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Specialist - Project Accounting

Presight Abu Dhabi, United Arab Emirates Posted: 30 Oct 2024

Financial

  • Estimate: $80k - $120k*
  • Zero income tax location

Accessibility

  • Office Only
  • Visa Provided

Requirements

  • Experience: Senior

Position

About the Job
We are seeking an experienced Specialist - Project Accounting to manage and control all financial aspects of Presight’s projects, acting as a key business partner to the Project Managers. This role is integral to ensuring proper financial management, including forecasting, budgeting, and reporting, while implementing financial tools to track project progress.

Responsibilities

  • Financial Management:

    • Oversee all financial aspects of assigned projects, ensuring proper tracking and reporting of costs.
    • Act as a business partner to the Project Manager, providing all necessary financial data and advice.
    • Ensure accurate forecasting, budgeting, and financial variance analysis.
    • Review cost estimates and provide reliable explanations of EAC (Estimate at Completion) and its variance.
    • Manage contingencies and provisions for contractual and financial risks.
  • Project Control:

    • Analyze work in progress and review program expenditures, ensuring accuracy and authorization of expenses.
    • Optimize and monitor sales margins and project profitability.
    • Implement financial tools such as SAP by Design to monitor projects and provide necessary information for decision-making.
    • Maintain the project cost breakdown structure and ensure consolidation of financial data for global entities involved in the project.
  • Cash and Invoicing:

    • Ensure timely invoicing and cash collection.
    • Manage project cash flow (Cash-in and Cash-out) and work to optimize the OCF (Operating Cash Flow) in collaboration with Operations.
    • Forecast cash flow and improve working capital requirements.
  • Financial Reporting:

    • Manage project reporting, including budget forecasts, variance analysis, and financial performance metrics.
    • Provide stakeholders with financial information, including order intake, sales, cash-in, OCF, and variance analysis.
    • Support the regional finance team with budgetary control and consolidation of project figures.
  • Project Closing and Compliance:

    • Ensure project closure in SAP by Design, providing all necessary financial data to stakeholders.
    • Support finance transformation initiatives, such as shared services and reporting simplifications.
    • Ensure compliance with internal financial controls, maintaining the highest standards of conduct.

Qualifications

  • Master’s degree or Bachelor’s degree in Finance/Accounting.
  • Minimum of 5 years of experience as a Project Financial Controller or Project Accountant in a similar sector (Telecom, Construction, for example).
  • IFRS 15 and POCM (Percentage of Completion Method) experience.
  • Strong knowledge of SAP by Design or other financial management tools.
  • Proven ability to work in a fast-paced environment with rigorous attention to deadlines.
  • Strong organizational skills, analytical abilities, and ability to work effectively with cross-functional teams.
  • Fluent in English; Arabic and French language skills are a plus.
  • Experience working with international teams and managing global project finances.

Skills and Attributes for Success

  • Strong interpersonal, motivational, and influencing skills.
  • Ability to synthesize complex data and present it clearly to leadership.
  • A proactive and collaborative attitude, with the ability to work across different cultures and teams.
  • Exhibit a high degree of integrity and professionalism.

What We Offer

  • Culture: An open, diverse, and inclusive environment with a global vision that encourages personal growth and focuses on groundbreaking, industry-first innovations.
  • Career: Outstanding learning, development, and growth opportunities via structured training programs and innovative, high-tech projects.
  • Rewards: A competitive remuneration package with a host of perks, including healthcare, education support, leave benefits, and more.

Join Presight and be a vital part of shaping the future of AI-driven analytics by managing our financial operations with precision and excellence.

Apply now

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About Presight

Presight, an ADX-listed public company limited by shares whose majority shareholder is Abu Dhabi company G42, is the region’s leading big data analytics company powered by Artificial Intelligence (“AI”). We combine big data, analytics, and AI expertise to serve every sector, of every scale, to create business and positive societal impact. With our world-class computer vision, AI and omni-analytics platform as its engine, we excel at all-source data interpretation to support insight-driven decision making that shapes policy and creates safer, healthier, happier, and more sustainable societies.