Project accountant

4 weeks ago


sharjah, United Arab Emirates Petrofac Emirates Full time
Monitor projects receivables in line with the cash flow projections and highlighting risks in achieving budgetary targets Monitor projects payments in line with the cash flow projections Co-ordinate with GBS Team for preparation of payment batches Ensure all vendor/subcontract invoicing issues related to workflow, accounting and indirect taxes are to be resolved in timely manner Review of Cost reports and VOWD in line with COSA guidelines and resolve any concern to ensure smooth closing of monthly/periodic accounts Review and report project related balance sheet accounts (AP, AR, advances, debit balance and retentions) on monthly basis to ensure risks are highlighted and mitigated from finance perspective Monitoring of site petty cash and ensuring adherance to petty cash policy Support the Tax team on VAT / Corporate tax where required Monitor Bank Guarantees received for expiry and its renewal Monitor client guarantees and review charges debited by the bank and monitor at completion cost Vendor accounts reconciliation, where required
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