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Accounting Jobs in the United Arab Emirates Research Paper

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Introduction

Accountants and other finance professionals are needed to develop a business organization that ensures the delivery of quality products and superb services. Without a doubt, this great demand for top-notch professionals is felt to a greater degree in the context of the banking sector, as well as key industries within the United Arab Emirates. The importance of accountants and finance professionals is seen not only in the necessity to develop a competitive advantage over other companies, but it is also manifested in the need to comply with accounting standards. Just like the rest of the globally competitive firms all over the planet, UAE-based corporations are also compelled to follow the IFRS framework or the Financial Reporting Standards.

Corporate leaders’ use of the IFRS framework is strengthened by the application of other methods that enhance the reporting process. The end goal is to ensure the profitability of the organization and prevent the negative outcome of poor financial accounting.

To hire highly qualified professionals that will serve as accountants and company regulators it is imperative to create the best strategy to attract and retain them through an effective hiring mechanism. It is also important to be mindful of the development of learning institutions that help shape the skills of accountants and finance professionals. The proponent of this study attempted to present an overview of the requirements of UAE-based firms when it comes to hiring accountants and finance professionals.

Literature

Methodology

The presentation of facts was made possible by scouring the World-Wide-Web and following leads generated from previous research with regards to the nature of the jobs performed by accountants and professionals. Information that was gleaned from the Internet was complimented by peer-reviewed materials, such as, journals and books. The authors of the said material discussed the needs of 21st-century business organizations, as well as the trends when it comes to handling the requirements of the IFRS framework. For example, in one reliable source, the author described the nature of the banking industry within the UAE. The author featured several well-known banks within the region. The author also highlighted the reasons for the success of the said banking institutions.

In the finance journal Accounting & Economics, the value of hiring a finance professional with skill sets that were well-suited to the organization was an eye-opener. Furthermore, one of the critical components in the hiring process made it compulsory for the creation of a filtering mechanism that weeds out candidates that are not going to adhere to certain ethical standards. Business leaders must choose finance professionals that are not going to tolerate unethical practices for the sake of creating misleading reports that paint a deceptive picture of the financial performance of the company.

Also, the Journal of Business Education provided insights as to the challenges faced by finance professionals eager to move up into high-paying positions, as well as those who are determined to work for the best company in the industry. This material reminded the proponent of this study that it is important to develop a remuneration package that is attractive to the top candidates in the job market. However, it is also a reminder to create an effective hiring mechanism that communicates the needs of the company.

Finally, one of the most helpful sources of information was the Journal of New Business Ideas & Trends, because this material provided key insights with regards to management accounting and job advertisements that were created to attract top candidates in the field of finance management and accountancy. The information collated from various sources provided the backbone for the creation of a report that describes the skills set that accountants and finance professionals must possess to improve the financial regulation of the company.

