Job Description

Roles & Responsibilities

• Ensure accurate maintenance of the general ledger in accordance with IFRS and company accounting policies.
• 
  
• Ø Prepare and review monthly, quarterly, and annual financial reports.
• 
  
• Ø Execute month-end and year-end closing activities within prescribed timelines.
• 
  
• Ø Ensure proper accounting treatment of accruals, prepayments, provisions, and adjustments.
• 
  
• Ø Monitor project costs against approved budgets and cost breakdown structures.
• 
  
• Ø Ensure accurate recording of Direct and indirect project costs, Site expenses, Material usage and subcontractor costs.
• 
  
• Ø Prepare and maintain Work-in-Progress (WIP) reports.
• 
  
• Ø Monitor project profitability and identify cost variances and potential financial risks.
• 
  
• Ø Support revenue recognition in accordance with project progress and contractual terms.
• 
  
• Ø Assist in preparation of annual budgets and periodic forecasts.
• 
  
• Ø Monitor project cash flows including Customer invoicing, Advance payments, Retentions and Collections.
• 
  
• Ø Support cash flow planning and working capital management.
• 
  
• Ø Ensure compliance with applicable VAT laws and regulations.
• 
  
• Ø Review VAT computations, returns, and supporting documentation.
• 
  
• Ø Ensure adherence to internal control procedures and financial policies.
• 
  
• Ø Support internal and external audit activities and address audit observations.
• 
  
• Ø Review and monitor accounts payable and subcontractor payments.
• 
  
• Ø Ensure proper reconciliation of Bank accounts, Supplier and subcontractor accounts and Customer accounts.
• 
  
• Ø Monitor collections and coordinate with relevant departments to resolve billing issues.
• 
  
• Ø Liaise with project managers to review project financial performance.
• 
  
• Ø Coordinate with procurement and site teams on cost-related matters.
• 
  
• Ø Provide financial information and explanations to management as required.
• 
  
• Ø Liaise with auditors, banks, consultants, and regulatory authorities when necessary.
• 
  
• Ø Guide and supervise junior accounting staff and Review work outputs to ensure accuracy and compliance.
• 
  
• Ø Review and validate accounting entries, journals, and reconciliations.
• 
  
• Ø Approve routine accounting adjustments within delegated authority limits.
• 
  
• Ø Recommend corrective actions related to cost overruns and accounting discrepancies.
• 
  
• Ø Access financial systems, accounting records, and project financial data.
• 
  
• Ø Communicate directly with Project managers, External auditors, Banks and financial institutions.
• 
  
• Ø Escalate financial risks, control breaches, or compliance issues to the Finance Manager.
• 
  
• Ø Compliance with accounting standards and company policies.
• 
  
• Ø Timely completion of assigned financial and reporting responsibilities.

Desired Candidate Profile

• Bachelor’s degree in accounting, Finance or commerce. Ø Professional Certifications ACCA, CPA, CMA or VAT / Taxation certification are Preferred. Ø 5–8 years of accounting experience. Ø Strong knowledge in IFRS, Accrual accounting principles and Month-end and year-end closing. Ø Proficiency in accounting ERP systems (SAP, Oracle, Tally, Sage, QuickBooks, or similar) Ø Advanced understanding of Project-based accounting, Cost allocation, cost control, WIP accounting, Variations, claims, retention and back charges. Ø Professional in Journal entries, accruals, reconciliations, month-end and year-end closing procedures. Ø Familiarity with Project Lifecycle from design to handover, Site expenses and material consumption tracking. Ø Experience of UAE VAT laws and compliance (VAT filing, audits, reversals). Ø Compliance Knowledge of External and internal audit requirements. Ø Professional in Financial reporting, analysis, Project financial performance monitoring, Budgeting, forecasting, cash-flow analysis, Cost variance and margin analysis. Ø Ability to Identify financial risks and recommend corrective actions. Ø Proficiency in accounting ERP systems (SAP, Oracle, Tally, Sage, QuickBooks, or similar). Ø Ability to Explain financial data with stakeholders and Coordinate with project managers and procurement. Ø Professional interaction with Auditors, Banks, Tax authorities, Vendors and subcontractors. Ø Ability to supervise mentor junior accountants, Task delegation, review, ensuring deadlines are met accurately. Ø Professional in preparing financial statements and Consistent on-time delivery of financial reports.
•