Senior Accountant - JobSinary-Dubai
Dubai -Senior Accountant Job Opening. Currently we are looking for Senior Accountant for our company. location Dubai -. Interested Candidates Can submit their Application, Once you submit Your Resume/CV, your qualifications will be reviewed If selected for an interview, you will be contacted by a member of recruiting team to schedule an interview. Job Duties and Responsibilities : • Responsible for the accounting operations of the company. • Participate in the formation and implementation of company financial plans. • Preparation of all monthly financial reports. • Work with outside accounting/financial firms on monthly close-out procedures. • Provide reporting and budgeting as required by Management. • Manage company and project cash flow. • Supervise accounts payable and accounts receivable staff and functions. • Work with project management staff ensuring proper compliance with accounting procedures including reviewing and analyzing job cost estimates and reports monthly. • Develop written accounting procedures for the operations staff and work with team to ensure proper implementation and compliance. Job Requirements and Qualifications : • Bachelor’s Degree in accounting and/or finance , English section is preferred. • 5 to 7 years of progressive accounting experience. • Experience in job cost accounting and financial reporting. • 2 to 4 years of Construction Management or General Contracting or Subcontractor industry experience • Understanding of commercial insurance policies required.
Credit Risk Startegy and Administration - Manager - Westbourne Partners-Dubai
Dubai -PermanentAbout us: We are the largest Financial Services firm in the MENA region with international offices across Africa, Asia, Europe and the Middle East. Position: Manager International Credit Department: Group Credit Administration – Group Credit Location: Doha, Qatar Job Summary: You will be responsible for handling credit administration function entailing review of the credit applications for correctness of legal documentation or approvals, recording, updating, monitoring and reporting of borrowers’ and credit facilities’ details and limits; review, approval of legal documents; collection, verification of security / collateral; authorizing disbursement of funds and utilization of credit facilities, preparation of MIS and portfolio management reports relating to the bank’s credit activities and portfolio. Monitor credit and detect early warning signs. Duties & Responsibilities: Perform activities within the assigned Credit Risk Strategy that reflects the Group’s tolerance for risk and the level of profitability the Bank expects to achieve for incurring various credit risks. Use standardized process for evaluating credit proposals ensuring that all approved credits are within the Bank’s Credit Risk Strategy. Ensure effective and efficient performance of the subsection to monitor and control all credit administration processes, minimize risks and optimize profits for the bank. Ensure that all policies, procedures and guidelines of the Bank and local regulatory authority are complied with. Continuously identify and highlight all relevant process defects and gaps relevant to the existing credit administration process and work flows and immediately take necessary and adequate corrections or mitigating actions, if required, to safeguard the Banks interest and ensure efficient and timely execution of required functions. Assist the Risk unit in creating Key Performance Indicators (KPIs) for the department and monitor their achievement on periodic basis. Coordinate with Compliance to ensure an appropriate response to obtain updates on regulations pertaining to credit risk review that are promulgated by Regulators, if any. Build and maintain strong and effective relationship with the all other related departments and units to achieve the Bank’s goals/ objectives. Provide timely and accurate information to the external and internal auditors and the Compliance function as and when required. Adhere to the Turnaround Times (TAT) specified in the SLAs. Conduct comprehensive reviews and checks pertaining to documentation and limit inputs / updates prior to authorizing disbursements. Provide advice and support on all aspects of documentation matters to Credit Administration Staff at International Branches. Follow ups on the timeliness and coordination with International Branches on the production of credit reports for internal purposes on regular periodic basis or on demand by senior management, auditors, compliance or regulators. Implementation of the credit operations processes and procedures related to the receipt of customers request approved by credit to delivery of credit to customer account. Ensure all required documents are collected and reviewed prior to disbursing of loans / facilities to the customer accounts. Following the controls and ensure compliance procedures are implemented to identify & manage potential risk. Support the Credit team in preparing a recommendation to extend, decline, or request further structuring/ guarantees/ collaterals to the deal to minimize credit risk to meet our credit risk standards. Coordinate activities with International Credit Administration colleagues/manager to ensure the timely processing of customer credit requests within established TATs. Effective conduct of the documentation & credit facilities processes whilst maintaining independent control over related processes. Ensure that checklists requirement for credit facilities documentation preparation, accounts annual reviews and processing ensuring all credit requirements are fulfilled. Ensure physical custody of the original documents/legal paperwork are passed and held with Credit Operations asper the banks policy and procedures. Ensure all system executions are performed by operations and not Credit admin such as “limit input, fund disbursements and collateral updates on the core system” to avoid the occurrence of conflict of interest. Identify weak / defective aspects of credit applications, agreements, and documents, enforceability of security documentation submitted for review and coordinate with the relevant unit for rectification. Conduct periodic inspection of collateral to revalidate security lien and required loan to value (LTV). Follow-up on outstanding / pending credit facility, Monitor syndicated loans managed by Agency Unit or Third party facility agent. Conduct monitoring and control and ensure data integrity and arrange for periodic updates. Calculate value of collaterals on periodic basis and ensure that they are reflected in the systems and report to management where the collateral ratios are less than 100%. Report expired Insurance and appraisals, expired bank guarantee, real estate exposures on monthly basis to management. Maintain a list of all applications approved by CC and generate ratification report on quarterly basis. Detect “early warning signs”, and highlight to relationship manager to resolve potential issues with the client. Prepare portfolio and MIS reports. Identify and assess irregular customer’s credit condition, strength and weakness on negotiation, possible risky exposure, and probable loss to the bank if any. Monitoring