Sr Assets & Materials Accountant

Job Posting Date: 25 Feb 2026

Work Location: Doha, QA

Company: QatarEnergy LNG

Company

This opportunity is with QatarEnergy LNG, a leading global producer of liquefied natural gas headquartered in Doha, Qatar.

Job Overview

The Senior Assets & Materials Accountant plays a critical role within the finance function, overseeing asset accounting, materials accounting, and spare parts inventory accounting. The position requires a comprehensive understanding of financial reporting, management accounting, taxation considerations, and regulatory compliance, particularly within the oil and gas industry.

The role also involves strong expertise in SAP systems, specifically the Asset Accounting and Materials Management modules, ensuring accurate financial recording, reporting, and system optimization. The successful candidate will be responsible for reviewing, implementing, and enhancing asset and materials accounting regulations while ensuring compliance with corporate policies and international accounting standards.

Core Purpose of the Role

The primary purpose of this position is to conduct, supervise, and continuously improve asset and inventory accounting processes, ensuring financial accuracy, regulatory compliance, and operational efficiency. The role demands a broad financial perspective, covering capital expenditure, project accounting interfaces, asset verification, lease accounting under IFRS, and system controls.

The Senior Assets & Materials Accountant is expected to provide strategic financial insight while maintaining strong control over detailed operational accounting activities.

Key Job Accountabilities – I

Period-End Financial Activities

• Ensure that month-end, quarter-end, and year-end activities are completed in accordance with established guidelines and procedures.

• Take the lead in addressing complex, non-routine, and ad hoc accounting matters.

• Provide recommendations for resolving financial discrepancies or system-related issues.

• Ensure timely and accurate closing processes in compliance with corporate reporting standards.

This responsibility requires advanced analytical capabilities and the ability to manage high-volume financial data under strict deadlines.

Reporting and Reconciliations

• Review statutory and management reports prepared on a monthly, quarterly, and annual basis.

• Advise on complex financial transactions impacting assets and inventory.

• Perform and review complex reconciliations related to fixed assets, spare parts inventory, and capital projects.

• Ensure alignment between financial statements and SAP accounting records.

The role requires deep technical knowledge of financial reporting frameworks and reconciliation methodologies.

Process Development and Control Environment

• Develop and refine processes to address changes in the control and reporting environment.

• Ensure alignment with corporate governance requirements and regulatory standards.

• Prepare internal and external reports, including position papers outlining options and recommendations.

• Review the current SAP configuration and recommend improvements to ensure a robust system landscape.

A key part of this responsibility is strengthening internal controls to mitigate financial and operational risks.

Commercial Agreements and Financial Modeling

• Interface with internal and external stakeholders to obtain complex and sensitive financial information.

• Provide guidance on capital cost recovery under commercial agreements such as ARFSA.

• Develop and review complex financial models to support commercial decision-making.

• Analyze financial impacts of contractual arrangements and ensure proper accounting treatment.

This area requires strong financial modeling skills and the ability to interpret contractual terms within an accounting framework.

System and Performance Monitoring

• Monitor day-to-day financial performance within the asset and materials accounting function.

• Identify opportunities for process enhancement or system improvements.

• Contribute to the development of financial systems and accounting procedures.

Continuous improvement is a central element of this role, particularly in optimizing SAP modules and reporting mechanisms.

Key Job Accountabilities – II

Project Accounting Coordination

• Coordinate with Project Accounting to ensure timely completion of project close-out activities.

• Ensure capital projects are properly capitalized and transferred to fixed assets in accordance with accounting standards.

• Verify accurate classification of capital versus expense items.

Effective coordination ensures that capital expenditure is recorded correctly and supports accurate depreciation calculations.

Policy Implementation and Asset Accounting

• Provide finance input for projects within defined terms of reference.

• Implement policy and process changes related to Asset Accounting.

• Ensure compliance with corporate and IFRS requirements in asset recognition, measurement, and depreciation.

The role demands strong knowledge of asset lifecycle management and regulatory compliance.

Asset Verification

• Coordinate the asset verification process with Asset Managers.

• Ensure physical verification aligns with accounting records.

• Address discrepancies through investigation and corrective action.

• Maintain compliance with corporate asset control policies.

Asset verification strengthens financial accuracy and reduces risk of misstatement.

Lease Accounting Under IFRS

• Manage accounting for capital lease arrangements, including rigs, residential properties, and other leased assets.

• Ensure compliance with IFRS requirements related to lease accounting.

• Calculate right-of-use assets, lease liabilities, and depreciation schedules.

• Provide guidance on lease classification and financial statement impact.

Given the asset-intensive nature of the oil and gas industry, lease accounting accuracy is essential.

Team Leadership and Development

• Train and develop team members within the Assets & Materials accounting function.

• Set performance objectives and provide structured feedback.

• Encourage professional growth and technical excellence.

• Foster a culture of accountability and continuous improvement.

Leadership in this role combines technical mentorship with performance management responsibilities.

Required Qualifications

Candidates must possess one of the following:

• Bachelor’s degree in Accounting, Finance, Economics, or a related commercial discipline, or

• Bachelor’s degree in any discipline along with an internationally recognized professional accounting qualification such as ACA, ACCA, CA, CFA, CIMA, CMA, or CPA.

These qualifications demonstrate strong technical and professional competence in accounting and finance.

Experience Requirements

• Minimum of 5 years of experience in a finance function within the Oil & Gas industry.

• Strong knowledge of SAP and accounting systems.

• Experience in asset accounting, materials management, and inventory control.

Industry-specific experience is critical due to the complexity of capital-intensive operations in oil and gas.

Technical Competencies

The successful candidate should demonstrate:

• Advanced knowledge of IFRS and asset accounting standards.

• Strong understanding of inventory accounting and spare parts management.

• Expertise in SAP Asset Accounting and Materials Management modules.

• Financial modeling and analytical skills.

• Experience in statutory and management reporting.

• Strong internal control and compliance awareness.

Behavioral Competencies

• Strong attention to detail and analytical thinking.

• Ability to manage multiple priorities under tight deadlines.

• Effective communication with both financial and non-financial stakeholders.

• High ethical standards and commitment to financial integrity.

• Leadership and mentoring capability.

Strategic Importance of the Role

In a capital-intensive industry such as LNG production, accurate asset and materials accounting directly impacts financial reporting, operational efficiency, and regulatory compliance. Misstatements in asset valuation or inventory balances can significantly affect profitability, tax obligations, and stakeholder confidence.

The Senior Assets & Materials Accountant ensures that financial records accurately reflect operational realities, supports commercial decision-making through financial modeling, and strengthens internal controls within a complex SAP environment.

Career Development Opportunities

This position offers a strong pathway toward senior finance leadership roles, including:

• Finance Manager

• Head of Asset Accounting

• Financial Controller

• Senior Manager – Finance Systems

• Director of Finance

The exposure to large-scale capital projects, IFRS compliance, and SAP system optimization enhances both technical and strategic financial expertise.