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 pro?tability 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
pro?tability.
• 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.
Quali?cations:
• Bachelor’s degree in Accounting, Finance, or Commerce (Master’s degree preferred).
• Professional certi?cation 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 pro?ciency in Excel and accounting systems (Odoo preferred).
• Strong communication and interpersonal skills.
• Ability to multitask and work under pressure with tight deadlines.
Bene?ts:
• Competitive salary package.
• Performance-based incentives.
• Health and wellness bene?ts.
• Opportunities for professional growth and development.
• Collaborative and innovative work environment.
Job Types: Full-time, Permanent
Salary Budget AED 7500 to AED 10,000 based on their experience and current bene?ts
Working Hours: Monday-Friday, 08:30 am to 06:30pm
