B7 project-accountant

B7 project-accountant

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  B7 CONSULTANCY- PROJECTACCOUNTANT POST: PROJECT ACCOUNTANT JOB LOCATION: Al Lith- Saudi Arabia REPORTS TO: GM of Engineering & Construction functionally with line reporting to HOD finance for financial controls The main focus of the position; To provide strong financial reporting & Project cost accounting support to the GM/HOD, including being a link between the group of companies and various business units and finance regarding operational expenditure and costing related to the NewCo. The role will provide critical support to the strategic and operating divisions through the development of Project cost accounting, analysis of Finance generated OPEX reports, analysis and calculation of Project production costs and identification of out of line expenditures. An integral part of the role will be the development of annual budgets, including the monitoring of performance against these budgets and reporting of out of line situations to the GM and HOD's. He will act as a link between Finance Department and operating departments and will seek to ensure that service providers act as “business partners”, driving a culture of performance improvement. He will have a dual reporting role and report functionally to the GM of Engineering & Construction and will be line responsible to HOD finance for all financial control and reporting requirements. He will develop and provide operational data which are required for financial presentations and analysis. He will work closely across functions and in particular with senior- most management and Managers within the NewCo directorate. DETAILED RESPONSIBILITIES: Liaising with:  Engineering & Construction-General Manager/ HODs/Managers  Finance Director / HOD • Assist departmental managers in developing detailed annual individual PROJECT budgets in accordance with Director/GM Engineering & Construction and Director Finance requirements. • Analysis of Finance Department generated Opex & Capex reports & preparing variance analyses • Developing a series of monthly analysis reports on Opex/capex performance for each department. • Ensuring that pre-operating expenses, capital projects and capex purchases are accounted for correctly and that depreciation starts at the appropriate time.
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  B7 CONSULTANCY- PROJECTACCOUNTANT • • • • • • • • • • • • Developing tools, using ERP, to accurately calculate production costs. Monitoring and advising on the updating of the cost parameters of the ERP system to reflect the actual cost. Working with finance and IT to define costing for any new Projects or business lines. Review inventory levels for spare parts in the warehouse for critical construction equipment and recommend appropriate stock levels, including reorder levels and minimum stock levels working closely with Director Supply chain in this respect Undertake productivity analysis and conduct ongoing process constraint analyses Report on breakeven points by project & work centers Analyze capital budgeting requirements and impacts to production costs Analyze proposed raw material changes in view of the impact to production costs and GP contribution & suggest and devise cost reduction measures Development of Intelli-view Business Intelligence reports to support the cost accounting analysis and KPI reporting process. Development of a set of accounts for each Project, including farm construction units. Establish and maintain functioning working relationships with other COMPANY’S operational units Have the ability to identify potential enhancement & improvement opportunities and deliver results to improve the operation incl. multiple options for complex business problems. REQUIREMENTS: (MANDATORY OR PREFERRED REQUIREMENTS FOR THE POSITION, I.E. EDUCATION, LICENSES) • MBA or equivalent in accounting and / or qualified CA/ACMA with minimum 8 years experience in construction/commercial industry • Commercial experience in cost accounting preferably gained in a construction company environment and including exposure and understanding of ERP systems. CRITERIA: (STANDARDS THAT WILL BE USED TO EVALUATE THE CANDIDATES, I.E. SKILLS, EXPERIENCE, KNOWLEDGE, AGE, LANGUAGE) • • Suitable candidates must match the above scope of responsibilities and must have the clear potential to succeed. Demonstrated experience in  Production of accounting reports  developing relationships in essential areas of the operation, e.g. analysis, solution finding, service provision  Management report writing and presentation including presentation of facts and data in a meaningful and engaging manner.  relationship building across a multi-site operation  thinking on their feet
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  B7 CONSULTANCY- PROJECTACCOUNTANT • • • • • • Personal Qualities (to establish and sustain the accepted leadership at all levels of the operation)  ability to secure natural cooperation across hierarchies  visible confidence in what he does and naturally accepted at all levels of the operation (high social/emotional intelligence) High level of cost awareness High level of operational awareness Practical approach to problem solving MUST have proven excellent English communication skills in both written and verbal forms, including the ability to articulate a position and provide convincing rationale for implementation. COMPANY’S at its discretion intends to verify claims about education, skills, experience, employments and engagements with references either directly or through qualified partners.