Senior Accountant

Company DescriptionCNSis a technology company that powers the future by providing digital solutions essential to support all enterprise and human development. While growing and managing a robust pool of supplier-partners for the benefit of our clients has always been a priority, we are constantly re-inventing ourselves.Founded in 1987 with more than 30 years of experience, CNS employs over 320 employees including more than 250 certified engineers. We offer in-depth expertise and a range of best-in-class products that support the digital transformation of all major industries. With offices in three countries, we have an extensive reach into, and regional knowledge of the Middle East markets.A shift into levering our many years of experience to develop pioneering software in-house will add yet another dimension to our highly innovative solutions-portfolio.Job DescriptionThe Senior Accountant will manage project and service revenue recognition, VAT/WHT compliance, inventory costing, sales commissions, and accounts payable. The role requires strong IFRS 15 experience within IT or project-based environments, along with solid ERP and month-end closing skills. The accountant will work closely with cross-functional teams to ensure accurate financial reporting and timely reconciliation of all project-related transactions.Job ResponsibilitiesProject and Service Revenue & Cost RecognitionRecognize 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 & WHTCalculate 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 CommissionsCalculate 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 PayableValidate 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 & ProvisioningPost 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.QualificationsEducationBachelor’s degree in Accounting, Finance, Business Administration, or a related field.Professional qualifications such as CA,ACCA, CPA, CMA (full or partial completion) are preferred.Additional training or coursework in project accounting, IT industry finance, IFRS 15 (Revenue from Contracts with Customers), or ERP systems is an advantage.Experience5–7 years of accounting or finance experience, preferably within an IT System Integrator, IT Services, Technology Solutions, or Project-based environment.Experience with project-based revenue recognition, especially under IFRS 15, including milestone-based billing, unbilled receivables, and deferred revenue.Strong exposure to service revenue, maintenance contracts, AMC billing, and time-and-material projects.Experience in managing inventory of IT hardware, spare parts, and consumables, including costing, amortization, and provisions for slow-moving or obsolete items.Hands-on experience with accounts payable, especially vendor management for IT equipment, distributors, and global technology partners.Experience with VAT/WHT regulations applicable to IT hardware supply, services, and cross-border vendor transactions.Familiarity with ERP systems commonly used in IT integration businesses (e.g., Microsoft Dynamics 365, SAP, Oracle, NetSuite) including project and service modules.Demonstrated experience in month-end closing, journal entries, reconciliations, and financial reporting.Additional InformationSkills & AbilitiesTechnical SkillsStrong understanding of project accounting for IT system integration projects (hardware, software, services, AMC, managed services).Solid knowledge of IFRS, especially IFRS 15 (revenue recognition) and IAS 2 (inventory).Proficiency in ERP systems, including modules for projects, services, inventory, and accounts payable.Advanced Exce