Senior Project Accountant

2 weeks ago

Abu Dhabi, Abu Dhabi, India yokogawa electric corp ltd- saudi arabia Full time ₹ 20,00,000 - ₹ 25,00,000 per year
Job Description

Not just a job, but a career

Yokogawa, award winner for Best Asset Monitoring Technology and Best Digital Twin Technology at the HP Awards, is a leading provider of industrial automation, test and measurement, information systems and industrial services in several industries.

Our aim is to shape a better future for our planet through supporting the energy transition, (bio)technology, artificial intelligence, industrial cybersecurity, etc. We are committed to the United Nations sustainable development goals by utilizing our ability to measure and connect.

About the Team

Our 18,000 employees work in over 60 countries with one corporate mission, to "co-innovate tomorrow". We are looking for dynamic colleagues who share our passion for technology and care for our planet. In return, we offer you great career opportunities to grow yourself in a truly global culture where respect, value creation, collaboration, integrity, and gratitude are highly valued and exhibited in everything we do.

Qualifications
  • Bachelor's degree in Accounting or Finance or degree in related field
Experience
  • 15 years of experience in any engineering company worked as Project Accountant
Key Responsibilities & Accountabilities Project Commercial Summary
  • Review Purchase Orders (PO), Release Orders (RO), Work Orders (WO), and MAC agreements upon receipt. Prepare a commercial summary covering:
    • Supply and service scope milestones
    • Contract expiry
    • Liquidated Damages (LD) terms
    • Bank Guarantee (BG) requirements
    • Letter of Credit (LC) terms
    • VAT, customs duties, and commercial risks
  • Obtain approvals for the commercial summary from Project Managers (PMs) and Department Head.
Bank Guarantees (BGs)
  • Initiate and finalize BG draft approval in coordination with the Customer and Finance Department. Request BG issuance and follow up with Finance for the original BG. Submission of BG to the Customer. Track BG expiry and follow up with the Customer for BG return. Return expired BGs to Finance and ensure system closure. Review BG extension requirements with PMs and initiate timely renewals.
Letter of Credit (LC)
  • Follow up with the Customer for LC draft and finalize it. Ensure timely establishment of LC. Submit documents as per LC requirements. Follow up with the Customer for LC approvals.
Customer Billing Supply Scope
  • Finalize billing forecast with PMs. Coordinate billing breakdowns for multiple dispatches. Follow up with PMs for timely billing requests. Ensure all supporting documents are available before billing. Prevent internal rejection of billing requests. Ensure invoices are not rejected by the Customer. Reconcile invoices and payments for POs exceeding USD 3 million. Conduct monthly DSO review and highlight top 10 projects with unbilled ST.
Customer Billing Site Services Scope
  • Ensure completion of site services billing by the 10th of each month. Verify sufficient PO coverage for billing. Ensure site Time Sheets (TS) and unit rate calculations align with agreed site PO terms. Prepare and submit monthly report to YUAE Management, covering:
    • Site PO coverage
    • Completed billing
    • Remaining billing coverage
    • Any disputes
Accounts Receivable (AR)
  • Submit monthly AR forecast to YMA after review with all PMs. Conduct daily AR review meetings with PMs, Department Head, and BU Head. Update AR status and required actions during AR meetings. Follow up with Customers to ensure timely receipt of payments.
General Responsibilities
  • Maintain professional email and letter communication with Customers for AR follow-ups, BG submissions, and LC submissions. Lead AR meetings and present payment status to Division Head. Collaborate effectively with internal teams including Logistics, Sourcing, and Finance. Meet with Customers to strengthen relationships and enhance collaboration.

Yokogawa is an Equal Opportunity Employer. Yokogawa wants a diverse, equitable and inclusive culture. We will actively recruit, develop, and promote people from a variety of backgrounds who differ in terms of experience, knowledge, thinking styles, perspective, cultural background, and socioeconomic status. We will not discriminate based on race, skin color, age, sex, gender identity and expression, sexual orientation, religion, belief, political opinion, nationality, ethnicity, place of origin, disability, family relations or any other circumstances. Yokogawa values differences and enables everyone to belong, contribute, succeed, and demonstrate their full potential.

Are you being referred to one of our roles? If so, ask your connection at Yokogawa about our Employee Referral process

Locations
  • Abu Dhabi

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