Senior Accountant – Banking & Guarantees

Accountant – Banking & Guarantees (Bank Guarantee Expert)

Location: Abu Dhabi, UAE

Company: Oiltek Trading SP LLC

Job Type: Full-Time

About Us

Oiltek Trading SP LLC is a rapidly expanding oil & gas supply chain company that supplies valves, fittings, cables, engineered packages, and industrial equipment to ADNOC and major EPC/EPCM contractors. We are seeking an experienced Accountant – Bank Guarantee Expert with strong hands-on experience in banking operations, specifically bank guarantees, PBGs, ABGs, PPBGs, LCs, and other trade finance instruments, to manage and oversee our banking and finance operations.

Key Responsibilities:

Banking & Guarantees Management (Primary Responsibility)

Primary responsibility: Oversee and independently handle bank guarantees (BGs), performance bank guarantees (PBGs), advance bank guarantees (ABGs), and PPBGs for project financing and execution.

• Prepare, submit, track, follow up, amend, extend, reduce, and close BGs, PBGs, ABGs, and PPBGs in line with project requirements and contracts.
• Liaise directly with banks for BG / PBG / ABG / PPBG, TR / LG facilities, and ensure timely issuance, amendments, and renewals.
• Manage Letters of Credit (LCs), trade finance instruments, and associated documentation for international and domestic transactions.
• Track expiry dates, limits, and bank utilization of all guarantees and ensure no guarantee expires without action.
• Maintain detailed trackers and records of all guarantees, LCs, and banking facilities with banks.
• Handle all bank formats, documentation, submissions, and coordination independently.

Accounting Operations

• Manage daily accounting entries including accounts payable (AP), accounts receivable (AR), general ledger, journals, and bank entries.
• Prepare and issue customer invoices and handle project billing.
• Enter supplier invoices and perform bank reconciliations.
• Monitor basic cash flow movements and ensure accuracy of accounting records.
• Support the preparation of monthly closing and basic financial reports.

VAT Compliance & Documentation

• Manage UAE VAT computation, filing, and documentation, ensuring full compliance with regulatory requirements.
• Maintain proper financial records to support audits, bank confirmations, and regulatory checks.

Operational Support & Documentation

• Support internal and external audits by providing necessary financial and banking documentation.
• Maintain organized records related to banking, guarantees, and project financial documentation.
• Support management with any banking- or finance-related documentation and reporting.

Requirements

Mandatory: Proven, hands-on experience in:

• Bank Guarantees (BGs, PBGs, ABGs, PPBGs)
• Letters of Credit (LCs)
• TR / LG banking facilities
• Direct coordination with banks in the UAE
• Bachelor’s degree in Accounting or Finance.
• Minimum 5 years experience in a similar role, preferably in trading, contracting, or oil & gas sector.
• Strong experience in managing banking documentation and trade finance instruments.
• Familiarity with UAE VAT and basic accounting standards.
• Good Tally skills (tracking, reconciliations, reporting).
• Good communication, organization, and follow-up skills.

Important Notice

• Salary is strictly capped at AED 6,000 per month.
• If you do not have real, hands-on Bank Guarantee experience, please do not apply.

Job Type: Full-time

Pay: From AED6,500.00 per month

Application Question(s):

• Have you personally handled Bank Guarantees (BG, PBG, ABG, PPBG) end-to-end with UAE banks (issuance, amendment, extension, reduction, and closure)?

Experience:

• Accounting : 5 years (Required)

Location:

• Abu Dhabi (Required)

Work Location: In person