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Project Accountant
4 weeks ago
We have a requirement for a US based pipeline / coating / inspection company for a Senior Project Accountant with a strong background in financial management, project accounting, and ERP systems.
The ideal candidate will have expertise in project accounting, budgeting, forecasting, financial analysis, and compliance to ensure the successful financial management of capital projects.
Key Responsibilities- Verify new project setup in ERP systems (Oracle/Oracle Fusion/SAP) converted by the Projects Department.
- Manage project accounting within Oracle Fusion.
- Review new job worksheets, understand project structures and contractual requirements.
- Oversee project financials and budgets in coordination with project managers.
- Handle project invoicing and receipts to maintain financial accuracy.
- Monitor project expenses, cash flow, and financial performance tracking.
- Ensure compliance with accounting standards and regulations.
- Conduct cost analysis and recommend cost saving measures.
- Monitor construction project contracts and change orders.
- Implement required financial controls to optimize project accounting.
- Forecast financial outcomes for projects.
- Assist in financial audits related to projects.
- Perform month-end closing process for the Project Module in ERP.
- Arrange monthly team meetings to review project performance with the finance and projects team.
- Provide adequate controls and safeguards over capital/fixed asset accounting.
- Identify areas for improvement and recommend cost saving opportunities.
- Work with management to assess accounting implications of projects.
- Utilize software tools to compile and present reports, graphs, and charts.
- Perform other related duties as assigned.
- Bachelor's degree in Accounting or Finance. Master's degree in Business Administration is preferred.
- Minimum 10+ years of experience in a fast-paced project accounting environment.
- Expertise in project financial management.
- Strong ERP exposure with Oracle Fusion.
- Must be able to verify the projects created by the projects team.
- Knowledge of Oracle Fusion MRP (Finance, Manufacturing, and Purchasing Modules) is an advantage.
- Experience in budgeting, actual, and forecasting.
- Strong cost analysis and financial modeling skills (e.g., IRR, NPV calculations).
- Experience in financial audits, Sarbanes Oxley compliance, and financial reporting.
- Strong knowledge of accounting rules and principles.
- Excellent analytical, logical thinking, and problem solving skills.
- Proficient in Microsoft Office Suite.
- Strong project management and leadership skills.
- Excellent verbal and written communication skills.
- Availability to travel up to 25% between the US and the Middle East for business purposes.
- Must hold a transferable iqama if you live in Saudi.
Job Location: Saudi Arabia, Al Khobar
Type of Employment: Permanent / Full time
Salary: SAR 10,000 to 12,000/ Month
What you can expect from the employer?- Competitive salary
- Comprehensive benefits package, including health insurance and other perks.
- Opportunities for professional development and career growth.
- A collaborative and supportive work environment.
