Senior Accountant

CNS is a technology company that powers the future by providing digital solutions essential to support all enterprise and human development. While growing and managing a robust pool of supplier-partners for the benefit of our clients has always been a priority, we are constantly re-inventing ourselves.
Founded in 1987 with more than 30 years of experience, CNS employs over 320 employees including more than 250 certified engineers. We offer in-depth expertise and a range of best-in-class products that support the digital transformation of all major industries. With offices in three countries, we have an extensive reach into, and regional knowledge of the Middle East markets.
A shift into levering our many years of experience to develop pioneering software in-house will add yet another dimension to our highly innovative solutions-portfolio.

The Senior Accountant will manage project and service revenue recognition, VAT/WHT compliance, inventory costing, sales commissions, and accounts payable. The role requires strong IFRS 15 experience within IT or project-based environments, along with solid ERP and month-end closing skills. The accountant will work closely with cross-functional teams to ensure accurate financial reporting and timely reconciliation of all project-related transactions.

Job Responsibilities

Project and Service Revenue & Cost Recognition:

• Recognize project and Service revenue and costs in line with company policies and accounting standards.
• Prepare and post journal entries for revenue and cost recognition.
• Close inventory modules at the end of each month.
• Collect and verify timesheets.
• Record labor costs in the ERP based on approved timesheets.
• Ensure accurate costing and valuation of inventory for financial reporting.
• Reconcile project-related transactions to the respective general ledger accounts.
• Manage the movement of unbilled receivables and unearned revenue to appropriate accounts.
• Reconcile project clearing accounts for misc. expenses and ensure all adjustments are reflected in the financials.

VAT & WHT:

• Calculate and process VAT and WHT for transactions, ensure accurate calculation, maintain records, and file returns timely. Stay updated on regulations and adjust processes as needed.
• Ensure compliance with tax laws, maintain documentation, and handle inquiries from tax authorities with the support of Group tax head.

Sales Commissions:

• Calculate sales commission accruals based on sales data.
• Post commission accruals at the period-end and reconcile them to actuals.
• Calculate and process the sales commission as per the company policy.

Accounts Payable:

• Validate invoice details against purchase orders and goods receipts (3 way matching).
• Process vendor invoices into the accounts payable module on time.
• Prepare the vendor payments.
• Review vendor aging reports including supplier reconciliations and ensure timely payments.

Amortization & Provisioning:

• Post monthly amortization entries for spare parts.
• Monitor and adjust provisions for slow-moving inventory based on inventory aging.
• Compute and record provisions for bad debts, working closely with the AR team to assess risk.

Education

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Professional qualifications such as CA,ACCA, CPA, CMA (full or partial completion) are preferred.
• Additional training or coursework in project accounting, IT industry finance, IFRS 15 (Revenue from Contracts with Customers), or ERP systems is an advantage.

Experience

• 5–7 years of accounting or finance experience, preferably within an IT System Integrator, IT Services, Technology Solutions, or Project-based environment.
• Experience with project-based revenue recognition, especially under IFRS 15, including milestone-based billing, unbilled receivables, and deferred revenue.
• Strong exposure to service revenue, maintenance contracts, AMC billing, and time-and-material projects.
• Experience in managing inventory of IT hardware, spare parts, and consumables, including costing, amortization, and provisions for slow-moving or obsolete items.
• Hands-on experience with accounts payable, especially vendor management for IT equipment, distributors, and global technology partners.
• Experience with VAT/WHT regulations applicable to IT hardware supply, services, and cross-border vendor transactions.
• Familiarity with ERP systems commonly used in IT integration businesses (e.g., Microsoft Dynamics 365, SAP, Oracle, NetSuite) including project and service modules.
• Demonstrated experience in month-end closing, journal entries, reconciliations, and financial reporting.

Skills & Abilities

Technical Skills

• Strong understanding of project accounting for IT system integration projects (hardware, software, services, AMC, managed services).
• Solid knowledge of IFRS, especially IFRS 15 (revenue recognition) and IAS 2 (inventory).
• Proficiency in ERP systems, including modules for projects, services, inventory, and accounts payable.
• Advanced Excel skills (pivot tables, VLOOKUP/XLOOKUP, formulas, data analysis).
• Ability to accurately compute and reconcile VAT, WHT, sales commissions, amortizations, and provisions.
• Strong understanding of 3-way matching (PO, GRN, invoice) for IT equipment procurement.
• Familiarity with vendor rebates, credit notes, warranty claims, and other financial elements common to IT distributors and resellers.

Industry-Specific Abilities

• Ability to work with project managers, service delivery teams, and sales teams to validate revenue, timesheets, project costs, and billing milestones.
• Understanding of service delivery cycles, SLA-based contracts, and labor cost allocation to IT projects.
• Knowledge of inventory movements related to staging, implementation, returns, and RMA processes.

Soft Skills & Competencies

• Strong analytical, problem-solving, and reconciliation abilities.
• Excellent communication skills for working with cross-functional teams (Projects, Procurement, Sales, Service, Tax).
• High attention to detail and accuracy, especially in a fast-paced project environment.
• Ability to manage workload effectively and meet strict month-end and year-end deadlines.
• Strong organizational skills with the ability to prioritize multiple tasks.
• High level of integrity and commitment to compliance and financial controls.

Compliance with policies and procedures based on the ISO standards adopted by CNS.