Job Description

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