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Senior Cost and Project Accountant

2 months ago

Dubai, Dubai, United Arab Emirates oilandgas Full time
About the Role

We are seeking a highly skilled Senior Cost and Project Accountant to join our team at oilandgas. As a key member of our finance department, you will be responsible for ensuring the accurate valuation of our plant inventory, creating standard costs for raw materials and finished goods, and reviewing factory profit and loss statements.

Key Responsibilities
  1. Inventory Valuation and Revaluation: Properly value and revalue plant inventory in Dubai and Jubail, ensuring compliance with US GAAP and company policy.
  2. Financial Reporting: Review and prepare monthly plant profit and loss statements, as well as related cost accounting reports, and support the calculation of earnings and other costs.
  3. Plant Budgeting and Forecasting: Prepare plant profit and loss statements and budgets under the supervision of the MEA Controller.
  4. Financial Close and Inventory Management: Engage and lead HUB financial close activities, upload inventory and accruals, and maintain clean balance sheet schedules for the plant.
  5. Capex Spend Tracking and Planning: Prepare and maintain MEA capex spend trackers and plans, forecasting versus actual spend.
  6. System Transition and Support: Own the Jubail to fuel Oracle transition, highlighting and resolving any system challenges.
  7. Inventory Count and Variance Analysis: Engage and lead plant annual inventory counts, complete variance reports, and follow up on any discrepancies.
  8. IT Support and Training: Liaise with global and WA IT teams for any Oracle or other ERP issues, drive solutions, and provide training to other team members on Oracle developments and changes.
  9. Margin Analysis and Cost Reduction: Provide margin analysis for projects at award and post-execution to the Sales Director, and work closely with operations to drive process standardizations and initiate cost reduction strategies.
  10. Accounting Process Development: Develop and detail HUB accounting processes, ensure team education and updates on Oracle functionality and other ERP systems.
  11. Intelligent Automation: Drive the intelligent automation program, represent the finance team, and be part of the training and knowledge-sharing process.
Requirements
  • 5+ Years of Experience: In corporate accounting or finance, with proficiency in Microsoft Office, expertise in Excel and PowerPoint, and the ability to quickly learn to extract data from other business systems.
  • Accounting or Finance Degree: A degree in accounting or finance, with MBA/CPA or other accreditations being advantageous but not vital.
About Us

We recognize the importance of employee well-being and offer flexible, competitive benefit plans to meet your physical, mental, financial, and social needs. Our culture prioritizes work-life balance, offering flexible time off plans, including paid parental leave, vacation, and holiday leave. We are committed to encouraging a culture where every employee is valued and respected for their outstanding experiences and perspectives.