The Role

Project Accounting Functions:
- Creates new projects and programs in the PA module and ensure complete project details are entered in the system and approved documents are attached accordingly. 
- Enters and modifies project budget allocation at the task level while maintaining an audit trail on the budget reallocation approvals.
- Provides and activates correct project expense codes (POET) for Requisitions and Progress Payment Certificate (PPC) requests from relevant parties.
- Provide accurate monthly project status report to Management.
- Review project spending monthly and highlight projects with no expenditure over 6 months. 
- Approves requisition and PPC requests.
- Prepares the Fund Reconciliations for all Government-funded projects to ensure correct grant allocation and booking of cost incurred for the project.
- Analyses the project costs of all completed commercial-funded projects for the Asset Capitalization process.
- Prepares quarterly PA-GL Reconciliation and process required adjustment if necessary, to make sure that the Project Accounting module is in line with the General Ledger.
- Participates in the Project Accounting month-end or period closing process.
- Assists in the Lot Cost allocation, Cost of Sales and Project Overhead Allocation processes as and when required.
- Prepares project status reports as required by the project stakeholders.
- Prepares and update the Project Accounting processes and workflows.
- Conducts trainings for new joiners within the Project Accounting team.

Audit (Internal and External)
- Liaises with external auditors/ internal auditors/ government auditors for interim review and year-end audit requirements and assists on queries.
- Prepares schedules on Government funding and utilization by project.
- Prepares cost details by project by supplier or task.
- Prepares Cost of Sales schedule on all completed Commercial projects and answer queries on COS, IP, DWIP and CWIP movements during the year/period.

Requirements

To support the project sponsor in the financial management of individual projects by utilizing cash flow models as well as gather and reconcile information from matrix team to prepare and manage the project financial system.

Minimum Qualifications:
- Bachelors degree in Finance/Accountancy 
- At least 7 years of experience in project accounting or relevant field.

Core Competencies: 
- Accounting
- Budgeting
- Financial Forecasting
- Financial Management
- Interpersonal Sensitivity
- Organisational Awareness
- Teamwork

Knowledge and Skill Requirements:
- Accounting, Budgeting, Financial Forecasting, Financial Management, Interpersonal Sensitivity, Organizational Awareness, Oracle financials, Teamwork

About the Company

Tourism Development & Investment Company (TDIC) was created to manage the development of real estate assets held by the government of Abu Dhabi, and granted to the Abu Dhabi Tourism Authority (ADTA), with the primary objective of supporting efforts to increase tourist and business visitor numbers over the coming decade.

Through the identification, development, positioning and creation of unique destinations and experiences, TDIC’s goal is to work together with the public and private sectors to develop a sustainable tourism portfolio which embraces all aspects of Abu Dhabi’s heritage and culture while protecting its natural resources.

TDIC develops strategic partnerships with brand leaders to focus on delivering quality-driven service and products at all stages of project management, from initial design recommendations through to international marketing plans.

Oksana Rakhal

Recruiting Manager

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