Data

AdvertisementRoleRequired SkillProfessional qualificationEducational qualificationExperienceSector
Plant Finance ControllerControlling the finances of the firm both in terms of revenues and expenses
  • Analytically strong, on top of the numbers and able to generate insight;
  • able to think strategically but also pragmatic and close to day-to-day operations;
  • ambitious and motivated to perform and deliver results;
  • able and willing to perform a leadership role;
  • strong proven understanding of manufacturing operations, costing and inventory control ;
  • solid knowledge of relevant accounting standards.
Professional qualifications will be an advantage.The ideal applicant must have a minimum Master’s Degree in Business, Finance or Accounting;Minimum of 10 years of experience in accounting and/or controlling in an international environment, minimum of 5 years of experience in managing a teamBanking
AccountantFinance Controller
  • Good people skills are essential; Needs to be able to work cooperatively and positively with staff;
  • must be highly attentive to detail;
  • ability to understand and implement change would be highly desirable;
  • must have advanced excel skills.
Should have an Accounting Designation (ACCA, CA, CPA, etc.)University degree in accounting (Ideally western educated).Should have a minimum of 5 years’ experience;
should have experience working directly with owners and senior management.
Healthcare
Chief Accountant
  • Accounting;
  • Managing GL accounts and Payables;
  • Resolving the queries relating to statutory & Internal audit and completing the audit;
  • managing routine matters of Accounts payable; creating automated reporting and accounting.
Excellent mastery of excel and SQL;
Conversant with International Financial Reporting Standards.
Good knowledge of ERP.CA holder.2-5 yearsEngineering
Management Accountant
  • Handling Accounting procedures;
  • preparing MIS reports, Ratio & Variance Analysis.
Must be very well-versed in Excel & Oracle ERP systems.Bachelor of Commerce3-5 years;
Experience in a contracting company is preferred.
Construction/Civil Engineering
Chief AccountantAccountant in Finance and Accounts:
Banking, Inter-company Reconciliation, Inventory management, Accounts Payable, Accounts Receivable, Budgeting,
Cost Control, Internal & External audit function, and all other related activities till Finalization
Should possess excellent communication, analytical, interpersonal and time management skills;
able to handle a team of 6 to 10 accounts.
Qualified CharteredAccountant
From Catering/Retail/FMCG/General Trading Sector
Bachelor of Commerce4-9 years;
Must have prior work experience on an ERP platform, preferably on SAP.
Banking
Finance ManagerAssist in business planning and decision-making tasks by providing appropriate financial advice and undertaking related accounts administration;
manage funds in such a manner as to maximize return on investment while minimizing risk and ensuring that an adequate control structure is in place over the transfer and investment of funds;
engage in financial analysis as forecasting, budgeting cost-related analysis, and reviewing performance review;
oversee the flow of cash and financial instruments (stocks, bonds, etc.);
control all payment transactions (cash or check) and bank deposit; receive purchase orders for payment.
  • Critical thinking;
  • time management;
  • good oral, written and communication skills (English, Arabic, French is a plus);
  • leadership and managerial skills;
  • excellent problem-solving and analytical skills.
Qualified CharteredAccountant
From Catering/Retail/FMCG/General Trading Sector
Master’s Degree in Business Administration –Focus Banking & Finance.Minimum 7-10 years of experience in the finance and accounting field;
must have prior work experience on an ERP platform, preferably on SAP.
Service
Head of Audit and Risk
  • Risk Policies – develop operational risk-related policies and procedures in line with the needs of the Centre and best practice within the industry;
  • performance monitoring – review performance against risk related policies and procedures in Operations, Finance and IT;
  • advising of irregularities, recommending corrective action and following up to ensure full compliance.;
  • Risk Measurement – develop and apply risk measurement tools that facilitate the identification of risk exposure and assist in the process of reviewing and ensuring risk mitigations are working as intended.
  • Strong interpersonal skills;
  • analytical skills;
  • comprehensive knowledge of auditing standards and techniques;
  • up to date knowledge of computer applications available for efficient audits;
  • time management skills;
  • able to handle a team of 6 to 10 accounts.
Qualified CharteredAccountant
From Catering/Retail/FMCG/General Trading Sector
Bachelor Degree from a recognized University or College and recognized member of a professional accounting body (CA, ACA, CIA, CPA)10 years of experience in an internal auditing or accounting environment;
Must have prior work experience on an ERP platform, preferably on SAP.
Service
Cost Control Engineer
  • Prepare monthly project cost reports and forward to cost control manager for review and later for management submission;
  • support management in decision making regarding expediting of project completion and set deadlines to the operations team in case of delay;
  • liaison with other departments regarding cost control reporting.
  • Strong interpersonal skills;
  • analytical skills, comprehensive knowledge of auditing standards and techniques;
