Senior Project Controller

1 week ago

Hofuf, Saudi Arabia HITACHI ENERGY LTD Full time

**Description**

You as a Senior Project Controller will be part of Hitachi Energy business based in Dammam, Saudi Arabia. You will be acting as business partner to the Project Manager, responsible for all financial and commercial matters and actively driving the project’s performance. Can be assigned to multiple medium-sized project or to a single large project.

**Your responsibilities**
- Tendering stage reviews and taking joint responsibility with Tender Manager on financial, commercial and tax aspects. Ensuring that tender calculation is done correctly, preparing cash-flow and exposure curve. Participating or providing input to negotiations on contractual terms and conditions (clients, consortia, subcontractors, suppliers). Participating and providing input in local risk review process.
- Preparing a Project Financial Execution Plan (as part of an overall Project Execution Plan covering all financial, commercial and tax aspects such as revenue recognition methods, billing plan, payment securities, consortium administration, import duties and VAT, permanent establishment, etc.). Is responsible for the correctness of project balance sheet and income statement as well as for cash flow and monthly or quarterly forecast.
- Participating in opportunity or risk identification, ensuring that all required mitigation actions are timely implemented. Driving, coordinating, and preparing monthly project reviews jointly with the Project Manager. Reviewing and joint responsibility with the Project Manager for all financial aspects of the project including estimate at completion and related cost-to-complete, forecasted Revenues and Cash Flow, Risks and Opportunities assessment and ensuring alignment with other functions including Project Controls, planning or scheduling”.
- Promoting commercial awareness in the project team and providing commercial input to the project execution plan (such as T&Cs in supply management, claims, back-to-back conditions). Driving claim management, back-charges and insurance cases and monitoring the proper follow up together with the Contract Manager or Project Manager upstream (towards customer), side-stream (towards consortia partner) as well as downstream (towards suppliers).
- Following up on internal project audit reports and ensuring timely implementation of all required actions related to projects under responsibility. Is responsible for adherence to: corporate governance, integrity, assurance, internal control, group charter, business specific finance directives and instructions.
- Organization Drives setup and closure of permanent establishment and branch offices where required for the project. Is responsible jointly with the Tax function for timely filing of financial/tax reports of project branches.
- Supervising on a project basis project Controllers - depending on the size and complexity of the project.
- Living Hitachi Energy’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.

**Your background**
- A bachelor’s degree in finance. Professional qualification like, ACCA, CA, CPA will be preferred.
- 5 to 8 years of proven experience in Project Controlling especially in MNC SAP or ERP knowledge.
- Proficiency in both spoken & written English and Arabic language is required.

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