Job Brief:
We are seeking a skilled and detail-oriented Accountant with strong experience in the contracting / construction industry. The ideal candidate must have hands-on expertise in accounting, revenue recognition (POC), WIP, retention, and cost control, along with solid knowledge of UAE VAT compliance and ERP systems. The role requires strong analytical skills and the ability to manage project financials accurately from start to closure.
Responsibilities
- Manage GL, AP, AR, and reconciliations for project accounts
- Perform monthly closing and prepare financial reports
- Maintain strong reconciliations and supporting documentation
- Apply POC (Percentage of Completion) method and differentiate from invoicing
- Handle unbilled revenue and accruals (WIP accounting)
- Track project-wise costs and monitor cost allocation
- Account for retention as receivable and ensure proper tracking
- Recognize Variation Orders (VO) only upon approval
- Manage advance payments and recovery treatment
- Handle payment certificates and progress billing
- Ensure compliance with UAE VAT (filing & treatment)
- Support audit processes and coordinate with auditors
- Maintain proper financial records and documentation
- Utilize ERP systems for GL, AP, AR, and Project modules
- Perform data analysis using Excel (Pivot, reconciliation, analysis)
- Identify and resolve cost misallocation issues
- Clearly explain POC vs billing concepts
- Ensure accuracy in project financial reporting and analysis
Must Have
- Bachelor’s Degree in Accounting, Finance, or related field (Mandatory)
- Min 5 years of total accounting experience
- Minimum 3+ years of relevant experience in construction / contracting industry (Mandatory)
- Proven experience in project accounting and job costing environment
- UAE / GCC experience a must, with familiarity in regional financial practices and compliance
- General Ledger (GL) accounting
- Accounts Payable (AP) and Accounts Receivable (AR)
- Bank, supplier, and customer reconciliations
- Experience handling monthly, quarterly, and year-end closing processes
- Ability to maintain accurate financial records and audit-ready documentation
- In-depth understanding of Revenue Recognition using Percentage of Completion (POC) method and clear distinction from invoicing Unbilled revenue
- Accruals and cost recognition
- Project cost tracking and cost allocation per project
- Retention accounting (treated as receivable and tracked until release)
- Variation Orders (VO) accounting (recognized only upon approval)
- Advance payments and recovery accounting treatment
- Payment certificates and progress billing cycles
Nice to have
- VAT filing procedures
- Input/output VAT treatment
- VAT reconciliation
- Basic understanding of UAE Corporate Tax regulations
- Experience in handling external and internal audits, including preparing schedules and supporting documents
What's great in the job?
- Great team of smart people, in a friendly and open culture
- No dumb managers, no stupid tools to use, no rigid working hours
- No waste of time in enterprise processes, real responsibilities and autonomy
- Expand your knowledge of various business industries
- Create content that will help our users on a daily basis
- Real responsibilities and challenges in a fast evolving company
What We Offer
Job Location: Dubai
Type of Employment: Permanent / Full Time
Salary: AED 8000 – 10000/Month
Opportunity to work on large-scale construction projects
Exposure to end-to-end project accounting practices
Professional and growth-oriented work environment