Senior GL Accountant

Job description / Role

Plan, coordinate, supervise and control the efficient maintenance of the General Ledger function, of QGTC’s subsidiary/Joint venture vessel companies while ensuring compliance with all relevant accounting policies and procedures of the company. Provide guidance and support to the GL accounting team, promoting the continuous improvement of accounting processes and system. The role involves close collaboration with IT to handle accounting system integrations, process automation and implementation of technology driven solutions.

Key Accountabilities:

General Ledger Management of Subsidiary/Joint venture vessel entities
• Support the Head of General Accounting with overseeing and managing the entire general ledger process, ensuring accuracy, completeness, and compliance with accounting standards (e.g., IFRS).
• Maintain and reconcile all GL accounts, including vessel-related accounts, intercompany transactions, and provisions.
• Ensure proper accounting treatment of vessel acquisition, depreciation, impairment, and operating expenses.

Monthly, Quarterly, and Annual Closings of subsidiary vessel entities
• Support the Head of General Accounting with leading the monthly, quarterly, and annual closing processes, ensuring deadlines are met.
• Review complex journal entries, including accruals, deferrals, and reclassifications.
• Perform variance analysis and provide detailed explanations for financial results.

Update accruals and settlement of loan and swap related transactions in SAP
• Process and post receipt, principal, and interest repayments to appropriate GL accounts.
• Schedule and execute loan repayments, ensuring accuracy in principal and interest allocation.
• Calculate accrued interest and post it to the respective GL accounts.
• Reconcile interest expenses against loan / swap agreements.
• Ensure adherence to IFRS/GAAP standards and company policies.

Intercompany & Foreign Transactions
• Handle intercompany reconciliations and settlements across multiple entities.
• Manage multi-currency transactions, including foreign exchange gains/losses.

Identify inefficiencies and suggest process enhancements
• Accounting System Optimization: Identify opportunities to automate repetitive accounting processes, reducing manual input and increasing efficiency. Work closely with IT to improve the functionality, ensuring accurate data flow between finance and technology platforms.
• Process Automation and Efficiency: Identify areas for process improvements in accounting workflows and collaborate with IT to implement automation and technology solutions. Develop and implement improved workflows for closing processes, reporting, and reconciliations.
• Support Financial Projects: Participate in special accounting projects, such as new software implementations, data migration, or system upgrades, to improve overall financial operations.

• Bachelor’s degree in accounting or any related field.
• Accounting specialized certificates preferred (CPA, CA, ACCA, CIMA, CMA)

Experience:
• Minimum of 6 years of related experience in a similar position, preferably in a similar industry

Job Specific Skills:
• Knowledge of accounting and financial principles and tools (International Financial Reporting Standards, GAAP etc.)
• Knowledge of SAP related modules.

About the Company

Established in 2004, Nakilat is a shipping and maritime company based in the State of Qatar. With one of the world's largest Liquefied Natural Gas (LNG) shipping fleet comprising of 69 LNG carriers, the company provides the essential transportation link in Qatar's LNG supply chain. Through its wholly-owned subsidiary Nakilat Shipping Qatar Limited (NSQL), the company manages and operates one floating storage regasification unit (FSRU), four very large LPG carriers (VLGCs) and 24 LNG carriers.

In addition to its core shipping activities, Nakilat operates the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, providing comprehensive ship repair and offshore fabrication services via strategic joint ventures: Qatar Shipyard Technology Solutions and Qatar Fabrication Company (QFAB). It also provides shipping agency services through Nakilat Agency Company (NAC) at all Qatari Ports and terminals, as well as towage and other marine support services through its joint venture Nakilat SvitzerWijsmuller (NSW). The company's Vessel Support Unit (VSU) offers chandlery, storage, logistics services for vessels operating in Qatari waters.