Accountant

Job Brief

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

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

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

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)?