Senior Accountant

Senior AccountantJob post summaryJob description:Position OverviewThe Senior Accountant will be responsible for overseeing and executing accurate financial reporting, project-based accounting and compliance with VAT and regulatory standards. The role requires hands‑on experience in managing project cost tracking, revenue recognition, budgeting and monthly closing activities in a dynamic multi‑vertical engineering environment.Key ResponsibilitiesGeneral Ledger and Financial ManagementMaintain and reconcile the general ledger ensuring accurate journal entries and allocations.Oversee day‑to‑day accounting activities, including bank reconciliations, cash and petty cash management.Conduct monthly, quarterly and year‑end closings with complete supporting schedules.Ensure financial records are maintained in compliance with approved policies and procedures.Project Accounting & Cost ControlMonitor and track actual project costs (material, labour, subcontracting) against budgets.Prepare project profitability reports and identify cost overruns or variances.Manage project‑based invoicing (progress billing, milestone billing), retention accounting and advance adjustments.Ensure accurate revenue recognition in accordance with IFRS and company policy.Align with project managers on work‑in‑progress (WIP) billing milestones and project deliverables.Trading & Inventory AccountingTrack inventory movement and perform quarterly physical count reconciliations.Ensure Cost of Goods Sold (COGS) is correctly recorded and gross margins are monitored.Reconcile stock in transit and GRN vs. PO matching.Accounts Receivable & PayableMonitor customer aging reports and follow up on outstanding receivables.Coordinate with sales teams on payment collections and credit control.Verify supplier invoices, coordinate with procurement and ensure timely payments.Company OverviewThe company has been a pioneering force in the United Arab Emirates since its establishment. Our journey has seen us transform from a modest provider of desalination systems to a forward‑thinking enterprise dedicated to delivering comprehensive water‑centric services and innovative solutions.Budgeting & ReportingPrepare monthly MIS reports including P&L, Balance Sheet, Cash Flow and project‑wise profitability.Prepare cash‑flow projections and variance analysis against budget.Support department heads with budget planning and monitoring.Cash Flow & TreasuryMonitor daily cash‑flow requirements and prepare cash‑flow forecasts.Track upcoming payments, project fund availability and loan repayments.Liaise with banks for facilities, online banking, guarantees and reconciliations.Audit & Internal ControlsSupport statutory and internal audits by preparing audit schedules and documentation.Implement and monitor internal controls over financial processes, approvals and documentation.Ensure accurate record‑keeping and timely archiving of financial documents.ERP & Process OptimizationMaintain accurate and up‑to‑date financial data in the ERP (Odoo or equivalent).Identify and implement process improvements for automation and accuracy.Train junior accounting staff on system usage and company policies.VAT & Regulatory ComplianceFile monthly or quarterly VAT returns (UAE/KSA) and ensure proper documentation.Maintain electronic invoices per ZATCA/FATOORA standards in KSA.Respond to VAT queries and audits, ensuring zero non‑compliance penalties.Corporate Tax & Regulatory Compliance (UAE KSA India)Ensure full compliance with corporate tax regulations in all operating jurisdictions (UAE, Saudi Arabia – Zakat & Income Tax, and India).Handle tax registration, return preparation and timely filings for each country in coordination with consultants or advisors as required.Maintain accurate documentation for all tax‑related transactions, audits and inspections.Stay up to date on statutory changes in each region including Corporate Tax, VAT/GST, TDS (India) and withholding taxes.Monitor deadlines and ensure accurate filing of UAE Corporate Tax and VAT, KSA Zakat, Income Tax and e‑invoicing (ZATCA), India Corporate Tax, GST, TDS and other statutory dues (PF, ESI, PT).Support cross‑border compliance requirements such as transfer pricing, inter‑company agreements and group consolidations.Coordinate with internal teams and external consultants to ensure proper tax treatment across EPC trading, AMC and service contracts.QualificationsBachelor's degree in Accounting, Finance or Commerce (Master's degree preferred).Professional certification such as CA (India), ACCA, CPA or CMA is strongly preferred.Strong knowledge of IFRS, project accounting and VAT compliance.Minimum 8‑10 years of experience in accounting and finance with exposure to project‑based businesses like EPC contracting companies.Experience in handling multi‑country operations or group‑level consolidation is a plus.Familiarity with cross‑border transactions, DDP shipments and LC documentation is a plus.Key SkillsStrong attention to detail.Ability to