General Accountant

General Accountant in a construction or fit out company is responsible for managing financial transactions, ensuring compliance with accounting standards, and supporting financial reporting. This role involves cost tracking, budgeting, accounts payable/receivable, payroll, and assisting in financial analysis related to construction projects.

Key Responsibilities:

1. Accounts Payable & Receivable:
   • Process invoices, payments, and manage vendor accounts.
   • Track project-related expenses and ensure timely vendor payments.
   • Handle customer billing and collections for completed work.
   • Reconcile accounts payable and accounts receivable to ensure accuracy.
2. Construction Cost Accounting:
   • Maintain job cost reports, ensuring all project expenses are accurately recorded.
   • Work with project managers to track construction budgets and prevent cost overruns.
   • Allocate costs to the correct project codes and ensure proper expense categorization.
   • Assist in preparing Work in Progress (WIP) reports.
   • Prepare and maintain financial statements, general ledger entries, and reconciliation reports.
   • Ensure compliance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
   • Assist in preparing monthly, quarterly, and annual financial reports.
   • Monitor cash flow and ensure proper financial planning for ongoing projects.
3. Payroll & Compliance:
   • Process payroll, including calculations for union wages, subcontractors, and field workers.
   • Ensure compliance with local tax regulations, labor laws, and construction-specific tax filings.
   • Handle tax filings, including VAT/GST, corporate taxes, and employee-related taxes.
   • Coordinate with auditors and regulatory authorities as needed.
4. Budgeting & Forecasting:
   • Assist in preparing budgets and forecasts for ongoing and upcoming projects.
   • Identify variances between actual and budgeted costs, providing recommendations for cost control.
   • Support management in financial planning and decision-making.
5. Auditing & Internal Controls:
   • Ensure all financial records and transactions are properly documented.
   • Assist in internal and external audits, providing necessary financial data.
   • Implement and maintain strong internal controls to safeguard company assets.

Desired Candidate Profile

Must Have

• Bachelor’s degree in Accounting, Finance, or a related field.
• Minimum of 3 years in accounting (Fit out /contracting industry preferred).
• Familiarity with construction accounting principles, project costing, and contract billing.
• Knowledge of IFRS and UAE corporate tax laws.
• Technical Skills: Proficiency in ERP system, Microsoft Excel, and AI-based accounting tools and systems.
• Strong knowledge of UAE tax laws, VAT regulations, and financial reporting standards.
• Soft Skills: Attention to detail, analytical thinking, and strong communication skills.

Nice to have

• Familiarity with construction accounting principles, project costing, and contract billing.
• Experience in financial auditing and risk assessment.
• Familiarity with cloud-based accounting systems and automation tools.
• Ability to work with multi-currency transactions and international finance.