Previous experience in a building contracting-based company
is essential
Must be currently residing in Dubai, UAE
Immediate joining is mandatory
Valid UAE Driving License is a plus
Worked on any ERP
1. Project-Based Accounting:
- In construction, accountants manage each project as a separate entity. This includes tracking costs (labor, materials, equipment) and revenues for each project, which helps in identifying the profitability of individual projects. Also monitor budgets and timelines.
2. Cost Allocation:
- Construction companies incur various types of costs such as direct labor, subcontractor expenses, materials, and overheads. The accountant must accurately allocate these costs to the appropriate project to ensure proper job costing.
3. Contract Management:
- Accountants must ensure that the financial aspect of contracts with clients, subcontractors, and suppliers is properly documented and tracked. They manage the financial aspects of contracts such as billing schedules, change orders, and retention payments.
4. Progress Billing & Revenue Recognition:
- Construction companies often use progress billing, where they invoice based on the percentage of work completed. The accountant calculates these percentages and ensures that revenue is recognized accurately based on the percentage-of-completion method.
5. Cash Flow Management:
- Cash flow can be unpredictable in construction due to delays in payments or large upfront costs. Accountants manage cash flow by forecasting future inflows and outflows to ensure the company has enough liquidity to continue operations.
6. Compliance and Reporting:
- Construction accountants ensure compliance with tax regulations, labor laws, and financial reporting standards. They also file periodic VAT or sales tax returns, especially for large capital projects, and may handle compliance for multiple jurisdictions if the company operates across regions.
7. Financial Analysis:
- Accountants conduct financial analysis such as variance analysis (comparing actual costs to budgeted costs), profitability analysis of each project, and preparing financial reports to help management make informed decisions.
8. Fixed Asset Management:
- In construction, companies own heavy equipment, tools, and vehicles. The accountant tracks the purchase, depreciation, and maintenance of these assets.
Dubai: Reliably commute or planning to relocate before starting work (Preferred)
Application Question(s):
Are you currently in Dubai? If yes where?
How soon can you join, If you are currently employed, What is your notice period?
What is your expected salary
What is your visa status?
Education: