Accountant

**Job Brief:** We are seeking a skilled and detail-oriented **Accountant** with strong experience in the **contracting /** **construction industry**. The ideal candidate must have hands-on expertise in **accounting, revenue recognition (POC), WIP, retention, and cost control**, along with solid knowledge of **UAE VAT compliance and ERP systems**. The role requires strong analytical skills and the ability to manage project financials accurately from start to closure. **Key Responsibilities:** **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:** · Bachelor’s Degree in **Accounting, Finance, or related field** (Mandatory) · **Min 5 years of total accounting experience** · Minimum **3+ years of relevant experience in construction / contracting industry (Mandatory)** · Proven experience in **project accounting and job costing environment** · **UAE / GCC experience a must**, with familiarity in regional financial practices and compliance **Mandatory 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 in handling **external and internal audits**, including preparing schedules and supporting documents **Job Location: Dubai** **Type of Employment: Permanent / Full Time** **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 Pay: AED8,000.00 - AED10,000.00 per month 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)? Work Location: In person