of irregular accounts, conduct periodic / monthly reviews for accounts not resolved in 30 days, prepare a progress report and action to be taken by RM. Prepare daily irregular report and ensure that the all transactions done on previous dates received credit approval. Prepare and ensure all accounts have credit risk rating and facility expiry limits. Prepare and provide Focus List report, reports related to Group Credit Monitoring and Early warning. Prepare official assignment report to monitor repayments. Possess an understanding of business processes and controls in all related credit/ operational areas. Maintain an understanding of all pertinent regulations as well as best practices pertaining to the overall credit operations. Ensures high standards of confidentiality and ethics to safeguard any commercially sensitive or personal information. Maintains high professional standards to uphold the Bank's reputation and to strengthen its market leadership position. All other ad hoc duties and/or activities related to us that management may request of the employee from time to time Education/Experience Requirements: Bachelor degree preferably in finance, economics or related subjects. Minimum of 8 years’ experience in a major regional or international bank in a corporate or Credit function. Minimum 3 years in a supervisory capacity in credit administration function. Good quantitative modelling, analytical, and research skills. Established knowledge and experience in Credit Administration operations. Good background and experience in Corporate Finance, Retail and Private Banking, Investment Banking and banking operations in general. Proficiency in risk concepts, banking products/ operations/ systems, pertinent regulatory requirements, International Accounting Standards and related pronouncements. Superior knowledge and understanding of legal credit / security documentation and other relevant supporting documents. Knowledge of financial markets and products. Good understanding of credit risk methodologies (KMV, Credit Metrics, etc.), interest rate modelling [short rate models, HJM, BGM, etc.], VAR, and/or other complex financial risk modelling highly desirable. Self-motivated, eye for detail. Flexible team player and able to work and deliver under pressure. Ability to inspire and motivate others to gain commitment and lead teams from diverse cultural backgrounds. Ability to mentor, train and coach staff under supervision.
Contract Administrator - Knowledge in FAR/DFARS regulations - -Dubai
Dubai -PermanentMain Purpose of Job:Assist in the functioning of the contracts department in tendering, reporting and contract administration.Key Accountabilities:Preparation of Bids:Review the RFP / RFI / ITB received for completeness and prepare a schedule for the submission of the bid.Distribute RFP (and pertinent background documents) to appropriate staff / collate the questions for submission to the contracting officer.Participate in the development of cost and management proposals, estimating, pricing, subcontract cost/price analysis.Assist in the drafting and review of contractual terms and conditions, service agreements, SOW, non-disclosure agreements, teaming agreements and other commercial agreements with subcontractors and clients.Provide support on commercial contracts negotiations as required.Assist the management in various stages of the bid involving identification of partnerships/ obtaining all the relevant documentation (Past performance documents / teaming agreements/ LOI’s/Reference letters/ company certifications/ Representations and Certifications / back to back subcontractor agreements / Insurances / financial information) to be included in the bid.Make all the necessary preparations to ensure that the bid documents are dispatched on timeAdministration of Sub contracts:Prequalify contractors using questionnaires and appropriate evaluation criteria.Obtain regular feedback from operations regarding subcontractors and record the same in the subcontractor file for bi annual evaluation.Prepare RFP’s including SOW and Instruction to tenderers, general and special conditions for SubcontractorsIssue of Tenders to subcontractors, administration of tender clarifications, response to tender queriesPreparing and soliciting sole source and competitive solicitationsDevelops and maintains complete and accurate subcontract files including flow down of main contract terms and conditions, specifications, drawings, estimates, schedules, proposals and other baseline documents.Develops main contract flow-downs to be used for subcontracts under the main contractReviews and processes contract task orders and work assignments and any resultant change orders.Prepare award documents and award file documentation for review and signatureManagement of Contracts:Prepare contract documents incorporating all the agreed changes and get approval from Management and stake holders. Ensure all modifications are back to back with the Subcontractor contracts.During the life of contracts, respond to contract interpretation requests, negotiate and recommend variation orders as per the requirement of the work.Develop updates and ensure compliance of contract requirements in terms of deliverables and reporting.Conduct contract audit to ensure that the contractual requirements are being met operationally.Review incoming and outgoing correspondence pertinent to contract management processes and requirements.Conduct oversight of the contract accounting/ billing activities and operations to ensure accuracy, completeness, timeliness and proper compliance of all contractual requirements.Records and Databases / Templates:Develop and maintain complete and accurate contract files, and ensures that contract files are current, both electronic and manual.Maintain and ensure regular renewal of various memberships/ registrations.Create and maintain set of templates / checklists for the contract process in order to streamline the procedures and suggest process improvements.Reporting:Ensure monthly (or adhoc) reports, as required, are prepared and submitted within the set deadlines.Knowledge, Experience and Skills:Essential:Familiarity with contract life cycle from pre to post award along with the ability to read, analyze, interpret and respond to RFP and solicitationsDemonstrated ability to interpret an extensive variety of technical information and data including both abstract and concrete variablesPossess working knowledge of various types of federal contracts, the ability to apply Federal Acquisition Regulation (FAR) / DFARS and agency specific regulations. Background in contract administration for DoD contracts is a plus.RFP analysis and large scale proposal preparation / knowledge of latest trends in commercial contract management experience is a plusRelated experience of minimum 5+ years with a background in Maritime.Desirable:Legal experience in contracts management a plusEducation and Professional Qualifications:Essential:Graduate in CommerceQualification in PurchasingJob Types: Full-time, PermanentExperience:working knowledge of various types of FAR regulations: 3 years (Preferred)
* Legal experience in contracts management: 3 years (Preferred)
Contract Administration: 3 years (Preferred)