Senior Accountant – Contracting Company

About Euro Systems®

Position Overview

Financial Accounting & Reporting

• Prepare monthly, quarterly, and annual financial statements in accordance with IFRS and company policies.
• Manage general ledger activities, journal entries, account reconciliations, and closing processes.
• Monitor cash flow, working capital, and financial performance of ongoing projects.
• Prepare management reports, budget analyses, and financial forecasts.

Contract & Project Accounting

• Review project contracts and ensure proper accounting treatment of revenues, costs, retention, and variations.
• Monitor project budgets, costs, profitability, and contract milestones.
• Coordinate with project managers and commercial teams to ensure accurate financial reporting of projects.
• Track project receivables, certifications, and payment schedules.

Letters of Credit (LC) & Trade Finance

• Handle the issuance, amendment, negotiation, and closure of Letters of Credit (Import & Export).
• Coordinate with banks, suppliers, and internal departments regarding LC documentation and compliance.
• Ensure timely submission and verification of shipping and trade documents.
• Monitor LC utilization, expiry dates, and banking requirements.

Bank Guarantees & Banking Operations

• Manage all types of Bank Guarantees, including Performance Guarantees, Advance Payment Guarantees, Bid Bonds, and Retention Guarantees.
• Coordinate with banks for issuance, amendments, renewals, cancellations, and release of guarantees.
• Maintain records of all guarantees and monitor validity periods.
• Support banking relationships and ensure compliance with banking requirements.

Accounts Receivable & Payable

• Oversee customer invoicing, collections, retention tracking, and receivable reconciliations.
• Review supplier payments, subcontractor accounts, and vendor reconciliations.
• Monitor payment schedules and ensure timely settlements.

Compliance & Audit

• Ensure compliance with UAE VAT regulations and statutory requirements.
• Support internal and external audits by providing required documentation and schedules.
• Maintain strong internal controls and financial governance practices.

& RequirementsEducation

• Bachelor's Degree in Accounting, Finance, Commerce, or a related field.
• ACCA, CPA, CMA, CA, or equivalent professional qualification is preferred.

Experience

• 8–10 years of accounting experience within the Construction, Contracting, Engineering, or Manufacturing industry.
• Proven experience handling Letters of Credit (LCs), Bank Guarantees, and Contract Accounting.
• UAE/GCC experience is highly preferred.

Technical Skills

• Strong knowledge of IFRS and project accounting principles.
• Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, Odoo, or similar platforms.
• Advanced proficiency in Microsoft Excel and financial reporting tools.
• Strong understanding of trade finance documentation and banking procedures.

• Financial Analysis & Reporting

• Contract Accounting

• Project Cost Control

• Attention to Detail

• Time Management & Organizational Skills