Subcontractor Payments Accountant (GCC)

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

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.