A Project Accountant is responsible for managing the financial aspects of specific projects within an organization. This role involves budgeting, tracking project costs, analyzing financial performance, and ensuring that financial practices align with organizational goals and regulatory requirements. The Project Accountant works closely with project managers, finance teams, and other stakeholders to ensure projects are completed on time, within budget, and with accurate financial oversight.
| Salary | Market Competitive |
| Experience | 2 – 5 years |
| Location | Saudi Arabia |
| Qualification | Bachelor Degree |
| Posted | 30 November 2024 |
| Job Type | Full-Time |
| Posted by | Habeebi Recruiter |
| last date to apply | apply within 15 day |
Responsibilities
1. Financial Planning and Budgeting
- Collaborate with project managers to develop detailed project budgets and financial forecasts.
- Monitor budget allocations and ensure resources are efficiently utilized.
- Provide input on cost-effective strategies to improve financial outcomes for projects.
2. Cost Tracking and Reporting
- Maintain detailed records of project expenses, ensuring all costs are accurately recorded and categorized.
- Prepare regular financial reports, including variance analyses, to track the project’s financial performance against the budget.
- Identify and address any discrepancies or unexpected expenses in collaboration with project teams.
3. Compliance and Documentation
- Ensure all project financial activities comply with internal policies, contractual obligations, and regulatory requirements.
- Maintain organized and comprehensive financial documentation for audits and internal reviews.
- Monitor and enforce compliance with tax laws and other applicable financial regulations.
4. Billing and Invoicing
- Prepare and submit invoices to clients based on project milestones or agreements.
- Track incoming payments and ensure they are received on time to maintain cash flow.
- Resolve any billing disputes or queries in collaboration with clients and internal teams.
5. Risk Management
- Assess financial risks associated with projects and recommend mitigation strategies.
- Monitor key performance indicators (KPIs) and provide early warnings for potential financial issues.
- Assist in contingency planning for unexpected changes in project scope or funding.
6. Stakeholder Collaboration
- Act as a financial liaison between project teams, senior management, and external stakeholders.
- Provide regular updates on the financial health of projects to ensure transparency and informed decision-making.
- Support project managers in financial negotiations and contract reviews.
Qualifications and Skills
- Bachelor’s degree in Accounting, Finance, or a related field; CPA or equivalent certification is a plus.
- Proven experience in project accounting or financial management roles.
- Strong knowledge of accounting principles, budgeting, and financial analysis.
- Proficiency in accounting software and tools, such as SAP, Oracle, or QuickBooks.
- Excellent attention to detail, organizational skills, and the ability to manage multiple projects simultaneously.
- Strong communication and interpersonal skills for effective collaboration with diverse teams.
The Project Accountant role is integral to the successful financial management of projects. Candidates should possess a combination of analytical expertise, proactive problem-solving skills, and a commitment to upholding financial integrity and accountability.
How to apply:
Send your updated resume to our email:
Email: rapcogroup11@gmail.com