Senior Accountant

Senior AccountantJob Summary:Overseeing and executing accurate financial reporting, project-based accounting, and compliance with VAT and regulatory standards.Hands‑on experience in managing project cost tracking, revenue recognition, budgeting, and monthly closing activities in a dynamic, multi‑vertical engineering environment.OverviewPosition Overview:The 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 Management:Maintain 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 Control:Monitor and track actual project costs (material, labor, subcontracting) against budgets.Prepare project pro‑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 Accounting:Track 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.Company Overview: The 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.Accounts Receivable & Payable:Monitor 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.Budgeting & Reporting:Prepare 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 & Treasury:Monitor 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 Controls:Support statutory and internal audits by preparing audit schedules and documentation.Implement and monitor internal controls over financial processes, approvals, and documentation.Ensure accurate recordkeeping and timely archiving of financial documents.ERP & Process Optimization:Maintain 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 Compliance:File 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 VATKSA 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, intercompany 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 experienc