Accountant - Al Futtaim Engineering

Job description / Role

Accountant - Al Futtaim Engineering - Jeddah - KSA

Al-Futtaim Engineering is a multi-disciplinary engineering organisation operating in the United Arab Emirates, Kingdom of Saudi Arabia, Qatar and Egypt, and was originally established in the UAE in 1974. As an Al-Futtaim group company, we enjoy the benefits of being part of one of the leading Dubai headquartered business houses operating around the globe.

Through seven business divisions, Al-Futtaim Engineering offers a wide variety of products and services for the construction industry from Air conditioning, Building Products, Control and Firefighting, Elevators and Escalators, Facility Management, MEP, Scaffolding.

Al-Futtaim Engineering fully serves the needs and requirements of the construction industry and its involvement in numerous large-scale projects in the region has given the company an enormous wealth of experience.

As an Accountant you are expected to manage the commercial and financial elements of projects from contract signature to final handover and deliver punctual budget control and profit levels including and not limited to: Project Costing, Contractual Issues, variations and valuations, detailed design, quality assurance, claim management and customer satisfaction

The duties of the Accountant will include:

- Analysing unit rates to determine corrective actions to minimise project losses.
- Developing, monitoring, maintaining status reports and taking action to avoid a decline in the tender mark-up.
- Assisting in the preparation of tenders where a good working knowledge of construction, market rates and methods is required.
- Supervising the preparation of all outgoing estimates and variations, ensure that cost reports and applications are submitted monthly.
- Ensuring the monthly financial forecast for each contract is correct and completed on time.
- Producing monthly profit forecasts as per the actual turnover and margin figures.
- Ensuring that contracts and claims correspondence is submitted on time and to a very good standard.
- Ensuring synchronisation between the different company department and the commercial department such as finance, quantity surveying and procurement.
- Maximizing the profitability of all contracts.
- Overseeing the development of Quarterly and Monthly project financial reports and presentations in coordination with the financial reporting function.
- Reviewing investment proposals and conduct financial due diligence and prepare summary presentations for review.

Requirements

To be successful in winning this role, the following are the prerequisites:

- Saudi Nations preferred.
- Non Saudi applicants must have transferable Visa in KSA.
- A Bachelor's degree in accounting, finance or business.
- 5 plus years of experience as an Accountant in an Engineering industry.
- Experience in contracts, procurement, negotiating of commercial & legal and dispute resolution.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.