Senior Accountant Ghobash Group

Project and Service Revenue & Cost Recognition:

• Recognize project and Service revenue and costs in line with company policies and accounting standards.
• Prepare and post journal entries for revenue and cost recognition.
• Close inventory modules at the end of each month.
• Collect and verify timesheets.
• Record labor costs in the ERP based on approved timesheets.
• Ensure accurate costing and valuation of inventory for financial reporting.
• Reconcile project-related transactions to the respective general ledger accounts.
• Manage the movement of unbilled receivables and unearned revenue to appropriate accounts.
• Reconcile project clearing accounts for misc. expenses and ensure all adjustments are reflected in the financials.

VAT & WHT:

• Calculate and process VAT and WHT for transactions, ensure accurate calculation, maintain records, and file returns timely. Stay updated on regulations and adjust processes as needed.
• Ensure compliance with tax laws, maintain documentation, and handle inquiries from tax authorities with the support of Group tax head.

Sales Commissions:

• Calculate sales commission accruals based on sales data.
• Post commission accruals at the period-end and reconcile them to actuals.
• Calculate and process the sales commission as per the company policy.

Accounts Payable:

• Validate invoice details against purchase orders and goods receipts (3 way matching).
• Process vendor invoices into the accounts payable module on time.
• Prepare the vendor payments.
• Review vendor aging reports including supplier reconciliations and ensure timely payments.

Amortization & Provisioning:

• Post monthly amortization entries for spare parts.
• Monitor and adjust provisions for slow-moving inventory based on inventory aging.
• Compute and record provisions for bad debts, working closely with the AR team to assess risk.