üèó We're Hiring: Senior Revenue Accounting Specialist
üìç Location: United Arab Emirates (Remote)
üïí Employment Type: Full-Time
üíº Experience Level: Mid-Level to Senior
üåê Work Arrangement: Fully Remote
About UsWe are a construction-focused organization committed to delivering complex projects through disciplined contract management, financial transparency, commercial excellence, risk control, and collaborative project delivery. Our distributed teams work across Project Management, Construction, Engineering, Procurement, Commercial, Legal, Finance, Human Resources, Design, Quality, HSE, Consultants, Contractors, Suppliers, Logistics, Administration, Information Technology, and Executive Leadership to ensure accurate financial reporting, effective revenue management, contractual compliance, and sustainable business performance.
The RoleWe are seeking an experienced Senior Revenue Accounting Specialist to oversee revenue accounting activities, ensure accurate revenue recognition, maintain compliance with applicable accounting standards, and support financial reporting across construction projects and other business operations. The successful candidate will manage complex revenue transactions, assess contractual terms, monitor project performance, coordinate with Commercial and Project Management teams, and ensure that revenue is recognized accurately and in the appropriate accounting periods.
This role requires strong technical accounting knowledge, analytical capabilities, attention to detail, and the ability to interpret complex customer contracts, project milestones, billing arrangements, variations, claims, and revenue-related adjustments. The ideal candidate will also contribute to financial controls, audit readiness, process improvement, and the development of consistent revenue accounting practices across the organization.
Key Responsibilities
- * Oversee day-to-day revenue accounting activities to ensure accurate, complete, and timely financial records.
- Apply relevant accounting standards and organizational policies to revenue recognition and reporting.
- Evaluate customer contracts to determine appropriate revenue recognition methods and accounting treatment.
- Assess contractual performance obligations, transaction prices, and the timing of revenue recognition.
- Apply IFRS 15 and other applicable financial reporting requirements to relevant revenue transactions.
- Review contract terms, payment schedules, pricing structures, milestones, and billing arrangements.
- Determine whether revenue should be recognized over time or at a point in time based on applicable accounting requirements.
- Evaluate construction contracts to establish appropriate revenue recognition methodologies.
- Review project budgets, approved contract values, cost forecasts, and progress reports to support revenue calculations.
- Coordinate with Project Management and Commercial teams to obtain reliable information for revenue recognition.
- Monitor contract progress and assess the financial impact of changes in project scope, schedules, and deliverables.
- Review percentage-of-completion calculations and other measures of project progress where applicable.
- Validate project completion data, certified work progress, and supporting documentation before revenue is recorded.
- Reconcile project revenue schedules with the general ledger and supporting project accounting systems.
- Monitor revenue performance against budgets, forecasts, contractual milestones, and management expectations.
- Review monthly revenue accruals, adjustments, deferrals, and reclassifications.
- Ensure revenue transactions are recorded in the correct accounting period.
- Investigate revenue discrepancies, unusual fluctuations, and inconsistencies between operational and financial records.
- Prepare and review revenue-related journal entries in accordance with established accounting policies.
- Maintain accurate records of revenue transactions, supporting calculations, approvals, and accounting judgments.
- Monitor unbilled revenue, accrued revenue, deferred revenue, and contract liabilities.
- Review contract assets and contract liabilities to ensure appropriate classification and presentation.
- Reconcile contract assets, contract liabilities, customer advances, and other revenue-related balance sheet accounts.
- Monitor customer deposits, advance payments, retention amounts, and milestone-based payment arrangements.
- Review billing schedules and ensure invoices are aligned with contractual terms and approved project progress.
- Coordinate with Accounts Receivable and Billing teams to resolve discrepancies between recognized revenue and amounts invoiced.
- Analyze differences between revenue recognized, revenue billed, and cash collected.
- Monitor unbilled work and identify delays in certification, invoicing, or revenue documentation.
- Review customer invoices and supporting documents for consistency with approved contracts and revenue recognition policies.
- Assess the accounting treatment of contract variations, change orders, extensions, and additional scope requests.
- Evaluate approved and pending variations to determine their potential impact on transaction prices and recognized revenue.
- Coordinate with Commercial and Contract Management teams to assess claims, incentives, penalties, liquidated damages, and other variable consideration.
- Review the accounting implications of contract modifications, renegotiations, and extensions.
- Support the evaluation of disputed claims and uncertain contractual amounts in accordance with applicable accounting standards.
- Assess whether contractual changes require updates to revenue estimates, project forecasts, or accounting assumptions.
- Monitor customer rebates, discounts, credits, concessions, and other adjustments that may affect recognized revenue.
- Review revenue adjustments arising from cancellations, contract terminations, scope reductions, or project suspensions.
- Evaluate potential revenue reversals and ensure that corrections are properly supported and authorized.
- Collaborate with the General Ledger team to ensure revenue accounts are accurately reflected in the trial balance.
- Perform monthly reconciliations of revenue accounts, contract balances, and related general ledger accounts.
- Investigate and resolve unreconciled balances and long-outstanding revenue-related items.
- Support month-end, quarter-end, and year-end financial closing activities.
- Prepare revenue schedules, reconciliations, journal entries, and supporting documentation within established closing deadlines.
- Review revenue movements and provide explanations for significant variances against prior periods and forecasts.
- Prepare monthly revenue analysis for Finance leadership and relevant business stakeholders.
- Support the preparation of financial statements and disclosures relating to revenue, contract assets, and contract liabilities.
- Ensure revenue reporting is consistent with approved accounting policies and applicable reporting requirements.
- Provide detailed analysis of revenue trends, project profitability, customer performance, and contract execution.
- Prepare management reports covering recognized revenue, backlog conversion, billing status, contract balances, and revenue forecasts.
- Analyze revenue performance by project, contract, business unit, customer, and reporting period.
- Assist with revenue forecasting by reviewing project schedules, expected milestones, contract changes, and operational updates.
- Compare actual revenue with budgets and forecasts and investigate material variances.
- Identify revenue risks arising from project delays, incomplete documentation, disputed variations, or changes in contract scope.
- Work with Financial Planning and Analysis teams to align revenue accounting data with management reporting and forecasting.
- Support the preparation of revenue-related financial models, reconciliations, and analytical reports.
- Review project cost information where necessary to support revenue recognition estimates and contract profitability assessments.
- Coordinate with project cost controllers to validate cost-to-cost calculations and other relevant measures of project progress.
- Evaluate the impact of cost overruns, revised cost estimates, and project delays on revenue recognition where applicable.
- Assist in identifying potentially loss-making contracts and communicate relevant financial implications to management.
- Maintain comprehensive documentation of revenue recognition judgments, assumptions, estimates, and supporting evidence.
- Develop and maintain revenue accounting procedures, process documentation, and internal control requirements.
- Ensure appropriate segregation of duties across contract approval, billing, revenue recognition, and financial reporting processes.
- Verify that revenue-related transactions are supported by valid contracts, approved changes, project records, and appropriate authorization.
- Identify weaknesses in revenue accounting processes and recommend practical corrective actions.
- Monitor compliance with financial policies, delegated authorities, approval matrices, and record-retention requirements.
- Support the implementation and maintenance of internal controls designed to prevent revenue misstatement and unauthorized adjustments.
- Coordinate with Internal Audit and external auditors during revenue-related reviews and financial statement audits.
