Accountant | PIPECARE Group
Company Name: PIPECARE Group
Qualification: Masters and Bachelors Degree
Location: Dubai, United Arab Emirates
Salary Range: 6,000 AED – 8,000 AED
Company Size: 50 – 100 Employees
Other Benefits: Medical Insurance | Bonus
Employment: Full Time
About Company
PIPECARE Group is one of the leading in-line inspection companies worldwide with over 20 years of experience providing in-line inspection.
Job Description/Role
PipeCare Group is looking for an experienced Accountant who will review and monitor day-to-day accounting activities of PIPECARE and its Subsidiaries up to the issue of financial statements and will be reporting to the Regional Finance Manager.
Key Responsibilities & Authorities
- Financial Reporting: Preparing, analyzing, and presenting financial reports to management that summarize the company’s financial performance. This includes the preparation of income statements, balance sheets, and cash flow as per IFRS Standards
- Cost Accounting: Developing and maintaining the company’s cost accounting system to ensure accurate product costing and pricing. This includes analyzing production costs, identifying cost-saving opportunities, and preparing reports on cost
- Budgeting and Forecasting: Developing annual budgets and financial forecasts for the company. This includes coordinating with other departments to obtain inputs and assumptions needed for budgeting and forecasting
- Inventory Management: Monitoring inventory levels and ensuring accurate inventory valuation. This includes conducting periodic physical inventory counts, reconciling inventory records, and identifying and resolving discrepancies
- Compliance: Ensuring compliance with accounting principles, legal regulations, and company policies. This includes staying up-to-date with changes in accounting standards and regulations and making necessary adjustments to the company’s accounting process
- Liaise with external auditors and provide necessary documentation for audit purposes.
- Analyze financial data and provide insights to the Finance Manager and senior manage Reviews
- Reviewing the schedule related to assets additional/deletion
- Reviews all accruals for expenses
- Allocation of tool capitalization costs
- Issue, Monitor and collect transfer pricing invoices for Leasing, Sales of spare parts, Trade mark, Patent and LIN Soft
- Processes insurance requirements
- Arranging bank guarantees, L/C’s and other to the bank
- Weekly meeting with the production manager to discuss any financial issues
- Timely preparation of financial statements and completion of audits
- Maintaining / reviewing periodically the financial policies/procedures and internal control system/procedures to make sure that his team considering that, and to raise the results report to the Regional Finance Manager
- Monitor and review accounting and related system reports for accuracy and completeness
- Analytical reviewing for the petty cash expenses and others cost and to raise the report to the Group Finance Manager
- Randomly get physical inventory items verified with books
- Monitoring the local Tax compliance and monthly report should be raised to the Regional Finance Manager
- Provide financial management support to the Finance Manager in areas such as financial analysis, budgeting, forecasting, financial reporting, and compliance
- Work closely with other departments to ensure accurate financial information is provided in a timely manner
- Develop and implement cost management strategies to optimize financial performance
- Assist in risk management activities to mitigate financial risks
Skills/Experience:
- BS degree in Accounting, CPA or equivalent certificate
- Minimum of 3 years of Accounting experience
- Experience within the Oil and Gas, Manufacturing or Contracting sector
- Payments, Collection, and invoicing control experienced