Senior Project Accountant - Bin Houfan Commercial Agencies - Abu Dhabi

Job Description

PURPOSE OF THE JOB Provides accounting support to the assigned project(s) on a day to day basis including verification, processing and control of commitment, expenditure & payments to Contractors/Suppliers in accordance with the concerned Agreements and Company¡¦s Policies & Procedures. Reviews financial terms and conditions of proposed Contracts by monitoring compliance with accounting and financial policies established by Company. Assists in establishing major & minor projects accounting procedures in conformity with Company¡¦s financial and accounting policies and assumes responsibility for implementing the company¡¦s accounts payable policies ensuring adherence to the Delegation of Authority and that all financial records including original agreements are maintained AREA OF WORK RESPONSIBILITIES RESULTS REQUIRED 1. Major / Minor Projects Contractors / Suppliers Verifies invoices of Contractors/Suppliers in accordance with the Contracts, Purchase Orders and Work Service Orders related to major & minor projects as well as ensuring that all invoices are properly coded. Prepares the final account of project related contractors / consultants and recovers back charges, advance, retentions and applicable liquidated damages. Effectively controls the financial activities of each and specific phases of assigned major & minor projects until final acceptance. Performs financial and accounting functions of the assigned Major and minor Capital Projects. Exercises financial control over project budgets, commitments, expenditures and payments of assigned major & minor capital Projects. Ensures timely receipt, extension and release of bank guarantees, insurance coverage pertaining to designated projects in coordination with Treasury Department. Prepares monthly / yearly accruals, reconciles advances and retentions. To ensure that commitments are within approved budgets and payments are within the approved commitments in accordance with Agreements and Company approved Policies and Procedures. To ensure payments of due invoices in accordance with the terms/conditions of applicable Agreements (including quantity, quality, duration, delivery, pricing, etc) and the Company¡¦s Policies & Procedures. Properly maintains the Project Accounts records of assigned major and minor Projects. 2. Resolution of financial issues Resolves day-to-day issues on financial aspects with major & minor Projects Contractors/Suppliers in coordination with concerned Divisions. Reviews financial clauses/aspects of Agreements including variations, claims, etc. To ensure that Company¡¦s financial interests are adequately protected. To assist in expeditious resolution of financial issues. 3. Reporting Prepares monthly cash forecast covering major & minor Projects Contractors/Suppliers and submits for consolidation. Prepares monthly reconciliation with Contractors/Suppliers accounts and interfaces with general ledgers. To provide the major and minor Projects cash forecasts and cash call requirements. To facilitate Management decision-making and follow-up. AREA OF WORK RESPONSIBILITIES RESULTS REQUIRED 4. Systems & Procedures Follows procedures, systems and methods for proper financial control over assigned major & minor projects including invoicing and payment procedures and comply with the monthly requirements of accruals provisions, cash flow forecasts. Maintains and controls the Accounts Payable System for Major & Minor Projects. Recommends modifications with a view to improving Contractors/Suppliers Accounting, Reporting, Accounts Payable System, Policies & Procedures for major & minor Projects. Ensure compliance with the Delegation of Authority and Company¡¦s Policies & Procedures. To provide assistance in enhancing effectiveness in handling financial activities of assigned major & minor Projects. 5. Financial records and Agreements Maintains all accounting and financial records relating to assigned Major & Minor Projects. Maintains custody of all original Agreements (Contracts, Purchase Orders, Work Service Orders, etc.) with all assigned Major & Minor Projects Contractors/Suppliers. To serve as the custodian of financial records/ Agreements for assigned major & minor Projects. SUPERVISION, PLANNING AND ORGANISING „X Verification of invoices, timely and valid payments, cash flows, accruals etc related to assigned major & minor Projects. „X Organizes and maintains financial records and custody of all original Agreements relating to assigned major & minor Projects. „X Ensures timely payments to all Contractors / Suppliers, relating to assigned Major & minor Projects. WORKING CONTACTS Internally:- Has regular contact with TAKREER Divisions up to section head level in relation to invoices verification and financial aspects of commitments / Agreements. Has regular contacts with Finance Division staff up to similar level on matters related to budgets, funds, bank guarantees, payment instruments, insurance requirements and systems & procedures. Externally:- Has a regular contact with Contractors / Suppliers relating to invoices, payments and contractual matters. Has a frequent contact with ADNOC Group Companies on common areas of interest. Has occasional contact with External / Internal Auditors in the review of Contractors / Suppliers costs, records and other information as required.

Profile
1. Bachelor Degree in Accounting / Finance ¡V professional certification such as CA/CPA is preferable. 2. 8 Years work experience in Accounting / Finance of which at least 4 years should be in Oil / Gas Petrochemical sector or similar major industries. 3. In-depth job capabilities / experience required in following areas: „Ï Project Accounting „Ï Cost Analysis and Budgeting „Ï Familiarity with Contract Terms & Conditions „Ï Resolution of Financial Issues „Ï Review / Development of Projects related Financial Procedures „Ï Preparation of Management Reports ƒ¶ Other Key requirements: „Ï Familiarity with major financial software packages „Ï Very good knowledge of English „Ï Very good communication & interpersonal skills
Experience 10 - 20 years
Education Basic - Diploma , PG - Chartered Accountant
Nationality Any Nationality
Gender Any

Reference Code bcha.hrd.spa.250609
Name Kristine Munar - HR Coordinator
Email hrd@binhoufan.com