  • up to date knowledge of computer applications available for efficient audits.
Contract Management / Estimation / Tendering / Quantity SurveyingBachelor of Technology/
Engineering
(Mechanical)
Candidates should have experience in Façade Industry 3-5 yearsManufacturing
Chief AccountantResponsible for Banking, inter-company reconciliation, inventory management, Accounts Payable, Accounts Receivable, Budgeting,
Cost Control, Internal & External audit function, and all other related activities till finalization.
  • Strong interpersonal skills;
  • analytical skills;
  • comprehensive knowledge of auditing standards and techniques;
  • up to date knowledge of computer applications available for efficient audits.
Contract Management / Estimation / Tendering / Quantity SurveyingBachelor of Technology/
Engineering
(Mechanical)
Minimum 4-5 years
of post-qualification experience from Catering/Retail/
FMCG/General Trading Sector;
Prior work experience on an ERP platform,
preferably on SAP
Manufacturing
Accountant
  • Finalization of accounts, AP, AR, payroll, cash flow, and balance sheet schedule preparations; supplier payments and following up with creditors on disputes and outstanding payments; management reporting, compliance, audit, and control;
  • conduct site visits to conduct financial audits;
  • asset and inventory management;
  • financial and variance analysis and revenue forecasting and budgeting;
  • MIS reporting.
Excellent working knowledge of GAAP and IFRS.Proven track record in accounting managementBachelor of
Accounting
(Mechanical)
5 – 7 years’ experience in the UAEEngineering
Accountant with SAP Experience
  • Accounts, finance, tax; company administration, auditing accounts, SAP, Accounts Payable;
  • vendor reconciliation;
  • invoice checking;
  • cost allocation.
Commerce, ICWA(CMA), CACommercePG2-4 yearsManagement
Management accountant
  • Management Accounting (Accounts Receivable, Accounts Payable); Finance Credit Control;
  • Banking SAP, FI, Master Data;
  • Standardization of Business Processes;
  • Gl documents reporting;
  • monthly closing and year closing;
  • Capex and Opex Budget control.
AnyAny5 years and aboveSoftware services
Senior Financial Analyst – Budgeting And Reporting
  • Standardization of Business Processes,
  • Support the commercial teams through the development/execution of strong financial-based analysis linking to due diligence, costing and return on investment;
  • Credit Master Data Management;
  • Capex and Opex Budget and Control;
  • monthly closing and year closing;
  • Gl documents report;
  • Credit Management Report;
  • Accounts Payable
  • Reporting.
Strong financial / business insight and commentaries; mobile and willing to travel across the MEA markets.Chartered AccountantMBA (accounting)7-12 yearsBanking and Financial services
Finance Manager
  • Drive continuous process improvements around forecasting and close process to allow faster response and a deeper level of analysis;
  • provide insightful financial analysis of consolidated results, including budgets, forecasts, and month-end results;
  • determine key drivers of business performance and Identify major risks and opportunities to the forecast and work proactively;
  • work significant projects as they arise;
  • business partner with local leadership as well as reporting function within EMEA;
  • support annual operating plan (AOP) and strategic planning initiatives;
  • Ensure GAAP (Generally Accepted Accounting Principles) compliance and overall financial accuracy;
  • work closely in partnership (FP&A) team in the development of the forecast, reports, and plans.
  • Strong skills in information technology financial applications and Excel financial models;
  • understanding of e-commerce and online business models;
  • strong oral and written communication skills
  • (preferably Arabic speaking);
  • excellent analytic and problem-solving skills;
  • ability to interact effectively and confidently with all levels of the organization;
  • strong attention to detail and ability to understand/interpret complex data and communicate it in a simple way across functional groups;
  • time management, organization, and prioritization skills;
  • ability to drive process improvement and own complex analysis.
Bachelor of Commerce (Commerce), Bachelor of Business Administration(Management).5 – 10 yearsE-commerce
Management Accountant
  • Preparing reports, budgets, commentaries, and financial statements;
  • undertaking financial administration and internal audits;
  • liaising with managerial staff and other colleagues
  • developing and managing financial systems/policies;
  • negotiating and obtaining finance for major projects controlling income and expenditure;
  • review bank statements and prepare periodic bank reconciliation statements;
  • verify all A&S payments and submit to authorized signatories;
  • provide all the necessary clarification to the internal and external auditors;
  • perform such other duties as requested by the Chief Accountant.
  • Strong financial/ business insight and commentaries;
  • be mobile and willing to travel across the MEA markets;
  • Computer literate and hands-on use of accounting software;
  • fluency in English;
  • SAP knowledge is an advantage.
Accounts / Taxation/ Audit/ Company Secretary
CPA / CA;
Chartered Accountant;
ICWA Inter(Cost & Works Accountant),;
Chartered Financial Analyst
Master of Commerce, Bachelor of Commerce;
Master in Finance or related degree or equivalent level of accounting training.
