HomeUAEDubaiProject Accountant

Project Accountant

Company Name:McDermott Middle East, Inc.Company Industry:Oil & Gas / Petroleum
Employment Type:   Full TimeLocation:Dubai
Experience: 5 – 10 years
Degree: Any Graduation, Bachelor of Business Administration(Management).
Nationality: Any
Job Description:
Key Responsibilities/Accountabilities:
•Maintains internal financial control over the project. Ensures that invoices are rendered to clients on a timely basis according to contract terms and that the project costs are properly processed and recorded. Responsible for client audit interface.
•Working with project procurement and subcontracts functions to report commitments amounts.
•Prepare monthly and quarterly financial reports, including project cash flow, and review with project management team.
•Directly working with project manager and project cost controls to prepare project cost reporting and review project profit estimates.
•Directly working with project manager, project procurement and subcontracts coordinator to prepare, analyze and maintain healthy project cash-flows.
•Reviews the commercial sections of major purchase orders and subcontracts for compliance with JRM policy.
•Ensures that all activities involving foreign currency are hedged according to JRM policy.
•Aligns and Coordinates with other departments on project related financial matters and maintain this interface throughout the life of the project.
•Review and analysis of costs charged to project.
•Identifies and Assesses project related business risks and recommends mitigation plans.
•Managing accounts payables processing for the project.
•Providing inputs to any ad-hoc reporting as required by local and corporate management.
Basic Qualifications:
•With Accountancy Degree – CA / CPA / CIMA / ACCA or equivalent
•At least 5-10 years experience working as a project accountant or project business manager on a large engineering and construction projects.
•Experience related to SOX and its implementation will be preferred.
•Experience in reading and interpreting engineering and construction and contract terms.
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