Senior Accountant – Contracting Company

Senior Accountant – Contracting Company **Location:** Dubai, United Arab Emirates **Employment Type:** Full-Time **Industry:** Construction / Contracting / Engineering About Euro Systems® Euro Systems® is a leading provider of architectural, façade, glazing, shading, acoustic, and smart automation solutions across the GCC. With a reputation for delivering innovative and high-quality solutions for landmark projects, we are seeking an experienced and detail-oriented **Senior Accountant** to join our growing finance team. Position Overview The Senior Accountant will be responsible for managing the company's accounting operations, financial reporting, banking activities, and project-related financial transactions. The ideal candidate will have strong experience in the construction or contracting industry, with extensive knowledge of **Letters of Credit (LCs), Bank Guarantees, Contract Accounting, Project Cost Control, and Financial Management**. Key ResponsibilitiesFinancial Accounting & Reporting * Prepare monthly, quarterly, and annual financial statements in accordance with IFRS and company policies. * Manage general ledger activities, journal entries, account reconciliations, and closing processes. * Monitor cash flow, working capital, and financial performance of ongoing projects. * Prepare management reports, budget analyses, and financial forecasts. Contract & Project Accounting * Review project contracts and ensure proper accounting treatment of revenues, costs, retention, and variations. * Monitor project budgets, costs, profitability, and contract milestones. * Coordinate with project managers and commercial teams to ensure accurate financial reporting of projects. * Track project receivables, certifications, and payment schedules. Letters of Credit (LC) & Trade Finance * Handle the issuance, amendment, negotiation, and closure of Letters of Credit (Import & Export). * Coordinate with banks, suppliers, and internal departments regarding LC documentation and compliance. * Ensure timely submission and verification of shipping and trade documents. * Monitor LC utilization, expiry dates, and banking requirements. Bank Guarantees & Banking Operations * Manage all types of Bank Guarantees, including Performance Guarantees, Advance Payment Guarantees, Bid Bonds, and Retention Guarantees. * Coordinate with banks for issuance, amendments, renewals, cancellations, and release of guarantees. * Maintain records of all guarantees and monitor validity periods. * Support banking relationships and ensure compliance with banking requirements. Accounts Receivable & Payable * Oversee customer invoicing, collections, retention tracking, and receivable reconciliations. * Review supplier payments, subcontractor accounts, and vendor reconciliations. * Monitor payment schedules and ensure timely settlements. Compliance & Audit * Ensure compliance with UAE VAT regulations and statutory requirements. * Support internal and external audits by providing required documentation and schedules. * Maintain strong internal controls and financial governance practices. Qualifications & RequirementsEducation * Bachelor's Degree in Accounting, Finance, Commerce, or a related field. * ACCA, CPA, CMA, CA, or equivalent professional qualification is preferred. Experience * 8–10 years of accounting experience within the Construction, Contracting, Engineering, or Manufacturing industry. * Proven experience handling Letters of Credit (LCs), Bank Guarantees, and Contract Accounting. * UAE/GCC experience is highly preferred. Technical Skills * Strong knowledge of IFRS and project accounting principles. * Experience with ERP systems such as SAP, Oracle, Microsoft Dynamics, Odoo, or similar platforms. * Advanced proficiency in Microsoft Excel and financial reporting tools. * Strong understanding of trade finance documentation and banking procedures. Core Competencies * Financial Analysis & Reporting * Contract Accounting * Trade Finance & Banking Operations * Project Cost Control * Attention to Detail * Problem-Solving & Analytical Thinking * Communication & Stakeholder Management * Time Management & Organizational Skills Pay: AED7,000.00 - AED9,000.00 per month Work Location: In person