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Accountant - Petroleum Products trading exp - Immediate joining

Creative HR Consultancy FZE LLC
Sharjah, UAE
Full Time
Mid
Onsite
1 months ago
Petroleum Products Trading AccountingUAE VATInventory AccountingMulti Currency TransactionsFinancial ReportingTally
Free

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Petroleum Products Trading AccountingUAE VATInventory Accounting
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Job Summary

  • We are seeking an experienced Accountant with strong exposure to petroleum products trading in the UAE. The ideal candidate will manage day to day accounting operations, ensure compliance with UAE regulations (VAT, ESR, audit), and handle trading specific accounting such as inventory valuation, land

Key Responsibilities

  • Maintain accurate books of accounts in compliance with IFRS and UAE regulations
  • Record sales, purchases, expenses, and journal entries
  • Perform bank, supplier, and customer reconciliations
  • Prepare monthly, quarterly, and annual financial statements
  • Manage accounts payable and receivable, including credit control
  • Handle accounting for petroleum products (fuel, lubricants, bitumen, base oil, etc.)
  • Calculate and track landed cost (product cost, freight, customs, storage, insurance)
  • Manage inventory accounting (FIFO/Weighted Average, stock aging, shrinkage)
  • Record and reconcile bulk trading, spot trades, and long term supply contracts
  • Monitor pricing margins, FX exposure, and volume based transactions
  • Prepare and file UAE VAT returns and ensure proper VAT treatment on local and export sales
  • Maintain VAT documentation and support FTA audits

Requirements

  • Bachelor’s degree in Accounting, Finance, or Commerce
  • Professional qualification (CA / ACCA / CMA) – preferred
  • 3–6 years of accounting experience in petroleum products trading or oil & gas trading
  • Proven experience in UAE VAT and trading based accounting
  • Strong understanding of inventory, landed cost, and multi currency transactions
  • Proficiency in accounting software (Tally, SAP, Oracle, QuickBooks, Odoo, or similar)
  • Strong Excel skills (pivot tables, VLOOKUP/XLOOKUP, financial analysis)
  • Knowledge of IFRS and UAE commercial practices
  • High attention to detail and accuracy
  • Strong analytical and problem solving skills
  • Ability to meet tight deadlines
  • Good communication and coordination skills

Preferred (Added Advantage)

  • Experience dealing with ports, customs, and logistics accounting
  • Knowledge of import/export documentation related to petroleum products
  • Experience working with trading houses or commodity traders in the UAE

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