Project Close-Out Controller, Dubai, UAE

Project Close-Out Controller, Dubai, UAE

The offer has expired.

You as a Project Close-Out Controller will be a part of the power grids division which is a global leader in turnkey power projects and will be based in Dubai, UAE. The power grids division delivers solutions across the power value chain. This includes system solutions for power generation, transmission technologies, substations and distribution technologies for network management.

Tasks:

Your main responsibilities will include:-

1. Supervise, control, monitoring and support the project and HBU controller team for the following functions:

A) Cost control
(A1). Compile information and calculate the hourly cost performance and financial ratios.
(A2).Compile information and calculate ratios associated to Risk Management and Project Opportunities.
(A3). Compile information about deviations with respect to the Project Original Budget.
(A4). Close the Project in SAP to avoid further inputs. To include invoices from vendors/subcontractors pending to be recorded, the assigned accountant shall notify PM who will open the Project while the invoice is recorded and will close the Project again.
(A5). Follow-up, until approved and closed, Change Orders and Claims.

B) Controlling, financing, accounting
(B1). Complete invoicing to Client.
(B2). Return all guarantees sent by vendors and subcontractors, once they have complied with all their contractual obligations, previous approval of the Project Manager.
(B3). Close all pending payments to vendors and subcontractors.
(B4). Do the accounting close-out of the Project (at the subsidiary, if it exists, or in LPG/HBU), thereby including the corresponding accounts closing.
(B5). Final reports issue, including the financing interests obtained during the Project, if any, and including the Cash-Flow curves.
(B6). Administrative close-out of the Project.
(B7). Close-out of petty cash at the Construction Site once all necessary local payments have been made.
If applicable, liquidate and de-register at official entities the corporate vehicle (subsidiary) created to handle construction. Legal Department support.

C) Project administration, acceptance of the works
(C1). Submit requested documentation to release the Client from any burden or claim (if it is demanded by the contract).
(C2). Provide Tax Settlement certificates (if it is demanded by the contract).

D) Project administration, banking guaranties
(D1). Receipt of the Warranty Bond by all of vendors and subcontractors (if applicable).
(D2). Recovery of the Banking Guarantee and review in every step of the project close-out (Provisional Acceptance, close of the guarantee period…).
(D3). Recovery of the Performance Bond.
(D4). Recovery of the Down Payment Guaranty.
(D5). Delivery to the Client the certificates issued by the country's tax authorities.
(D6). Recovery of the Retention Bond.
(D7). Delivery to the Client the certificates issued by the country's labour authorities.
(D8). Recovery of the Labour Guaranty.
(D9). Recovery of the Warranty Bond.
(D10). Return of original bonds to issuing financial entity for the corresponding cancellation.

E) Billing, collections and payments
(E1). Once the Provisional Acceptance has been received, issue the Pending Collections and Payments Report by currency.
(E2). Prepare a Project Cash flow based in the Pending Collections and Payments Report.
(E3). Issue of any payment certificate left to the Property.
(E4). Submit settlement application and invoices for any Pending Change Order.
(E5).Issue time sheets and submit invoices monthly during Pre-Commissioning, Commissioning and Start-up (if applicable).
(E6). Submit spare parts invoices (if applicable).
(E7). Submit Pending Invoices and the final Invoice to the Client.
(E8). Issue of invoices for retention recovery (if it is requested).
(E9).Billing close-out with all subcontractors and vendors.
(E10). Obtain, from the Client, the return of all retentions planned in the contract.
(E11). Perform all payments to Tributary Agency/Social Security/Public Administrations.

F) Coordination with legal department, insurances
(F1).Assure the extension of the insurance policies signed for the Project, while guarantees keep in force.
(F2). Deliver a copy of the Provisional Acceptance and Definitive Acceptance of the SS to the Legal Department, as well as the final value of the Project.
(F3). Once the guarantee period is finished, cancel the insurances.

2. Prepares a check estimate when required.

3. Monitors progress of all controlling activities on the project close-out.

4. Analyses data and forecasts provided by project teams.

5. Maintains overall cost control.

6. Prepares input for and controls the preparation of progress reports for the total project close-out portfolio.

Requirements:

Ideally you should be having a Bachelor’s or Master’s degree in Finance, Accounting or Business related field with 5 years of work experience in Finance, Accounting or Project Management with minimum of 3 years of project Close out activities or project accounting experience.

Additional information

Please note: ABB reserves the rights to withdraw this job publication at any given time.

Location:
Dubai, Generic, Utd.Arab Emir.
Contract type:
Regular/Permanent
Business unit:
Grid Integration
Date posted:
2017-10-17
Job function:
Finance
Publication ID:
AE60916158_E3

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees www.abb.com

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