Project Accountant - GCC

EHIF; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A global consulting firm is seeking an experienced Project Accountant to join their team in Abu Dhabi. This vital role involves managing accounting entries for projects, ensuring timely financial reporting, and maintaining compliance with financial frameworks. Ideal candidates should have at least 5 years of project accounting experience, proficiency in Excel, and preferably be working towards a recognized accounting qualification like CIMA or ACCA. Join a forward-thinking company dedicated to meaningful projects within the energy sector.

Benefits

Competitive remuneration package

Medical Insurance

Group Life and Personal Accident Insurance

End of Service Gratuity

Employee Share Plan

Long Service Award

Commitment to professional development

Global connections across the energy sector

Educational opportunities in energy transition

Qualifications

• 5 years of project accounting experience is required.
• Proficiency in Excel is necessary.
• Experience with systems like Oracle and Hyperion is advantageous.

Responsibilities

• Record accounting entries accurately and timely.
• Prepare invoices in line with contract terms.
• Report results and analyze appropriately.
• Conduct financial forecasts and budgeting.
• Ensure compliance with financial management frameworks.
• Focus on cash collection and minimize unbilled items.
• Liaise with auditors effectively.
• Perform ad hoc financial analysis as needed.

Skills

Project accounting experience

Proficient user of Excel

People supervision skills

Good commercial knowledge

Good systems experience (e.g. Oracle, Hyperion)

Education

Recognized accounting qualification

Working towards CIMA / ACCA / CPA or equivalent

Job description

The Role

This is an exciting opportunity for an experienced Project Accountant with a proven track record in a similar role at a similar organization within the Oil and Gas industry.

Our Clients and Projects

Designing the future. Transforming the world.

Across EMEA, our teams are providing solutions and expertise to support our growing client base, focused on combining maintenance and operations with asset management, modifications and engineering services across the energy and materials markets.

We are focused on growth and our strategy is centered around building partnerships with our clients across the three regions: UK, Norway and the Middle East and Africa.

What we can offer

• Meaningful and interesting projects: Delivered to high profile clients across the Energy Sector
• Commitment to Diversity and Inclusion: We are an organization actively committed to diversity and inclusion across our business
• Competitive remuneration package: With regular reviews to ensure we are rewarding at the right level in line with the market
• Medical Insurance: Ensures inpatient, and outpatient medical care is available should you require treatment
• Group Life and Personal Accident Insurance: The company provides Life Assurance cover
• End of Service Gratuity: In line with UAE Labor Law, all employees are eligible for an End of Service benefit
• The Employee Share Plan: Gives you the opportunity to purchase Wood shares and receive a match from the company
• Long Service Award: Wood values the commitment and loyalty of our people. Celebrating Long Service provides an opportunity for the business to demonstrate their appreciation of the hard work, dedication and many years’ services of our employees at 5 - year service milestones
• Commitment to continued professional development: Development plans that are tailored to your individual needs and interests
• Global connections: Join experts around the world who are at the leading edge of our industry, shaping the standards of our profession
• Energy Transition Academy: Join a community of experts sharing your knowledge and gaining more exposure to a variety of existing and emerging energy systems - delivered by experts in their field

The key objectives for this role are

To ensure all accounting entries within the individual's area of control (i.e. project, contract, service line) are recorded in an accurate and timely manner. This involves the provision of timely reporting of financial data internally to business stakeholders and externally to the client. Furthermore, financial reporting will extend to forecasts, budgets and a “no surprises” outlook, together with ad-hoc financial analysis. In some cases this also requires the management of a small team.

• Ensure that all accounting entries are prepared accurately and in line with corporate deadlines
• Ensure invoices are prepared in a timely manner and in accordance with the commercial terms of the contract
• Ensure results are accurately reported and analysed
• Calculation of billing and cost rates, and analysis of margins to manage profitability
• Preparation of annual plan and quarterly reforecast in conjunction with Business Management and Finance team
• Responsibility for compliance with Financial management Framework within the individual’s sphere of control
• Focus on cash collection, optimization of DSO and minimization of unbilled items together with ensuring these balance sheet areas are appropriately reconciled, analyzed and controlled
• Liaising with external, internal and client auditors
• Linkage with business manager and contracts administrator regarding any contractual aspects
• Execution of various ad hoc financial analysis and tasks as and when required

Skills And Qualifications

What makes you remarkable?

At Wood, we are committed to equal opportunities and welcome all talented individuals to consider joining our team. So even if you don't match every statement below but feel you have some of the experience, knowledge or skills needed for this role, we encourage you to apply. It will take all of us working together to deliver solutions to the world’s most critical challenges.

Qualifications

• Further education through College or University with a recognized accounting qualification
• Preferably working towards CIMA / ACCA / CPA or equivalent

Knowledge, skills and experience

• 5 years project accounting experience
• Proficient user of Excel
• People supervision skills
• Good commercial knowledge
• Good systems experience (e.g. Oracle, Hyperion)

Personal attributes

• Ability to form and maintain strong working relationships
• Strong ethical values and communicates with openness and honesty

Wood is currently recruiting for an Project Accountant for our growing Finance team in the GCC region within our Operations EMEA business. Due to the nature of the projects and client expectation, the position will be based full time at Abu Dhabi office. #LI- OilandGasJobs #LI-EnergyJobs #LI- UAEJObs #LI- WorkinUAE #LI- EngineeringCareers

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com

Diversity Statement

We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.