Accountant

Job Brief:

We are seeking a skilled and detail-oriented Accountant with strong experience in the contracting / construction industry. The ideal candidate must have hands-on expertise in accounting, revenue recognition (POC), WIP, retention, and cost control, along with solid knowledge of UAE VAT compliance and ERP systems. The role requires strong analytical skills and the ability to manage project financials accurately from start to closure.

Key Responsibilities:

Project Accounting & Financial Management:

• Manage GL, AP, AR, and reconciliations for project accounts
• Perform monthly closing and prepare financial reports
• Maintain strong reconciliations and supporting documentation

Construction Accounting:

• Apply POC (Percentage of Completion) method and differentiate from invoicing
• Handle unbilled revenue and accruals (WIP accounting)
• Track project-wise costs and monitor cost allocation
• Account for retention as receivable and ensure proper tracking
• Recognize Variation Orders (VO) only upon approval
• Manage advance payments and recovery treatment
• Handle payment certificates and progress billing

Compliance & Audit:

• Ensure compliance with UAE VAT (filing & treatment)
• Support audit processes and coordinate with auditors
• Maintain proper financial records and documentation

ERP & Reporting:

• Utilize ERP systems for GL, AP, AR, and Project modules
• Perform data analysis using Excel (Pivot, reconciliation, analysis)
• Identify and resolve cost misallocation issues

Technical Understanding:

• Clearly explain POC vs billing concepts
• Ensure accuracy in project financial reporting and analysis

Required Qualification / Experience / Skills:

· Bachelor’s Degree in Accounting, Finance, or related field (Mandatory)

· Min 5 years of total accounting experience

· Minimum 3+ years of relevant experience in construction / contracting industry (Mandatory)

· Proven experience in project accounting and job costing environment

· UAE / GCC experience a must, with familiarity in regional financial practices and compliance

Mandatory Skills:

Core Accounting Expertise (Mandatory):

• Strong hands-on experience in:
• General Ledger (GL) accounting
• Accounts Payable (AP) and Accounts Receivable (AR)
• Bank, supplier, and customer reconciliations
• Experience handling monthly, quarterly, and year-end closing processes
• Ability to maintain accurate financial records and audit-ready documentation

In-depth understanding of Revenue Recognition using Percentage of Completion (POC) method and clear distinction from invoicing

Strong experience in Work-in-Progress (WIP) including:

• Unbilled revenue
• Accruals and cost recognition

Practical knowledge of:

• Project cost tracking and cost allocation per project
• Retention accounting (treated as receivable and tracked until release)
• Variation Orders (VO) accounting (recognized only upon approval)
• Advance payments and recovery accounting treatment
• Payment certificates and progress billing cycles

Strong working knowledge of UAE VAT regulations, including:

• VAT filing procedures
• Input/output VAT treatment
• VAT reconciliation

Basic understanding of UAE Corporate Tax regulations

Experience in handling external and internal audits, including preparing schedules and supporting documents

Job Location: Dubai

Type of Employment: Permanent / Full Time

Salary: AED 8000 – 10000/Month

What you can expect from the employer:

• Opportunity to work on large-scale construction projects
• Exposure to end-to-end project accounting practices
• Professional and growth-oriented work environment

Job Types: Full-time, Permanent

Pay: AED8,000.00 - AED10,000.00 per month

Application Question(s):

• Do you have 5–8+ years of total accounting experience? (Yes/No)
• Do you have minimum 3+ years of construction / contracting industry experience? (Yes/No)
• Do you hold a Bachelor’s degree in Accounting or Finance? (Yes/No)
• Do you have hands-on experience in GL, AP, AR, and reconciliations? (Yes/No)
• Do you clear understanding of difference between POC (Percentage of Completion) and invoicing?
• Do you have working knowledge of UAE VAT (filing and treatment)?

Work Location: In person