Cost Control Officer
Full-time
Qatar Energy LNG
Job Purpose
- Assist and complete cost control activities for the department to achieve corporate cost target by providing detailed cost models and allocation in accordance with established policies, procedures, instructions and targets.
- Prepare and process SAP journal entries on behalf of cost centre owners to keep track of accruals for each project accordingly to e nsure that all accruals, prepayments and advance payments in respect of the department contracts are paid and properly recorded.
- Maintain SAP cost object usage, master-data requests, review of SAP cost reports and process material journal entries to keep track of the expenditures.
- Coordinate cost related allocation principles, planning, and matrices with the cost centre owner prior to SAP processing to keep track of the costs and investigate any challenges.
- Provide cost-related planning templates, timeline, reports and analysis for review and reference.
- Assist in developing appropriate pricing structure and estimates against each tender scope to comply with the relevant policies and procedures and ensuring retention and withholding tax matters are optimised.
- Initiate appropriate contract, purchase requisition, CWO and Service Entry documents prior to encoding in SAP to comply with business requirements.
- Assist with the preparation of the department budget, tracing and resolving any variances and coordinate budget discussions to deliver budget and forecast.
- Ensure costs are properly classified and that the Capitalization P&P is applied to keep and maintained expenditures within the approved budget and cost allocation.
- Bachelor's degree in Accounting, Business, or Commerce.
- 5 years' experience in a Finance department with demonstrated knowledge of financial systems.
- Familiarity with US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
- Computer literacy including SAP.
- Advanced Level in MS Office Excel and BI.
- High level of analytical skills.
- Ability to work under pressure and in cross functional teams.
- Ability to conduct budgeting and cost control activities in compliance with Company P&Ps.
Vacancy posted 2 days ago
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