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Abdulwahed Bin Shabib Investment Group LLC Careers

Abdulwahed Bin Shabib Investment Group LLC

Abdulwahed Bin Shabib Investment Group LLC

Job descriptionWe are looking for a qualified candidate with experience in VAT compliance and filings across the GCC, particularly in the UAE.Please find the job description below for your reference.The role of a TAX Executive-GCC & UAE will be responsible for managing and ensuring compliance with VAT regulations across the GCC & UAE. You will play a crucial role in VAT filings, audits, and advisory, helping the company navigate complex tax requirements and optimize tax processes. Here are some key aspects of the job:Responsibilities:Tax Compliance:Ensure timely compliance and accurate filing of all tax returns (e.g., VAT, Corporate Tax, ESR,UBO,AML,withholding tax.) in compliance with UAE & other GCC tax laws and regulations.Coordinate with tax managers and external tax advisors and auditors to manage tax audits and inquiries.Maintain detailed records and documentation to support tax filings and audits.Tax Reporting:Prepare and review tax provision calculations for financial statements.Ensure accurate reporting of tax-related items in financial statements in accordance with IFRS and other relevant standards.Collaborate with the finance team to integrate tax considerations into overall financial reporting.Risk Management:Identify and mitigate tax risks through effective controls and processes.Conduct regular tax risk assessments and implement measures to address identified risks.Develop and maintain tax policies and procedures.Advisory and Support:Provide tax advice and support to various business units and departments within the organization.Assist in structuring business transactions to achieve tax efficiency.Support mergers, acquisitions, and other corporate transactions from a tax perspective.Team Leadership:Lead and mentor a team of tax professionals, providing guidance and development opportunities.Foster a culture of continuous improvement and professional growth within the tax team.Qualifications:Education:Bachelor's degree in Accounting, Finance, Taxation, or a related field..Experience:Several years of experience in tax management, preferably within a multinational corporation or a Big Four accounting firm.Strong knowledge of UAE tax laws and regulations, including VAT and corporate tax.Skills:Excellent analytical and problem-solving skills.Strong communication and interpersonal skills, with the ability to explain complex tax concepts to non-tax professionals.Proficiency in tax software and financial systems.Attention to detail and a high level of accuracy.Additional Considerations:Regulatory Environment:Stay informed about the evolving tax landscape in the UAE and other GCC , including recent developments such as the introduction of corporate tax.Understand the implications of international tax treaties and transfer pricing regulations as they apply to the UAE and other GCC Countries.Cultural and Economic Factors:Be aware of the unique cultural and economic environment in the UAE, including the importance of maintaining good relationships with local tax authorities.Adapt tax strategies to align with the business practices and market conditions in the region.

Posted a month ago

Job Overview: We are seeking a highly skilled and experienced Accounts Manager to oversee the financial operations within our organization. The ideal candidate will ensure the financial health and stability of the organization through meticulous financial planning, analysis, and reporting.Key Responsibilities:1. Financial Management:Oversee all financial operations including budgeting, forecasting, and financial planning.Develop and implement financial policies and procedures to ensure effective financial management.Monitor and control the organization’s financial performance, identifying areas for improvement.2. Accounting:General Ledger Management:Maintain the general ledger, ensuring accuracy and completeness of all financial transactions.Supervise monthly, quarterly, and annual closing processes, ensuring timely and accurate reporting.Accounts Payable and Receivable:Oversee accounts payable processes, including invoice processing, payment approvals, and vendor reconciliations.Manage accounts receivable processes, including invoicing, collections, and customer account reconciliations.Payroll Management:Oversee payroll processing, ensuring timely and accurate payment of salaries and benefits.Ensure compliance with all relevant labor laws and regulations.Fixed Assets:Maintain and manage the fixed asset register, ensuring proper capitalization, depreciation, and disposal of assets.Conduct periodic physical verification of fixed assets.Taxation:Ensure compliance with all applicable tax regulations, including VAT and corporate tax.Prepare and file tax returns, ensuring accuracy and timeliness.3. Accounts Receivable:Reconciliation:Perform regular reconciliation of accounts receivable from customers, ensuring accuracy and completeness.Reconcile payments received with billed amounts, identifying and addressing any discrepancies.Maintain detailed records of all transactions and communications with customersCollections:Develop and implement strategies to expedite the collection of outstanding receivables from customersMaintain a log of all collection activities and follow up on overdue accounts.Reporting:Prepare and present detailed reports on accounts receivable, including aging reports and collection status.Analyze trends in receivables and identify areas for improvement in the billing and collection process.Any ADHOC financial report required by the managementFinancial Reporting:Prepare and present financial statements, including profit and loss statements, balance sheets, and cash flow statements.Ensure financial statements are prepared in accordance with international financial reporting standards (IFRS) and local regulations.Any ADHOC financial report required by the managementAudit and Compliance:Coordinate and manage internal and external audits, ensuring timely completion and resolution of audit findings.Develop and implement internal controls to safeguard the organization’s assets and ensure accuracy of financial information.Bank Reconciliations:Perform regular bank reconciliations to ensure accuracy of cash balances and identify discrepancies.Liaise with banks to resolve any issues or discrepancies.4. Financial Analysis:Analyze financial data to identify trends, variances, and opportunities for cost reduction.Prepare comprehensive financial reports for senior management, including profit and loss statements, balance sheets, and cash flow statements.Provide financial insights and recommendations to support strategic decision-making.5. Budgeting and Forecasting:Lead the budgeting process, working closely with department heads to develop and monitor budgets.Forecast financial outcomes based on historical data, market trends, and organizational goals.6. Compliance and Risk Management:Ensure compliance with all relevant financial regulations and standards in the UAE.Develop and implement risk management strategies to mitigate financial risks.Liaise with external auditors, tax advisors, and regulatory authorities as needed.7. Team Leadership:Lead and mentor the finance team, providing guidance and support to enhance their professional development.Foster a collaborative and high-performance work environment within the finance department.Other ResponsibilitiesManagement holds the authority to modify your assigned working sector within the groupManagement can ask ADHOC financial reports

