Senior Accountant

Senior Accountant

Job Summary:

• Overseeing and executing accurate financial reporting, project-based accounting, and compliance with VAT and regulatory standards.
• Hands‑on experience in managing project cost tracking, revenue recognition, budgeting, and monthly closing activities in a dynamic, multi‑vertical engineering environment.

Position Overview:

• The Senior Accountant will be responsible for overseeing and executing accurate financial reporting, project-based accounting, and compliance with VAT and regulatory standards. The role requires hands‑on experience in managing project cost tracking, revenue recognition, budgeting, and monthly closing activities in a dynamic, multi‑vertical engineering environment.

General Ledger and Financial Management:

• Maintain and reconcile the general ledger, ensuring accurate journal entries and allocations.
• Oversee day‑to‑day accounting activities including bank reconciliations, cash and petty cash management.
• Conduct monthly, quarterly and year‑end closings with complete supporting schedules.
• Ensure financial records are maintained in compliance with approved policies and procedures.

Project Accounting & Cost Control:

• Monitor and track actual project costs (material, labor, subcontracting) against budgets.
• Prepare project pro‑profitability reports, and identify cost overruns or variances.
• Manage project‑based invoicing (progress billing, milestone billing), retention accounting, and advance adjustments.
• Ensure accurate revenue recognition in accordance with IFRS and company policy.
• Align with project managers on work‑in‑progress (WIP), billing milestones, and project deliverables.

Trading & Inventory Accounting:

• Track inventory movement and perform quarterly physical count reconciliations.
• Ensure Cost of Goods Sold (COGS) is correctly recorded and gross margins are monitored.
• Reconcile stock in transit and GRN vs. PO matching.

Company Overview:
The company has been a pioneering force in the United Arab Emirates since its establishment. Our journey has seen us transform from a modest provider of desalination systems to a forward‑thinking enterprise, dedicated to delivering comprehensive water‑centric services and innovative solutions.

Accounts Receivable & Payable:

• Monitor customer aging reports and follow up on outstanding receivables.
• Coordinate with sales teams on payment collections and credit control.
• Verify supplier invoices, coordinate with procurement, and ensure timely payments.

Budgeting & Reporting:

• Prepare monthly MIS reports including P&L, Balance Sheet, Cash Flow, and project‑wise profitability.
• Prepare cash flow projections and variance analysis against budget.
• Support department heads with budget planning and monitoring.

Cash Flow & Treasury:

• Monitor daily cash flow requirements and prepare cash flow forecasts.
• Track upcoming payments, project fund availability, and loan repayments.
• Liaise with banks for facilities, online banking, guarantees, and reconciliations.

Audit & Internal Controls:

• Support statutory and internal audits by preparing audit schedules and documentation.
• Implement and monitor internal controls over financial processes, approvals, and documentation.
• Ensure accurate recordkeeping and timely archiving of financial documents.

ERP & Process Optimization:

• Maintain accurate and up‑to‑date financial data in the ERP (Odoo or equivalent).
• Identify and implement process improvements for automation and accuracy.
• Train junior accounting staff on system usage and company policies.

VAT & Regulatory Compliance:

• File monthly or quarterly VAT returns (UAE/KSA) and ensure proper documentation.
• Maintain electronic invoices per ZATCA/FATOORA standards in KSA.
• Respond to VAT queries and audits, ensuring zero non‑compliance penalties.

Corporate Tax & Regulatory Compliance (UAE, KSA, India):

• Ensure full compliance with corporate tax regulations in all operating jurisdictions—UAE, Saudi Arabia (Zakat & Income Tax), and India.
• Handle tax registration, return preparation, and timely filings for each country, in coordination with consultants or advisors as required.
• Maintain accurate documentation for all tax‑related transactions, audits, and inspections.
• Stay up…