Job Title: Assistant Vice President Accounts
Job Location: Dubai
Ensure effective and timely preparation and communication of Management Accounts/Reporting, while complying with IFRS to allow Executive Management to monitor the day-to-day business performance against budget and past actual targets. Administer the proper booking/recording of all the Company’s financial transactions. Provide external auditors with a timely and accurate documentation of UASC’s accounts. Establish, maintain, and coordinate the implementation of accounting and accounting control procedures
Statutory Reporting:
- Direct the preparation and submission of periodic reports detailing the Company's financial performance on a timely basis
- Provide reports for inclusion in the Annual Report to Shareholders and participate in the Annual General Meeting (if required)
Processing of Financial Transactions:
- Lead the processing of all financial transactions of the Company in a rigorous and thorough manner
- Reconcile current accounts of subsidiaries and representative agencies on a regular basis
Trade Accounts:
- Lead the analysis, verification, accounting and reconciliation of the container revenue, container cost, agency cost etc. for all geographical regions
Fleet and Container Management Department (CMD) Accounts:
- Lead the analysis, verification, accounting and reconciliation of the fleet personnel cost, fleet technical cost, bunkering costs, fleet insurance, fleet chartering, CMD technical cost, CMD insurance, container purchasing/leasing/sale/subleasing, on hire/off hire costs of containers etc.
Accounts Receivables:
- Manage the analysis, verification, recording, reconciliation and follow up of freight and slot receivables from all agents and with the regional offices of the Company
- Administer the booking of receivable transactions into the Company’s IT system (CODA)
Accounts Payables:
- Manage the registration, verification and recording of all invoices from vendors in order to arrange payments as per the approved policies and procedures
- Administer the booking of payable transactions into the Company’s IT system (CODA)Administrative Accounts:- Manage the verification, accounting and reconciliation of all admin expenses of the Company, staff receivables, profit and loss of subsidiaries and affiliates
Payroll Management:
- Manage the verification and accounting and process the payment of head office staff salaries, leave salaries and terminal benefits according to agreed policies and in coordination with the Human Resources Departments
Monthly Management Reporting:
- Lead the preparation of Monthly accounting reports required for Monthly Management Reporting (MMR); by consolidating reports from multiple offices, divisions and agencies
Auditors:
- Work with external and internal auditors on a periodic basis to ensure that the auditing of the accounts is thorough, diligent and UASC accounting complies completely with various statutory and legal requirements and accords with International Financial Reporting Standards policies
Accounting Policies:
- Implement corporate policies and procedures related to accounting and reporting to ensure that UASC accounting standards are consistently maintained and follow all stipulated legal and accounting requirements
Implementation:
- Follow up and lead on the implementation of internal audit recommendations related to accounting practices and policies to ensure that UASC accounting standards are in line with international best practices
Monitoring:
- Ensure timely receipt of payments from Agencies and JV's in order to meet overall financial metrics pertaining to receivables and ensure efficient cash flow management
Team Management:
- Conduct performance management appraisals on annual basis for direct reports, and evaluate appraisals for the rest of the team
Skills
Minimum Qualifications:
- Master’s degree in finance or business-related subject
- CPA/CA and/or other internationally recognized Accounting Qualification
Minimum Experience:
- 10-15 years in an accounting capacity
- At least 8-10 years in a leadership role (shipping experience is a plus)
- Experience in overseeing accounting functions of a global agency network in 20+ countries
Job-Specific Skills:
- In-depth knowledge of all accounting standards and procedures
- Expert knowledge of regulations and international best practices around accounting- Expert proficiency in an accounting software package
- Familiarity with finance-based IT systems (CODA a plus)
- Ability to drive and optimize management reporting techniques with the tools available
- Familiarity with process development and process optimization
- Development of junior resources and succession planning
- Expertise in offshoring of Accounting functions
- Ability to analyze financial statements
Competencies:
- Leadership
- Interpersonal skills
- Strong analytical capabilities
- Time management
- Communication skills
Deadline: 06/09/2013
How to Apply:
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