SR. ACCOUNTANT – TREASURY & TRADE FINANCE

Company Description Al Shoumoukh Group, established in 1989, is one of the oldest companies in the UAE and serves a wide range of industries, with a strong focus on the Oil, Gas & Energy sector. Headquartered in Abu Dhabi, United Arab Emirates, the Group has expanded from its core presence in the Middle East and North Africa to serving customers globally. Its core businesses include supplying specialized chemicals for production, drilling, and water treatment, manpower services for both blue collar and white collar roles, and OCTG products such as seamless pipes and tubing for drilling and completion activities. The company also provides a broad portfolio of oilfield services and invests in a diverse workforce to deliver quality services and develop new technologies. Candidates can explore more details about the Group’s operations and services on its website. Role Description The SR. ACCOUNTANT – TREASURY & TRADE FINANCE is a full time, on-site role based in Abu Dhabi. The role is responsible for managing daily treasury operations, including monitoring cash positions, coordinating bank transactions, and ensuring adequate liquidity for business needs. Key tasks include preparing and analyzing cash flow forecasts, reconciling bank accounts, supporting the preparation of financial statements related to treasury and trade finance, and providing analytical support to management for funding and investment decisions. Key Responsibilities • Manage bank finance facilities, renewals, and coordination with bank Relationship Managers. • Handle the issuance and renewal of Bank Guarantees, including APG and PBG. • Coordinate Letters of Credit (LC), Trust Receipts (TR), and other trade finance transactions. • Manage invoice discounting facilities and vehicle financing arrangements. • Prepare and update daily cash flow statements and financial forecasts. • Monitor accounts receivable and payable, ageing reports, supplier payments, and collections. • Review payroll inputs, employee leave salary calculations, and End-of-Service Benefits (EOSB). • Ensure accurate VAT processing, tax invoice verification, and timely VAT filing. • Support UAE Corporate Tax compliance and external audit coordination. • Coordinate with banks, vendors, the Sales team, auditors, and senior management to ensure smooth financial operations. Requirements ✅Bachelor's Degree in Finance, or relevant field. ✅ 5–8 years of relevant experience in Finance, Treasury, and Banking Operations, preferably in the UAE. ✅ Strong hands-on experience with bank facilities, Bank Guarantees (APG/PBG), Letters of Credit (LC), Trust Receipts (TR), and invoice discounting. ✅ Good knowledge of UAE VAT, Corporate Tax, and WPS processes. ✅ Experience in cash flow management, accounts receivable/payable, payroll review, and audit coordination. ✅ Proficiency in ERP/accounting systems and advanced MS Excel. ✅ Strong analytical, reconciliation, communication, and stakeholder management skills. ✅Preferred: Professional qualifications such as ACCA, CPA, CMA, CFA, or relevant UAE VAT/Tax certifications. ✅Candidates should possess strong Analytical Skills to interpret financial data, identify trends, and support decision-making. ✅Ability to work on-site in Mussafah, Abu Dhabi, collaborate with diverse teams, and communicate clearly. 📩 Interested candidates: Please share your updated CV via LinkedIn or send it to [email protected], mentioning “Accountant – Treasury & Trade Finance” in the subject line. Show more Show less

Bachelor's Degree in Finance, or relevant field. 5–8 years of relevant experience in Finance, Treasury, and Banking Operations, preferably in the UAE. Strong hands-on experience with bank facilities, Bank Guarantees (APG/PBG), Letters of Credit (LC), Trust Receipts (TR), and invoice discounting. Good knowledge of UAE VAT, Corporate Tax, and WPS processes. Experience in cash flow management, accounts receivable/payable, payroll review, and audit coordination. Proficiency in ERP/accounting systems and advanced MS Excel. Strong analytical, reconciliation, communication, and stakeholder management skills. Preferred: Professional qualifications such as ACCA, CPA, CMA, CFA, or relevant UAE VAT/Tax certifications. Candidates should possess strong Analytical Skills to interpret financial data, identify trends, and support decision-making. Ability to work on-site in Mussafah, Abu Dhabi, collaborate with diverse teams, and communicate clearly.

Manage bank finance facilities, renewals, and coordination with bank Relationship Managers. Handle the issuance and renewal of Bank Guarantees, including APG and PBG. Coordinate Letters of Credit (LC), Trust Receipts (TR), and other trade finance transactions. Manage invoice discounting facilities and vehicle financing arrangements. Prepare and update daily cash flow statements and financial forecasts. Monitor accounts receivable and payable, ageing reports, supplier payments, and collections. Review payroll inputs, employee leave salary calculations, and End-of-Service Benefits (EOSB). Ensure accurate VAT processing, tax invoice verification, and timely VAT filing. Support UAE Corporate Tax compliance and external audit coordination. Coordinate with banks, vendors, the Sales team, auditors, and senior management to ensure smooth financial operations.