Job Description

Projects Accounting

• Structure set up in Talley System as needed, create accurate project wise cost report on time
• Monitor all cost movement, develop a model for measuring costs related to management decisions
• Review Contracts during the draft stage with Projects Dept. to understand the general scope of execution.
• Invoice billing and payment follow up.
• Liaising with Project engineers on all aspects of Contracts accounting, reconciliation, follow ups.
• Project cost tracking reports for accuracy and alignment; make corrections and updates as directed and prepare final project cost tracking reports upon job completion.
• Summarize project status; preparing balance sheet, profit and loss statement, and other reports
• Supplier payables verification, negotiating for payments arrangement

Cashflow:

• PDC cheque monitor and daily payment alert
• Prepare and maintain cash flow analyses as needed and analyze monthly financial statements (balance sheet, income statement, and statement of cash flows)
• Verify the supplier balances and endorse payment request
• Maintain records for account receivables, deposits, prepaid/accrued expenses,
• Cost control, payment application and bill reimbursement verify and management
• Negotiation with all business partners to disperse out cash flow to meet working capital requirements.
• Involvement in purchase and supplier analysis to get better credit terms and minimize payouts

General Accounting

• Fully responsible for VAT accounting and up to finalization, Produce error-free accounting reports
• Bank account application, transaction and risk management.
• Customer credit monitor, aging report, SOA updates on time, payment follow up to collection.
• Managing banking relationship, loan application, ensuring compliance with best loan agreements, negotiating extensions/ amendments to existing loan facilities.
• Maintain the general ledger and all related accounts with proper documentation and records of all company transactions and prepare collection and billing reports
• Maintain fixed asset records, determine depreciation terms/rates to apply to capitalized items
• Administer the preparation of interim, year-end and comparative financial reports and provide analyses of current results to prior periods and/or budgets.
• Supervise and manage inventory control process coordinating physical inventory as guided.
• Develop and document business processes & accounting policies to maintain and strengthen internal controls

WPS Payroll

• Verify and approve monthly payroll and make the necessary salary deposits/ transfer.
• Responsible for processing of monthly payroll and employee expense reimbursements
• Extracting attendance summaries for Ops/labors/projects on a case-to-case basis to base calculations.

Qualifications:

• Should be Bachelor's degree in Accounts
• Experienced with accounting for complex business entities especially a parent organization with multiple subsidiaries
• Must have experience with construction cost accounting processes and professional in Talley software
• Thorough knowledge of standard costing and associated rates with the ability to develop and maintain the cost accounting system with verifiable and accurate reporting
• Minimum 3 years experience preferably in the Construction sector specialized in Cost Accounting and MIS/Financial Reporting.
• Bachelor's degree in Finance or Accounting from an accredited university with a major in the field of Cost Accounting.

Job Type: Full-time Salary: AED4,000.00 - AED6,000.00 per month Experience:

• Accounting: 3 years (Preferred)