Chief Accountant

Job Description Roles & Responsibilities Lead and oversee the accounting and financial reporting functions of the company, ensuring compliance with IFRS, UAE regulations, and internal financial policies. Prepare monthly, quarterly, and annual financial statements and management reports. Manage project accounting activities for multiple construction and infrastructure projects. Monitor project costs, budgets, commitments, and cost-to-complete analysis to ensure financial control throughout the project lifecycle. Review and reconcile project-wise revenues, costs, subcontractor payments, material purchases, and overhead allocations. Ensure accurate accounting treatment of Work-in-Progress (WIP), accrued costs, retention receivables/payables, advance payments, and project provisions. Monitor project cash flows, payment certificates, client billing, collections, and supplier/subcontractor liabilities. Coordinate with Project Managers, Commercial Teams, Procurement, and Quantity Surveyors to ensure financial accuracy of project reporting. Perform detailed variance analysis between budgeted and actual project costs, highlighting financial risks and opportunities. Review subcontractor invoices, progress payment certificates, variations, claims, and final account settlements. Manage bank facilities, project financing, guarantees, letters of credit, and performance bonds. Ensure compliance with VAT regulations, corporate tax requirements, and statutory reporting obligations. Support internal and external audits and ensure timely closure of audit observations. Review and reconcile intercompany transactions and group-level reporting requirements where applicable. Develop and strengthen internal controls, financial governance, and accounting procedures across projects. Supervise and mentor the accounting team to ensure efficiency, compliance, and timely reporting. Construction-Specific Technical Responsibilities Strong understanding of Construction Accounting and Project Cost Control. Monitor Job Costing, Cost Codes, Budget Tracking, and Earned Value Reporting. Manage Revenue Recognition under IFRS 15 (Percentage of Completion Method). Review WIP Schedules and Cost-to-Complete Forecasting. Control Retention Accounting, Advance Payments, Performance Bonds, and Bank Guarantees. Monitor Project Claims, Variations, Extension of Time (EOT) Financial Impact, and Commercial Recoveries. Analyze project profitability and margin performance across multiple projects. Coordinate with Commercial and QS teams for cost reporting and project financial forecasting. Review procurement commitments and subcontractor financial exposure. Ensure proper accounting treatment of mobilization costs, project overheads, and indirect costs. Desired Candidate Profile Education Bachelor's Degree in Accounting, Finance, Commerce, or related field. CA, ACCA, CPA, CMA, or equivalent professional qualification preferred. Experience Minimum 8–12 years of accounting and finance experience. Minimum 5 years in Construction, Contracting, Infrastructure, Civil Engineering, Building Construction, MEP, or EPC companies within the GCC/UAE. Experience handling multiple large-scale construction projects is mandatory. Technical Skills Strong knowledge of IFRS and Construction Accounting Standards. Advanced Microsoft Excel skills. Hands-on experience with ERP systems such as Oracle, SAP, ERPNext, JD Edwards, Microsoft Dynamics, or similar. Strong understanding of project costing, budgeting, forecasting, and financial controls. Employment Type Full Time Company Industry ConstructionCivil Engineering Department / Functional Area AccountsTaxationAuditCompany Secretary Keywords Internal ControlsHead Of AccountingFinancial ReportingFinancial AnalysisFinance ManagerSenior Financial AnalystDirector Of FinanceBudget ManagementTeam LeadershipVariance AnalysisChief Financial OfficerFinance DirectorFinancial Controller Get real-time job updates only on our App