Principal Project Accountant

 Bachelor s degree in Finance and Accounting required and relevant certification, such as Chartered Accountant, ACCA, CPA, etc.)

8-10 years of experience, ideally in oil and gas, EPCI, or construction industry

Strong technical, supervisory, team management, and communication skills

Ability to multi-task and manage tight reporting schedules

Ability to translate and understand contractual commercial requirements

Good commercial acumen

Qualified Professional Membership

Experience with large ERP systems (JDE is an advantage)

IFRS/USGAAP knowledge

Tax and audit experience is an advantage

Key Tasks and Responsibilities:

Training new joiners with applicable concepts and processes.

Supporting internal and external audits relating to project accounting.

Provide accurate and effective document preparation and records management related to the assigned activities, in accordance with records retention policies and procedures.

Any other duties as assigned by the management.

Upon project award, supervise the setting up of the MS and COA

Review with the relevant PMT members the break-up of the Bid, analyzing how the project execution has changed from the Bid stage to the current execution stage and bringing about those changes in the project cost break up continually during the execution

Review the cost estimates prepared by the cost controls team

Ensure that the estimates are reasonable and avoid excess/insufficient budget estimates

Supervise the continuous monitoring of committed cost and actual cost and the analysis of the Actual/ Committed cost

Ensure overruns are promptly reported to the management

Review the cash flow for the project and supervise the monitoring of the cash position continually

Inform the Project team as required of any shortfall in the cash position

Active participation in relevant project meetings

Establish hedges manage those hedges in place of foreign exchange-related cash flow to protect the project from currency fluctuations throughout the life of the project

In respect of EAC Revenue, review the Change orders booked in the project for their completeness

Review the accruals being set up on the project for milestones to accurately reporting of the cost incurred on a monthly Quarterly basis

Supervise and review all the monthly/yearly reporting deliverables

Monitor the PMT forecast and ensure the overruns and savings are reflected in the EAC

Monitor the Percentage of Completion recognition and analyze the variances from the

Forecast; Provide explanations for the variances as applicable

Supervise the incorporation of new standards into the project budgets

Coordinate with treasury to obtain necessary performance bonds parent Company Guarantees as per the project requirement

Ensure that the performance evaluation of the assistant project accountants is conducted on a timely basis

Ensure that changes to Delegation of Authority (DOA) reporting lines and communicated to the appropriate accountant as required

Ensure compliance with SOX and internal control requirements and coordination with internal external auditors

Understand contract requirements to ensure proper client invoicing and timely collections

Full time