Accounts In charge – Roles & Responsibilities
1. Financial Management & Bookkeeping
Maintain accurate and up-to-date company financial records.
Oversee daily accounting transactions (payments, receipts, invoices, petty cash).
Manage accounts payable and accounts receivable efficiently.
Prepare monthly, quarterly, and yearly financial statements.
2. Budgeting & Cost Control
Prepare and monitor project-wise budgets and expenses.
Track and control overhead costs and ensure alignment with project budgets.
Coordinate with project teams to verify and certify site expenses.
Highlight cost overruns or variances to management.
3. Payroll & Staff Payments
Manage payroll processing, overtime calculation, and end-of-service benefits.
Ensure compliance with UAE labour laws for salary disbursement.
Coordinate with HR for WPS (Wage Protection System) submissions.
4. VAT & Compliance
Handle VAT accounting and ensure timely filing of VAT returns with Federal Tax Authority.
Maintain compliance with UAE accounting and tax regulations.
Keep accurate records for audits and inspections.
5. Bank & Cash Flow Management
Reconcile company bank accounts regularly.
Monitor cash flow, ensure sufficient funds for operations and projects.
Handle bank facilities, LPOs, guarantees, and LC (Letter of Credit) doentation.
6. Project Coordination
Coordinate with procurement, project, and site teams for financial doentation.
Verify subcontractor and supplier bills before processing payments.
Monitor project billing, collections, and retention releases.
7. Reporting & Audit Support
Prepare MIS (Management Information System) reports for management review.
Support internal and external auditors with required doents and clarifications.
Ensure timely submission of financial reports to authorities and management.
8. Software & System Use
Operate accounting software (e.g., Tally, QuickBooks, or ERP systems) for financial entries.
Maintain digital records of all transactions.
9. Policy & Procedure Compliance
Ensure all accounting operations follow company policies and UAE legal standards.
Implement financial controls and standard operating procedures.
Safeguard company assets through proper accounting practices.
Preferred Qualifications:
Bachelor’s Degree in Accounting or Finance.
Minimum 3–5 years UAE contracting company experience.
Strong knowledge of VAT, WPS, and project cost control.
Proficiency in MS Excel and accounting software.
Excellent communication and reporting skills.
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