Senior Accountant

The Senior Accountant will manage project and service revenue recognition VAT/WHT compliance inventory costing sales commissions and accounts payable. The role requires strong IFRS 15 experience within IT or project-based environments along with solid ERP and month-end closing skills. The accountant will work closely with cross-functional teams to ensure accurate financial reporting and timely reconciliation of all project-related transactions.

Job Responsibilities

Project and Service Revenue & Cost Recognition:

• Recognize project and Service revenue and costs in line with company policies and accounting standards.
• Prepare and post journal entries for revenue and cost recognition.
• Close inventory modules at the end of each month.
• Collect and verify timesheets.
• Record labor costs in the ERP based on approved timesheets.
• Ensure accurate costing and valuation of inventory for financial reporting.
• Reconcile project-related transactions to the respective general ledger accounts.
• Manage the movement of unbilled receivables and unearned revenue to appropriate accounts.
• Reconcile project clearing accounts for misc. expenses and ensure all adjustments are reflected in the financials.

VAT & WHT:

• Calculate and process VAT and WHT for transactions ensure accurate calculation maintain records and file returns timely. Stay updated on regulations and adjust processes as needed.
• Ensure compliance with tax laws maintain documentation and handle inquiries from tax authorities with the support of Group tax head.

Sales Commissions:

• Calculate sales commission accruals based on sales data.
• Post commission accruals at the period-end and reconcile them to actuals.
• Calculate and process the sales commission as per the company policy.

Accounts Payable:

• Validate invoice details against purchase orders and goods receipts (3 way matching).
• Process vendor invoices into the accounts payable module on time.
• Prepare the vendor payments.
• Review vendor aging reports including supplier reconciliations and ensure timely payments.

Amortization & Provisioning:

• Post monthly amortization entries for spare parts.
• Monitor and adjust provisions for slow-moving inventory based on inventory aging.
• Compute and record provisions for bad debts working closely with the AR team to assess risk.

Qualifications :

Education

• Bachelors degree in Accounting Finance Business Administration or a related field.
• Professional qualifications such as CAACCA CPA CMA (full or partial completion) are preferred.
• Additional training or coursework in project accounting IT industry finance IFRS 15 (Revenue from Contracts with Customers) or ERP systems is an advantage.

Experience

• 57 years of accounting or finance experience preferably within an IT System Integrator IT Services Technology Solutions or Project-based environment.
• Experience with project-based revenue recognition especially under IFRS 15 including milestone-based billing unbilled receivables and deferred revenue.
• Strong exposure to service revenue maintenance contracts AMC billing and time-and-material projects.
• Experience in managing inventory of IT hardware spare parts and consumables including costing amortization and provisions for slow-moving or obsolete items.
• Hands-on experience with accounts payable especially vendor management for IT equipment distributors and global technology partners.
• Experience with VAT/WHT regulations applicable to IT hardware supply services and cross-border vendor transactions.
• Familiarity with ERP systems commonly used in IT integration businesses (e.g. Microsoft Dynamics 365 SAP Oracle NetSuite) including project and service modules.
• Demonstrated experience in month-end closing journal entries reconciliations and financial reporting.

Additional Information :

Skills & Abilities

Technical Skills

• Strong understanding of project accounting for IT system integration projects (hardware software services AMC managed services).
• Solid knowledge of IFRS especially IFRS 15 (revenue recognition) and IAS 2 (inventory).
• Proficiency in ERP systems including modules for projects services inventory and accounts payable.
• Advanced Excel skills (pivot tables VLOOKUP/XLOOKUP formulas data analysis).
• Ability to accurately compute and reconcile VAT WHT sales commissions amortizations and provisions.
• Strong understanding of 3-way matching (PO GRN invoice) for IT equipment procurement.
• Familiarity with vendor rebates credit notes warranty claims and other financial elements common to IT distributors and resellers.

Industry-Specific Abilities

• Ability to work with project managers service delivery teams and sales teams to validate revenue timesheets project costs and billing milestones.
• Understanding of service delivery cycles SLA-based contracts and labor cost allocation to IT projects.
• Knowledge of inventory movements related to staging implementation returns and RMA processes.

Soft Skills & Competencies

• Strong analytical problem-solving and reconciliation abilities.
• Excellent communication skills for working with cross-functional teams (Projects Procurement Sales Service Tax).
• High attention to detail and accuracy especially in a fast-paced project environment.
• Ability to manage workload effectively and meet strict month-end and year-end deadlines.
• Strong organizational skills with the ability to prioritize multiple tasks.
• High level of integrity and commitment to compliance and financial controls.

Compliance with policies and procedures based on the ISO standards adopted by CNS.

Remote Work :

No

Employment Type :

Full-time