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Finance Manager – Oil Trading

Confidential · Dubai, United Arab Emirates

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The incumbent will lead the Finance & Accounting function supporting the Oil Trading business, providing accurate trade finance, risk, and management reporting to enable effective decision-making. The role manages financial control, working capital, and treasury activities across physical and paper oil trading operations ResponsibilitiesOversee preparation and presentation of financial statements for assigned trading entities, ensuring accuracy and compliance with GAAP/IFRS and relevant regulatory requirements.Manage trade finance instruments (letters of credit, documentary collections, guarantees) and liaise with banks and trade finance providers to support physical oil trading operations.Monitor and report on mark-to-market (MTM) positions, hedging activity, and commodity price risk in coordination with the trading and risk desks.Manage cash flow, liquidity, and working capital across trading cycles, including cargo financing, demurrage, and freight settlements.Coordinate and manage external and internal audits, ensuring timely completion and resolution of audit findings.Stay updated on changes in accounting standards and trade/commodity regulations; ensure compliance with financial and legal reporting obligations (CBCR, ESR, UBO declarations, etc.).Contribute to the consolidation of accounts across group trading entities.Supervise preparation, filing, and reconciliation of taxes, VAT/WHT, customs duties, and related refunds and claims.Review and validate trade settlements, invoicing, and reconciliation of physical cargo and paper (derivatives) positions.Lead and mentor a team of finance professionals, providing guidance, coaching, and support to foster growth and development.Build and maintain relationships with internal and external stakeholders, including traders, executives, board members, investors, auditors, brokers, and regulatory authorities.Support ad-hoc projects, new trade structures, and market entry initiatives as requested by the Line Manager.Adhere to company values (excellence, integrity, relationships, accountability).QualificationsBachelor's degree in Finance, Accounting, Economics, or a related field.MBA, CMA, CFA, or ACA/ACCA/CPA qualification highly preferred.12+ years' experience in finance, with a significant portion in oil/commodity trading, energy, or a related trading environment.In-depth knowledge of physical and financial (paper) oil trading structures, trade finance instruments, and commodity risk management.Strong understanding of financial regulations, accounting principles, and tax/customs compliance relevant to cross-border commodity trading.Demonstrated experience working with letters of credit, hedging/derivatives accounting, and multi-jurisdictional entity structures.Skills RequiredAdvanced proficiency with Microsoft Excel; working knowledge of CTRM systems (e.g. Eka, Aspect, ComTrak, Amphora) and SAP preferred.Hands-on experience with SAP S/4HANA, including FI/CO modules (GL, A/P, A/R, bank accounting), month-end close, and reporting (Fiori apps/embedded analytics); exposure to MM/SD integration for cargo purchase/sales flows is an advantage.Excellent analytical skills and the ability to interpret complex financial and trading data, including MTM and P&L attribution.