Description
The Accounts Manager will oversee all financial and accounting operations for the Company. The role requires strong industry experience in project accounting, cost control, and cash flow management. The Accounts Manager will ensure timely and accurate financial reporting, regulatory compliance, and effective coordination between project sites, procurement, and management to support the company’s financial stability and growth.Key Responsibilities1. Financial Accounting & Reporting• Manage daily accounting operations, including accounts payable, accounts receivable, general ledger, and bank reconciliations.• Oversee accurate and timely financial reporting for management and external stakeholders.• Prepare monthly, quarterly, and annual financial statements in line with IFRS and company standards.• Ensure timely project-wise accounting and job-cost reporting for steel fabrication and construction projects.• Consolidate financial data from multiple projects and divisions.2. Project Costing & Budget Control• Develop and maintain project cost control systems to monitor material, labor, subcontractor, and overhead costs.• Analyze cost variances and report deviations from project budgets.• Support project managers in cost forecasting and financial planning.• Oversee inventory valuation and WIP (Work-in-Progress) accounting for fabrication units.3. Cash Flow & Treasury Management• Monitor company cash flows, ensuring adequate liquidity for project operations.• Manage supplier payments and collection schedules to maintain positive cash cycles.• Prepare and update cash flow forecasts and funding requirements.• Coordinate with banks for facilities such as LCs, bank guarantees, and project financing.4. Compliance, Audit & Taxation• Ensure compliance with VAT, corporate tax, and other local statutory requirements (e.g., UAE Corporate Tax).• Coordinate with internal and external auditors, providing required documentation and clarifications.• Maintain accurate records in compliance with company policies and accounting standards.• Monitor and implement changes in tax or accounting regulations relevant to the industry.5. Internal Controls & System Management• Strengthen internal control systems to prevent financial discrepancies and ensure data accuracy.• Develop, document, and maintain accounting policies and procedures.• Oversee ERP/accounting software implementation and data integrity (e.g., Tally ERP, SAP, or Oracle).• Automate reports for faster project financial monitoring and management review.6. Leadership & Team Development• Supervise, train, and evaluate accounting and finance staff across head office and project sites.• Foster collaboration between finance, procurement, operations, and project management teams.• Build a strong, performance-driven finance culture with accountability and transparency.Key Performance Indicators (KPIs)• Timeliness and accuracy of project and financial reporting• Variance control between budgeted and actual project costs• Compliance with statutory and audit requirements• Efficiency in cash flow and working capital management• Integrity and reliability of accounting systems and controlsQualifications & ExperienceBachelor’s degree in Accounting, Finance, or Commerce.Professional certification such as CPA, ACCA, CMA, or CA is a strong advantage.Minimum 10–15 years of accounting experience, with at least 5 years in the steel fabrication or construction industry.Hands-on experience with project accounting, cost control, and ERP systems.In-depth knowledge of IFRS, UAE VAT, and Corporate Tax laws.Proven ability to handle multiple projects and tight reporting timelines.Skills & CompetenciesStrong analytical and cost management skillsExcellent attention to detail and problem-solving abilityLeadership and team-building capabilitiesProficiency in accounting and ERP software (SAP, Oracle, Tally, or equivalent)Sound understanding of project finance, contracts, and construction workflowsHigh ethical standards and financial integrity