Project Accounting Manager

Mackenzie Jones Middle East; Ras Al Khaimah; On-site; AED 300,000 - 600,000; Full time

Job summary

Mackenzie Jones Middle East is seeking an experienced Project Accounting Manager to own the financial control of our development portfolio from land acquisition through handover in the UAE. You will lead project accounting in Oracle Fusion Cloud, driving budgets, cost-to-complete and EAC forecasts, and delivering monthly profitability insights to senior management.

Work closely with Development, Projects, Procurement and Sales to ensure accurate costs, budgets, revenue and capitalization while

Qualifications

• 8+ years of accounting experience with at least 4 years in project accounting in real estate development, construction or similar.
• Hands-on experience with Oracle Fusion Cloud Financials and Project Portfolio Management (Project Costing, Project Control, Project Contracts/Billing).
• Strong knowledge of IFRS, particularly IFRS 15, IAS 2, IAS 16, IAS 23 and IAS 40.

Responsibilities

• Own end-to-end project accounting for all development projects (land, infrastructure, construction, consultancy and soft costs).
• Track committed, incurred and forecast costs against budgets; explain variances.
• Set up and maintain projects, tasks, expenditure types and WBS in Oracle Fusion PPM.
• Review and approve contractor/payment certificates, variations and retention with Projects/Cost Management teams.
• Prepare budgets, cost-to-complete and EAC forecasts with Development and Commercial teams.
• Deliver monthly project cost reports, cash flow forecasts and profitability analyses for management and board.

Skills

Project accounting leadership

Budgeting & forecasting

Cross-functional collaboration

IFRS knowledge

Education

Bachelor’s degree in accounting or Finance

Tools

Oracle Fusion Cloud Financials

Oracle Fusion PPM (Project Costing/Control/Billing)

Job description

We are looking for an experienced Project Accounting Manager to own the financial control of our client's development portfolio, from land acquisition and feasibility through construction, sales and handover.

You will lead project accounting within Oracle Fusion Cloud, ensuring every project's costs, budgets, revenue and capitalization are accurate, timely and compliant. You will be the bridge between Finance, Development, Projects, Procurement and Sales, giving leadership a clear and reliable view of project profitability.

Responsibilities

• Own end-to-end project accounting for all development projects, including land, infrastructure, construction, consultancy and soft costs.
• Track committed, incurred and forecast costs against approved budgets; investigate and explain variances.
• Set up and maintain projects, tasks, expenditure types and project structures (WBS) in Oracle Fusion PPM in line with the development lifecycle.
• Review and approve contractor and consultant payment certificates, variations, advance payments and retention in coordination with the Projects and Cost Management teams.
• Prepare and maintain project budgets, cost-to-complete and estimate-at-completion (EAC) forecasts with the Development and Commercial teams.
• Deliver monthly project cost reports, cash flow forecasts and profitability analysis for management and the board.

Experience

• 8+ years of accounting experience, with at least 4 years in project accounting within real estate development, construction or a similar project-based environment.
• Hands-on experience with Oracle Fusion Cloud Financials and Project Portfolio Management (Project Costing, Project Control, Project Contracts/Billing).
• Strong knowledge of IFRS, particularly IFRS 15, IAS 2, IAS 16, IAS 23 and IAS 40.
• Experience with construction contracts, payment certificates, variations and retention.

Qualifications

Bachelor’s degree in accounting, Finance or a related field.