Cost Control Officer

Job description / Role

Assist and complete cost control activities for the Department to achieve corporate cost target by providing detailed cost models and allocation in accordance with established policies, procedures, instructions and targets.

Key Job Accountabilities
• Prepare and process SAP journal entries on behalf of cost centre owners in order to keep track of accruals for each project accordingly to ensure that all accruals, prepayments and advance payments in respect of the department contracts are paid and properly recorded.
• Maintain SAP cost object usage, master-data requests, review of SAP cost reports and process material journal entries to keep track of the expenditures.
• Coordinate cost related allocation principles, planning, and matrices with the cost centre owner prior to SAP processing so as to keep track of the costs and investigate any possible challenges.
• Provide cost-related planning templates, timeline, reports and analysis for review and reference.
• Assist in developing appropriate pricing structure and estimates against each tender scope in order to comply with the relevant policies and procedures and ensuring retention and withholding tax matters are optimised.
• Initiate appropriate contract, purchase requisition, CWO and Service Entry documents prior to encoding in SAP in order to comply with business requirements.
• Assist with the preparation of the Department budget, tracing and resolving any variances and coordinate budget discussions in order to deliver budget and forecast.
• Ensure costs are properly classified and that the Capitalization P&P is applied to keep and maintained expenditures within the approved budget and cost allocation.

Requirements

• 5 years’ experience in a Finance Department with demonstrated knowledge of financial systems.
• Familiarity with US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
• Computer literacy including SAP.
• High level of analytical skills.
• Ability to work under pressure and in cross functional Teams.
• Ability to conduct budgeting and cost control activities in compliance with Qatargas P&Ps.
• Degree in Accounting, Business, Commerce or equivalent.

About the Company

QatarEnergy LNG, established in 1984, pioneered the Liquefied Natural Gas (LNG) industry in Qatar and today is the largest producer of LNG in the world with an annual production capacity of 77 million tonnes per annum (MTPA) from its world-class facilities in Ras Laffan Industrial City, Qatar.

Since the first production in 1996, QatarEnergy LNG has successfully delivered cargos to more than 30 countries and is committed to meeting the world’s demand for safe, reliable and clean energy.

Through its operational excellence, QatarEnergy LNG is adding value to its production chain, contributing to the Qatari economy and Qatar’s National Vision to ensure efficient energy supplies for the country, creating new markets and contributing to the local community.

In addition to the LNG facilities, QatarEnergy LNG operates the Jetty Boil-Off Gas facility, Al Khaleej Gas, Ras Laffan Heilum, the two Laffan Refineries (among the largest condensate refineries in the world), and the Ras Laffan Terminal on behalf of All participants.