2 – 5 yearsAutomotive/automobile
Financial Controller
  • Prepare and present input related to organizational, departmental, and operational and project budgets to the next reporting line;
  • support all internal financial controls to include purchasing, cash handling, receipts, disbursements, expendable/fixed asset inventories, payroll and records to insurance policies are enforced;
  • Represent and promote the Company in a positive manner at all times to maintain a professional brand image to all concerned stakeholders;
  • manage and control the actual cost versus budget periodically and provide analytical feedback related to the department’s financial performance.
  • Understand and follow all Standard Operating Procedures;
  • display a friendly, helpful and cheerful attitude while communicating effectively with Guests and Colleagues;
  • effective oral and written communications skills in English;
  • good interpersonal skills for interacting with people;
  • multi-tasking, problem-solving and judgment skills;
  • team player;
  • the ability of meeting assigned targets.
.Bachelor of Commerce;
Bachelors degree in Business, Finance, Economics, Accounting or related field with any professional qualification or Masters in Finance or any other relevant degree
10 – 15 years;
A minimum of 5 years experience in a similar role in the U.A.E;
A minimum of 3 years experience in a similar role in the Hospitality industry;
A minimum of 11 years of overall experience in a related field.
IT – Software Services
Assistant Manager, Financial Planning & Analysis
  • Assist in the coordination and preparation of the annual operating budget;
  • act as a liaison between operating groups and the Financial Planning and Analysis department to receive timely budget and/or forecast submissions;
  • work with operating entities to identify the cause of significant variances from budget and forecast to actual results;
  • develop project plans to include: analytical methodologies, identifying data and resource requirements and setting timelines and deliverables;
  • represent and promote the Company in a positive manner at all times to maintain a professional brand image to all concerned stakeholders;
  • assist senior management in preparing financial and strategic plans/presentations;
  • perform various ad-hoc financial analyses and projects;
  • assist in compiling competitive information for analysis and presentation purposes.
  • Strong analytical skills;
  • understand and follow all Standard Operating Procedures;
  • friendly, helpful and cheerful attitude while communicating effectively with Guests and Colleagues;
  • technical understanding of business planning processes;
  • Excellent research skills, strong interpersonal skills and the ability to think creatively and interact at all levels of the organization;
  • Strong drive to improve processes and productivity.
Any professional qualification (MBA preferred)Bachelor’s degree in Hospitality Management with a focus on Finance or Bachelor’s degree in Finance or Accounting required; Bachelors degree in Business, Finance, Economics, Accounting or related field5-10 years;
Extensive experience working in Excel, Word, Project, and PowerPoint
Healthcare
Cost Analyst
  • Assist in the financial matters related to alliance according to the SCA & the subsequent fixtures approved by V.P. operations;
  • confirming calculations about company invoices; assisting in the preparation of budgets, estimates & related variance analysis; conversion of the permanent variances into slot rates;
  • answering to various queries of the partners;
  • checking of the slot rates and bunker prices about partners vessels before they form part of the slot costs;
  • managing the slot settlement with partners;
  • monthly invoicing to partners for various joint ventures about slots on our vessels according to SCA & agreed on fixtures from time to time;
  • review of various port & bunker costs sitting in the ledger with a view to Slot rates, analysis of system cost variance & budget preparation.
  • Organizational commitment;
  • Teamwork and co-operation skills;
  • flexibility;
  • analytical thinking;
  • information-seeking skill;
  • PC Literate;
  • good understanding of shipping terminology and ports info;
  • fluent in English (Arabic is desirable).
University Graduate in Accounting4-5 yearsconstruction
Management Accountant
  • Reporting on the performance of the firm’s management activities (fee income v costs), investment activities (returns on investments) and the performance of underlying funds separately;
  • preparing monthly financial statements, including profit and loss accounts, cash flows, variance analysis, and commentaries;
  • providing a support service by working with all departments and the management team to help make financial decisions;
  • analyzing financial performance and so contributing to medium and long-term business planning/forecasts; assist in the building up of slot rates;
  • preparation of slot rates for various services by the SCA & various fixtures from time to time as agreed by JOC’s;
  • checking of the slot rates & bunker prices about partners vessels before they form part of the slot costs;
  • managing the slot settlement with partners;
  • monthly invoicing to partners for various joint ventures about slots on our vessels according to SCA and agreed on fixtures from time to time.
Excellent communication skillsProfessional Accounting Qualification – ACA, ACCA, CPAMBA/PG Diploma in Business Mgmt, Chartered Financial Analyst(Finance)4-5 yearsTransport

