Financial Analyst

Posted: 11/26/2024
Closing Date: 12/03/2024

Job Description

We are looking for a skilled and dedicated Financial Analyst to join our team at the Head Office in Masdar City. The ideal candidate will be fluent in both Arabic and English, hold a degree in Accounting or Finance, and bring 3–5 years of relevant experience to the role.

Job purpose

  • Oversee and manage all financial transactions, including fixed payments, variable expenses, bank deposits, and budget planning.
  • Perform bank reconciliations and ensure accurate calculation of tax payments and returns.
  • Handle Accounts Payable processes efficiently.
  • Prepare monthly closing reports, conduct reconciliations, and ensure accurate balance matching.
  • Maintain precise bookkeeping records.
  • Conduct revenue and treasury data analysis to support financial decision-making.

Key Responsibilities:

Main Activities

1) Treasury

  • Assist the Buyer and Warehouse Manager in the procurement process to ensure no unnecessary delivery delays due to non-payment / delayed payment.
  • Follow Up with Dept Managers for Invoice Approval.
  • Follow up with DOF and EWEC for Payment of Invoice.
  • Petty Cash reconciliation.
  • Credit Card reconciliation.
  • Cash Availability Analysis Report to Finance Manager.
  • Preparing Fixed Deposit Payment.
  • Examining expenses submitted by employees.
  • Keeping an eye on incoming payments from accounts receivable and outgoing payments from accounts payable.
  • Analysis of Revenue invoices and future revenue production with remaining budget.
  • Prepare Budget report to compare actual expenses with budget.
  • Prepare Loan & dividends repayments to shareholders and banks.

2) Accounting & Audit

  • To manage all general ledger activities of Shams Power.
  • Preparation of account reconciliations on a monthly basis.
  • Take an active role in the yearly statutory audit of SHAMS, including the preparation of the statutory accounts.
  • Perform a 3-way match to ensure all invoices are supported by a valid Purchase Order and Delivery Docket.
  • Processing of purchase invoices and the associated payment for approval by Finance Department in a timely and efficient manner.
  • Manage general ledger activities for Shams including basic journal entries, invoice entry and reconciliation of purchase orders/receipts and billing activity.
  • Perform other ad hoc duties as required during the day to day running of Shams as assigned by Finance Manager
  • Manage all accruals entries on monthly basis.
  • Manage prepayment and amortisation reconciliation on monthly basis.
  • Analyse Yearly insurance.

3) Reporting & Budgeting

  • Quarterly Analysis Report for Green Energy Payment.
  • Forecasted Revenue Report to Department of Finance.
  • Revenue Analytics Reports.
  • VAT Monthly Report.

4) Compliance

  • Follow and enforce SHAMSs’ HSSEQ policies and procedures.

Skills & Qualifications:

Essential Qualifications

  • Degree in Accounting/ Finance OR any equivalent combination of experience and/or education from which comparable knowledge, skills and abilities have been achieved.

Experience

  • At least 3/5-year experience in a similar position in accounting related fields preferably within the Power industry or other similar manufacturing industry.

Skills

  • Highly proactive and self-motivated.
  • Team player, good interpersonal skills, strong ethic and integrity.
  • Strong organizational and analytical skills.
  • Proficient with PC software’s,
  • Good command of oral and written English and Arabic.