Senior Accountant

Company Overview:

Position Overview:

Key Responsibilities:

General 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 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.

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:

o  UAE Corporate Tax and VAT

o  KSA Zakat, Income Tax, and e-invoicing (ZATCA)

o  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.

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Qualifications:

Accounting, Finance, or Commerce

Professional certification

·      Strong knowledge of IFRS, project accounting, and VAT compliance

8-10 years of experience

multi-country operations

·      Familiarity with cross-border transactions, DDP shipments, and LC documentation is a plus.

Key Skills:

·      Strong attention to detail, ability to work independently, and meet tight deadlines.

·      Excellent analytical and problem-solving skills.

·      High proficiency in Excel and accounting systems (Odoo preferred).

·      Strong communication and interpersonal skills.

·      Ability to multitask and work under pressure with tight deadlines.