Senior Accountant

About Al Rostamani Group

Al Rostamani Group, established in 1957, is a diversified conglomerate with a strong presence across multiple sectors including General Trading, Automobiles, Heavy Equipment, Travel, Foreign Exchange, Financial Services, Property Management, Construction, Infrastructure Development, and IT Services. The group employs approximately 2000 employees from 41 nationalities, fostering a multicultural workplace.

Job Purpose

The Senior Accountant will be responsible for managing Accounts Receivable and Payable, Banking activities, preparing and analyzing accounting transactions, maintaining accurate records in accounting systems, ensuring timely financial reporting, and adhering to internal controls and company accounting standards.

Key Responsibilities

• Prepare and issue customer invoices and track receipt of payments accurately.
• Maintain detailed project-wise invoice and collection records with aging reports.
• Manage export Letters of Credit including opening and negotiation processes with customers.
• Conduct periodic customer reconciliations and follow up on accounts.
• Process credit and debit notes related to customers and handle VAT matters concerning customers.
• Coordinate payments to suppliers, monitor outstanding vendor invoices, and liaise with project departments to resolve open issues.
• Manage utility bill records and ensure timely payments.
• Reconcile supplier and group company accounts periodically.
• Oversee petty cash accounting and update books regularly.
• Prepare fund transfer applications between company bank accounts, suppliers, and utilities, and facilitate document approvals from authorized signatories.
• Generate vendor-related Management Information System (MIS) reports and escalate discrepancies for corrective action.
• Maintain monthly supplier guarantees details after coordinating with department heads and liaise with banks regarding guarantee amendments or cancellations.
• Prepare monthly supplier guarantee reports for performance monitoring and SAP updates.
• Calculate monthly standard costs for new staff and workers and coordinate cost transfers into updated cost centers with HR.
• Compute provisions, accruals, and prepare schedules including necessary accounting entries.
• Prepare monthly man-hours reports to support Health, Safety & Compliance departments and produce HR metrics such as headcount for business planning.
• Review VAT invoices, prepare and finalize VAT returns, coordinate with internal VAT teams, and ensure timely filing of VAT submissions.
• Coordinate daily banking transactions and prepare bank guarantee applications.
• Manage local and import Letter of Credit applications in coordination with vendors and banks.
• Prepare periodic treasury and banking reports and conduct regular bank reconciliations.
• Prepare credit and debit notes related to both customers and suppliers.
• Maintain certificates such as PTOC/FTOC in coordination with projects and reconcile book balances with bank statements regularly.
• Assist with all month-end and period-end financial closing activities under supervision.

Qualifications and Experience

• Bachelor’s degree in Accounting or related field; Master’s degree preferred.
• A minimum of 5 to 8 years of accounting experience with 3 to 5 years of supervisory responsibility.
• Preferably at least 2 years of experience in the contracting industry.

Knowledge and Skills

• Proficient in Microsoft Excel including advanced functionalities.
• Strong understanding of financial procedures, internal controls, and data validation to prepare comprehensive financial statements.
• Ability to perform complex mathematical calculations and accounting analyses.
• Experience with SAP modules such as Financial Accounting (FI), Controlling (CO), Materials Management (MM), and Sales & Distribution (SD).
• Experienced in data compilation, coding, categorization, calculation, tabulation, verification, and processing.

Additional Information

Al Rostamani Group values dedicated professionals who are passionate about their work, eager to learn, and align with the company’s principles of Care, Commitment, and Vision. The role offers an opportunity for meaningful contributions and professional growth within a multicultural environment.