Accountant (Contractor/Sub-contractor Background)

Accountant (Contractor/Sub-contractor Background)Experience Required: Minimum 4 years in UAE Building ConstructionSector Background: Must have experience with Main Contractors or Sub-contractors.: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.

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  Get Hired
  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.

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