Senior Accountant

Job Description

REQUIREMENTS

1. Candidate should be from Contracting Background
2. Knowledge of full accounting cycle till monthly books closing and reporting
3. Knowledge of Accounting standards
4. Knowledge of UAE Tax and commercial laws
5. Good working knowledge of advance Excel
6. Hands on experience in Finance and good understanding of ERP software

RESPONSIBILITIES

1. Accounting Function:
   • Oversee day-to-day accounting functions, including accounts payable management, accounts receivable management, payroll, and general ledger entries, Bank Reconciliation of the Accounting Department.
   • Ensure proper maintenance of accounting records in accordance with company policies, IFRS and UAE Laws.
   • Ensure that the supplier and customer’s ledgers are up to date and reconciled on regular basis by the accounts receivable and payable accountants.
   • Ensure intercompany ledgers are updated and reconciled on regular basis.
   • Ensure timely entries are passed in the ERP system as and when the transactions have happened.
   • Ensure necessary accruals are taken for monthly closing activities.
2. Receivable Function:
   • Prepare and issue progress invoices based on approved Interim Payment Certificates.
   • Ensure invoices are raised in accordance with contract terms, milestones, retention clauses, and approved variation orders.
   • Coordinate with Project Managers, QS, and Contracts teams to validate work completion and billing amounts.
   • Ensure VAT is correctly applied as per UAE VAT law.
   • Maintain accurate customer ledgers in the ERP system.
   • Record invoices, credit notes, debit notes, and receipts on a timely basis.
   • Ensure receivables are properly classification of advance, retention or certified receivables as the case maybe.
   • Monitor outstanding receivables and share aging analysis report on weekly basis and identify and escalate long outstanding or doubtful receivables to management.
   • Follow up with clients for timely collection as per contract payment terms.
   • Coordinate with project and commercial teams to resolve payment disputes or certification delays.
   • Track and follow up on retention releases as per defect liability periods.
   • Perform regular reconciliation of customer statements and resolve discrepancies.
   • Reconcile collections with bank receipts and post adjustments whenever required.
   • Ensure intercompany receivables are reconciled on a regular basis.

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