Findings

Table 1: Roles.

RolesNumber of advertisements
Controlling finances2
Accounting and administration3
Handling accounting procedures8
Financial analysis2
Number of advertisements.
Number of advertisements.

Sector.

SectorNumber of advertisements
Banking4
Healthcare6
Engineering5
IT5
Construction2
Transport3
Sector.
Figure 2: Sector.

Table 2. Type of skills

Required skillsNumber of advertisements
Analytical skills5
Strategic thinking2
Understand Standard Operating Procedures7
Communication6
Effective interaction4
Skills.
Figure 3: Skills.

Table 3 Professional qualification e.g. CPA, CIMA, ACCA.

Professional qualificationNumber of advertisements
CPA3
CIMA2
CA6
Certified Surveyor2
ICWA2
ACCA2
Professional qualification.
Figure 4: Professional qualification.

Table 4 Educational qualification

Educational qualificationNumber of advertisements
Diploma certificate5
Bachelor’s degree of commerce9
Bachelor’s degree of accounting2
Bachelor’s degree of engineering/technology1
Bachelor’s degree of hospitality1
Master’s degree in business/finance/accounting/commerce5
Doctorate degree1
Educational Qualification.
Figure 5: Educational Qualification.

Table 5 Experience.

Experience (years)Number of advertisements
1-26
2-33
3-48
4-55
5-102
Experience.
Figure 6: Experience.

Analysis

Role

From the role perspective, potential employees are mainly supposed to handle standard accounting procedures and provide the relevant consultations. More specific operations, such as financial control and analysis were to be found in only two advertisements.

Skills

From the standpoint of the skills required, the analysis of the advertisements shows that the major part of employers are interested in such skills as interpersonal, communicational, and the ability to use specific computer programs (Word Excel, Power Point, etc.). Additionally, it should be pointed out that most of the recruiters would prefer to collaborate with bilingual speakers – almost all the advertisements requires that the applicant speaks both English and Arabic languages.

Professional Qualification

Considering the required professional qualification, it turned out to be the secondary issue for many employers. Thus, some advertisements fail to mention this point at all, while others would state that any additional professional qualifications might be potentially appreciated. Only a few employers are specific about this point, emphasizing the need for such qualifications as ACA, ACCA, and CPA.

Educational Qualification

The need for educational qualifications is outlined more evidently. Thus, it might be supposed that there is a consensus on the target education within this job market –most employers agree on the fact they will be satisfied with bachelor’s degrees. However, it is likewise clear that a master’s in the relevant specialization is considered to be a significant advantage.

Experience

The desirable experience period might be summarized as 2-5 years. Hence, most employers wish to higher experienced workers that have some understanding of the job specificity and know how to operate the necessary accounting programs. Only a couple of employers indicated the need for a proven experience record.

Sector

The major part of accounting-related advertisements was to be found in the healthcare sector. A large percentage of vacancies were posted in the engineering and IT specialties.

Literature Review

Globalization and technological developments have opened the international market. Therefore, an accounting career needs some adjustments to prepare professionals to work in an increasingly competitive marketplace (Landgraf, Stanko, and Jinkerson 56).

