Project Accounting Lead

Propel Consult

Saudi Arabia

Ref: LP127-2382

Job description / Role

Employment: Full Time

Our client is founded by the Saudi government to bring all communities together and develop all sectors and fields with innovative solutions. The organization generates over $24 million in sales and has over 850 companies and 700 employees.
They are currently looking for a Project Accounting Lead to be based in Sharma, Saudi Arabia.

Duties & Responsibilities:
• Coordinating closely with the procurement and technical teams to ensure accurate and timely financial management of projects and related contracts within the organization, assessing and reporting the costs and budget forecasts by month and by projects
• Ability to use professional knowledge and skills in Transactional & Financial Accounting Principles, including CWIP accounting, cost allocation, account reconciliations and controls, combined with a high degree of diligence to contribute proactively to continuous improvement of organization’s accounting, and reconciliation processes and standards
• Supports and collaborates with commercial and technical teams to ensure projects are successfully executed within the agreed financial parameters in relation to the timely recording and reconciliation of incurred costs
• Supports the Director of Finance with contract reviews; coordinates with Projects, Procurement, Legal and other stakeholders as needed
• Analyze the CWIP balances on all projects
• Assist in the annual budget preparation
• Support Project Accounting and Accounts Payable teams to achieve the SSO Finance department objectives via continuous open lines of communication
• Assist in financial analysis work and completion of various assigned activities


Qualification & Requirements:
• Bachelor's Degree in Accounting, Management, Business or related field
• Master’s Degree in Business or related field (preferred)
• 8+ years minimum working experience in the field, previous management experience required
• Ability to demonstrate knowledge and skills in Financial Reporting and Controls and Accounting Standards
• Experience with contracts review and implementation; big infrastructure projects preferred
• Highly skilled in dealing with financial and numeric data
• Highly skilled in use of Excel/PowerPoint
• Highly skilled in use of MS Word and must be a very good writer to handle the occasional administrative needs of the department which may include translation
• Professional qualification preferred
• Experience using a project-based ERP solution, SAP preferred
• Experience working in a corporate organization in the project accounting function

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

  • Banking & Finance
  • Human Resources
  • Oil & Gas
  • Construction
  • Architecture & Engineering

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PRO salaries in Saudi Arabia

Average monthly compensation
SAR 18,000

Breakdown available for industries, cities and years of experience