Overview
Project Financial Controller Jobs in Khobar, Saudi Arabia at Saudi Petroleum Services Polytechnic
• Provide timely and accurate project financial information.
• Provide detailed and probing projectfinancial analysis.
• Monthly financial reports (including project profit and loss, project balance sheet, project variance analysis, etc.).
• Prepare project annual budget & quarterly forecasts incollaborationwith theproject managementteam (site, overhead costs and capital expenditures, project capital assets employed).
• Review the project forecast in detail to ensure having an accurate & reliable estimate to complete.
• Prepare profitability analysis and gross profit variation reports for all projects.
• Ensure billings are prepared on a timely basis and prompt collection of receivables.
• Report on the variation and status of accounts receivable and unbilled revenues and ensure proactive follow-ups.
• Analysis of Trial Balance.
• Liaise and coordinate with corporate treasury withrespectto the issuance of bank guarantees/letters of credit & initiate requests for cancellation of all bank guarantees that are no longer required.
• Liaise and coordinate with corporate treasury and corporate payables on the suppliers’ payments priority list.
• Prepare accurate & reliable monthly cash flow forecast in coordination withproject management.
• Ensure monthly financial review of the project performance (regular review of billing, actual executed work, actual cost, cost to complete & overheads).
• Highlight problems and issues on projects toproject managementon a timely basis.
• Assist project directors and managers with the use/understanding of ERP and assist the project personnel in the use of cost control and accumulation tools in compliance with the standards of SISCO Group.
• Verify and approve all cost-effective transactions.
• Apply revenuerecognitionmethod that complies with IFRS.
• Identify potential risks in conjunction with theproject managementteam and ensure remediation plans are developed for deficiencies identified and ensure these plans are put into place.
• Prepare the reconciliation analysis for unbilled revenue on a monthly basis.
• Ensure that financial controls are adequately implemented on all project sites.
Skills
• 8+ years of financial controllership experience including progressively senior finance roles in Top Companies. Experience in Engineering and Contracting business is preferred. Middle East finance experience is also preferred.
• Well-balanced financial leader with sound and common-sense business judgment.
• Critical thinker with the ability to develop actionable plans.
• Strong financial acumen and business savvy.
• Team player and individually motivated.
• Drive to keep on top of the relevant business and project issues.
• Superiorcommunicationand presentation skills with an ability to set the highest standards for honesty, integrity, and work ethic both for themselves and for those around them.
• Proven ability to develop effective relationships with colleagues and team members by gainingrespectand trust.
• Strong quantitative andanalytical skillswithattention to detailand accuracy.
• Well organized with an ability to manage multiple projects with strict deadlines.
• In-depth experience with large-scale ERP systems.
• An exceptional leader and team builder with a track record of influencing and developing a high-performing team of professionals.
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Title: Project Financial Controller
Company: Saudi Petroleum Services Polytechnic
Location: Khobar, Saudi Arabia
Category: Finance & Banking, Management
