Specialist Project Accounting

Abu Dhabi, AZ, AE, United Arab Emirates

Job Description

Overview:
About Presight
Presight is an ADX-listed public company based in Abu Dhabi, powered by Artificial Intelligence (AI), and is the region's leading omni-analytics company. We combine big data analytics and AI expertise to serve every sector, of every scale, creating business and societal impact. Our mission is to leverage data-driven insights to shape policies and foster safer, healthier, and more sustainable communities. The Opportunity
We are seeking an experienced Specialist - Project Accounting to manage and control all financial aspects of Presight's projects, acting as a key business partner to the Project Managers. This role is integral to ensuring proper financial management, including forecasting, budgeting, and reporting, while implementing financial tools to track project progress.
Responsibilities:
Financial Management: • Oversee all financial aspects of assigned projects, ensuring proper tracking and reporting of costs.
• Act as a business partner to the Project Manager, providing all necessary financial data and advice.
• Ensure accurate forecasting, budgeting, and financial variance analysis.
• Review cost estimates and provide reliable explanations of EAC (Estimate at Completion) and its variance.
• Manage contingencies and provisions for contractual and financial risks.

Project Control: • Analyze work in progress and review program expenditures, ensuring accuracy and authorization of expenses.
• Optimize and monitor sales margins and project profitability.
• Implement financial tools such as SAP by Design to monitor projects and provide necessary information for decision-making.
• Maintain the project cost breakdown structure and ensure consolidation of financial data for global entities involved in the project.

Cash and Invoicing: • Ensure timely invoicing and cash collection.
• Manage project cash flow (Cash-in and Cash-out) and work to optimize the OCF (Operating Cash Flow) in collaboration with Operations.
• Forecast cash flow and improve working capital requirements.

Financial Reporting: • Manage project reporting, including budget forecasts, variance analysis, and financial performance metrics.
• Provide stakeholders with financial information, including order intake, sales, cash-in, OCF, and variance analysis.
• Support the regional finance team with budgetary control and consolidation of project figures.

Project Closing and Compliance: • Ensure project closure in SAP by Design, providing all necessary financial data to stakeholders.
• Support finance transformation initiatives, such as shared services and reporting simplifications.
• Ensure compliance with internal financial controls, maintaining the highest standards of conduct.


Qualifications:
Key Qualifications: • Master's degree or Bachelor's degree in Finance/Accounting.
• Minimum of 5 years of experience as a Project Financial Controller or Project Accountant in a similar sector ( Telecom, Construction for example)
• IFRS 15 and POCM ( Percentage of Completion Method) experience
• Strong knowledge of SAP by Design or other financial management tools.
• Proven ability to work in a fast-paced environment with rigorous attention to deadlines.
• Strong organizational skills, analytical abilities, and ability to work effectively with cross-functional teams.
• Fluent in English; Arabic and French language skills are a plus.
• Experience working with international teams and managing global project finances.

Skills and Attributes for Success: • Strong interpersonal, motivational, and influencing skills.
• Ability to synthesize complex data and present it clearly to leadership.
• A proactive and collaborative attitude, with the ability to work across different cultures and teams.
• Exhibit a high degree of integrity and professionalism.

What We Offer: • Culture: An open, diverse, and inclusive environment with a global vision that encourages personal growth and focuses on groundbreaking, industry-first innovations.
• Career: Outstanding learning, development, and growth opportunities via structured training programs and innovative, high-tech projects.
• Rewards: A competitive remuneration package with a host of perks, including healthcare, education support, leave benefits, and more.


Join Presight and be a vital part of shaping the future of AI-driven analytics by managing our financial operations with precision and excellence.

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Job Detail

  • Job Id
    JD1754832
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Abu Dhabi, AZ, AE, United Arab Emirates
  • Education
    Not mentioned