Project Accountant, McDermott, Dubai, UAE

This job is OPEN to APPLY for ALL Nationalities, unless otherwise specified.

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About Us
Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.

For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
Job Description

Job Overview:

The Project Accountant applies their conceptual knowledge of project accounting and, with a moderate level of guidance and direction from colleagues and leadership, is responsible for solving a range of straightforward project accounting problems. They will be responsible for analyzing possible solutions using standard procedures and building knowledge of the company, processes, and customers. The Project Accountant understands key business drivers and applies this knowledge to solve problems in straightforward situations by analyzing possible solutions using technical experience, judgment, and precedents.
Responsibilities

Key Tasks and Responsibilities:

    Maintain internal financial control over the project
    Ensure that invoices are rendered to clients on a timely basis according to contract terms and that project costs are correctly processed and recorded
    Responsible for client audit interface
    Working with project procurement and subcontracts functions to report commitments amounts
    Prepare monthly and quarterly financial reports, including project cash flow, and review them with the project management team
    Directly work with the project manager and project cost controls to prepare project cost reporting and review project profit estimates  
    Review the commercial sections of major purchase orders and subcontracts for compliance with JRM policy
    Ensure that all activities involving foreign currency are hedged according to JRM policy
    Align and Coordinate with other departments on project-related financial matters and maintain this interface throughout the life of the project
    Review and analysis of costs charged to the project
    Identify and Assesses project related business risks and recommend mitigation plans
    Manage accounts payables processing for the project

Qualifications

Essential Qualifications and Education:

    5+ years of experience, ideally in oil and gas, EPCI, or construction industry
    Bachelor’s degree in Finance and Accounting required and relevant certification, such as Chartered Accountant, ACCA, CPA, etc.)
    Proficiency in MS Excel and ERP environment
    Previous accounting staff supervisory experience

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