Senior Accountant - Contracting Company

Job Title: Senior Accountant – Contracting Company

Job Summary:

We are seeking a highly skilled and detail-oriented Senior Accountant with strong experience in the contracting or construction industry. The ideal candidate will possess 5–8 years of relevant accounting experience and will be responsible for managing financial transactions, ensuring compliance with accounting standards and tax regulations, and supporting overall financial operations. This role requires a proactive professional with a deep understanding of project-based accounting, cost control, and financial reporting.

Key Responsibilities:1. Financial Reporting & Analysis

• Prepare and analyze monthly, quarterly, and annual financial statements (Balance Sheet, Profit & Loss, Cash Flow).
• Ensure accuracy, completeness, and compliance with local accounting regulations and standards.
• Conduct financial analysis to provide insights on profitability, cost control, and business performance.

2. Project Accounting & Contract Management

• Manage and monitor project-based accounting activities, including cost tracking, progress billing, and contract variations.
• Coordinate with project managers to reconcile project costs and revenues.
• Ensure all project-related financial data is accurately recorded and reported.

3. General Ledger Management

• Maintain the general ledger and ensure proper posting of all financial transactions.
• Perform account reconciliations and resolve discrepancies promptly.
• Ensure accurate coding and classification of all accounting entries.

4. Accounts Payable & Receivable

• Supervise AP and AR operations, ensuring timely invoice processing, collections, and payments.
• Monitor cash flow and maintain strong vendor and client relationships.
• Resolve billing issues and ensure accuracy of invoices and payments.

5. Payroll & Tax Compliance

• Assist in payroll processing, ensuring accuracy in wage calculations and statutory deductions.
• Ensure full compliance with tax regulations (VAT, WHT, and other applicable taxes).
• Prepare and submit tax filings and related documentation within deadlines.

6. Cash Flow & Treasury Management

• Monitor and manage company cash flow to ensure adequate liquidity for operations and projects.
• Support in preparing cash flow forecasts and optimizing working capital.

7. Internal Controls & Audit Support

• Implement and monitor internal financial controls and accounting policies.
• Coordinate with internal and external auditors, providing necessary reports and documentation.

8. Budgeting & Cost Control

• Assist in preparing annual budgets and forecasts for company and project operations.
• Monitor budget performance and provide variance analysis reports.

9. Documentation & Reporting

• Maintain accurate financial records and filing systems.
• Prepare timely reports for management, stakeholders, and regulatory authorities.

Qualifications & Requirements:

Experience:

• 5–8 years of accounting experience, including at least 3 years in the contracting or construction industry.
• Strong knowledge of project-based accounting, cost tracking, and progress billing.

Education:

• Bachelor’s Degree in Accounting, Finance, or related field.

Technical Skills:

• Strong understanding of accounting principles and local tax laws (VAT, WHT, etc.).
• Proficiency in SAP or other major accounting/ERP software.
• Advanced Excel skills (Pivot Tables, VLOOKUP, financial analysis).

Soft Skills:

• Excellent analytical, organizational, and problem-solving abilities.
• Strong attention to detail and accuracy.
• Ability to manage multiple priorities in a fast-paced environment.
• Effective communication and interpersonal skills for cross-department collaboration.

Language:

• Fluency in English (written and spoken) required.
• Additional language proficiency is a plus.

Job Type: Full-time

Pay: AED6,000.00 - AED7,000.00 per month

Education:

• Bachelor's (Preferred)

Experience:

• accounting: 1 year (Preferred)