Project Accountant

Saudi Petroleum Services Polytechnic; AlQasim; On-site; SAR 120,000 - 180,000; Full time

Job summary

A leading company in the field of petroleum services is seeking a Financial Project Manager to oversee project budgets and financial reporting. The ideal candidate will have professional certifications such as CPA or CMA, with a strong understanding of accounting principles and experience in the construction industry. This role involves close collaboration with project managers and finance teams to ensure accurate financial management and compliance with local regulations.

Qualifications

• Professional certifications such as CPA, CMA, or ACCA required.
• Strong understanding of accounting principles and financial reporting.
• Experience with project management software in the construction industry.

Responsibilities

• Monitor project costs, revenues, and cash flow.
• Prepare and analyze project budgets and financial reports.
• Ensure compliance with accounting standards and regulations.

Skills

CPA

CMA

ACCA

Accounting principles

Financial reporting

Budgeting

Analytical skills

Problem-solving

Communication skills

Organizational skills

Time-management skills

Attention to detail

Fluency in Arabic

Fluency in English

Tools

SAP

Oracle

Primavera

Microsoft Excel

Job description

Responsibilities:

• Monitor project costs, revenues, and cash flow.
• Prepare and analyze project budgets, forecasts, and financial reports (e.g., cost-to-complete, variance analysis).
• Ensure accurate and timely invoicing to clients and collection of payments.
• Prepare and process pay estimates for contractors and suppliers.
• Maintain accurate project records and documentation.
• Analyze project expenses and provide commentary on variances.
• Assist project managers in developing and updating cost-to-complete forecasts.
• Identify and implement cost-saving measures.
• Ensure adherence to project budgets and financial controls.
• Ensure compliance with relevant accounting standards, regulations, and company policies.
• Assist with internal and external audits.
• Maintain proper lien waivers, insurance certificates, and other compliance documentation from subcontractors.
• Work closely with project managers, finance teams, and other stakeholders to ensure alignment on financial objectives and reporting.
• Communicate financial information clearly and effectively to project teams.
• Participate in project meetings to discuss financial performance and issues.
• Utilize project management and accounting software effectively (e.g., SAP, Oracle, Primavera).
• Contribute to the development and improvement of financial systems and processes.

Skills

• Professional certifications such as CPA, CMA, ACCA, or equivalent.
• Strong understanding of accounting principles, financial reporting, and budgeting.
• Familiarity with construction-specific accounting practices and terminology.
• Proficiency in Microsoft Excel and other relevant software applications.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and as part of a team.
• Strong organizational and time-management skills.
• Expertise in handling financial activities by implementing the latest management and cost reduction trends.
• Ability to interact with the company's management and other departments in a clear and concise manner.
• Strong attention to detail and good analytical skills.
• Ability to prepare detailed and accurate reports within the given timeframe as per requirements.
• Experience with project management software used in the construction industry.
• Knowledge of local regulations and accounting practices in Saudi Arabia.
• Experience with ERP systems like SAP.
• Fluency in Arabic and English.