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.

Accountant (Contractor/Sub-contractor Background) jobs

Accountant (Contractor/Sub-contractor Background)