Project Accountant
John Wood Group PLC
5d ago

Overview / Responsibilities

Provide oversight and assurance for accurate and comprehensive capture, invoicing and reporting of project results. Ensures and oversees the accuracy of the overall financial and related information being recorded in the general ledger and in billings to clients.

Manages the billing and collection process to and with clients, resolves questions on a timely basis. Plans and executes month-

end close processes. Prepares reviews, analyzes and communicates project financial results to finance, customers and key stakeholders.

Responsible for the elimination, streamlining, standardization and automation of processes and procedures, in that order.

Works closely with all project team disciplines. Participates with project team in understanding projects, deliverables, and plans.

Provide contract, accounting / finance, and business interpretation and advice to team. Incorporates project plans into corporate forecasts. Understands PM system.

  • Ensure proper matching, cut-offs, accruals and any necessary management estimates are recorded to accurately reflect the activity undertaken during the period.
  • Ensure project accounting timelines align with corporate requirements.

  • Assist in the determination and resolution of differences between the financial system and project management system.
  • Adherence to finance, accounting and other policies, IFRS, contracts with Clients and established and agreed to finance business practices and protocol.
  • Provide oversight, and assurance on billings to clients for comprehensiveness and completeness, adherence to contracts and other applicable terms and conditions.
  • Ensure appropriate back up is provided and recorded for all billings.

  • Steward the resolution of all billing enquiries, facilitate timely resolution of issues, monitor client payments and receivables and manage issues related to ensure recoveries are maximized and cash receipts are timely.
  • Actively seek with internal and external stakeholders value of work done (VOWD) for accrual purposes. Assure and document information received.
  • Prepare and review journal entries before submissions for accuracy and adequacy of supporting documentation.

  • Provide staff and project team with appropriate contract interpretation from primarily a finance, accounting and billing perspective and be able to understand all aspects of the contract and the interplay between its components.
  • Maintain the Financial Risk Register for the project, engage all decision makers and participants in the risk management process.
  • Coordinate and work with internal and external auditors to achieve successful audits of the consolidated financial statements, internal control structures and various operations.
  • Ensure control deficiencies noted during audits or in the review of other business processes are cleared and addressed.

  • Review complex and unusual transactions to ensure compliance with the contract, generally accepted accounting principles and corporate accounting policies.
  • Verify annual and monthly budget projections for project expenses, taxes, depreciation, etc., and analyze and explain variances on a monthly basis.
  • Assist in the development of Project financial plans.

  • Contribute to performance management, assist management with gap analysis, gap closure, training & development for the team.
  • Assist in implementation of applicable department policies, systems and procedures, utilizing standards or global polices, or best in class or while ensuring that productivity levels are met and maintained.
  • Adhere to the organization’s environmental, health & safety, recycling, sustainability efforts and quality assurance policies and standards, as well as all governing legislative requirements.
  • Provided support to other teams when in need
  • Perform any other duties as required such as unstructured issue identification and solution development.
  • Attest and administer, and seek approval of rate changes per contractual terms.
  • Develop proficiency and enhance advanced user skills in financial and project management software including : Great Plains, Penta, Oracle, Hyperion, Excel and Convero
  • Work directly and closely with the project team, support departments, the client and corporate accounting.
  • Skills / Qualifications

  • Bachelor’s degree in Accounting or Finance.
  • Minimum three years of Accounting / Finance experience
  • Two years of project accounting experience
  • CPA preferred.
  • Knowledge Skills & Experience :

  • In-depth understanding of reporting requirements and regulations in accordance with IFRS.
  • Possesses and applies extensive knowledge in Accounting and Finance in order to ensure project runs efficiently, meets goals, etc.
  • Knowledge of computerized accounting systems and system implementation experience..
  • Strong analytical and problem-solving skills with excellent attention to detail
  • Proficient computer skills with Microsoft Office (advanced excel), ERP systems, etc
  • Personal attributes :

  • Present ideas succinctly & successfully, utilizing effective negotiation and persuasion skills
  • Effectively deal and communicate with other disciplines and levels in the organization
  • Maintain a positive can do’ attitude and a willingness to take on action &responsibility
  • Work to deadlines and to be self-reliant with excellent time management and organizational skills;
  • Establish & maintain excellent working relationships in the business and with key stakeholders
  • Balance dual reporting relationship and expectations, demands & priorities without conflict.
  • Company Overview

    Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets.

    We operate in more than 60 countries, employing around 60,000 people, with revenues of over $10 billion. We provide performance-

    driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors.

    Diversity Statement

    We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-

    exhaustive list) : race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.

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