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Senior Project Accountant

Confidential Company

Jeddah JobsFull-time

5–5 years of experience

2 weeks ago

Job description

As a Senior Project Accountant, you will be a crucial asset to our finance team, playing a key role in managing the financial operations of our projects within the paper manufacturing sector. This position is designed for an experienced professional who is ready to take on significant responsibilities in monitoring project budgets and cash flows. Your expertise will not only ensure compliance with financial standards but also enhance the strategic execution of our projects, positioning you as a vital contributor to our company's success.

In this role, you will have numerous opportunities for career growth and professional development. We believe in nurturing our employees' talents and providing them with the tools they need to succeed. You will lead a dedicated team, fostering a collaborative and innovative environment where ideas can thrive. Our commitment to training and development means you will have access to resources that will help you sharpen your skills and prepare for future leadership opportunities within the organization.

As a Senior Project Accountant, you will influence key financial decisions and collaborate with various departments to ensure alignment with our business objectives. This position offers the chance to work on high-impact projects, where your contributions will be recognized and valued. If you are looking for a challenging yet rewarding opportunity that allows for career progression, this is the role for you.

Responsibilities:

  1. Monitor and manage project budgets, particularly focusing on CAPEX and cash flows, to ensure financial resources are allocated efficiently and effectively throughout project lifecycles.
  2. Open, manage, and oversee settlements of Letters of Credit (LCs), ensuring compliance with relevant regulations and maintaining accurate documentation for financial transactions.
  3. Process and manage LC, loan, or deposit documents, verifying accuracy and ensuring that all financial obligations are met in a timely manner to support project financing.
  4. Maintain comprehensive project accounting records, including accruals and reconciliations, to ensure that financial data is accurate and up-to-date for reporting purposes.
  5. Forecast funding requirements and implement cost control initiatives, providing insights on financial performance to enhance project profitability and sustainability.
  6. Prepare detailed financial reports on project performance, analyzing variances and presenting findings to senior management for strategic decision-making.
  7. Work closely with project managers to align financial goals with project objectives, ensuring that all financial aspects are considered in project planning and execution.
  8. Conduct regular audits of project accounts, identifying discrepancies and recommending corrective actions to maintain financial integrity and transparency.
  9. Stay informed about industry trends and changes in accounting regulations, applying this knowledge to improve financial processes and compliance within the organization.

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