Accountant

Innovo Group; Dubai; On-site; AED 180,000 - 300,000; Full time

Job summary

Innovo Group in Dubai seeks a Finance/Accounting professional to manage subcontractor payments and related certificates. You will control Oracle entries, bank guarantees, and ledgers, ensuring timely processing and accuracy.

The role requires a Bachelor in Finance with 5+ years in accounting or corporate finance, preferably in GCC contracting, and a strong sense of confidentiality and communication.

Qualifications

• Bachelor Degree in Finance or related field.
• 5+ years in accounting and/or corporate finance; GCC contracting experience preferred.
• Ability to work independently or under supervision.
• Strong confidentiality and discretion.
• Outstanding interpersonal, written, and communication skills.

Responsibilities

• Receive payment certificates from all sites (Dubai & Abu Dhabi).
• Check and enter payment certificates into Oracle system.
• Enter debit notes in Oracle if any.
• Monitor payments of subcontractors.
• Maintain advance given/recovered, guarantees received, penalties, retentions and security cheques summaries in Excel for records and action.
• Monitor banks' guarantees expiry dates and renewals.
• Release bank guarantees and security cheques on request of subcontractor.
• Assist and update payment status and resolve queries of subcontractors.
• Maintain bank details of subcontractors and assist IT to update in Oracle.
• Assist senior managers in monthly provisions for subcontractor and internal cost reports.
• Prepare assignment letters for subcontractors for bank use.

Skills

Interpersonal skills

Written communication

Confidentiality

Discretion

Stakeholder management

Education

Bachelor Degree in Finance

Tools

Oracle

Excel

Job description

Job Description:

Role Purpose

To manage subcontractor cost and payments

Key Accountabilities

• Receive payment certificates from all sites (Dubai & Abu Dhabi)
• Check and enter payment certificates into Oracle system.
• Enter debit notes in Oracle if any.
• Monitor payments of subcontractors.
• Maintain advance given/recovered, guarantees received, penalties, retentions and security cheques summary/ledgers in Excel format for records and action.
• Monitor all banks' guarantees' expiry dates and follow up with banks for renewal.
• Release bank guarantees and security cheques upon request of subcontractor.
• Assist and update payment status and solve queries of subcontractors if any.
• Maintain bank account details of subcontractors and assist IT team to update the same in Oracle.
• Assist all senior managers in their various monthly provisions for subcontractor and internal cost reports.
• Prepare assignment letters for subcontractors for bank use.

Qualifications, Experience, Knowledge & Skills

• Bachelor Degree in Finance or other related field.

• 5+ years relevant work experiencein accounting and/or corporate finance. Preference for those with experience in GCC contracting companies.

• Should have the ability to operate individually and under supervision
• Solid sense of confidentiality and discretion.
• Outstanding interpersonal, written, and communication skills.
• Flexibility in order to adapt to varying and changing demands.

Requirements: