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 protability 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
protability.
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 jurisdictions
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.
Qualications:
Bachelors degree in Accounting Finance or Commerce (Masters degree preferred).
Professional certication 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 prociency in Excel and accounting systems (Odoo preferred).
Strong communication and interpersonal skills.
Ability to multitask and work under pressure with tight deadlines.
Benets:
Competitive salary package.
Performance-based incentives.
Health and wellness benets.
Opportunities for professional growth and development.
Collaborative and innovative work environment.
Job Types: Full-time Permanent
Salary Budget AED 7500 to AED 10000 based on their experience and current benets
Working Hours: Monday-Friday 08:30 am to 06:30pm
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