Principal Accountant

2 weeks ago


Hofuf, Saudi Arabia McDermott Full time

**Job Overview**:
The Principal Accountant is responsible for interpreting internal or external business issues and recommending best practices. They will be tasked with solving complex accounting-related problems and will work independently with mínimal guidance. The Principal Accountant may be responsible for leading functional teams or projects and is regarded as a specialist in the field of accounting. As such, they must have in-depth expertise in accounting as well as broad knowledge of the accounting discipline within the finance function.

**Key Tasks and Responsibilities**:

- Monitor and lead the month-end close process, including communication with stakeholders, preparing status and dashboards, and reporting to the Record to report Group Purchasing Organization (GPO)
- Establish and monitor month-end accounting checklists
- Lead analysis and establish a process for continuous monitoring
- Lead the team to document existing processes and Standard Operating Procedures in Accounts
- Maintain the balance sheet reconciliation policy, risk ranking, and quality; educate team members
- Establish and monitor KPIs for the Accounting function
- Maintain evidence of controls performed and assist in the SOX testing and quarterly and year-end audit process by both internal and external auditors
- Coordinate internal and external training of the accounting team on relevant topics

**Essential Qualifications and Education**:

- Bachelor’s Degree
- Minimum 4 years of experience working in an accounting related role
- Intermediate to advanced excel skills preferred
- Good communication skills
- Enjoy working in a changing and flexible environment
- Good problem-solving skills

**Company Overview and Core Values**:
McDermott is a premier, fully-integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions—from the wellhead to the storage tank—to transport and transform oil and gas into the products the world needs today.

At McDermott, we hold all employees accountable to follow our 5 core values.
- Integrity - we maintain a firm adherence to legal and ethical conduct.
- One Team - we are one company, where everyone is equally important.
- Go Beyond - we seek courageous and creative solutions.
- Well-Being - we promote all forms of well-being.
- Commitment - we are reliable and dependable in delivering quality solutions.


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