Cost Recovery & Reconciliation Accountant

Jop Purpose: The Cost Recovery & Reconciliation Accountant ensures eligible costs are accurately identified, allocated, reconciled, and recovered in accordance with the SGM–EMRA partnership arrangements, IFRS requirements, and SGM financial control standards. The role prepares cost recovery statements and supporting evidence, performs regular balance sheet and control account reconciliations, resolves variances and partner/auditor queries, and supports month-end close, reporting, and audit readiness. By working closely with operations and projects, the role strengthens cost visibility, reduces financial risk, and improves the timeliness and completeness of cost recovery outcomes.Job Description:Operational / Technical / Core DutiesCost Recovery Cycle ExecutionPrepare periodic cost recovery statements and schedules in line with SGM–EMRA agreement rules to enable accurate partner billing.Validate cost coding, cost center/WBS allocation, capitalization, and cut-off to ensure eligibility and correct period reporting.Compile supporting evidence packs and maintain traceability from source documents to submitted schedules.Reconciliations & Variance ResolutionPerform monthly reconciliations for partner/intercompany, recovery receivable, accrual, and clearing accounts to maintain ledger integrity.Investigate reconciling items, coordinate correcting actions with relevant teams, and track closure to reduce aged items and repeat variances.Cost Analysis & Reporting SupportAnalyze allocation drivers and spend trends to identify non-recoverable items, recovery opportunities, and process improvements.Support month-end close and reporting by providing reconciled schedules and variance narratives for management and partner reporting.Health, Safety & Environmental (HSE) / Compliance DutiesGovernance & Control ComplianceApply SGM financial controls (approvals, segregation of duties, documentation standards) to maintain compliant processing and audit trails.Ensure accounting treatments and submissions align with IFRS and statutory requirements, escalating exceptions promptly.Audit & Partner Query ManagementRespond to external, governmental, and partner audit requests with reconciled schedules and complete evidence within agreed timelines.Maintain audit/query logs and support corrective action closure for findings related to cost recovery and reconciliations.Financial / Budget / Asset / Resource Management (if applicable)Recovery Value & Aging ControlTrack submitted, approved, and collected recoveries; maintain accurate receivable balances and aging status.Escalate overdue/disputed items with clear root-cause and recommended next actions to support timely settlement.Allocation Discipline SupportSupport consistent cost allocation across cost centers/WBS structures to protect recoverability and reporting integrity.Provide recovery trend inputs to budgeting/forecasting discussions as required.Job Requirements :Education & CertificationsBachelor’s Degree in Accounting, Finance, or related discipline (or equivalent).Required: IFRS certification.Preferred: Professional accounting qualification or progress toward CMA, CPA, ACCA.Preferred: Training in internal controls, audit support, and SAP FI/CO reporting.Work Experience3–5 years’ experience in accounting/finance roles with responsibility for account reconciliations, variance investigation, and audit support.Experience with cost allocation and partner/intercompany accounting in mining, energy, or heavy-industry environments is preferred.Proficient in ERP systems (SAP preferred) and advanced Excel for reconciliation schedules and analytics.Technical Skills & KnowledgeKnowledge of SGM–EMRA cost recovery rules, eligibility criteria, and documentation requirements.IFRS principles relevant to cost classification, capitalization, cut-off, and disclosure.Balance sheet reconciliation and control account governance (aging and clearing controls).Internal control requirements: approvals, segregation of duties, audit trail, and record retention.SAP FI/CO structures and reporting for GL, cost centers, and WBS.Technical Skills:Prepare cost recovery schedules reconciling to GL balances and source documents.Perform structured account reconciliations and execute corrective actions via approved journals.Extract and validate SAP reports and datasets for close, recovery, and audit support.Develop reconciliation schedules and analyses in advanced Excel (pivots, lookups, validation).Track recoveries, disputes, and aging to support settlement follow-up and reporting accuracy.Soft Skills & BehaviorsAnalytical Thinking: Investigates variances, identifies root causes, and recommends corrective actions.Communication & Documentation: Writes concise reconciliation narratives; escalates issues with clear impact.Stakeholder Collaboration: Works effectively with cross-functional teams; supports partner/auditor dispute resolution.Integrity & Attention to Detail: Maintains accurate records, ensures completeness and correctness of schedules and evidence.Planning & Delivery Under Deadlines: Manages multiple tasks to meet close, submission, and audit timelines.Continuous Improvement Mindset: Identifies recurring reconciliation issues and proposes practical process enhancements.Language RequirementsArabic: Professional proficiency (Business/Technical) – used for reporting, documentation, and cross-functional communication.English: Professional proficiency (Business/Technical) – used for reporting, documentation, and partner/vendor interaction.Other RequirementsHigh proficiency in Microsoft Excel and strong ERP discipline.Ability to handle confidential information with professionalism and ethical conduct.Willingness to travel to site or partner offices as required to support audits and reconciliations.