Senior Fabrication Accountant

Nakilat; Qatar; On-site; QAR 400,000 - 600,000; Full time

Job summary

A leading company in the oil & gas industry seeks a Senior Fabrication Accountant to oversee financial reporting and manage budgets for fabrication projects. The ideal candidate will bring expertise in cost analysis and budgeting, along with significant experience in EPCI projects. This role is pivotal in ensuring financial compliance and optimizing operational efficiencies within the department.

Qualifications

• 8-12 years of related experience in a similar position.
• Experience in EPCI projects, budgeting, costing, and/or fabrications accounting.

Responsibilities

• Ensure timely and accurate monthly and quarterly financial reports.
• Track and analyze costs associated with fabrication projects.
• Lead the development and preparation of annual budgets.

Skills

Cost Analysis

Budgeting

Forecasting

Financial Reporting

Project Accounting

Education

Bachelor's degree in finance & accounting

Certification from an accredited institution (IFRS)

Job description

Primary Functions:

Ensure timely and accurate monthly and quarterly financial reports with explanation.
Actively liaise with various departments to ensure costs are correctly booked, in line with budget and to ensure the compliance with accounting standards, applicable laws, rules and regulations

Tasks and Responsibilities:

Track and analyze costs associated with fabrication projects, including materials, labor, overhead, and other expenses. This may involve developing cost estimation models and monitoring cost variances.
Assist in the development of Cost to Company (CTC) budget and forecast, providing financial insights to Finance Manager and Senior Management to support decision-making.
Lead the development and preparation of the annual budget for the fabrication yard, working closely with key stakeholders such as project managers, department heads, and senior management.
Analyze budget-to-actual variances on a regular basis, investigating discrepancies and providing insights into the Finance Manager to support decision-making and course correction as needed.
Utilize historical data, market trends, and input from various departments to forecast revenue, expenses, and capital expenditure requirements for the upcoming fiscal year.
Maintain project accounting records, tracking revenues, expenses, and profitability for each fabrication project. This may involve collaborating with the project management team to ensure accurate financial reporting.
Oversight of inventory related to fabrication activities, including raw materials, work-in-progress, and finished goods. Ensuring accurate valuation and reconciliation of inventory accounts.
Conduct financial analysis and performance metrics reporting for fabrication operations, identifying trends, risks, and opportunities for improvement.
Identify opportunities to streamline accounting processes, enhance efficiency, and strengthen internal controls within the fabrication accounting function.
Collaborate with other departments such as procurement, facility & maintenance, and operations to gather information, resolve issues, and support overall business objectives.

Other Expectations:

Adhere to all relevant SHEQ policies, procedures, instructions, and controls so that QFAB provides a safe, world class, secure and environmentally responsible services to customers, the public and its own people.
Participate in developing the Finance policies, procedures, and systems, and ensure their proper implementation to support achieving the different set targets and plans.
Carry out any other duties as directed by the Finance Manager

Qualification, Experience and Job Skills:

Qualification

Bachelor s degree in finance & accounting.
A Certification from an accredited institution is a plus (IFRS)

Experience:

8-12 years of related experience in a similar position, preferably in the Oil & Gas industry.
Experience in EPCI projects, budgeting, costing, and/or fabrications accounting

You will be redirected to the company website to apply for this position

Company Industry

• Accounting & Auditing

Department / Functional Area

• Accounts
• Taxation
• Audit
• Company Secretary

Keywords

• Senior Fabrication Accountant

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