Job Description:Senior AccountantJob post summaryJob description:Position Overview: The Senior Accountant will be responsible for overseeing and executingaccurate ?nancial reporting, project-based accounting, and compliance with VAT and regulatorystandards. The role requires hands-on experience in managing project cost tracking, revenuerecognition, budgeting, and monthly closing activities in a dynamic, multi-vertical engineeringenvironment.Key Responsibilities:General Ledger and Financial Management:⢠Maintain and reconcile the general ledger, ensuring accurate journal entries andallocations.⢠Oversee day-to-day accounting activities including bank reconciliations, cash and pettycash management.⢠Conduct monthly, quarterly and year-end closings with complete supporting schedules.⢠Ensure ?nancial records are maintained in compliance with approved policies andprocedures.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), retentionaccounting, 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 projectdeliverables.Trading & Inventory Accounting:⢠Track inventory movement and perform quarterly physical count reconciliations.⢠Ensure Cost of Goods Sold (COGS) is correctly recorded and gross margins aremonitored.⢠Reconcile stock in transit and GRN vs. PO matching.Accounts Receivable & Payable:Company Overview: The company has been a pioneering force in theUnited Arab Emirates since its establishment. Our journey has seen us transform from amodest provider of desalination systems to a forward-thinking enterprise, dedicated to deliveringcomprehensive 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-wisepro?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, anddocumentation.⢠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, incoordination with consultants or advisors as required.⢠Maintain accurate documentation for all tax-related transactions, audits, andinspections.⢠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 CorporateTax, GST, TDS, and other statutory dues (PF, ESI, PT).⢠Support cross-border compliance requirements such as transfer pricing, intercompanyagreements, and group consolidations.⢠Coordinate with internal teams and external consultants to ensure proper tax treatmentacross 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 stronglypreferred.⢠Strong knowledge of IFRS, project accounting, and VAT compliance⢠Minimum 8-10 years of experience in accounting and ?nance, with exposure to projectbased 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 aplus.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, PermanentSalary Budget AED 7500 to AED 10,000 based on their experience and current bene?tsWorking Hours: Monday-Friday, 08:30 am to 06:30pm
