Project Accountant

Job Title: Project Accountant

Location: Oman

Experience

Required:

Minimum 5 Years

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.

• 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

• 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

• 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