Accounting Specialist

Job Description

We are looking for a Projects & Fixed Asset Senior Accountant to manage project accounting, CAPEX and fixed asset accounting for our client in the UAE.

This role requires strong hands-on experience in project and fixed asset accounting, CAPEX management, WIP tracking, capitalization, depreciation, reconciliations and financial reporting, with a strong understanding of IFRS and financial governance requirements.

This role will start on a 6-month contract basis that is highly renewable depending on performance. It will report to the Transactional Accounting Head in the Finance – Accounting & Tax department.

Key Responsibilities:

• Manage project accounting and CAPEX, including recording, classifying, monitoring and reconciling project-related expenditures against approved budgets.
• Validate project costs, advances and commitments in line with accounting policies and IFRS requirements.
• Monitor actual versus budgeted CAPEX and prepare variance analysis for Finance and Project Management teams.
• Track Work-in-Progress (WIP), project closures and completion documentation to support timely and accurate capitalization.
• Apply IFRS requirements for project cost capitalization, borrowing costs and asset recognition.
• Process capitalization of completed projects and transfer balances from WIP to fixed assets.
• Maintain and update the Fixed Asset Register (FAR), including asset additions, disposals, transfers and impairments.
• Manage the accounting treatment of asset disposals, retirements, write-offs and replacements.
• Support physical asset verification and tagging and reconcile results against the Fixed Asset Register.
• Perform regular reconciliations between the FAR, General Ledger and CAPEX reports.
• Prepare fixed asset, project and CAPEX schedules for monthly, quarterly and annual financial reporting.
• Support internal and external audits by providing reconciliations, schedules and supporting documentation.
• Work with Financial Control and Tax teams to ensure consistent accounting treatment and accurate financial reporting.
• Maintain appropriate controls over project accounting, capitalization and asset management, including adherence to Delegation of Authority requirements.
• Identify control gaps, process risks and non-compliance issues and recommend improvements.
• Support ERP enhancements, automation and process improvement initiatives relating to project and fixed asset accounting.
• Work closely with Procurement, Treasury, Operations, Project Management, Financial Control and Compliance teams to ensure accurate CAPEX reporting and timely project closure.

Knowledge, skills & experience:

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration or a related field.
• Professional qualification such as ACCA, CPA, CMA or equivalent is preferred.
• Minimum 7 years of progressive experience in project accounting, fixed asset accounting and financial reporting.
• Strong hands-on experience in end-to-end project and fixed asset accounting, including capitalization, depreciation, impairment and disposal.
• Strong experience in CAPEX accounting, WIP tracking, project closure and asset transfers.
• Strong knowledge of IFRS, particularly IAS 16, IAS 23 and IAS 36.
• Experience maintaining and reconciling Fixed Asset Registers and General Ledgers.
• Hands-on experience with ERP/financial systems such as SAP or Oracle.
• Experience working across multiple entities or subsidiaries is preferred.
• Strong experience working with Procurement, Operations, Project Management and Financial Control teams.
• Good understanding of financial controls, audit requirements and governance frameworks.
• Strong analytical and reconciliation skills, with attention to accuracy and detail.
• Experience supporting ERP enhancements, automation or accounting process improvement initiatives.

Availability: Preference will be given to candidates available immediately or a maximum 30 days after accepting the offer.

We are looking for a candidate who will be able to work in United Arab Emirates. Please apply with your resume and remember to provide us with your contact details.

We will review your job application within 7 working days. Should your profile fit the requirements of the role a consultant from Edari will be in touch with you to get a deeper understanding of your profile, to discuss the role in more detail and potential next steps.