Accountant - Receivables

The Accounts Receivable (AR) Accountant is responsible for preparing, reviewing, and maintaining financial records, ensuring their accuracy and compliance with relevant standards, regulations, and organizational policies.

SECTION II: KEY RESPONSIBILITIES

Key Responsibilities:

· Prepare and issue invoices in accordance with Charter Party Agreements, covering both deployment and ongoing engagement until the vessel is redelivered.

· Monitor payments, record receipts, and maintain accurate and up-to-date financial records.

· Track expenses which are incurred on behalf of the charterers and promptly recharge them.

· Maintain regular Statements of Account (SOA) for all vessels, from delivery to redelivery.

· Perform additional tasks related to the above responsibilities as required or assigned.

· Ensure general ledger accounts and systems are consistently updated from an Accounts Receivable (AR) and Revenue perspective.

· Verify that financial statements and records adhere to applicable laws and regulations.

· Collect, analyze, and interpret relevant financial data.

· Update daily transaction records, ensuring invoices are posted to the correct General Ledger (GL) codes.

· Monitor vessel-wise and voyage-wise revenue statements.

· Facilitate seamless integration of data from source systems into Fusion.

· Resolve account discrepancies and conduct account reconciliations.

· Stay informed about regulatory requirements and best practices for financial administration, ensuring compliance with contractual, legal, and market standards.

· Take accountability for minimizing errors identified by external auditors, ensuring timely payments from customers/vendors, and reducing the Finance Report Error rate.

SECTION III: KNOWLEDGE & SKILLS

Educational and Technical Qualifications:

· Bachelor's degree in accounting, finance, or a similar field.

· Accounting qualification or part-qualification in ACA, CIMA or ACCA is Preferred

· Excellent knowledge of accounting regulations and procedures, including the IFRS International Financial Reporting Standards particularly expense accruals/provisions, revenue recognition, lease accounting and so on.

· Knowledge of shipping industry particularly chartering business.

· Knowledge of Charter Party Agreements (Both Charter in/Charter out), Fixture Note, Vessel hand over and take over procedures, various insurances related to vessels, cargoes, charterers’ liability and so on.

· Experience with general ledger functions

· Understanding UAE corporate and tax regulations.

· Advanced MS Excel skills Understanding of Oracle Fusion, or similar accounting software’s, would be an asset.

Language Skills:

· Written and Spoken English & Arabic (preferred)

Years of Experience:

· With a background in shipping and at least 5 years of experience, preferably in the UAE.

Nature of Experience:

· Experience in General Accounting, billing and revenue accounting, reconciling bank statements, financial reporting, administration of payments, financial data analysis and Taxation

SECTION IV: KEY INTERACTIONS

Key Internal Contacts:

Purpose of Interaction:

Department Heads

· Collaborate with various departments (e.g., Commercial, Technical, Operations, Marketing, Strategic, and Human Resources) to prepare invoices, manage rechargeables, address technical queries, and offer financial guidance to align with departmental goals.

· Coordinate with Cluster and Corporate teams to address financial or audit-related requirements.

Job Type: Full-time

Pay: ₹25,000.00 - ₹35,000.00 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person