Senior Project Accounting Accountant

2 weeks ago

Doha, Baladīyat ad Dawḩah, Qatar Qatargas Operating Full time

Job Posting Date:27 Feb 2024

Work Location:
Doha, QA

Company:
QatarEnergy LNG

Job Purpose:

  • Provide professional advice and guidance on financial, accounting, management accounting, tax, and related issues.

Job Context & Major Challenge(s) - I:

  • Role is responsible for project accounting activities for projects.
  • Major challenges: (1) ensure information flows with multiple shareholders. (2) ensure an appropriate project accounting environment involving complex and high volume of transactions. (3) impact of significant financial activities, in project, financial and commercial dimensions.

Key Job Accountabilities - I:

  • Ensure that monthend, quarterend, and yearend divisional activities are delivered following established guidelines and procedures, including taking the lead in addressing complex nonroutine/adhoc activity providing recommendations and ensuring resolution where an expert Project Accounting response is required.
  • Interface with internal and external clients to obtain complex and sensitive financial information and provide advice and guidance on commercial/shareholder agreements and construction of financial models to support billings, cash calls and budgeting activities.
  • Coordinate with Asset Accounting and Venture Controlling to ensure that related activities (close outs and shareholder reporting) represent the true financial picture.
  • Review and prepare internal and external Gross Cost/Operating reports and analyse direct and allocated project / operating cost and resolve any discrepancies that may be noted.
  • Review and provide analysis required for monthly gross cost review with CFO and attend to actions from meetings as required.
  • Update project summary reports such as green book, wellwise reports, Internal Order (IO) vs Work Breakdown Structure (WBS) and cost tracker reconciliations. Review project cost, invoices, Service Entry Sheet (SES) for compliance with QG process and TOFA limits.

Key Job Accountabilities - II:

  • Analyse inventory movements to provide meaningful explanations. Assist in closure of shareholder queries when required.
  • Prepare and review project accruals and other accounting adjustment entries and prepare account reconciliations when necessary and address queries from venture control explaining significant variances against budget.
  • Prepare cash forecasts to meet cash requirements. Manage timely preparation of funding/cash calls/billing statements for the projects including analysis of actual cash expenditures vs cash call to optimize cash balances.
  • Develop WP&B inputs for all project and operating activities including headcount verification, expenditure phasing and validation with project plan. Compile Work Plan and Budget (WP&B) packs for management and provide meaningful analysis comparing pervious submission against current year WP&B.

Qualifications:

  • Bachelor's degree in an Accounting, Finance, Economic or Commercial discipline; or
  • Bachelor's degree in any discipline and an internationally recognised professional accounting qualification (ACA, ACCA, CA, CFA, CIMA, CMA, CPA).

Knowledge and/or Experience - I:

  • 5 years' accounting and finance experience.
  • Thorough knowledge of SAP FI/CO. Experience and knowledge in BPC, BW and Projects System.
  • Commitment to ensure organizational compliance with QG Financial Control Procedures.

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