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