Junior Accountant
Junior Accountant – Construction Contracting
- Department
- Finance & Accounts
- Position
- Junior Accountant
- Reports To
- Senior Accountant
- Location
- Head Office
- Industry
- Construction & Contracting
- Employment Type
- Full-Time
Job Purpose
The Junior Accountant will be responsible for managing and maintaining the company's accounting and financial records, with particular focus on construction project accounting, supplier and subcontractor accounts, client billing, receivables, payables, VAT compliance, payroll, cash/bank transactions, and financial reporting.
The position requires close coordination with the Project Manager, Quantity Surveyor, Procurement Team, Site Engineers, HR/Admin and Management to ensure accurate financial control over all construction projects.
- Key ResponsibilitiesA. General Accounting
Maintain complete and accurate books of accounts.
Record daily accounting transactions, including
Purchases
Sales/client invoices
Receipts
Payments
Journal entries
Cash and bank transactions
Expenses
Maintain proper supporting documents for all accounting transactions.
Perform monthly and year-end closing activities.
Prepare and maintain general ledger and subsidiary ledgers.
Ensure proper classification and allocation of expenses.
Reconcile accounting records with supporting documents.
B. Construction Project Accounting
Maintain project-wise income and expenditure accounts.
Monitor project costs against approved budgets and BOQs.
Allocate material, labour, equipment, subcontractor and overhead costs to respective projects.
Prepare project-wise cost statements.
Monitor actual project expenditure against budget/contract value.
Identify cost overruns, unusual expenses and variances and report them to management.
Coordinate with Quantity Surveyors and Project Managers regarding project costs and variations.
Maintain records of
Work orders
Purchase orders
Subcontract agreements
Material purchases
Subcontractor bills
Client bills
Retention
Advance payments
Performance/security deposits
Variations and claims.
C. Client Billing & Receivables
Verify and process client invoices based on approved measurements, BOQ, work completion certificates and payment terms.
Maintain client-wise and project-wise receivable statements.
Monitor outstanding invoices and payment due dates.
Prepare ageing reports for receivables.
Follow up with concerned departments regarding pending client certifications and payments.
Record client advances, deductions, retention and other adjustments.
Reconcile client accounts periodically.
D. Supplier & Subcontractor Accounts
Maintain supplier and subcontractor ledgers.
Verify invoices against
Purchase Orders
Delivery Notes
Material Receipt Notes
Work completion/measurement certificates
Approved rates
Contract terms.
Process supplier and subcontractor payments after proper approval.
Maintain subcontractor advance and recovery accounts.
Account for retention amounts and deductions.
Prepare supplier/subcontractor ageing reports.
Reconcile supplier and subcontractor statements.
E. Purchase & Material Accounting
Verify purchase invoices and supporting documents.
Ensure purchases are correctly recorded under the respective project/cost centre.
Monitor material advances and outstanding supplier balances.
Coordinate with procurement and stores departments for invoice verification.
Check purchase orders against invoices and delivery records.
Monitor material-related expenses and project consumption where required.
F. Bank & Cash Management
Maintain daily cash and bank records.
Prepare bank reconciliation statements.
Monitor bank balances and upcoming payments.
Prepare payment schedules.
Maintain petty cash and verify supporting vouchers.
Monitor company cheques and payment instruments.
Assist management in short-term cash-flow planning.
G. GST / Tax Compliance
Assist with GST/TDS compliance.
Verify GST invoices and input tax credit records.
Prepare data for GST returns.
Maintain TDS records and supporting schedules.
Coordinate with tax consultants.
H. Payroll & Employee Accounts
Assist in monthly payroll preparation.
Verify attendance, overtime, leave and salary-related information.
Process salary-related accounting entries.
Maintain employee advances and recoveries.
Account for employee expenses and reimbursements.
Coordinate with HR regarding salary deductions and final settlements.
I. Financial Reporting
Prepare regular financial reports for management, including
Profit & Loss Statement
Balance Sheet
Cash Flow Statement
Project-wise Profitability
Project Cost Report
Receivables Ageing
Payables Ageing
Supplier Outstanding Report
Subcontractor Outstanding Report
Cash & Bank Position
Budget vs Actual Report
Project Cost Variance Report
Monthly Management Accounts.
J. Audit & Compliance
Prepare schedules and supporting documents for internal and external audits.
Coordinate with auditors and provide required accounting records.
Maintain proper filing and documentation of financial transactions.
Ensure compliance with company accounting policies.
Assist in statutory and tax audits.
Identify accounting discrepancies and recommend corrective actions.
Internal Controls
The Accountant shall ensure
No payment is processed without proper approval and supporting documents.
Supplier invoices are checked before payment.
Duplicate invoices/payments are identified and prevented.
Project expenses are charged to the correct project/cost centre.
Advances are properly monitored and adjusted.
Retention and deductions are correctly accounted for.
Bank and cash balances are regularly reconciled.
Outstanding receivables and payables are continuously monitored.
Bachelor's degree in Commerce, Accounting, Finance or related field.
CA/ACCA/CPA/ICWA or equivalent qualification will be an advantage.
Minimum 1-2 years of accounting experience, preferably in construction/contracting.
Experience in project accounting is highly preferred.
UAE experience will be an advantage for Dubai-based positions.
Requi
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