General Accountant

**Key Responsibilities** **1. Financial Accounting & Period Closing** * Maintain accurate **general ledger accounting** in compliance with IFRS * Prepare and review **monthly, quarterly, and annual financial statements** * Ensure timely **month-end and year-end closing** with proper accruals and provisions * Review journal entries, reconciliations, and supporting documentation * Support **external audits, internal audits, and management reviews** **2. Project & Contract Accounting (Core Responsibility)** * Perform **project-wise accounting** for modular fabrication, supply, and installation contracts * Monitor **Work-in-Progress (WIP)** and apply appropriate **revenue recognition methods** (POC / milestone-based) * Track **project budgets, committed costs, actual costs, and cost-to-complete** * Analyze **project margin movements**, cost overruns, and commercial risks * Account for: i. Variation orders and claims ii. Customer and subcontractor retention iii. Mobilization advances and performance guarantees **3. Procurement, AP & Subcontractor Controls** * Review supplier invoices against **Purchase Orders, GRNs, and contracts** * Ensure correct cost allocation to **projects, cost centers, and ERP codes** * Control **advance payments** to vendors and ensure timely adjustment * Monitor **subcontractor certifications, retention deductions, and final settlements** * Reconcile supplier accounts and resolve commercial discrepancies **4. Billing, Receivables & Commercial Coordination** * Review and verify **progress billing, milestone invoices, and final invoices** * Ensure compliance with **contractual billing terms and approved variations** * Monitor **accounts receivable aging**, retention receivables, and customer advances * Coordinate with CFO and commercial team on **collections strategy** * Provide early warning on **credit risk and delayed customer payments** **5. Cash Flow, Treasury & Bank Instruments** a. Prepare **weekly, monthly, and rolling cash flow forecasts** at company and project level * Monitor **working capital requirements** across fabrication, logistics, and site execution * Track utilization of **bank facilities and credit limits** * Ensure accurate accounting and tracking of: i. Performance Bank Guarantees (PBGs) ii. Advance Payment Guarantees (APGs) iii. Retention Guarantees iv. Letters of Credit (LCs) * Coordinate with banks for **issuance, amendments, renewals, and closures** of guarantees * Record and reconcile **bank charges, interest, and financing costs** i. Prepare **short-term and medium-term cash flow forecasts** ii. Monitor **project-wise cash inflows and outflows** iii. Support CFO in managing: 1. Bank guarantees (PBG, ABG, retention guarantees) 2. Letters of credit (LCs) 3. Financing costs and bank charges iv. Ensure proper accounting of **treasury instruments** and related liabilities **6. Cost Control & Management Reporting** * Prepare **monthly management reports** for CFO and senior management * Analyse: i. Gross margin by project ii. Overheads vs budget iii. Fabrication and logistics cost variances. **7. VAT, Tax & Regulatory Compliance** * Prepare and file **UAE VAT returns** and supporting schedules * Ensure proper VAT treatment for: i. Domestic and export supplies ii. Advance payments and retention iii. Inter-company and subcontractor transactions * Support **VAT audits and FTA inspections** * Ensure compliance with **local statutory and regulatory requirements** **8. Fixed Assets, Inventory & Stores Accounting** * Maintain **fixed asset register** and capitalization of project equipment * Ensure correct depreciation in line with accounting policies * Oversee accounting for **raw materials, modular components, and finished modules** * Reconcile **inventory balances with stores and fabrication records** * Identify slow-moving or obsolete inventory for management review **9. ERP & Financial Systems** * Ensure accuracy of transactions in **ERP / accounting system** * Maintain proper **project codes, cost centers, and GL structures** * Support system improvements and automation initiatives * Act as finance point-of-contact for system-related issues **10. Team Supervision & Internal Controls** * Supervise and review work of **junior accountants and AP/AR staff** * Enforce **internal controls, approval limits, and segregation of duties** * Assist CFO in strengthening **financial governance and SOPs** * Identify process weaknesses and recommend improvements **Key Performance Indicators (KPIs)** * Timely and accurate month-end closing * Project margin variance analysis and reporting quality * Receivables aging and cash collection support * VAT compliance and audit outcomes * Accuracy of WIP and cost-to-complete reporting * Reduction in audit observations and control deficiencies **Qualifications & Experience** * Bachelor’s degree in Accounting / Finance (Master’s preferred) * Professional qualification (CA / ACCA / CMA) – preferred