Senior Accountant
Job post summary
Job description:
Position Overview: The Senior Accountant will be responsible for overseeing and executing
accurate ?nancial reporting, project\-based accounting, and compliance with VAT and regulatory
standards. The role requires hands\-on experience in managing project cost tracking, revenue
recognition, budgeting, and monthly closing activities in a dynamic, multi\-vertical engineering
environment.
Key Responsibilities:
General Ledger and Financial Management:
⢠Maintain and reconcile the general ledger, ensuring accurate journal entries and
allocations.
⢠Oversee day\-to\-day accounting activities including bank reconciliations, cash and petty
cash management.
⢠Conduct monthly, quarterly and year\-end closings with complete supporting schedules.
⢠Ensure ?nancial records are maintained in compliance with approved policies and
procedures.
Project Accounting & Cost Control:
⢠Monitor and track actual project costs (material, labor, subcontracting) against budgets.
⢠Prepare project pro?tability reports, and identify cost overruns or variances.
⢠Manage project\-based invoicing (progress billing, milestone billing), retention
accounting, and advance adjustments.
⢠Ensure accurate revenue recognition in accordance with IFRS and company policy.
⢠Align with project managers on work\-in\-progress (WIP), billing milestones, and project
deliverables.
Trading & Inventory Accounting:
⢠Track inventory movement and perform quarterly physical count reconciliations.
⢠Ensure Cost of Goods Sold (COGS) is correctly recorded and gross margins are
monitored.
⢠Reconcile stock in transit and GRN vs. PO matching.
Accounts Receivable & Payable:
Company Overview: The company has been a pioneering force in the
United Arab Emirates since its establishment. Our journey has seen us transform from a
modest provider of desalination systems to a forward\-thinking enterprise, dedicated to delivering
comprehensive water\-centric services and innovative solutions.
⢠Monitor customer aging reports and follow up on outstanding receivables.
⢠Coordinate with sales teams on payment collections and credit control.
⢠Verify supplier invoices, coordinate with procurement, and ensure timely payments.
Budgeting & Reporting:
⢠Prepare monthly MIS reports including P&L, Balance Sheet, Cash Flow, and project\-wise
pro?tability.
⢠Prepare cash ?ow projections and variance analysis against budget.
⢠Support department heads with budget planning and monitoring.
Cash Flow & Treasury:
⢠Monitor daily cash ?ow requirements and prepare cash ?ow forecasts.
⢠Track upcoming payments, project fund availability, and loan repayments.
⢠Liaise with banks for facilities, online banking, guarantees, and reconciliations.
Audit & Internal Controls:
⢠Support statutory and internal audits by preparing audit schedules and documentation.
⢠Implement and monitor internal controls over ?nancial processes, approvals, and
documentation.
⢠Ensure accurate recordkeeping and timely archiving of ?nancial documents.
ERP & Process Optimization:
⢠Maintain accurate and up\-to\-date ?nancial data in the ERP (Odoo or equivalent).
⢠Identify and implement process improvements for automation and accuracy.
⢠Train junior accounting sta? on system usage and company policies.
VAT & Regulatory Compliance:
⢠File monthly or quarterly VAT returns (UAE/KSA) and ensure proper documentation.
⢠Maintain electronic invoices per ZATCA/FATOORA standards in KSA.
⢠Respond to VAT queries and audits, ensuring zero non\-compliance penalties.
Corporate Tax & Regulatory Compliance (UAE, KSA, India):
⢠Ensure full compliance with corporate tax regulations in all operating jurisdictionsâ
UAE, Saudi Arabia (Zakat & Income Tax), and India.
⢠Handle tax registration, return preparation, and timely ?lings for each country, in
coordination with consultants or advisors as required.
⢠Maintain accurate documentation for all tax\-related transactions, audits, and
inspections.
⢠Stay up to date on statutory changes in each region including Corporate Tax, VAT/GST,
TDS (India), and withholding taxes.
⢠Monitor deadlines and ensure accurate ?ling of:
\-UAE Corporate Tax and VAT o KSA Zakat, Income Tax, and e\-invoicing (ZATCA) o India Corporate
Tax, GST, TDS, and other statutory dues (PF, ESI, PT).
⢠Support cross\-border compliance requirements such as transfer pricing, intercompany
agreements, and group consolidations.
⢠Coordinate with internal teams and external consultants to ensure proper tax treatment
across EPC, trading, AMC, and service contracts.
Quali?cations:
⢠Bachelorâs degree in Accounting, Finance, or Commerce (Masterâs degree preferred).
⢠Professional certi?cation such as CA (India), ACCA, CPA, or CMA is strongly
preferred.
⢠Strong knowledge of IFRS, project accounting, and VAT compliance
⢠Minimum 8\-10 years of experience in accounting and ?nance, with exposure to project
based businesses like EPC contracting companies.
⢠Experience in handling multi\-country operations or group\-level consolidation is a plus.
⢠Familiarity with cross\-border transactions, DDP shipments, and LC documentation is a
plus.
Key Skills:
⢠Strong attention to detail, ability to work independently, and meet tight deadlines.
⢠Excellent analytical and problem\-solving skills.
⢠High pro?ciency in Excel and accounting systems (Odoo preferred).
⢠Strong communication and interpersonal skills.
⢠Ability to multitask and work under pressure with tight deadlines.
Bene?ts:
⢠Competitive salary package.
⢠Performance\-based incentives.
⢠Health and wellness bene?ts.
⢠Opportunities for professional growth and development.
⢠Collaborative and innovative work environment.
Job Types: Full\-time, Permanent
Salary Budget AED 7500 to AED 10,000 based on their experience and current bene?ts
Working Hours: Monday\-Friday, 08:30 am to 06:30pm
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