The issue related to the internationalization of accounting is already attracting the interest of some accounting scientists to carry out more elaborate studies that address difficulties and innovations which usually arise on a daily basis. Accounting expertise is performed by accounting professionals. Research studies in the UAE indicate that an irreproachable ethical attitude and thorough accounting knowledge are the two major attributes valued among accountants by most employers. When exercising expert function, an accountant has the obligation of demonstrating all possible efforts in pursuit of honest transactions by transcribing to Expert Assessment Report (France 47). Accountants are also expected to exercise maximum independence and absolute ethics in the course of discharging their duties.

The accounting expertise as an activity or function can never be regarded as a profession according taken by some financial scholars since it demands a lot of commitment. There are still several problems and obstacles to be overcome by the accounting class (Rao, Higgins, and Baird 56).

The profile of a modern accountant comprises of an individual who has accumulated a lot of knowledge within the accounting and general knowledge domain. Nevertheless, it has a guaranteed job market(Landgraf et al 57). Needless to say, higher pay requires quality work. The professionals in this field have to be technically smart and possess the creative ability, be proactive and have high integrity. They should not be afraid of taking risks, be selfless, have good communication skills, and understand the systematic and economic-financial conditions.

Accountants are also supposed to comprehend the technical aspects of their responsibilities at work. It has been observed that beyond the technical domain of the profession, the accounting experts must be able to apply knowledge from other disciplines (Mucenski-Keck, Hintz, and Fedoryshyn 540). In defining the competencies and skills required in the accounting profession alongside the desired profile, the following aspects stand out:

  1. Appropriate use of accounting terminologies and language used for communication.
  2. Background accounting and Actuarial Sciences knowledge.
  3. Ability to prepare opinions and reports that contribute to the efficient and effective performance of a firm irrespective of the organizational models that are in place.
  4. Developing, analyzing and implementing accounting information systems.

An accountant makes a difference in day to day operations of an organization. Hence, it allows other management teams and employees to focus on more strategic activities that do not necessarily deal with accounting (France 42). An accountant should always be available, refresh operational knowledge, and know-how to work in teams. Accountants should also be swift in executing the mission, vision, and organizational culture of a firm.

An accountant should be available and proactive. In addition to seeking basic qualifications when hiring an accountant for an organization, research studies document that rigorous academic training is necessary. He or she should also be a registered member of a professional accounting body (Landgraf et al 57).

The hiring team should assess how the job seeker responds when faced with situations that are beyond the traditional scope of their work even if he can perform additional services in an organization (France 42). A successful accountant responds promptly to demands.

One of the attributes of successful accountants is an innovative ability not only in their area but in other market sectors. For this reason, they should constantly take extension courses and seek technical training to improve their proficiency. An accounting officer may act in several professional fronts, in addition to his or her accounting management job. Companies, public bodies, and non-governmental organizations do hire accounting professionals in various fields.

Forensic Accountant

Increasingly judicial and arbitral awards seek to be guided by technical reports from accounting experts since they provide the rigor of research, the independence and reliability of calculations and opinions on controversies as tax assets, profits, tax disputes, and evaluation of equity (France 49).

Auditor

These are professionals with an academic background in the accounting discipline. They are also expected to acquire higher education and enrolled in a professional body in a region like the United Arab Emirates. They may audit and issue an opinion on various entities.

In a research study conducted to establish the job roles of accountants, it was found out that most respondents give feedback like independent auditors and tax agents (Landgraf et al 57). Research studies document that majority do not specifically understand the roles executed by accountants in organizations. Quite a large number of accountants sometimes fail to understand their roles at the workplace (Meymandi, Rajabdoory, and Asoodeh 137).

Accounting knowledge is applicable in various workplace applications and different firms or organizations. For example, the functions of a chief financial officer tend to overlap with that of the internal auditor of a company or the independent director (Dalton, Davis, and Viator 64).

In regards to job advertisements for accountants, the different accounting portfolios are usually spelled out and different so that the prospective job applicants can appreciate the various roles, academic background, professional and educational training as well as experience.

