AL MAKAMIN RECRUITMENT SERVICES Abu Dhabi need Specialist, Commercial & Project Finance- UAE National:
About the job
Job Title-Specialist, Commercial & Project Finance- UAE National
Ownership of finance processes of Company Projects – both in i) phase of execution (Project Controlling Finance) and ii) phase of bidding/ backlog (Commercial Finance). Be the Finance Business Partner with Operations and Project Management, by translating the operational facts into quantified accounting entries & forecast
Main Tasks & Responsibilities
Quarterly Project Review (Contract Margin Review) à Actuals vs Budget cost & revenue comparison by project & cost category L1, L2 & L3. Provide clear visibility of financials to operational leadership and drive commitment & closure of actions to meet budget. Oversight of accounting entries in GL, in order to ensure proper Project Accounting (POC, ECA, Deferred Charges and Contract Assets) is correctly booked and reflects the operational execution.
Revenue & Collections Database à maintain timely & accurate update of project Revenue Recognition, Billings and Collections, aligned to the Project Management confirmation of project execution advance, as per customer acceptances certificates properly documented for each accounting period. Alignment to USGAAP, IFRS and EDGE HQ Controllership guidelines for Rev Rec & Project Accounting, ensuring timely completion of audits & month/ year end closing.
Streamline & automate finance processes à minimize time spent in Transactional work of manual data consolidation, by: i) standardizing Finance templates; ii) educating Ops team to use correct Account/ Project/ Cost center to open PO/ PRs & enforcing policies; iii) maintaining organization of backup files & documentation, in order to expedite internal & external audits closure, and reduce workload during month/ end closing.
Proficient with SAP, Oracle & HFM/ Hyperion. Able to pull reports and post entries
Proficient with Project Accounting (POC/ ECA/ Deferred Charges/ Contract Assets)
Experience with USGAAP/ IFRS policies, procedures and reporting.
5+ Years of relevant experience in Finance & Accounting.
· Experience working in conglomerate/ multinationals.
· Experience working cross-functionally (Finance with Operations and other functions)
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