Accountant (Contractor/Sub-contractor Background)
Experience Required: Minimum 4 years in UAE Building Construction
Sector Background: Must have experience with Main Contractors or Sub-contractors.
Job Description:
We require a skilled Accountant with direct experience in the construction contracting industry. The role demands a professional who understands the financial nuances of construction projects, including WIP, retention, and project-based accounting.
Key Responsibilities:
- Manage full-cycle accounting for multiple construction projects.
- Handle project cost accounting: track costs against budgets, analyze variances, and report on project profitability.
- Manage Work-in-Progress (WIP) schedules, billings, and revenue recognition (percentage of completion method).
- Process accounts payable and receivable, including subcontractor payments and client invoicing.
- Monitor retention amounts, bank guarantees, and performance bonds.
- Prepare monthly, quarterly, and annual financial statements.
- Liaise with project managers for cost reporting and forecasting.
- Ensure compliance with VAT regulations as applicable in the UAE.
- Coordinate with external auditors and assist in year-end closing.
- Reconcile bank statements and maintain the general ledger.
Qualifications & Skills:
- Bachelor’s degree in Accounting, Finance, or a related field. Professional certification (CA, ACCA, CMA) is a plus.
- Minimum 4 years of accounting experience, specifically with a main contractor or sub-contractor in the UAE building construction sector.
- Solid understanding of construction-specific accounting principles and project costing.
- Proficiency in accounting software (e.g., Oracle, SAP, Tally) and MS Excel.
- Knowledge of UAE VAT laws and financial regulations.
- Strong analytical skills and attention to detail.
- Ability to work independently and as part of a project team.
