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Accountant - Maritime and Logistics
JOB_REQUIREMENTS
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The role involves managing financial accounting, reporting, and intercompany transactions for multiple entities within the shipping, maritime, and logistics sectors. Key responsibilities include processing and approving intercompany entries, performing month-end closings, preparing accruals and reconciliations, supporting budgeting and forecasting, and producing accurate management reports. The position also ensures compliance with accounting policies, internal controls, and audit requirements while collaborating with various business and finance stakeholders. Candidates should hold a bachelor’s degree in finance or accounting, possess a professional qualification such as CA, ACCA, or CIMA, and have 3–5 years of relevant experience, preferably within the shipping or logistics industry, with exposure to IFRS and familiarity with ERP systems and Microsoft Office. Proficiency in English is essential, and Middle East experience is an advantage.
- Bachelor's degree in Finance, Accounting or related field
- Professional Qualifications like C.A., ACCA, CIMA etc. or equivalent is preferred
Professional Experience:
- 3-5 years of experience in Finance or Accounting or related business discipline.
- Exposure to IFRS is preferable
- Prior experience in Shipping, Maritime and/ or logistics business/ industry is preferred
Geographic Experience:
- Middle East experience is preferable
Computer Skills:
- Good knowledge of Microsoft office applications and ERP software
Language Skills:
- Proficient in English (must have)
- Arabic (desirable)
Market/Industry/Functional Knowledge:
- Good knowledge of contemporary theories and practices related to Accounting and Finance
1. Process and book cash management transactions which include the following, among others:
- Cash management entries
- Miscellaneous receipts
- Immigration expense and payments
2. Prepare shareholders' loan schedule, reconcile shareholders' loan balances and book interest income as well as repayments.
3. Process and book entries related to availment of bank loans, amortization of loan arrangement fees, repayment of bank loans and closure of loans upon vessel disposal.
4. Initiate and approve intercompany transactions booked through AGIS.
5. Process and book intercompany entries through Oracle GL module, debit notes from related party and debit memo for intercompany invoices
- Revenue accrual
- Expense accrual
- Interest expense/ income accruals
- Recurring entries
- Revaluation of available for share (AFS) and held for trading (HFT) investments
- Investment in Subsidiaries, Associate and Joint Ventures
7. Perform review of balance sheet and profit and loss account as part of month-end close.
8. Prepare monthly bank reconciliation and other account reconciliation schedules.
- Process and book relevant entries related to vessel disposal
- Review and process Cash to Master requests
- Review and process customer refund requests
- Reclassify Qatar Steel Receivables
- Participation in fixed asset verification and physical stock taking exercises
- Maintain book of accounts for CARGOTEC
- Prepare Quarterly Revenue Analysis
- Support budgeting process by facilitating the preparation of required budget templates through coordination with relevant Business Operations Managers or calculation of the budget amounts based on underlying business transactions/ relevant supporting documents.
- Upload the budget figures, including any amendments, to Cognos.
- Prepare accurate management information/ reports and analysis in a timely manner as per the requirement of the relevant business units.
- Support the conduct of QBRs by the Maritime & Logistics and Marine & Technical Services business units.
- Perform evaluation on asset impairment on an annual basis or as and when required as per Milaha Finance & Accounting policies
11. Provide assistance/ support to relevant business units of Maritime & Logistics and Marine & Technical Services e.g., financial advice/ insights in entering new business, project finance, contract reviews (finance component), etc.
12. Prepare pricing and cost model information based on accounting information available in the system on an ongoing basis.
13. Incorporation of driver based information for forecasting business performance and comparison against the actual results.
14. Implement the Finance & Accounting policies and procedures. Ensure that required changes to the policies and procedures manual are highlighted and communicated to the immediate reporting line.
15. Ensure compliance with relevant internal controls within the Finance and Accounting function and any deviation or non-compliance is communicated to the immediate reporting line.
16. Assistance in preperation of presentations on business performance analysis and drivers.
17. Develop and maintain effective relationships with key stakeholders including Business Operations, Corporate Treasury, Financial Planning & Analysis, Internal Audit, other Finance Pillars and various relevant departments and external auditors. Actively coordinate with and act as point of contact and the relevant stakeholders for key financial, accounting and reporting matters related to Maritime & Logistics and Marine & Technical Services.
18. Prepare requested schedules or provide the necessary information to external and internal auditors as instructed by the immediate reporting line.
19. Implement and maintain within their area of responsibility and accountability, compliance to all Milaha Health & Safety, Security, Environment and Quality policies, manuals, procedures, laws, regulations and standards.
20. Actively contribute and participate in Milaha Health & Safety, Security, Environment and Quality consultations, training and initiatives.
21. Perform other job-related duties as assigned.
- Bachelor's degree in Finance, Accounting or related field
- Professional Qualifications like C.A., ACCA, CIMA etc. or equivalent is preferred
Professional Experience:
- 3-5 years of experience in Finance or Accounting or related business discipline.
- Exposure to IFRS is preferable
- Prior experience in Shipping, Maritime and/ or logistics business/ industry is preferred
Geographic Experience:
- Middle East experience is preferable
Computer Skills:
- Good knowledge of Microsoft office applications and ERP software
Language Skills:
- Proficient in English (must have)
- Arabic (desirable)
Market/Industry/Functional Knowledge:
- Good knowledge of contemporary theories and practices related to Accounting and Finance
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