Senior Project Accountant – Client of Five Continents in Abu Dhabi

Job Listing No: 97412605

Senior Project Accountant – Client of Five Continents in Abu Dhabi

MAIN DUTIES AND RESPONSIBILITIES – Verifies invoices of Contractors/Suppliers in accordance with the Contracts, Purchase Orders and Work Service Orders related to major & minor projects as well as e nsuring that all invoices are properly coded. Prepares the final account of project related contractors / consultants and recovers back charges, advance, retentions and applicable liquidated damages. – Effectively controls the financial activities of each and specific phases of assigned major & minor projects until final acceptance. – Performs financial and accounting functions of the assigned Major and minor Capital Projects. – Exercises financial control over project budgets, commitments, expenditures and payments of assigned major & minor capital Projects. – Ensures timely receipt, extension and release of bank guarantees, insurance coverage pertaining to designated projects in coordination with Treasury Department. – Prepares monthly / yearly accruals, reconciles advances and retentions. – Resolves day-to-day issues on financial aspects with major & minor Projects Contractors/Suppliers in coordination with concerned Divisions. – Reviews financial clauses/aspects of Agreements including variations, claims, etc. – Prepares monthly cash forecast covering major & minor Projects Contractors/Suppliers and submits for consolidation. – Prepares monthly reconciliation with Contractors/Suppliers accounts and interfaces with general ledgers. – Follows procedures, systems and methods for proper financial control over assigned major & minor projects including invoicing and payment procedures and comply with the monthly requirements of accruals provisions, cash flow forecasts. – Maintains and controls the Accounts Payable System for Major & Minor Projects. – Recommends modifications with a view to improving Contractors/Suppliers Accounting, Reporting, Accounts Payable System, Policies & Procedures for major & minor Projects. – Maintains all accounting and financial records relating to assigned Major & Minor Projects. – Maintains custody of all original Agreements (Contracts, Purchase Orders, Work Service Orders, etc.) with all assigned Major & Minor Projects Contractors/Suppliers. Supervision, Planning & Organizing: – Verification of invoices, timely and valid payments, cash flows, accruals etc related to assigned major & minor Projects. – Organizes and maintains financial records and custody of all original Agreements relating to assigned major & minor Projects. – Ensures timely payments to all Contractors / Suppliers , relating to assigned Major & minor Projects.

– Source from NaurikiGulf UAE

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