Senior Project Accountant
Job Description
<strong>NEOM is a new vision of what the future could be. It’s an attempt to do something that’s never been done before and it’s coming at a time when the world needs fresh thinking and new solutions. Put simply, NEOM will not only be a destination, but a home for people who dream big and who want to be part of building a new model for sustainable living. NEOM will be a hub for innovation, where established global businesses and emerging players can research, incubate, and commercialize groundbreaking technologies to accelerate human progress. </strong><p><br></p><strong> Role Purpose </strong><p><br></p>To support the Capital Accounting Manager. Responsible for handling all project accounting matters for specified business/businesses (Region, Sector(s), or delivery Division).<p><br></p><strong> Key Accountabilities: </strong><p><br></p><ul><li> Assist Capital Accounting Manager in coordinating closely with Commercial, Technical and broader Finance teams to ensure accurate and timely financial management of projects and related contracts within the organization, assessing and reporting the costs and budget forecasts by month and by projects. </li><li> Ability to use professional knowledge and skills in Transactional & Financial Accounting Principles, including interpretation of IAS16, IAS36 and other Financial Standards to ensure costs are correctly capitalized and valued, cost allocation , account reconciliations and controls, combined with a high degree of diligence to contribute proactively to continuous improvement of organization’s accounting, and reconciliation processes and standards. </li><li> Work with commercial and technical teams to ensure progress of projects are properly captured and monitored from an accounting standpoint, including the recording and reconciliation of incurred costs on a timely basis; </li><li> Review cost estimates and accruals in light of actual spend, project forecasts and degree of projection completion </li><li> Using SAP S/4HANA, PS (Project System) and summary output from Oracle PMIS to analyze the Capital Work in Progress (“CWIP”) balances on all assigned projects; </li><li> Work with the Commercial, Technical and Fixed Asset Accounting teams to ensure CWIP is transferred to Fixed Assets, promptly and using appropriate classifications </li><li> Assist FP&A in the annual projects budget preparation; </li><li> Support Procurement and Accounts Payable team members to achieve the Finance and Accounting department objectives; </li><li> Assist in financial analysis work and completion of various assigned activities. </li></ul><p><br></p><strong> Requirements: </strong><p><br></p><ul><li> Ability to demonstrate knowledge and skills in Financial Reporting and Controls and Accounting Standards . </li><li> Knowledge of project based accounting and WBS heirarchy </li><li> Highly skilled in dealing with financial and numeric data; </li><li> Highly skilled in use of Excel/PowerPoint; </li><li> Highly skilled in use of MS Word and must be a very good writer in order to handle the occasional administrative needs of the department which may include translation; </li><li> Excellent verbal skills; </li><li> Team player and ability to oversee team players; </li><li> Excellent work habits, including a willingness to work the hours necessary to completed the required tasks; </li><li> Ability to work in stressful, last minute and deadline driven oriented tasks.</li></ul>