Posted a month ago

We are seeking an experienced Sales Executive specialized in Welding Equipment's & Accessories/Industrial Products/Heavy Machinery and accessories sales to join our team. The Sales Executive will be responsible for effectively focusing and executing the sales and achieving sales targets within the region.Stay updated on industry trends, competitor activities, and new welding technologies.Identify and prospect potential customers, visit customers to develop relationship and expand customer base for sale of Welding Equipment's & Accessories/Industrial Products/Heavy Machinery /consumables/ accessories sales.Provide technical support to meet customer requirements; discuss and coordinate with principals in this regard.Provide quotation to customers and offer alternate suggestions I solutions when items are not in stock or when back ordered.Understand market size, price level to help define the pricing policy. Keep abreast of competitor activities.Carry out machine or consumable demonstration with support of service team. Follow up on the trials till order finalization.Close communication with Sales team/ Sales coordinators/ credit control on day-to-day operations.Follow up on customer's enquiries, submitted quotations, complaints, and delivery related issues.Follow up for payment/ account receivables on timely basis.Prepare sales reports on weekly basis and on need basis as and when required to the Operations Manager.Develop and execute sales strategies to achieve sales targets in the welding industry.Prepare and present sales proposals and negotiate contracts.

Posted 2 months ago

Job Summary:We are seeking an experienced Sales Manager specialized in Welding Equipment's & Accessories/Industrial Products/Heavy Machinery and accessories sales to join our team. The Sales Manager will be responsible for effectively focusing and executing the sales and achieving sales targets within the region.Roles & Responsibilities:• Identify and prospect potential customers, visit customers to develop relationship and expand customer base for sale of Welding Equipment's & Accessories/Industrial Products/Heavy Machinery /consumables/ accessories sales.• Provide technical support to meet customer requirements; discuss and coordinate with principals in this regard.• Provide quotation to customers and offer alternate suggestions I solutions when items are not in stock or when back ordered.• Understand market size, price level to help define the pricing policy. Keep abreast of competitor activities.• Carry out machine or consumable demonstration with support of service team. Follow up on the trials till order finalization.• Close communication with Sales team/ Sales coordinators/ credit control on day-to-day operations.• Follow up on customer's enquiries, submitted quotations, complaints, and delivery related issues.• Follow up for payment/ account receivables on timely basis.• Prepare sales reports on weekly basis and on need basis as and when required to the Operations Manager.• Develop and execute sales strategies to achieve sales targets in the welding industry.• Prepare and present sales proposals and negotiate contracts.• Collaborate with internal teams to ensure customer satisfaction and smooth order processing.• Stay updated on industry trends, competitor activities, and new welding technologies.

Posted 4 months ago

Overview: The E&I Sales Engineer is responsible for generating sales for electrical and instrumentation products and solutions. This role involves handling client inquiries, preparing quotations, managing supplier coordination, and achieving sales targets in industrial, oil & gas, utility, and MEP sectors.1.Sales & Business DevelopmentIdentify new business opportunities in Oil & Gas, Water Treatment, Power, and Industrial sectors.Build and maintain strong relationships with contractors, consultants, and end users.Follow up on enquiries, quotations, and ongoing projects to convert leads into orders.Conduct regular market visits and project tracking.2.Technical & Commercial ActivitiesStudy RFQs, technical specifications, drawings, and BOQs.Prepare commercial and technical quotations.Select proper electrical and instrumentation equipment based on client requirements.Coordinate with OEMs and suppliers for pricing and delivery schedules.Prepare technical submittals and compliance statements when required.3.Project CoordinationProvide technical clarification to customers during evaluation.Support project team after order confirmation.Coordinate with logistics for material delivery as per project timeline.4.Reports & DocumentationMaintain CRM records, enquiry logs, and weekly sales reports.Provide feedback on market trends, competitor pricing, and customer requirements.5.Products to Handle (Typical E&I Scope)Switchgear, MCC, PLC PanelsSensors & Transmitters (Pressure, Level, Flow, Temperature)Valves & ActuatorsCables, LV components, power suppliesVFDs, starters, relays, breakers

