Senior Fabrication Accountant

2 weeks ago

Doha, Qatar Nakilat Full time

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**Senior Fabrication Accountant**:

- Job Requisition No.: 21869
- Category: Shipyard

**Job Title: Senior Fabrication Accountant**:
**Reporting Structure**:
Reports to: Finance Manager

**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

**Senior Fabrication Accountant**:

- Department:

- City:
**Job Segment**:QA, Quality Assurance, Facilities, Procurement, Project Manager, Technology, Quality, Operations

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