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P&O Maritime Logistics - Management Accountant

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DP World

3mo ago

  • Job
    Full-time
    Senior Level
  • Accounting & Tax
    Business, Operations & Strategy
  • Dubai

AI generated summary

  • You need CA Inter/CPA qualifications, 5+ years in finance/accounting, IFRS knowledge, year-end process exposure, and proficiency in Microsoft Office and Tier 1 finance systems.
  • You will manage revenue accounting, prepare monthly financial statements, reconcile accounts, handle budgets, assist audits, and support commercial teams with financial insights and guidance.

Requirements

  • Minimum Qualifications:
  • Post-tertiary CA Inter /CPA qualifications
  • Minimum Experience:
  • Minimum 5 years financial/Accounting experience
  • Sound knowledge of international (IFRS) accounting standards and practices
  • Exposure to year end processes
  • Proficiency in Microsoft Office, JD Edwards, Hyperion/Oracle software applications or other Tier 1 finance systems.

Responsibilities

  • The Management Accountant is responsible to manage and assist the regions in planning, organizing, directing, and controlling their functions by providing and analyzing all necessary and qualitative information in a timely and accurate manner.
  • The role is also required to manage the revenue accounting for the MENA region along with follow-ups of customer outstanding balances.
  • Preparing & developing monthly income statement with applicable accounting policies as per the group with Budget/reforecast variances along with necessary explanations on major items.
  • Ensure all revenue is accounted in accordance with the various customer contracts whilst ensuring there is no revenue leakage through unbilled revenue.
  • Timely follow-up of outstanding balances and preparations of debtor reports to be analysed and discussed within weekly meetings with commercial team.
  • Obtain a thorough understanding of the contract handover summary prior to each contract being finalized and to understand all the revenue points within the contract. Liaise with relevant stakeholders to obtain additional information where necessary.
  • Preparing monthly balance sheet schedule with major items of reconciliation like fixed assets, major accruals, receivable & other supporting details.
  • Controlling & maintaining fixed assets register, run monthly depreciation module after necessary adjustments and capitalization to Fixed Assets, movement of assets to inter region.
  • Providing monthly schedule to corporate finance team for consolidating monthly group reporting, not limited to but including overall revenue billing summary, vessel utilization summary, customer outstanding ageing, etc.
  • Involving in preparation of yearly budget & quarterly forecasting Vessel-wise for UAE, Qatar, Saudi & Subsea region.
  • Co-ordinating with each business unit head and in charge of the operation team for gathering necessary information for finalization of budget/forecast.
  • Ensuring that final approved budget/forecast are matching & uploading to financial tools like JDE.
  • Handling external financial/tax assurance team from UAE, Qatar & Saudi and finalizations of audited financial statement and submission of annual returns to relevant authorities.
  • Providing all the relevant explanations & information for smooth closure of audit related queries
  • Providing & ensuring all the relevant information are given to group auditor for group consolidated financial statements.
  • Preparing & assisting in IKTVA report for compliance with Saudi Aramco requirement who is the major client in Saudi.
  • Gathering all the necessary information and providing guidance for ICV report preparation for UAE and Qatar clients requirements.
  • Preparing & facilitating ad hock cost model for commercial team.
  • Providing all the necessary guidance to Saudi & Qatar country accountant for timely & effectively completion of routine jobs.
  • Working on other ad hock projects or assignments received from time to time from line manager.

FAQs

What are the key responsibilities of the Management Accountant at P&O Maritime Logistics?

The key responsibilities include preparing monthly income statements, managing revenue accounting for the MENA region, ensuring no revenue leakage, preparing budget and forecast reports, handling audits, ensuring compliance with financial regulations, and providing support for ad hoc projects.

What qualifications are required for the Management Accountant position?

A post-tertiary CA Inter / CPA qualification is required.

How much experience is needed for this role?

A minimum of 5 years of financial/accounting experience is needed.

What accounting standards should applicants be familiar with?

Applicants should have a sound knowledge of international (IFRS) accounting standards and practices.

What software proficiency is expected for this role?

Proficiency in Microsoft Office, JD Edwards, Hyperion/Oracle software applications, or other Tier 1 finance systems is expected.

Is attention to detail important for the Management Accountant role?

Yes, attention to detail and precision are crucial to ensure standards are met accurately and without error.

What attributes are important for a candidate applying for this position?

Important attributes include being organized, thorough, logical, methodical, dependable, and having a strong attention to detail.

Will the Management Accountant be involved in budgeting processes?

Yes, the Management Accountant will be involved in the preparation of the yearly budget and quarterly forecasting.

What kind of financial reports will the Management Accountant prepare?

The Management Accountant will prepare monthly income statements, balance sheet schedules, and debtor reports, among others.

Does this role involve interaction with external teams?

Yes, the Management Accountant will handle the external financial/tax assurance teams for audits and submissions of annual returns.

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DP World

We make trade flow, to change what’s possible for everyone.

Transportation
Industry
10,001+
Employees
2005
Founded Year

Mission & Purpose

We exist to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. With a dedicated, diverse and professional team of more than 103,000 employees spanning 75 countries on six continents. We are pushing trade further and faster towards a seamless supply chain that’s fit for the future. We’re rapidly transforming and integrating our businesses – Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades. We make trade flow, to change what’s possible for everyone.