Senior Accountant

Position Title: Senior Accountant/ Chief Accountant

Department: Finance & Accounts

Reports To: General Manager

Job Summary

The Senior Accountant is responsible for managing the financial and accounting operations of construction projects and the company. This role ensures accurate financial reporting, project cost monitoring, budgeting, cash flow management, compliance with statutory requirements, and effective control of financial transactions related to construction activities.

Key Responsibilities

Financial Accounting & Reporting

• Maintain accurate accounting records in accordance with company policies and applicable accounting standards.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Perform general ledger reconciliations and ensure timely month-end and year-end closing.
• Monitor accounts payable, accounts receivable, and bank reconciliations.
• Assist in external and internal audits.

Construction Project Accounting

• Track project costs, budgets, commitments, and expenditures.
• Monitor job costing and cost allocation for ongoing construction projects and report to GM.
• Prepare project profitability and cost variance reports.
• Reconcile project costs with BOQ and budgets. Manage retention and advance payments.
• Review subcontractor invoices, supplier payments, and project-related expenses.
• Ensure proper accounting treatment of retention, advances, and progress billings.

Budgeting & Cost Control

• Assist in preparing annual budgets and project-specific budgets.
• Monitor project cash flows and forecast funding requirements.
• Analyze budget variances and recommend corrective actions.
• Support management in controlling project costs and maximising profitability.

Qualifications

• Bachelor's Degree in Accounting, Finance, or a related field.
• Professional certification such as ACCA, CMA is preferred.
• 5–10 years of accounting experience, preferably within the construction industry.
• Minimum 5 years of UAE Experience in a contracting background.

Required Skills

• Construction project accounting and job costing.
• Financial analysis and reporting.
• Budgeting and forecasting.
• VAT and tax compliance.
• Cash flow management.
• Attention to detail and accuracy.