, which is why we are proud to provide our customers with high-quality fuel, lubricants, state-of-the-art car washing facilities, best-in-class terminalling, bulk fuel logistics and great franchise opportunities for ambitious businesses.

Oh, and we also serve superb freshly-ground Arabicca coffee for anybody with a taste for the real thing.

All our colleagues – from the barista to the car mechanic – are fully trained in how to deliver great customer service. We operate ethically and to the highest international and national HSE standards, making sure that employees, customers and business partners are happy and safe at Emarat.

About the Team

Emirates General Petroleum Corporation, Emarat, serves millions of customers across Dubai and the Northern Emirates and Dubai with great value, high-quality fuel at modern service stations. We serve the nation’s businesses across multiple industries, including hospitality, construction, aviation and real estate with a wide range of commercial fuels and lubricants.

In addition, we distribute to our residential customers from our LPG bottling plants in the Jebel Ali Free Zone and our new distribution centre in Al Qusais, ensuring that residents across Dubai and further afield are never far away from a fast and reliable source of power. Through our modern, best-in-class terminals at Jebel Ali, Fujairah and Ras Al Khaimah, we lease the latest, high-quality fuel storage and distribution facilities.

Across the entire Emarat network, from our service stations, terminals and to your doorstep, everything we do is driven by customer happiness.

We always provide service with a smile.

Skills Required

  • Bachelor's degree in Accounting, Finance, or a related field
  • 3-5 years of experience
  • Experience and knowledge of accounting principles specific to the UAE and petroleum industry
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The Company
HQ: Dubai, Dubai
1,914 Employees

What We Do

Emarat is a Federal Government Corporation which was established in 1980 by the UAE government to market and distribute petroleum products but has expanded immensely to supply a wide range of allied products and services. We are committed to Making Life Better for our customers by efficiently and conveniently delivering the highest quality across all our facilities, both locally and internationally. We strive to be the best petroleum corporation in the Gulf region for customer service, employee commitment and return to shareholder. We do this by supporting the nation, one person at a time.

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