Accountant - Snr

Are you an experienced, detail-oriented Accounting professional passionate about financial integrity, general ledger management, and corporate compliance? Do you have strong knowledge of UAE financial regulations/IFRS and experience managing full-cycle accounting within large-scale construction or industrial environments? Who are we? ALEC Holdings PJSC, part of the Investment Corporation of ICD (ICD), is a leading GCC construction group with over two decades of success delivering some of the region’s most complex and high-profile projects. As a proudly publicly listed company, ALEC continues to raise the bar for quality, innovation, and excellence in construction, driving iconic developments that shape skylines across the Middle East. In the UAE, ALEC has delivered many of the nation’s most iconic developments, operating as a fully integrated contractor through specialist business units that provide end-to-end construction solutions. ALEC provides strategic leadership, operational oversight, and shared services that support the performance and growth of all businesses within the Group. From governance, finance, and talent to innovation, digital systems, and sustainability, the Head Office acts as the central hub that enables each business unit to deliver with confidence, consistency, and excellence across the construction and engineering value chain. Why Join Us? As a Senior Accountant at ALEC, you will play a vital role in overseeing financial governance, month-end and year-end close processes, reporting, and statutory compliance across our major entities and projects. In this role, you will manage entity-level P&Ls and balance sheets, ensure strict compliance with IFRS, perform detailed account reconciliations, and establish strong balance sheet controls to deliver precise, timely financial insights to management. Combining technical accounting expertise with a practical understanding of business operations, particularly within contract-driven, inventory, and cost-heavy environments, your expertise will ensure sound internal controls, seamless collaboration between operational sites and Head Office Finance, and maximum financial integrity. At ALEC, we are about more than just building iconic structures; we are about building exceptional careers, and by joining our team, you will make a tangible impact by safeguarding our financial health, optimizing cash flow processes, and upholding the highest standards of financial management. About Your Team Our Finance & Accounting team plays a critical role in supporting a sustainable, compliant, and fiscally sound organization. Working closely with Commercial Management, Procurement, Site Operations, Internal Audit, and Corporate Finance, the team ensures financial clarity, precise forecasting, and regulatory compliance. We are committed to maintaining accurate books of accounts, adhering to applicable international financial reporting standards (IFRS) and corporate policies, and providing an efficient financial support framework for our business units. Through proactive analysis, meticulous attention to detail, and continuous process optimization, the team contributes to a robust and transparent business environment. Your Role Financial Accounting & Reporting • Manage the day-to-day financial accounting activities for multiple entities. • Take ownership of the monthly P&L and balance sheet for assigned entities. • Prepare and review monthly management accounts and financial reporting. • Ensure accurate and timely month-end, quarter-end and year-end closing. • Review financial results, investigate significant movements and identify unusual or non-recurring items. • Ensure transactions are appropriately accounted for in accordance with IFRS and company accounting policies. • Prepare supporting schedules and financial information for internal and external reporting requirements. Balance Sheet & Account Reconciliations • Take ownership of balance sheet reconciliations across multiple entities. • Review and clear reconciling items on a timely basis. • Investigate aged, unusual or unsupported balances and ensure appropriate corrective action. • Maintain robust supporting documentation for all significant balance sheet accounts. • Review intercompany balances and ensure timely reconciliation and resolution of differences. • Monitor provisions, accruals, prepayments, receivables, payables, fixed assets, inventory and other key balance sheet accounts. IFRS & Technical Accounting • Apply IFRS principles to day-to-day accounting transactions and financial reporting. • Assess accounting treatment for complex or unusual transactions and ensure appropriate recognition, measurement and disclosure. • Support the implementation of new accounting standards and changes in accounting policies. • Prepare technical accounting assessments and supporting documentation where required. • Liaise with auditors and provide appropriate schedules, reconciliations and supporting documentation. • Ensure audit queries are resolved accurately and within agreed deadlines. Contracts • Review and understand customer and supplier contracts and their financial/accounting implications. • Work with Commercial, Projects and Operations teams to understand contractual terms affecting revenue, costs, billing and cash flows. • Support the appropriate accounting treatment of contract-related transactions. • Understand key contractual mechanisms such as variations, retentions, advance payments, claims, milestones, certifications and payment terms. • Assist with revenue recognition assessments and contract accounting, particularly within construction or project-based environments. Inventory & Cost Accounting • Review and monitor inventory accounting and valuation where applicable. • Ensure appropriate accounting for raw materials, work-in-progress and finished goods. • Review inventory provisions, slow-moving and obsolete inventory. • Reconcile inventory sub-ledgers to the general ledger and investigate discrepancies. • Support cost accounting activities and analysis where required. • Understanding of manufacturing cost structures, product costing and cost allocation will be advantageous. • Work closely with operational teams to improve financial controls over inventory and costs. Management & Business Support • Provide financial analysis and accounting insight to management. • Analyse P&L performance and explain significant variances against budget, forecast and prior periods. • Support budgeting and forecasting processes. • Work closely with Finance Managers and operational stakeholders. • Provide ad-hoc financial and accounting analysis to support business decisions. • Identify opportunities to improve financial controls, processes and reporting. Internal Controls & Process Improvement • Ensure appropriate financial controls are maintained across assigned entities. • Identify weaknesses in account

Financial Accounting & Reporting: Manage day-to-day financial accounting activities for multiple entities; take ownership of monthly P&L and balance sheet for assigned entities; prepare and review monthly management accounts and financial reporting; ensure accurate and timely month-end, quarter-end and year-end closing; review financial results, investigate significant movements and unusual or non-recurring items; ensure IFRS and company policies are followed; prepare supporting schedules and information for internal and external reporting.\nBalance Sheet & Account Reconciliations: Own balance sheet reconciliations across multiple entities; review and clear reconciling items; investigate aged or unusual balances; maintain robust documentation; review intercompany balances and ensure timely reconciliation; monitor provisions, accruals, prepayments, receivables, payables, fixed assets, inventory and other balance sheet accounts.\nIFRS & Technical Accounting: Apply IFRS to daily accounting and reporting; assess treatment of complex transactions; support new accounting standards and policy changes; prepare technical accounting assessments; liaise with auditors and provide schedules and reconciliations; resolve audit queries within deadlines.\nContracts: Review contracts and their financial implications; collaborate with Commercial, Projects and Operations to understand terms affecting revenue, costs, billing and cash flows; support appropriate accounting treatment; understand variations, retentions, advance payments, claims, milestones, certifications and payment terms; assist with revenue recognition and contract accounting in construction/project environments.\nInventory & Cost Accounting: Review and monitor inventory accounting and valuation; account for raw materials, WIP and finished goods; review provisions and obsolete inventory; reconcile sub-ledgers to GL; support cost accounting activities; understand manufacturing cost structures and cost allocation; work with operational teams to improve financial controls over inventory and costs.\nManagement & Business Support: Provide financial analysis and accounting insight; analyse P&L performance and explain variances; support budgeting and forecasting; collaborate with Finance Managers and stakeholders; provide ad-hoc financial analysis and identify opportunities to improve controls, processes and reporting.\nInternal Controls & Process Improvement: Ensure robust financial controls across entities; identify weaknesses and implement improvements.