General Accountant - Contracting Company

Job Description

Key Responsibilities

• **Financial Reporting & Analysis:**
• Prepare and analyze monthly, quarterly, and annual financial statements (balance sheet, profit & loss statement) for management review.
• Ensure accuracy and completeness of financial reports and assist in preparing financial statements in compliance with local regulations and accounting standards.
• Perform financial analysis and provide insights into cost control, profitability, and overall financial performance.
• **Project Accounting & Contract Management:**
• Manage project accounting, ensuring accurate tracking of costs, progress payments, and billing according to contract terms.
• Ensure that all project-related financial data is recorded accurately, including contract variations, claims, and progress billing.
• Coordinate with project managers to track and reconcile project costs and revenues.
• **General Ledger Management:**
• Maintain and update the general ledger, ensuring proper posting of financial transactions, accurate account coding, and reconciliation of all accounts.
• Conduct regular reconciliation of balance sheet accounts and resolve discrepancies promptly.
• **Accounts Payable & Receivable:**
• Oversee and manage accounts payable (AP) and accounts receivable (AR) functions, ensuring all invoices are processed on time, and collections are handled efficiently.
• Monitor cash flow and ensure timely payments to suppliers and contractors.
• Work closely with vendors and customers to resolve billing issues and discrepancies.
• **Payroll and Tax Compliance:**
• Assist with payroll processing and ensure that wages, overtime, and deductions are calculated correctly and paid on time.
• Ensure compliance with tax regulations (including VAT, WHT, and other local taxes) and assist in preparing tax returns and reports.
• Handle monthly, quarterly, and year-end tax filings.
• **Cash Flow Management:**
• Monitor cash flow, ensuring sufficient liquidity for operational needs and project requirements.
• Assist in cash forecasting and liquidity management.
• **Internal Controls & Audit Support:**
• Ensure compliance with internal financial controls and accounting policies.
• Support both internal and external auditors during audits and provide required financial documentation.
• **Cost Control & Budgeting:**
• Participate in preparing annual budgets and forecasts for the company and projects.
• Monitor and control costs, providing regular analysis of variances between actual and budgeted amounts.
• **Financial Documentation & Reporting:**
• Prepare and submit financial reports for management, stakeholders, and regulatory authorities on time.
• Maintain proper filing and documentation of all accounting and financial records.

Requirements

• **Experience:**
• 5-8 years of experience in accounting, with at least 3 years in the **contracting or construction industry**.
• Strong understanding of project-based accounting, including contract management and progress billing.
• **Education:**
• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification (e.g., CPA, ACCA, CMA) is a plus.
• **Skills:**
• Strong knowledge of accounting principles, financial reporting, and local regulations (e.g., VAT, WHT).
• Proficiency in accounting software ( SAP, Preferred ).
• Advanced Excel skills, including pivot tables, VLOOKUP, and data analysis.
• Ability to manage multiple projects and priorities in a fast-paced environment.
• Strong attention to detail and accuracy.
• Excellent organizational, time-management, and problem-solving skills.
• Strong communication skills and ability to work effectively with internal and external stakeholders.
• **Language:**
• Fluency in English (written and spoken) is required.
• Knowledge of additional languages is an advantage.

Preferred Qualifications

• Experience in a senior accounting or supervisory role within the contracting/construction industry.
• Knowledge of local tax laws, including VAT and withholding tax.
• Experience with ERP software implementation or upgrades.

Job Type: Full-time

Education

• Bachelor's (Preferred)

Experience

• accounting: 1 year (Preferred)