Posted 4 months ago

Position Overview:We are seeking a meticulous and experienced Accounts Receivable Manager to oversee the complete accounts receivable process, including accounting entries, bank reconciliations, and ledger reconciliations. The ideal candidate will ensure accurate financial records, timely collections, and compliance with financial standards. This role is pivotal in optimizing cash flow, resolving discrepancies, and supporting financial reporting processes.Key Responsibilities1. Accounting Entries:Record customer invoices accurately in the accounting system, ensuring all sales transactions are documented appropriately and compliant with UAE VAT regulations.Post journal entries for sales revenue, VAT, discounts, adjustments, and advance payments, ensuring accurate revenue recognition.Record customer payments (cash, checks, or electronic transfers) and allocate them to corresponding invoices.Prepare and post journal entries for bad debt provisions, write-offs, exchange differences, late payment charges, or other necessary adjustments.Process credit notes or debit notes for discounts, returns, or disputes following company policies and VAT requirements.2. Bank Reconciliation:Compare and match entries in the cash book with bank statements to verify accurate recording of receipts.Monitor and reconcile pending transactions, such as uncleared checks or deposits in transit.Prepare monthly bank reconciliation statements, highlighting and resolving mismatches or errors.Reconcile online payment gateways or platform collections with bank credits to ensure accuracy.Investigate discrepancies, such as missing payments, unauthorized withdrawals, or bank charges, and resolve them promptly.3. Ledger Reconciliation:Review and reconcile individual customer accounts, ensuring all invoices, payments, credit notes, and adjustments are correctly recorded.Resolve discrepancies, such as overpayments, underpayments, or duplicate entries, by coordinating with customers and internal teams.Reconcile subsidiary ledger balances (accounts receivable) with the general ledger control account to ensure financial accuracy.Generate and analyze accounts receivable aging reports to track overdue balances and maintain control over aged accounts.Perform month-end and year-end reconciliations to ensure accurate reporting and compliance with financial standards.4. Tax Laws Compliance:Ensure compliance with UAE VAT laws, including proper application of VAT on invoices, returns, adjustments and CT.Prepare and review VAT filings to ensure timely submission in compliance with UAE Federal Tax Authority (FTA) regulations.Stay updated on changes to UAE tax laws, providing recommendations to the finance team and management as needed.Address tax-related inquiries from customers and auditors, ensuring compliance and transparency in accounts receivable processes.5. Collections and Credit Control:Follow up with customers for outstanding balances via calls, emails, and account statements to ensure timely payments.Implement effective collection strategies to minimize overdue accounts and reduce Days Sales Outstanding (DSO).Negotiate payment plans with customers in line with company policies.Evaluate customer creditworthiness and recommend adjustments to credit limits or terms based on financial assessments.6. Compliance and Reporting:Ensure compliance with local UAE financial regulations, including VAT and taxation laws.Prepare detailed accounts receivable reports, including aging analysis, collection status, and bad debt provisions, for management.Support external and internal audits by providing accurate and reconciled receivable records.Audit Support:Assist in the preparation for internal and external audits by providing necessary documentation and supporting materials.Ensure that all financial records and reports are maintained in accordance with accounting standards and company policies.Address any audit queries and provide explanations as needed.Qualifications and Experience Education:Bachelor’s degree in accounting, Finance, or a related field (mandatory).Professional certifications (e.g., CPA, CMA, or ACCA) are a plus.Experience:3–5 years of hands-on experience in accounts receivable, reconciliation, or related accounting roles.Strong knowledge of UAE VAT and taxation laws and their application to accounts receivable.Prior experience in the FMCG, retail, or distribution industry is preferred.Technical Skills:Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and ERP systems.Advanced skills in MS Excel, including pivot tables, VLOOKUP, and data analysis tools.Strong knowledge of accounts receivable processes, reconciliation techniques, and financial reporting standards.Soft Skills:Exceptional attention to detail and problem-solving abilities.Strong communication and negotiation skills for effective customer and stakeholder interactions.Time management and organizational skills to handle multiple priorities and meet deadlines.

Posted 10 months ago