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Officer - Reporting (Assets Capitalization)

  • Job reference: 914193
  • Location: Qatar
  • Salary: Negotiable
  • Job type: Contract
  • Sector: Construction & Infrastructure
  • Date posted: 16/05/2017

Job Title: Officer - Reporting (Assets Capitalization)
Reports to: Senior Officer - Financial Reporting
Department: Accounting and Reporting
Directorate: Finance

Conduct detailed cost analysis to estimate assets value in MDD. Prepare assets capitalization report as per the stakeholders' requirements

Key Performance Indicators:

Timeliness in generating reports (# of days late in submitting reports / # of reports submitted)
imeliness in cost analysis (Actual vs planned)

Internal Processes
Reconciliation reports (total # of discrepancies)

Capabilities & Learning
Trainings attendance (# of training days per year)


Gather, review and analyze BOQ, Variation orders, Engineer Instructions for Contractors/Consultants Instruction to proceed and claims of each package
Identify the property to which the BOQ's, VO's & EI's/CIP's are related and charge the related cost, segregate the cost to the respective components as per the asset capitalization template
Reconcile and match the estimated final cost with the amount recorded in General ledger for each package
Allocation of direct, common and incidental costs to the assets and documenting the cost allocation basis and assumptions to provide an audit trail
Identify costs related to project construction in the general ledger that are not reflected in the Cost Consultant's package report such as project team/consultant's travel cost, utility charges, technical service fees paid to Hotels' operators etc. and to be able to justify the allocation method for these expenses and do the allocation to assets accordingly.
Allocation of borrowing cost and payroll capitalization to the assets
Research on useful life of each component of specialized assets such as Automated Waste Collection System, Gas Plant etc.
Update the changes in estimated final cost based on the updated Typology submitted by the Executive Cost Consultant
Final Account reconciliation of all packages in the below format:
Final cost incurred vs cost assigned to assets in the capitalization report
Highlight and propose the treatment for the reconciling items above
Prepare and upload in ERP the details of capitalized assets in component level based on the asset capitalization report

Continuous Improvement
Identify opportunities for continuous improvement to enhance performance and quality of work with a view of stakeholders' expectations.

Health, Safety & Environment
Follow all relevant safety, quality and environmental management policies, procedures and controls to guarantee employee safety, legislative compliance, delivery of high quality products/services and a responsible environmental attitude.

Frameworks, Boundaries, & Decision Making Authority:
The Officer - Reporting (Assets Capitalization) reports to the Senior Officer - Financial Reporting and confers with the latter on critical and strategic issues.
Key decisions having significant impact on the Reporting function are referred to the Senior Officer - Financial Reporting for approval before implementation.
The jobholder exercises financial authority as per the level established by the company management.

Qualifications, Experience, & Skills:

Minimum Qualifications:
Engineering qualification with QS background or accounting background with experience in capitalization of big scale project

Minimum Experience:
5 - 7 years of experience in Asset capitalization analysis and reporting in large real estate projects

Job-Specific Skills:
Experience in complex asset capitalization costing and reporting in real estate industry
Knowledge of and ability to apply international accounting standards and ERP systems
Vigilance and attention to detail with strong time management capabilities
Strong analytical skills

Our role in supporting diversity and inclusion
As an international workforce business, we are committed to sourcing personnel that reflects the diversity and values of our client base but also that of Orion Group. We welcome the wide range of experiences and viewpoints that potential workers bring to our business and our clients, including those based on nationality, gender, culture, educational and professional backgrounds, race, ethnicity, sexual orientation, gender identity and expression, disability, and age differences, job classification and religion. In our inclusive workplace, regardless of your employment status as staff or contract, everyone is assured the right of equitable, fair and respectful treatment.