Posted: 26 Jan 2023

Location: Shuwaikh

• Job role and responsibilities will include working in a finance department for the Accounts Receivable, Accounts Payable, bank reconciliations and Intercompany Accounting.
• Verifying and booking of supplier and subcontractor invoices for payment as per Purchase Order/Sub-contract agreement.
• Checking and recording sub-contractors’ invoices based on documents received (e.g., payment certificates, etc.,) duly approved by the Project engineer/manager. Also reconcile the bills with our records (on retention, advance, material & other deductions, etc.,) and prepare the payment.
• Review of petty cash vouchers for the bills submitted and creating payment requests in the accounting system. Additionally, all expenses need to be allocated to their respective cost center and the appropriate project. Review, verification, approval, and accounting of payroll payments.
• Follow up on Cheque collection & disbursal to the suppliers/sub-contractors.
• Accurate accounting of the customer invoices as per contract/purchase order.
• Follow-up for the payment internally with project managers and with the client.
• Reviews, investigates, and corrects errors and inconsistencies in financial entries, documents, and reports.
• Review of physical inventory at site and reconciliation.
• Periodic reconciliation of account statement with suppliers and customers.

KEY RESPONSIBILITIES:
• Complete understanding of Project/Contracting businesses is required.
• Understanding of terms of the contract such as advance payment, progress payment, retention, advance payment guarantee, performance guarantee, defect liability/warranty period, nature of project costs, project budgets, project invoicing etc.
• Full responsibility for on-time payment to suppliers/subcontractors and related parties.
• Accurate reporting for accounts payable functions such as advance payments to suppliers, account payable ageing, retention payable etc.
• Responsible for accurate accounting of the invoices and payments on the Oracle system and its related files and the coordination for the upgrades to the system.
• Assist the Finance Manager in analyzing transactional processes and identify areas where additional accuracies and efficiencies can be achieved.
• Support the Finance Manager to ensure that intercompany cost allocations are in line with management agreements.
• Work with both internal and external auditors during financial & operational audit.
• Undertake any other duties relevant to the key tasks and responsibilities identified by the Finance Manager.

SKILLS:
• Experience working in a contracting company is a must.
• Able to work independently and highly meticulous.
• Relevant experience in Accounts Payable, Accounts Receivable, Intercompany Accounting and Bank/Cash accounting is required.
• Working with accuracy, speed and commitment is required.
• Good communication skill to interact and coordinate with other departments in the organization.
• Work experience in ORACLE will be an advantage.
• Good MS-Office skills particularly strong capabilities in MS Excel.
• Current knowledge of industry, regulatory and legislative developments affecting accounting and financial reporting functions.

QUALIFICATIONS:
• Bachelor’s Degree in accounting, finance, or a similar discipline.
• CA/CMA part qualified will be an advantage for the senior role.
• Junior role: 1 to 4 years of experience in finance and accounting.
• Senior role: 5 to 10 years of experience in finance and accounting in the Contracting industry

INSTRUCTION TO APPLY:
Please apply via email at [email protected] With the following information:
o Current salary
o Expected salary
o Highest education
o Current company
o Years of experience in Contracting
o Total years of experience

We look forward to receiving your application!

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Apply Email: [email protected]

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