Accounting

Accountant

Client of Blue Hat HR Services LLC
Dubai, UAE Listed 2 months ago via Naukrigulf
poc

Job Overview

Company Industry Construction, Civil Engineering
Department / Functional Area Accounts, Taxation, Audit, Company Secretary

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 rental equipment or construction or contracting industry (Mandatory) Must speak either Egyptian Arabic or Sudanese Arabic. 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 Proven experience in project accounting and job costing environment 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

Desired Candidate Profile

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 rental equipment or construction or contracting industry (Mandatory) Must speak either Egyptian Arabic or Sudanese Arabic. 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 Proven experience in project accounting and job costing environment

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  • CompanyClient of Blue Hat HR Services LLC
  • LocationDubai, UAE
  • CategoryAccounting
  • Listing sourceNaukrigulf
  • Apply onnaukrigulf.com
  • Listed2 months ago

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