Senior Accountant

Confidential Company

Job Summary

We are seeking a detail-oriented and experienced Senior Accountant to manage end-to-end accounting operations with a strong focus on construction project finance. The ideal candidate must have hands-on experience in BOQ analysis, project costing, retention accounting, UAE VAT compliance, payroll processing, and variation order financial management.

Key Responsibilities

Financial Reporting & Compliance

• Prepare monthly, quarterly, and annual financial statements.

• Maintain accurate general ledger, journal entries, and account reconciliations.

• Ensure compliance with IFRS standards and UAE financial regulations.

• Coordinate internal and external audits and maintain supporting documentation.

Construction Project Accounting

• Review and analyze Bills of Quantities (BOQ) for project cost tracking and budgeting.

• Perform detailed project costing and cost allocation across multiple projects.

• Monitor project budgets versus actual costs and analyze variances.

• Manage Work-in-Progress (WIP) reporting and revenue recognition.

• Prepare project profitability and financial performance reports for management.

Retention & Contract Accounting

• Manage retention receivable and payable schedules as per contract terms.

• Monitor release of retention amounts and ensure proper accounting treatment.

• Coordinate with project and commercial teams regarding payment certifications.

Variation Orders & Commercial Support

• Track financial impact of approved and pending variation orders.

• Coordinate with quantity surveyors and project managers for VO valuation and billing.

• Ensure proper revenue recognition and cost adjustments related to project variations.

VAT & Regulatory Compliance

• Ensure accurate VAT accounting and timely VAT return filing as per UAE regulations.

• Review project invoicing to ensure VAT compliance.

• Maintain VAT documentation and support FTA audit requirements.

Payroll Management

• Prepare and process monthly payroll in compliance with UAE Labour Law.

• Calculate overtime, leave salary, end-of-service benefits, and gratuity provisions.

• Ensure WPS (Wage Protection System) compliance and timely salary transfers.

• Maintain employee payroll records and coordinate with HR for updates.

• Reconcile payroll reports with the general ledger.

Accounts & Cash Flow Management

• Oversee accounts payable and receivable functions.

• Manage subcontractor and supplier payment certifications.

• Monitor cash flow and prepare financial forecasts.

• Coordinate with procurement and project teams for cost control.

Management Support

• Provide financial analysis and recommendations to improve project profitability.

• Strengthen financial controls and accounting procedures.

• Supervise and mentor junior accounting staff when required.