Project Accountant

Role overview

This full-time, on-site Project Accountant role in Dubai is focused on coordinating corporate banking, project finance, payments, receivables, and contract-based financial tracking. The position suits a finance professional who can manage banking interactions, monitor cash flow, ensure payment readiness, and keep project financial records accurate and complete.

Core responsibilities

• Handle routine coordination between the finance function and corporate banks, including account administration, facilities, guarantees, and cheque-related requirements.
• Issue cheques correctly and within the scheduled payment timeline.
• Keep an organized cheque log covering security cheques, post-dated cheques, maturity dates, issued items, cleared items, pending items, and cancelled items.
• Watch bank balances, upcoming disbursements, expected collections, cash needs, and transfer requirements.
• Build cash flow, payment, collection, and bank position reports for management review.
• Examine contracts, purchase orders, award letters, intent letters, supply agreements, and project agreements to identify financial commitments and payment obligations.
• Track contract payment structures such as advance payments, mobilization advances, guarantees, retention, milestones, progress billing, payment certificates, final settlement, handover-linked payments, defects liability items, variations, deductions, penalties, and related triggers.
• Monitor payment mechanics including due dates, credit periods, tax invoice rules, VAT handling, security or post-dated cheque terms, transfer requirements, and subcontractor payment conditions.
• Follow approval and documentation prerequisites such as client or consultant approvals, delivery notes, material approvals, inspection requests, site receipt confirmation, no-objection certificates, and completion certificates.
• Maintain a project-by-project financial summary showing payment terms, billing stages, retention, guarantees, due dates, penalties, variations, approvals, supporting documents, and collection needs.
• Ensure invoices are prepared in line with contract terms, milestone approvals, delivery stages, and the documents required for billing.
• Track receivables, outstanding amounts, overdue items, retention balances, certified payments, variations, and collection progress.
• Chase payment certificates, invoice approvals, payment releases, retention releases, and overdue balances with developers, contractors, consultants, and clients.
• Coordinate with internal sales, procurement, operations, delivery, project, and accounts teams so invoicing and collection files are complete.
• Process supplier, vendor, subcontractor, and project-related payments according to approved schedules.
• Keep proper records for banks, audits, contracts, cheques, invoices, approvals, payment certificates, guarantees, and project finance files.
• Record all financial transactions accurately in the accounting system based on project and contract requirements.
• Support management with profitability reports, collection reports, receivables aging, payment schedules, bank facility reports, and cash flow reporting.

Experience and qualification requirements

• Background in corporate finance, banking coordination, cheque handling, accounts payable, accounts receivable, and project-based accounting is required.
• Hands-on exposure to banks, corporate banking documentation, facilities, guarantees, and post-dated cheque processing is important.
• Ability to interpret and monitor project contract payment terms, even in a supplier environment rather than a construction contractor setting, is needed.
• Experience dealing with developers, contractors, consultants, or project clients is preferred.
• Experience in kitchen supply, fit-out, interiors, joinery, building materials, appliances, or a similar project supply business is an advantage.
• Strong understanding of contract terms covering payments, collections, guarantees, retention, variations, penalties, and final settlements is expected.
• A bachelor’s degree in Accounting, Finance, Business Administration, or a related discipline is required.
• CMA is preferred, while ACCA, CPA, CA, or an equivalent professional finance/accounting qualification will also be considered.
• Minimum 3 to 5 years of relevant experience in corporate finance, banking coordination, project accounting, accounts payable, accounts receivable, contract finance coordination, or project commercial finance is required.
• Experience in project supply, kitchen supply, fit-out, interiors, joinery, building materials, appliances, or a comparable industry is preferred.

Skills and working style

• Strong grounding in corporate finance and accounting principles
• Working knowledge of banking processes, facilities, guarantees, and cheque administration
• Ability to prepare cheques, payment schedules, and banking paperwork accurately
• Cash flow planning and collections follow-up capability
• Comfort reading and applying contractual payment clauses
• Strong coordination and follow-up skills with banks, clients, vendors, and internal teams
• Careful documentation control and attention to detail
• Proficiency in Microsoft Excel and accounting software
• Ability to manage multiple projects, deadlines, and payment follow-ups simultaneously

Ideal candidate profile

The right person will be a finance professional who can confidently manage banking relationships, cheque cycles, project contract obligations, collections, and deadline-driven finance tasks. They should understand how developers, contractors, consultants, and project clients handle approvals, certificates, retention, variations, guarantees, and final settlements, and be able to protect the company’s financial interests through disciplined tracking and follow-up.

Additional information

The source does not specify salary, stipend, number of openings, start date, or application deadline. No perks were listed.