Accountant Arab Contractors (Dubai) LLC

1. Core Accounting & General Ledger (GL)

• Daily Transaction Management: Accurately process and record all financial transactions, including general ledger entries, in the company’s ERP/accounting system.
• Month-End Close: Execute and manage the monthly, quarterly, and annual financial closing processes in a timely manner.
• Reconciliations: Perform daily and monthly bank reconciliations, intercompany reconciliations (if applicable), and balance sheet account reconciliations to ensure accuracy and integrity of financial data.
• Asset Management: Maintain the fixed asset register, process depreciation, and manage capitalization and disposal entries.

2. Construction & Project Accounting

• Job Costing: Work closely with Project Managers and Commercial teams to track and analyze project costs (labor, material, subcontract, and overhead) against approved budgets and contracts.
• Expense Allocation: Ensure proper allocation of costs to respective projects, cost centers, and work breakdown structures (WBS).
• WIP Management: Assist in the calculation and monitoring of Work-In-Progress (WIP) and ensure accurate revenue recognition based on the percentage of completion method or contract terms.
• Subcontractor & Vendor Management: Manage the financial aspect of subcontractor payments, ensuring adherence to contract terms, including verification of certifications and management of retention/holdback amounts.

3. Accounts Payable (AP) & Accounts Receivable (AR)

• Accounts Payable: Process vendor invoices, ensure proper supporting documentation and authorization, and manage weekly payment runs.
• Accounts Receivable/Billing: Prepare and issue accurate and timely sales invoices/payment applications to clients based on approved work progress and contract milestones. Follow up on outstanding receivables to ensure a healthy cash flow.

4. Reporting & Compliance

• Financial Reporting: Prepare and assist in the preparation of key financial statements, including the Balance Sheet, Income Statement, and Cash Flow Statement.
• Internal Reporting: Generate project-specific financial reports (e.g., Cost vs. Budget reports, profitability analysis) for management review and decision-making.
• VAT & Tax Compliance: Manage and ensure compliance with all UAE VAT regulations, including the preparation and timely filing of VAT returns. Prepare for future UAE Corporate Tax compliance.
• Audit Support: Assist with internal and external audits by preparing necessary schedules, documents, and explanations.