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Company Description

Hiphen Consulting drives business success through cutting-edge technology and exceptional talent. Our global presence spans Asia, the Americas, Europe, the Middle East, and Latin America, offering reliable servicing with a focus on Generative AI. Visit hiphenconsulting.com for more information.

Job Title: Project Accountant

Reports to: Head of Finance

Location: Abu Dhabi, UAE

Industry: Energy & Power

Requisition Issue: September 2024

Role Description

This is a full-time for a Project Accountant within the Energy & Power industries in Abu Dhabi. The Project Accountant will be responsible for financial analysis, budgeting, forecasting, and project cost management. They will ensure compliance with financial regulations and provide strategic financial recommendations to drive business growth.

Book-keeping & Accounting Operations

• Manage the general ledger (GL), sub-ledgers, journal entries, accruals, prepayments, depreciation, and invoice entries.
• Prepare month-end, quarter-end, and year-end closing activities, including audit schedules.
• Ensure accurate and timely closing of accounts on a monthly, quarterly, and annual basis.
• Reconcile payables, receivables, and VAT with sub-ledgers.
• Maintain registers for fixed assets, payables, receivables, and inventory.
• Organize and store financial documents such as contracts, purchase orders, invoices, and remittances.
• Periodically obtain account balance confirmations from suppliers, customers, and staff.
• Develop and present monthly and quarterly accounting reports for management and executive teams.
• Oversee day-to-day accounting operations and assist in financial, tax, and compliance audits.

Banking & Cash Management

• Set up and process online payments in a net banking environment.
• Prepare and submit manual telegraphic transfers to banks as needed.
• Reconcile multi-currency bank accounts with books of accounts and manage foreign exchange (FX) accounting.
• Calculate and accrue monthly interest on bank loans and reconcile with bank statements.
• Ensure timely payment of financial debt instruments and other liabilities.

Budgeting & MIS Reporting

• Prepare annual operating and capital expenditure (CapEx) budgets, as well as rolling forecasts.
• Develop monthly budget vs. actual reports for each GL line item, providing variance analysis and explanations.
• Continuously update rolling forecasts based on financial progress.
• Create ad-hoc financial reports as requested by management.

Payables Management

• Verify invoices for completed project milestones and prepare work completion certificates for approval.
• Record approved invoices and ensure timely payment to contractors and suppliers.

VAT Compliance

• Accurately record VAT on sales and purchase transactions.
• Prepare detailed VAT working schedules, calculate, and file VAT returns.
• Submit VAT refund applications and coordinate with the Federal Tax Authority (FTA) to ensure timely processing of refunds.

Qualifications & Skills

• Experience: Minimum of 5 years of relevant UAE experience as a Project Accountant.
• Solid understanding of International Financial Reporting Standards (IFRS) and local accounting regulations.
• Proficiency in accounting software such as Xero, Tally, Oracle, or equivalent systems.
• Advanced knowledge of MS Excel, including V-lookups, pivot tables, and data analysis tools.
• Strong attention to detail and excellent analytical capabilities.
• Ability to generate reports and communicate financial information effectively to management.
• Strong command of oral and written English communication.
• Education: Bachelor's degree in Accounting, Finance, or a related field.

Additional Information

• The role offers exposure to key finance operations in the Energy & Power sector, providing opportunities for skill enhancement in budgeting, multi-currency accounting, and VAT compliance.
• Candidates will work closely with the Head of Finance and the executive team, contributing to the overall financial health of the organization.

How to Apply:

Interested candidates may apply with their updated CV, along with their current and expected salary and notice period to: Type: Full-time

Pay: AED20,000.00 - AED25,000.00 per month

Ability to commute/relocate:

• Abu Dhabi: Reliably commute or planning to relocate before starting work (Preferred)

Application Question(s):

• How many years of work experience do you currently have in the United Arab Emirates?
• We must fill this position urgently. Can you start immediately?

Education:

• Master's (Required)

Experience:

• Project Finance: 2 years (Required)
• Accounting: 5 years (Required)

Location:

• Abu Dhabi (Preferred)

Expected Start Date: 10/10/2024