Senior Accountant
RHEIN ENERGY FZCO
Posted 15 hours ago
Job Details
Job Title: Senior Accountant – Oil Trading & Shipping
Employment Type: Full-time
Experience Required: 6+ years
Location: Jumeirah Lakes Towers (JLT), Dubai, UAE
Job Description
We are a growing oil trading and shipping company based in JLT, Dubai, seeking an experienced Senior Accountant to join our finance team. The role covers full-cycle accounting for physical oil trades and vessel operations, including deal accounting, demurrage, freight, and voyage P&L, alongside statutory reporting and UAE tax compliance. The successful candidate will report to the Finance Manager and work closely with the trading, operations, and chartering teams.
Key Responsibilities
Manage the general ledger, journal entries, and month-end and year-end closing.
Perform deal accounting for physical oil trades: cost of goods sold, inventory valuation, mark-to-market, and provisional vs. final pricing adjustments.
Account for voyage costs, freight, bunkers, demurrage, and other shipping-related expenses; prepare voyage P&L reports.
Reconcile broker, counterparty, and inspection statements; monitor open positions with the trading desk.
Prepare monthly, quarterly, and annual financial statements in accordance with IFRS.
Handle accounts payable and receivable, bank reconciliations, letters of credit, and intercompany transactions.
Prepare and file VAT returns and support Corporate Tax compliance in line with FTA regulations.
Assist with budgeting, forecasting, cash flow management, and working capital planning (including trade finance facilities).
Coordinate with external auditors during interim and annual audits.
Review and improve internal controls, accounting policies, and procedures.
Mentor and review the work of junior accountants.
Required Qualifications
Bachelor's degree in Accounting, Finance, or a related field.
Professional certification (CPA, ACCA, CMA, or CA) preferred.
Minimum 6 years of accounting experience, with at least 2 years in a senior role.
Mandatory prior experience in oil trading, commodity trading, or shipping.
Strong knowledge of IFRS, UAE VAT, and Corporate Tax.
Familiarity with trade finance instruments (LCs, SBLCs, bank guarantees) and Incoterms.
Proficiency in ERP and accounting systems (SAP, Oracle, Microsoft Dynamics, Zoho Books, QuickBooks, or similar) and advanced Excel; exposure to CTRM systems is an advantage.
Employment Type: Full-time
Experience Required: 6+ years
Location: Jumeirah Lakes Towers (JLT), Dubai, UAE
Job Description
We are a growing oil trading and shipping company based in JLT, Dubai, seeking an experienced Senior Accountant to join our finance team. The role covers full-cycle accounting for physical oil trades and vessel operations, including deal accounting, demurrage, freight, and voyage P&L, alongside statutory reporting and UAE tax compliance. The successful candidate will report to the Finance Manager and work closely with the trading, operations, and chartering teams.
Key Responsibilities
Manage the general ledger, journal entries, and month-end and year-end closing.
Perform deal accounting for physical oil trades: cost of goods sold, inventory valuation, mark-to-market, and provisional vs. final pricing adjustments.
Account for voyage costs, freight, bunkers, demurrage, and other shipping-related expenses; prepare voyage P&L reports.
Reconcile broker, counterparty, and inspection statements; monitor open positions with the trading desk.
Prepare monthly, quarterly, and annual financial statements in accordance with IFRS.
Handle accounts payable and receivable, bank reconciliations, letters of credit, and intercompany transactions.
Prepare and file VAT returns and support Corporate Tax compliance in line with FTA regulations.
Assist with budgeting, forecasting, cash flow management, and working capital planning (including trade finance facilities).
Coordinate with external auditors during interim and annual audits.
Review and improve internal controls, accounting policies, and procedures.
Mentor and review the work of junior accountants.
Required Qualifications
Bachelor's degree in Accounting, Finance, or a related field.
Professional certification (CPA, ACCA, CMA, or CA) preferred.
Minimum 6 years of accounting experience, with at least 2 years in a senior role.
Mandatory prior experience in oil trading, commodity trading, or shipping.
Strong knowledge of IFRS, UAE VAT, and Corporate Tax.
Familiarity with trade finance instruments (LCs, SBLCs, bank guarantees) and Incoterms.
Proficiency in ERP and accounting systems (SAP, Oracle, Microsoft Dynamics, Zoho Books, QuickBooks, or similar) and advanced Excel; exposure to CTRM systems is an advantage.
Language
English
Nationality
Any
Company Size
1-10
Benefits
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Skill
Accounting
Corporate Finance
Microsoft Office
Zoho
SAP
Oracle
Financial Reporting
QuickBooks
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