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Project Accountant -“ Fixed Assets

Client of Jobs Abudhabi

2 - 3 years Abu Dhabi - United Arab Emirates

Bachelor of Commerce(Commerce). Any Nationality


, Posted on May 10, 2018 1 Opening

Job Description

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To support the project development team in the establishment and monitoring of capital projects, tracking of cash spent against budget, fixed asset management and act as the key contact person for project finance.
Job Responsibilities:
1. Develop project costing and tracking models.
2. Develop financials models and calculate returns for investment made during the exaction of the project
3. Create project accounts in the accounting system
4. Maintain project-related information including contracts and purchase orders
5. Prepare cash flow forecast for projects based on procurement and funding plans.
6. Prepare project update reports and submit variance reports to management
7. Monitor indirect project expenses like payroll, consultancy & service costs and ensure they are separately charged to project accounts with proper allocation tables.
8. Develop CWIP tracking and capitalization working sheets.
9. Liaise with various departments and project owners to capitalize assets based on completion certificates and close out project accounts.
10. Monitor and report project spend against budget and timely alert the management on any budget over runs.
11. Update and maintain company depreciation rates for various asset categories.
12. Ensure interest costs are capitalized for projects and assets as per IFRS.
13. Maintain the asset register in Oracle and in schedules to ensure depreciation is calculated accurately for all assets.
14. Maintain proper documentation for any asset disposal, sale or transfer.
15. Coordinate with asset owners to create asset tags and capture the same in the asset register.
16. Physically track and update the asset register and make changes where required.
Skills
Education: Bachelor s Degree in Commerce or Finance related field.
Experience: At least two years experience in a similar role
Knowledge/ Skills: Proficient in accounting principles and practices. Knowledge of supervisory methods and practices. Ability to make independent decisions in accordance with departmental policies and procedures.
Languages: Ability to communicate in English (Speaking/Reading).
Arabic is preferred and any additional languages would be deemed an advantage.


Industry Type : IT - Software Services
Functional Area : Site Engineering / Projects

Keywords

Project Accountant IFRS Payroll Project finance Cash flow Oracle Fixed assets Procurement Service Asset management Project costing

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