Senior Project Accountant - Project Finance
Posted date [2026-05-31]
(ID: 45858)
McDermott is a global engineering and construction company delivering advanced solutions for the energy sector. The company focuses on transforming energy resources into essential products through innovative, technology-driven approaches across the full project lifecycle, from concept to decommissioning. With operations in more than 30 countries, McDermott combines a skilled workforce, specialized marine assets, and international fabrication capabilities to support large-scale energy projects. The organization plays a key role in developing efficient, reliable, and sustainable energy infrastructure worldwide.... |
Job Description and Requirements
Senior Project Accountant - Project FinanceJob Snapshot
Role: Senior Project Accountant - Project Finance
Location: Dubai, United Arab Emirates
Industry: Oil and Energy
Function: Accounting-Finance
Experience: 5-7 years
Job Type: Full-time
Position Overview
Senior Project Accountant - Project Finance in Dubai, United Arab Emirates is an Oil and Energy opportunity for an experienced finance professional with strong project accounting, billing, cost control, accounts receivable, intercompany reporting, and ERP accounting knowledge. This role is suited for a detail-focused accountant who can support complex EPCI, construction, and energy projects by ensuring accurate invoicing, reliable financial reporting, healthy project cash flow, and strong internal financial controls.
Job Details
Country: United Arab Emirates
City: Dubai
Industry: Oil and Energy
Function: Accounting-Finance
Salary: 18000-218000
Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer.
Gender: Any
Candidate Nationality: Any
Job Type: Full-time
Role Context
The Senior Project Accountant - Project Finance will play a key role in managing project financial activities across billing, reporting, cash flow monitoring, intercompany balances, accruals, and cost analysis. The position supports project managers, project controls, procurement, subcontracts, and corporate finance teams by ensuring project accounting records are accurate, timely, and aligned with contract terms. This role contributes to better commercial visibility, improved financial control, and stronger project decision-making within a major energy project environment.
Key Responsibilities
* Work closely with project teams to understand contract billing requirements, invoicing milestones, commercial terms, and customer documentation needs.
* Prepare and review customer invoices for third-party clients, ensuring accuracy, completeness, and compliance with contract terms.
* Compile and validate information required to support intercompany project billing and related internal financial processes.
* Confirm intercompany balances and resolve discrepancies through coordination with relevant finance and project stakeholders.
* Prepare unbilled cost accruals to ensure project costs and revenues are recorded in the correct accounting period.
* Generate, review, and verify Executive Summary Reports for intercompany projects to ensure consistency across project financial information.
* Run monthly system audit trail reports and review them for issues linked to business unit classifications or recording errors.
* Prepare and analyze Accounts Receivable Contract Status Reports, Accounts Receivable Aging Reports, and Unapplied Cash Reports.
* Make required adjustments to ensure billing, receivables, collections, and cash application activities are accurately recorded.
* Coordinate with project managers and project controls teams for forecast completion and preparation of project finance reports.
* Support local and corporate management reporting by providing accurate project finance information and timely analysis.
* Work with project managers, project procurement teams, and subcontracts coordinators to prepare, analyze, and maintain healthy project cash flows.
* Maintain internal financial control over assigned projects and ensure costs are correctly processed, coded, recorded, and reviewed.
* Ensure client invoices are issued on time according to agreed contract terms and project billing schedules.
* Act as a finance interface during client audits by supporting documentation, explanations, reconciliations, and project accounting records.
* Review and analyze project costs to identify unusual movements, incorrect charges, missing accruals, or reporting gaps.
* Provide inputs for ad-hoc finance reporting, project reviews, management requests, and corporate reporting requirements.
* Support colleagues with less experience by sharing practical project accounting knowledge and helping improve team discipline.
* Follow applicable accounting guidelines, company policies, internal controls, and project finance procedures.
Ideal Profile
* Bachelor’s degree in Finance, Accounting, or a closely related discipline.
* Relevant professional certification such as Chartered Accountant, ACCA, CPA, or equivalent is preferred.
* 5-7 years of project accounting, billing, finance, or cost reporting experience.
* Experience in oil and gas, EPCI, construction, engineering, or energy project environments is strongly preferred.
* Solid understanding of customer billing, intercompany billing, project accruals, accounts receivable, aging reports, unapplied cash, and project financial control.
* Experience working with ERP accounting software and system-generated financial reports.
* Ability to review project costs, identify accounting issues, and support corrective actions.
* Strong coordination skills with project management, project controls, procurement, subcontracts, finance, and corporate reporting teams.
* Good understanding of contract-based billing, project cash flow management, and client audit requirements.
* Strong attention to detail with the ability to manage deadlines, reconcile data, and maintain accurate project finance records.
* Clear communication skills for explaining project finance matters to technical, commercial, and management stakeholders.
* Ability to work independently while supporting wider project accounting and finance teams.
Skills Set
* Project accounting
* Project finance
* Customer billing
* Contract billing
* Intercompany billing
* Accounts receivable
* Accounts receivable aging
* Unapplied cash reporting
* Cost accruals
* Unbilled cost accruals
* Project cost analysis
* Project cash flow
* Financial reporting
* Executive summary reporting
* Audit trail reporting
* ERP accounting software
* Client audit support
* Internal financial control
* Forecasting support
* Project finance reports
* Cost coding review
* Invoice preparation
* Invoice review
* Intercompany balance reconciliation
* Finance coordination
* Project controls coordination
* Procurement coordination
* Subcontracts coordination
* Oil and gas accounting
* EPCI project finance
* Construction industry finance
* ACCA
* CPA
* Chartered Accountant
Why Join Us
This opportunity is ideal for a Senior Project Accountant - Project Finance who wants to support complex Oil and Energy projects in Dubai while building stronger expertise in EPCI project accounting, billing, cash flow control, and financial reporting. The role offers exposure to large-scale energy projects, contract-driven finance operations, intercompany reporting, client audit interaction, and collaboration with project and corporate teams. It is a strong career move for a finance professional seeking responsibility, stability, and growth within a globally recognized energy engineering business.
About the Company
McDermott International, Ltd is a global engineering, procurement, construction, installation, and project delivery company serving the energy industry. With more than 100 years of experience, the company supports offshore, subsea, onshore, and energy transition projects through integrated engineering knowledge, fabrication capability, marine operations, and disciplined project execution. Its teams deliver complex energy infrastructure across international markets with a focus on safety, sustainability, technical quality, and reliable project performance.
