Senior Accountant – Contracting Sector
Location: UAE
Industry: Construction / Contracting / Marble & Stone
Job Overview
Our client is a UAE-based natural stone specialist providing premium marble and granite solutions for residential, commercial, hospitality and landmark projects.
We are looking for a qualified and detail-oriented Senior Accountant with a strong background in contracting or construction companies. The ideal candidate will be responsible for managing financial accounting, project costing, financial reporting, compliance and day-to-day accounting operations, ensuring accurate financial records and effective cost control across projects.
Key Responsibilities
- Manage day-to-day accounting operations, including General Ledger (GL), Accounts Payable (AP), Accounts Receivable (AR) and bank reconciliations.
- Prepare monthly financial statements, management reports, MIS and project-wise Profit & Loss statements.
- Monitor project costs, budgets, actual expenditure and cost variances to ensure effective cost control.
- Handle project accounting, including Work-in-Progress (WIP), Cost-to-Complete (CTC), revenue recognition and project profitability analysis.
- Review supplier invoices, subcontractor bills, payment certificates, retention amounts and project-related expenses.
- Monitor customer collections, supplier payments, outstanding balances and cash flow.
- Maintain accurate records of inventory, material purchases, stock movements, consumption and project-related material costs.
- Perform month-end and year-end closing activities, accruals, provisions and balance sheet reconciliations.
- Ensure compliance with UAE VAT, Corporate Tax, IFRS and other applicable statutory requirements.
- Coordinate with external auditors and provide supporting schedules and documentation for audits.
- Support budgeting, forecasting, financial analysis and improvements in accounting processes.
- Maintain accurate accounting records and ensure compliance with internal financial controls and company policies.
Requirements
- Mandatory: Chartered Accountant (CA) qualified, preferably from ICAI or an equivalent recognised professional body.
- Minimum 5 years of relevant accounting experience, preferably within the UAE.
- Proven experience working with a contracting or construction company.
- Strong understanding of project accounting, project costing, cost control, WIP and revenue recognition.
- Practical knowledge of UAE VAT and Corporate Tax.
- Good understanding of IFRS, financial reporting and month-end closing.
- Proficiency in accounting software/ERP systems and Microsoft Excel.
- Strong analytical, organisational and problem-solving skills.
- Ability to work independently, manage deadlines and coordinate with multiple departments.
Key Skills
Financial Accounting | General Ledger | Project Accounting | Project Costing | Cost Control | WIP | Revenue Recognition | AP/AR | Financial Reporting | Cash Flow Management | UAE VAT | Corporate Tax | IFRS | ERP Systems | Advanced Excel
Preference will be given to candidates with hands-on accounting experience in contracting and project-based construction businesses.