Nonetheless, financial reporting quality is the threshold of professional accounting jobs in organizations. When employers advertise for accounting positions in the UAE and the rest of the world, the most outstanding requirement is usually the quality of services to be offered. Safeguarding the integrity of a business organization is largely determined by the nature or standard of financial reporting. All forms of financial data generated by an organization should be treated with due caution by the concerned accountants (Meymandi et al 138).

Discussion

The accountants and other finance professionals play an important role in managing accounting transactions and controlling the finance of the organization. The importance of finance professionals has increased in the banking industry and other industries in the United Arab Emirates (UAE). The organizations are following International Financial Reporting Standards (IFRS) and other best practices for financial reporting that enhance their financial performance. The banking industry recruits qualified and skilled accountants and it requires significant experience to perform different accounting responsibilities as compared to other industries.

The UAE banks seek highly qualified accountants in different capacities to meet the standards set by the UAE regulatory bodies and government. The UAE government gives high value to accounting education and offers free education to UAE nationals in this field. Different institutes have been established to provide high-level education and technical training in different skills such as finance, accounting, and banking.

Finance professionals perform different tasks such as examining financial records, preparing financial statements, and ensuring completeness and accuracy of financial data. The banking industry requires applicants to hold a Master’s degree in Accounting and Business Administration. Individuals with professional certifications are also preferred. The banking industry requires various skills such as analytical skills and communication skills. On the other hand, the construction industry mostly requires applicants to hold a bachelor’s degree and also low-skilled workers as compared to the banking sector. It requires candidates with relevant experience so that they can understand the business requirements and perform their duties effectively.

Conclusion

The table provided above shows that the banking industry requires individuals to have 5-10 years of experience. Other industries require individuals seeking jobs in accounting and finance departments to have less than five years of experience. The banks employ individuals for different senior positions that are different from other industries. The UAE experience is mandatory for certain accounting and finance jobs in the banking sector.

In 2015, the UAE banking industry experienced significant growth that enhanced the country’s economy. Accountants and finance professionals are directly involved in the development of the banking sector. Therefore, banks must hire highly skilled and qualified individuals for performing different accounting and finance tasks. The competition is high between Emirates NBD, National Bank of Abu Dhabi, Noor Bank, and Dubai Islamic Bank, and they seek the best candidates (MarketLine 7).

The IT and software service industry also needs highly experienced and qualified individuals for Finance Controller and Accounts Administration roles. The candidates with analytical, interpersonal, leadership, cooperation, accounting ethics, and other skills are given preference for different accounting positions. Recruiters in different industries review the educational and professional background of individuals and only those individuals who have relevant education and experience are hired for accounting and finance-related roles. The banks and other financial institutions directly depend on the performance of the finance department and employees working in this department are considered as key assets for managing and improving their performance.

References

Dalton, Derek, Ann Boyd Davis, and Ralph Viator. “The Joint Effect of Unfavorable Supervisory Feedback Environments And External Mentoring on Job Attitudes And Job Outcomes in The Public Accounting Profession.” Behavioral Research In Accounting 27.2 (2015): 53-76. Print.

France, Adrian. “Management Accounting Practices Reflected In Job Advertisements.” Journal of New Business Ideas & Trends 8.2 (2010): 41-57. Print.

Landgraf, Ellen, Brian Stanko, and DarciaJinkerson. “Preparing For The Profession: The Accounting Job Search And Beyond.” Contemporary Issues In Education Research 5.4 (2012): 315-326. Print.

Meymandi, AzamRoosta, HosseinRajabdoory, and ZibaAsoodeh. “The Reasons for Considering Ethics In Accounting Job.” International Journal of Management, Accounting & Economics 2.2 (2015): 136-143. Print.

Mucenski-Keck, Lynn, Arthur Hintz, and Michael Fedoryshyn. “Planning For Your Second Accounting Job.” American Journal of Business Education 5.5 (2012): 539-546. Print.

Rao, Arundhati, Leslee Higgins, and Jane Baird. “Traditional Gender Roles And Job Attribute Preferences: A Look At Viewpoints of Male And Female Accounting Students.” Academy Of Business Research Journal 3.1(2014): 47-63. Print.

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