Senior Project Accountant - Project Finance

Mc Dermott; Dubai; On-site; AED 200,880 - 2,432,880; Full time

Job summary

Mc Dermott is looking for a Senior Project Accountant – Project Finance in Dubai. This role suits experienced finance professionals adept in project accounting and billing, ensuring accurate invoicing and reporting for major energy projects.

With a focus on strong financial controls and project cash flows, candidates should have 5–7 years of relevant experience and a Bachelor’s degree in Accounting or Finance. Join a globally recognized organization committed to safety and sustainability.

Qualifications

• 5–7 years of project accounting or finance experience.
• Experience in oil and gas or EPCI projects is preferred.
• Strong attention to detail and ability to manage deadlines.

Responsibilities

• Prepare and review customer invoices for clients.
• Compile information for intercompany billing processes.
• Generate and verify Executive Summary Reports.

Skills

Project accounting

Customer billing

Financial reporting

ERP accounting software

Intercompany billing

Accounts receivable

Cost accruals

Project cash flow

Invoice preparation

Audit trail reporting

Education

Bachelor's degree in Finance or Accounting

Chartered Accountant, ACCA, or CPA

Tools

ERP accounting software

Job description

Job Snapshot

Role: Senior Project Accountant – Project Finance

Location: Dubai, United Arab Emirates

Industry: Oil and Energy

Function: Accounting‑Finance

Experience: 5–7 years

Job Type: Full‑time

Salary: 18000–218000 (Estimated salary based on similar jobs in the city; please confirm the final offer with the employer)

Job Details

Country: United Arab Emirates

City: Dubai

Industry: Oil and Energy

Function: Accounting‑Finance

Salary: 18000–218000

Gender: Any

Candidate Nationality: Any

Role Overview

Senior Project Accountant – Project Finance in Dubai is an opportunity for an experienced finance professional with strong project accounting, billing, cost control, accounts receivable, intercompany reporting, and ERP accounting knowledge. This role is suited for a detail‑focused accountant who can support complex EPCI, construction, and energy projects by ensuring accurate invoicing, reliable financial reporting, healthy project cash flow, and strong internal financial controls.

Key Responsibilities

• Work closely with project teams to understand contract billing requirements, invoicing milestones, commercial terms, and customer documentation needs.
• Prepare and review customer invoices for third‑party clients, ensuring accuracy, completeness, and compliance with contract terms.
• Compile and validate information required to support intercompany project billing and related internal financial processes.
• Confirm intercompany balances and resolve discrepancies through coordination with relevant finance and project stakeholders.
• Prepare unbilled cost accruals to ensure project costs and revenues are recorded in the correct accounting period.
• Generate, review, and verify Executive Summary Reports for intercompany projects to ensure consistency across project financial information.
• Run monthly system audit trail reports and review them for issues linked to business unit classifications or recording errors.
• Prepare and analyze Accounts Receivable Contract Status Reports, Accounts Receivable Aging Reports, and Unapplied Cash Reports.
• Make required adjustments to ensure billing, receivables, collections, and cash application activities are accurately recorded.
• Coordinate with project managers and project controls teams for forecast completion and preparation of project finance reports.
• Support local and corporate management reporting by providing accurate project finance information and timely analysis.
• Work with project managers, project procurement teams, and subcontracts coordinators to prepare, analyze, and maintain healthy project cash flows.
• Maintain internal financial control over assigned projects and ensure costs are correctly processed, coded, recorded, and reviewed.
• Ensure client invoices are issued on time according to agreed contract terms and project billing schedules.
• Act as a finance interface during client audits by supporting documentation, explanations, reconciliations, and project accounting records.
• Review and analyze project costs to identify unusual movements, incorrect charges, missing accruals, or reporting gaps.
• Provide inputs for ad‑hoc finance reporting, project reviews, management requests, and corporate reporting requirements.
• Support colleagues with less experience by sharing practical project accounting knowledge and helping improve team discipline.
• Follow applicable accounting guidelines, company policies, internal controls, and project finance procedures.

Ideal Profile

• Bachelor's degree in Finance, Accounting, or a closely related discipline.
• Relevant professional certification such as Chartered Accountant, ACCA, CPA, or equivalent is preferred.
• 5–7 years of project accounting, billing, finance, or cost reporting experience.
• Experience in oil and gas, EPCI, construction, engineering, or energy project environments is strongly preferred.
• Solid understanding of customer billing, intercompany billing, project accruals, accounts receivable, aging reports, unapplied cash, and project financial control.
• Experience working with ERP accounting software and system‑generated financial reports.
• Ability to review project costs, identify accounting issues, and support corrective actions.
• Strong coordination skills with project management, project controls, procurement, subcontracts, finance, and corporate reporting teams.
• Good understanding of contract‑based billing, project cash flow management, and client audit requirements.
• Strong attention to detail with the ability to manage deadlines, reconcile data, and maintain accurate project finance records.
• Clear communication skills for explaining project finance matters to technical, commercial, and management stakeholders.
• Ability to work independently while supporting wider project accounting and finance teams.

Skills Set

• Project accounting
• Project finance
• Customer billing
• Contract billing
• Intercompany billing
• Accounts receivable
• Accounts receivable aging
• Unapplied cash reporting
• Cost accruals
• Unbilled cost accruals
• Project cost analysis
• Project cash flow
• Financial reporting
• Executive summary reporting
• Audit trail reporting
• ERP accounting software
• Client audit support
• Internal financial control
• Forecasting support
• Project finance reports
• Cost coding review
• Invoice preparation
• Invoice review
• Intercompany balance reconciliation
• Finance coordination
• Project controls coordination
• Procurement coordination
• Subcontracts coordination
• Oil and gas accounting
• EPCI project finance
• Construction industry finance
• ACCA
• CPA
• Chartered Accountant

Why Join Us

This opportunity is ideal for a Senior Project Accountant – Project Finance who wants to support complex Oil and Energy projects in Dubai while building stronger expertise in EPCI project accounting, billing, cash flow control, and financial reporting. The role offers exposure to large‑scale energy projects, contract‑driven finance operations, intercompany reporting, client audit interaction, and collaboration with project and corporate teams. It is a strong career move for a finance professional seeking responsibility, stability, and growth within a globally recognized energy engineering business.

About the Company

McDermott International, Ltd is a global engineering, procurement, construction, installation, and project delivery company serving the energy industry. With more than 100 years of experience, the company supports offshore, subsea, onshore, and energy transition projects through integrated engineering knowledge, fabrication capability, marine operations, and disciplined project execution. Its teams deliver complex energy infrastructure across international markets with a focus on safety, sustainability, technical quality, and reliable project performance.