Senior Accountant – Wood

Full Time @ Jobs in Qatar Sector: Accounting, Finance & Banking
  • Doha, Qatar View on Map
  • Date Posted : November 17, 2021
  • Salary: Negotiable
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Job Description

Overview / Responsibilities

Wood is currently looking to recruit a Senior Accountant to provide specialist support to our Qatar office on a staff basis.

Job Objective

To ensure all accounting entries within the individual’s area of control (i.e., project, contract, service line) are recorded in an accurate and timely manner. This involves the provision of timely reporting of financial data internally to business stakeholders and externally to the client. Furthermore, financial reporting will extend to forecasts, budgets and a “no surprises” outlook, together with ad-hoc financial analysis. This may require the management of a small team of accountants and this role is appropriate for larger, more significant projects, contracts, or service lines.

Key Accountabilities & Responsibilities

  • Focus on cash collection, optimisation of DSO and minimisation of unbilled items together with ensuring these balance sheet areas are appropriately reconciled, analysed, and controlled
  • Assist with annual tax audits and tax compliance/filings for the legal entity
  • Ensure compliance with local requirements such us VAT, Social Security/pensions etc.
  • Assist in the preparation of management accounts for the Qatar business
  • Review monthly IT, rent and country overhead costs are correctly recorded, recharged as appropriate to the various projects.
  • Management of all accounting entries to ensure they are prepared accurately and in line with corporate deadlines
  • Management of invoices to ensure they are prepared in a timely manner and in accordance with the commercial terms of the contract
  • Management of Intercompany invoices and payments.
  • Monthly General Ledger Reconciliations.
  • Calculation of billing and cost rates, and analysis of margins to manage profitability
  • Preparation and management of annual plan budget and quarterly reforecast in conjunction with Business Management and Finance team
  • Comply with Wood 60-day vendor payment terms and ensure accounts receivables are actively chased for payment.
  • Maintain bank relationships, customer confidence and protects operations by keeping financial information confidential.
  • Assist with payroll preparation.
  • Prepare project cost reports for the management.
  • Maintain professional and technical knowledge by making use of the Wood F & A Learning Hub and familiarizing yourself regularly with all Wood key policies and procedures
  • Liaising with external, internal and client auditors
  • Provide input and Manage ICV Audit.
  • Linkage with business manager and contracts administrator regarding any contractual aspects
  • Execution of various ad hoc financial analysis and tasks as and when required

Skills / Qualifications

  • University degree in Business Administration (Accounting and Finance, Economics etc.)
  • Preferably working towards ACCA / CPA / CIMA or equivalent
  • 10 years project accounting experience ideally in the Middle East
  • Proficient user of Excel
  • People supervision and management skills
  • Good commercial knowledge
  • Good systems experience (e.g., Oracle, Hyperion, Sage)
  • Ability to form and maintain strong working relationships
  • Shows willingness to make improvements and shares best practice
  • Good communication skills both verbal and written
  • Ability to discuss issues clearly and concisely at all levels within the organisation

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