Role Overview – Maxpower Electromechanical Contracting LLC is hiring a Senior Accountant for a full-time, on-site role based in Dubai, UAE. This position is ideal for experienced accounting professionals with strong technical accounting skills, project accounting expertise, and the ability to manage financial operations, project costing, financial reporting, and compliance within an electromechanical contracting and construction environment.

General Ledger and Financial Transactions – You will manage the general ledger by recording and posting financial transactions, maintaining the chart of accounts, preparing journal entries, reconciling accounts, and ensuring all financial data is accurate, complete, and compliant with IFRS and UAE accounting standards.

Accounts Payable and Receivable Management – You will manage accounts payable and receivables by processing supplier invoices for materials, equipment, and subcontractor services, verifying payment accuracy, tracking customer payments and project billing, managing retention accounting, following up on outstanding receivables, coordinating with project managers on payment certificates, and ensuring timely settlement of all financial obligations.

Project Accounting and Job Costing – You will manage project accounting and job costing by tracking project expenses, allocating costs to specific electromechanical projects, monitoring project budgets, analyzing project profitability, calculating work-in-progress (WIP), managing percentage of completion accounting, and ensuring accurate cost accounting for MEP installations, electrical works, and mechanical systems.

Bank Reconciliation and Cash Management – You will perform regular bank reconciliations by matching bank statements with company records, investigating discrepancies, resolving variances, monitoring cash flow, and ensuring accurate tracking of all banking transactions across company accounts.

Financial Reporting and Analysis – You will prepare financial reports including monthly, quarterly, and annual statements by consolidating financial data, analyzing variances, identifying trends, and providing insights on financial performance to support management decision-making.

Month-End and Year-End Close – You will manage month-end and year-end closing processes by ensuring all transactions are recorded, preparing accruals and adjustments, reconciling balance sheet accounts, closing accounting periods, and meeting reporting deadlines in accordance with company financial calendars.

VAT and Tax Compliance – You will handle UAE VAT and tax compliance by maintaining VAT records, preparing VAT returns, ensuring invoices comply with Federal Tax Authority (FTA) regulations, coordinating with tax consultants, and supporting the company during tax audits or government inspections.

Revenue Recognition and Project Billing – You will manage revenue recognition and project billing by coordinating with project teams on progress billing, processing interim payment applications (IPCs), applying percentage of completion method, recognizing revenue based on project milestones, managing retention releases, and ensuring compliance with revenue recognition standards.

Budgeting and Cost Control Support – You will support budgeting and cost control initiatives by monitoring project and departmental expenses, comparing actual performance against budgets, analyzing cost variances, and providing financial insights to support cost management and financial planning.

Retention Accounting and Management – You will manage retention accounting by tracking retention receivables and payables, calculating retention percentages, coordinating retention releases upon project completion or defect liability period expiration, and ensuring accurate retention accounting throughout project lifecycles.

Subcontractor and Supplier Payment Management – You will manage subcontractor and supplier payments by processing subcontractor invoices, verifying work completion against payment applications, coordinating payment schedules, managing payment terms, and maintaining positive relationships with trade partners and suppliers.

Fixed Assets and Depreciation Management – You will manage fixed assets and depreciation by maintaining fixed asset registers for equipment and machinery, calculating depreciation, recording asset acquisitions and disposals, and ensuring accurate fixed asset accounting in line with company policies and accounting standards.

Audit Coordination and Compliance – You will coordinate with external auditors by preparing required documentation, responding to audit queries, facilitating audit processes, implementing audit recommendations, and ensuring compliance with financial regulations and internal controls.

How to Apply:

Send your updated CV to info@maxpwrdubai.com. Please highlight your senior accountant experience, any UAE or VAT compliance knowledge, your proficiency with ERP or accounting software, and any contracting, construction, or electromechanical sector experience, particularly with project accounting and job costing. Forward to anyone in your network who may be a strong fit.

About the Company:

Maxpower Electromechanical Contracting LLC is an electromechanical contracting company based in Dubai, UAE, committed to delivering quality MEP projects and maintaining financial integrity across operations. The company is seeking a dedicated Senior Accountant who brings strong technical accounting skills, project accounting expertise, and a commitment to supporting accurate financial reporting, compliance, and sound financial management within a dynamic electromechanical contracting and construction environment.