Project Accountant

2 weeks ago

Hofuf, Saudi Arabia McDermott Full time

K

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**y Tasks and Responsibilities: Mo**
- nitor Project Cost & Revenues and prepare Monthly Project Financial POC. Pr
- epare and Maintains Project Cash Flows forecast and analyze variances for actuals vs. forecast En
- sures booking of revenue into MDR backlog conforms to MDR policies and procedures. Mo
- nitor billable and non-billable cost. Ensures proper and timely billings. Pr
- eparation of necessary Project Reports either on weekly or monthly or quarterly basis as deemed appropriate or required. Co
- ordinate with the Tax Dept for the tax related issues. Co
- ordinate with Project controls for WBS and issuance of Chart of Accounts. Li
- aison on all financial matters related to the Projects. To
- assist Project Controls in preparing the monthly and quarterly review packages or any other Project Reports as and when required. To
- keep track of changes in budgets, change orders, trends, commitments etc. De
- velop the Project Invoicing Procedure for the prime contract. Review all customer invoices for the project. Mo
- nitor the status of all financial instruments including all relevant information necessary for issue, maintenance and cancellation. Co
- ordinate insurance coverage so that they are in place in accordance with the prime contract. Pa
- rticipate in the preparation of Project Risk & Opportunities. As
- sist in the preparation of all financial correspondence for the Project Director and/or Project Manager. Pr
- epare the financial part of the Project Close-out Report. Pr
- ovide timely true and fair view of project financials. Pr
- ovide financial and administrative support. Pr
- ovide support to the auditors to carry out Project Audit. As

s

**sential Qualifications and Education: Qu**
- alified CA / ACCA, preferably having experience from oil and gas / infrastructure industries / Big four audit firms. Ex
- perience of 4-5 years post qualification Go
- od in communication and presentation skills Go
- getter / Self-starter Co

**mpany Overview and Core Values: Mc**

Dermott 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. In
- tegrity - we maintain a firm adherence to legal and ethical conduct On
- e Team - we are one company, where everyone is equally important Go
- Beyond - we seek courageous and creative solutions We
- ll-Being - we promote all forms of well-being Co
- mmitment - we are reliable and dependable in delivering quality solutions #L

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