Project Accountant (KSA National)

Your Impact:

At Jacobs, we push the limits of what 's possible to make the world smarter
and more connected. Our clients rely on us to be strategic and practical; to
help them save money while being innovative; and to be environmentally
sensitive and understanding of community concerns when delivering crucial
urban development projects.
Jacobs has had a strong presence in the Middle East for many years and has
been assisting the region implementing visionary transitions, such as with The
Kingdom of Saudi Arabia's ‎2030 Vision. The main objective is to develop a
vibrant society, a thriving economy of an ambitious nation and this can be
achieved through the development of water resources and infrastructure, which
are at the core of this vision.
Job Purpose
Project Accountants perform key functions that directly influence the
profitability and financial performance of the company. They work closely with
Project Accounting Lead and Project Management to ensure the projects reflect
accurate financial position. Project Accountants evaluate progress status
using parameters such as billing and budgetary information submitted by
Project Delivery personnel and ensures accuracy and compliance with company
and system requirements.
Responsibilities not limited to:
* Review contract terms and associated information; ensure project setup generates appropriate results in ERP financial system
* Drive client invoice generation with accuracy and quality for Lump sum, Time and Material, Cost-Plus and Reimbursable contracts. Ensure client invoices are issued as per contractual terms with appropriate supporting backup documentation
* Closely monitor and control Day Sales Outstanding (DSO) for project portfolio, while partnering with project leadership to incorporate tangible measures to reduce unbilled balances and aged receivables
* Provide financial and decision-making support to Project Management and Business Unit Operations for portfolio of projects (which could be around ‎50 projects with multiple clients)
* Understand and monitor percentage of completion project revenue recognition, work in progress (WIP) and timely reporting of significant risks and opportunities
* Monitor project costs and communicate budget overruns /savings to Project Management
* Maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted accounting practices.
* Assess problems as they may arise and partner with stakeholders to evaluate robust solution that best fits the issue; work with responsible individuals for appropriate actions to be taken and follow through to ensure completion.
* Ensure internal consistency, completeness, and accuracy of project financial data including but not limited to project revenue recognition, cost, invoicing, project investment and accruals.
* Ensure all financial activities and requirements relating to project close-outs are carried out in a timely manner.
* Coordinate with joint venture partners, other departments, suppliers, or clients to resolve financial questions or problems.
* Assist with audits which requires Project Accountant support
* Apply best practices in line with company requirements, audit requirements, SOX and IFRS
* Process month-end journals relating to provision, cost accruals and other project related financial adjustments to reflect the true performance of the project
* Coordinate and respond to project financial questions from Project Accounting Lead, Regional Accounting Manager, Regional Business Unit Managers, and other interested managers.
Here 's What You'll Need:

Requirements / Skills
* Degree in Accountancy / Finance
* ACCA/ CA /CPA or other professional accounting qualification preferred
* A minimum of ‎8+ years experience in handling Accounting responsibilities with a minimum of ‎3 years project accounting experience in Engineering Consulting and Construction industry
* Strong proficiency in Arabic language (written and spoken)
* Must be able to apply accounting/finance knowledge to large number of diverse situations ranging from routine project setup and management to complex financial analysis
* Possess working knowledge of financial system applications, preferably Oracle
* Advanced skillset in Microsoft Excel. Have the ability to convert data to meaningful analysis using spreadsheets
* Ability to step up to lead and collaborate in a fast phased and changing business environment
* Good time management and organizational skills; ability to multitask, work to meet tight deadlines
* Strong communication skills, with the ability to interact effectively with all levels of staff and management
Jacobs. A world where you can.
We are an Equal Opportunity Employer
From our inclusive employee networks to our positive mental health champions -
we are committed to driving a culture of caring where you can be you. Joining
Jacobs not only connects you locally but globally - and together, our diverse
perspectives and unique backgrounds power our collective strength.
We collaborate and share! By supporting one another, we all succeed.
With safety and flexibility always top of mind, we have gone beyond
traditional ways of working so you have the support, means and space to
maximize your potential. You will uncover flexible working arrangements,
benefits, and opportunities to do good too - from participating in our global
giving and volunteering program, to exploring new and inventive ways to help
our clients make the world a better place. No matter what drives you, you will
discover how you can cultivate, nurture and achieve your goals - all at a
single global company.
Start your Jacobs career with a company that inspires and empowers you to
deliver your best work so you can evolve, grow and succeed - today and into
tomorrow.

At Jacobs, we 're challenging today to reinvent tomorrow by solving the
world's most critical problems for thriving cities, resilient environments,
mission-critical outcomes, operational advancement, scientific discovery and
cutting-edge manufacturing, turning abstract ideas into realities that
transform the world for good. With $‎13 billion in revenue and a talent force
of more than ‎55,000, Jacobs provides a full spectrum of professional services
including consulting, technical, scientific and project delivery for the
government and private sector.