Our Client

Our Client is one of the leading engineering and construction companies operating across GCC for over 25 years. They offer full-service engineering with a focus on foundations and piling.

Role

We are looking to place a Cost Accountant who will minimize the days sales outstanding (DSO) and processing costs whilst maintaining good customer relations.

Tasks

  • Preparing of statement of account for each project and update it on daily basis.
  • Analyze the requirements of a project and determine the cost involved.
  • Review current schedules and stages of projects and conduct a cost control analysis.
  • Once projects have been completed, following up on releasing of original guarantees, security cheques on or before defects liability period.
  • Meeting with the clients to resolve any issues related to the invoices/payments.
  • Identifying the variations in contract costs and updating the information in a timely manner with Estimation Department
  • Work with project managers and operational team in resolving costing issues
  • Resolving the discrepancies related to the submitted invoices.
  • Issuing payment certificates and progress payments,
  • Reviewing contract and payment terms and forecasting cashflow
  • Able to generate contract billings with various complex situations with VAT impact from the data received from the Project Site.
  • Able to understand Contract Clauses related to Financial matters i.e., payment terms, Warranties, DLP, etc.
  • Reasonable knowledge of insurances and bonds required for the project.
  • Can follow up with clients with professional communication.

Ensure the following:

o Timely submission of invoices to the client.

o All data related to the project for invoicing have been collected properly.

o Scrutinization of data to convert into an invoice.

o Calculations are in accordance with the contracts.

o Proper VAT has been invoiced.

o Advance payments have been collected in a timely manner against the submission of the advance payment bond.

o Due payments have been followed up in advance on a daily basis to avoid any delays in payments.

o Payment certificates have been received from each project and invoices have been certified and forwarded to the accounts department of the client.

Profile & Background

Bachelor’s degree in Accounting or Finance.

  • Strong theoretical and practical knowledge of generally accepted accounting principles.
  • Working knowledge of analyzing financial reports and records.
  • Able to generate budgets and reports.
  • 2+ years’ experience in accounts receivable and account reconciliation.
  • Advanced level PC skills with knowledge of Windows & Microsoft software applications, advanced knowledge in spreadsheet applications.
  • Excellent English verbal and written communication skills.

Other

  • Competitive package
  • Based in Abu Dhabi, UAE

CONFIDENTIALITY

TRAC does not share any personal or role-related information provided by candidates or clients with a third party unless explicitly authorized to do so. Candidates are not permitted to share any information provided by TRAC employees or clients unless authorized to do so in writing.

Apply now

Upload your CV/resume or any other relevant file. Max. file size: 8 MB.