Project Accountant

Job Title: Project Accountant

Location: Oman

Experience Required: Minimum 5 Years

Role Overview:

A Project Accountant is responsible for managing financial activities related to specific projects, ensuring accurate budgeting, cost control, financial reporting, and compliance with company policies and accounting standards. The role plays a key part in monitoring project profitability and supporting project teams with financial insights.

Key Responsibilities:

• Prepare and manage project budgets, forecasts, and financial plans
  
• Monitor project costs, expenses, and revenue against budgets
  
• Track project financial performance and profitability
  
• Prepare periodic financial reports (weekly/monthly) for management
  
• Ensure accurate recording of project-related transactions
  
• Handle invoicing, billing, and revenue recognition for projects
  
• Coordinate with project managers to track financial progress
  
• Identify cost variances and recommend corrective actions
  
• Maintain project accounts, ledgers, and documentation
  
• Ensure compliance with accounting standards and company policies
  
• Assist in audits by providing required financial data and reports
  
• Manage cash flow and payment schedules related to projects
  
• Monitor contract terms related to financial aspects
  

Essential Qualifications:

• Bachelor’s Degree in Accounting, Finance, or Commerce
  
• Professional certification such as CA / CMA / ACCA (preferred)
  
• Minimum 5 years of experience in project accounting or similar role
  
• Experience in construction, engineering, or project-based industries is preferred
  

Skills Required:

• Strong knowledge of accounting principles and financial reporting
  
• Experience in project budgeting and cost control
  
• Proficiency in accounting software (ERP, SAP, Oracle, Tally, etc.)
  
• Advanced knowledge of MS Excel
  
• Analytical and problem-solving skills
  
• Attention to detail and accuracy
  
• Good communication and coordination skills
  
• Ability to handle multiple projects simultaneously
  
• Understanding of contract accounting and revenue recognition