Associate - Financial Accounting Space42

Overview:

ABOUT US

Space42 (ADX: SPACE42) is a UAE-based AI-powered SpaceTech company that integrates satellite communications, geospatial analytics and artificial intelligence capabilities to enlighten the Earth from space. Established in 2024 following the successful merger between Bayanat and Yahsat, Space42’s global reach allows it to address the rapidly evolving needs of its customers in governments, enterprises, and communities.

Our vision is to pioneer beyond today for humanity to experience a better tomorrow. Space42 challenges traditional approaches with advanced AI and cutting-edge satellite technology, making space more accessible and redefining how data from space can be used on Earth. We aim to achieve this by connecting people to rewire potential, informing decisions to reimagine impact and enabling action to redefine tomorrow.

For more information visit: www.space42.ai, follow us on X and Instagram @Space42ai

Overview

We are looking for a Financial Accounting Officer with experience in Oracle ERP systems and a good understanding of Internal Controls over Financial Reporting (ICOFR). This role is responsible for accurate financial reporting, compliance with accounting standards, and maintaining strong internal controls to support audit readiness and regulatory compliance.

Key Accountabilities

• Maintain and manage general ledger accounts and ensure timely and accurate month-end and year-end closings using Oracle Fusion.
• Good knowledge in performing bank reconciliation, maintaining Fixed Asset Register & Project Module.
• Reconcile balance sheet accounts on a regular basis by preparing schedules and investigate discrepancies.
• Support internal and external audits by providing required documentation and explanations.
• Support the development and maintenance of documentation related to ICOFR processes and controls, including risk and control matrices
• Provide accounting services to internal customers and group entities meeting agreed service levels and collaborate with cross-functional departments.
• Support on financial accounting assignments, tasks, transactions including preparation of financial statements.
• Serve as first point of contact for financial information needs of external authorities like SCAD, TRA, Space Survey etc.
  
  

Technical Competencies

• Financial Accounting: The process of performing end-to-end accounting activities (also known as record-to-report) in line with general accounting practices and international financial reporting standards including revenue accounting, costs accounting, asset accounting etc.
• Budgets:The process of performing accounting activities in line with recognized local and international standards.
• Financial Analysis and reporting:The process of analyzing financial data; the process of reviewing and reconciling data for accuracy, consistency and completeness; creating external financial reports in compliance with international financial reporting standards including financial consolidation; creating internal management reports for performance reporting and decision making.
• Financial information management systems:The process of identifying and utilizing suitable financial information management systems. The process of maintaining and managing financial systems (ERP) with appropriate internal controls to deliver qualify financial information
• Financial resources management:The process of identifying, securing, distributing, and managing financial resources in an effective manner so that the organization’s strategic objectives are achieved
• Financial risk management and internal control:The process of identifying, assessing, mitigating, and managing financial risks that the organization might be exposed to in line with set policies and procedures; including review of customer and supplier contracts
• Finance operations: The process of carrying out routine finance operational functions including financial transaction processing, revenue assurance, supplier management, key account management, accounts payable, accounts receivable, reconciliations, insurance, VAT compliance and other financial services.
  
  

Qualifications:

• Bachelors degree in Accounting, Finance, or related field (CA/CPA/ACCA preferred).
• 3–5 years of relevant accounting experience, preferably in a corporate or shared service environment.
• Hands-on experience with Oracle Fusion modules (e.g., GL, AP, AR, FA,CM, Inventory & Project module).
• Ability to manage accounting tasks independently with tight deadlines & limited supervison, excellent attention to detail.
• Strong communication and interpersonal skills and exposure to internal or external audit processes.
• Knowledge of tools (e.g., Power Query, Oracle OTBI, or Spreadsheet Server) is a plus.
  
  

OUR BENEFITS & PERKS

• Competitive compensation packages and comprehensive medical insurance to support you and your family.
• Wellbeing-focused initiatives and resources, designed to enhance your personal and professional life.
• Access to exclusive discount programs, offering savings across various lifestyle and leisure experiences across the UAE.
  
  

WHAT MAKES A GREAT FIT

If you are performance-driven and possess an inquisitive mind with the agility to navigate ambiguity, you will thrive here. At the heart of the Space42 community is a bias for action and a passion for developing innovative, efficient space services through AI-driven smart solutions that drive technological advancements and create a better tomorrow.

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