Mackenzie Jones Middle East
Project Accounting Manager
Ras Al Khaimah, UAEPosted 1 weeks ago
Apply link checked yesterday
- Salary
- AED 12k–18k a month· est.
- Job type
- Full time
- Level
- Lead
- Field
- Finance & Accounting
- Work mode
- On site
About the role
We are looking for an experienced Project Accounting Manager to own the financial control of our client's development portfolio, from land acquisition and feasibility through construction, sales and handover. You will lead project accounting within Oracle Fusion Cloud, ensuring every project's costs, budgets, revenue and capitalization are accurate, timely and compliant. You will be the bridge between Finance, Development, Projects, Procurement and Sales, giving leadership a clear and reliable view of project profitability. Responsibilities • Own end-to-end project accounting for all development projects, including land, infrastructure, construction, consultancy and soft costs. • Track committed, incurred and forecast costs against approved budgets; investigate and explain variances. • Set up and maintain projects, tasks, expenditure types and project structures (WBS) in Oracle Fusion PPM in line with the development lifecycle. • Review and approve contractor and consultant payment certificates, variations, advance payments and retention in coordination with the Projects and Cost Management teams. • Prepare and maintain project budgets, cost-to-complete and estimate-at-completion (EAC) forecasts with the Development and Commercial teams. • Deliver monthly project cost reports, cash flow forecasts and profitability analysis for management and the board. Experience • 8+ years of accounting experience, with at least 4 years in project accounting within real estate development, construction or a similar project-based environment. • Hands-on experience with Oracle Fusion Cloud Financials and Project Portfolio Management (Project Costing, Project Control, Project Contracts/Billing). • Strong knowledge of IFRS, particularly IFRS 15, IAS 2, IAS 16, IAS 23 and IAS 40. • Experience with construction contracts, payment certificates, variations and retention. Qualifications Bachelor’s degree in accounting, Finance or a related field.
Requirements
Bachelor’s degree in accounting, Finance or a related field. 8+ years of accounting experience, with at least 4 years in project accounting within real estate development, construction or a similar project-based environment. Hands-on experience with Oracle Fusion Cloud Financials and Project Portfolio Management (Project Costing, Project Control, Project Contracts/Billing). Strong knowledge of IFRS, particularly IFRS 15, IAS 2, IAS 16, IAS 23 and IAS 40. Experience with construction contracts, payment certificates, variations and retention.
Responsibilities
Own end-to-end project accounting for all development projects, including land, infrastructure, construction, consultancy and soft costs. Track committed, incurred and forecast costs against approved budgets; investigate and explain variances. Set up and maintain projects, tasks, expenditure types and project structures (WBS) in Oracle Fusion PPM in line with the development lifecycle. Review and approve contractor and consultant payment certificates, variations, advance payments and retention in coordination with the Projects and Cost Management teams. Prepare and maintain project budgets, cost-to-complete and estimate-at-completion (EAC) forecasts with the Development and Commercial teams. Deliver monthly project cost reports, cash flow forecasts and profitability analysis for management and the board.
Skills
- Oracle Fusion Cloud Financials
- Oracle Fusion Project Portfolio Management
- Project Costing
- Project Control
- Project Contracts/Billing
- IFRS 15
- IAS 2
- IAS 16
- IAS 23
- IAS 40
- Construction contracts
- Payment certificates
- Variations
- Retention
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