Project Analyst (Project Accounting, Project Progress Review)
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Key skills for this role
About the Role
NOV seeks a Project Analyst to support financial and operational performance of projects through accounting, cost control, forecasting, and progress reporting. Requires 5+ years of experience in project accounting within Oil & Gas, EPC, manufacturing, or engineering sectors.
Key Skills for This Role
Responsibilities
- Prepare monthly Project Progress Reviews (PPRs) including cost, revenue, margin, and forecast analysis
- Monitor project budgets, committed costs, actual costs, and estimate to complete (ETC)
- Maintain project forecasts and support month end financial reporting and accruals
- Track project invoicing, collections, and outstanding receivables
- Support project close out activities including financial reconciliation and system closure
- Prepare project performance dashboards and management reports
- Maintain project KPIs, risk registers, contingency utilization, and change order logs
- Monitor project schedules and ensure alignment between financial and operational progress
- Analyze project performance variances and provide recommendations to Project Managers
- Coordinate project budget setup following contract award
- Maintain project documentation including variation orders, Letters of Credit, Performance Bank Guarantees, warranties, and contract records
- Support monthly project review meetings and management presentations
Requirements
- Bachelor's/Master's degree in Finance, Accounting, Business Administration or related discipline
- 5+ years of experience in project accounting, project controls, project finance, or project support within Oil & Gas, EPC, manufacturing, or engineering sectors
- Experience in project budgeting, cost control, forecasting, and project financial reporting
- Proficiency in ERP systems (e.g., JDE, SAP, Oracle, Primavera) and advanced Microsoft Excel
- Experience with reporting tools (desirable)
- Strong proficiency in Microsoft Excel and PowerPoint (desirable)
- Knowledge of project management principles and Work Breakdown Structures (WBS) (desirable)
- Familiarity with contract administration and change management processes (desirable)
Full Job Posting
Job Summary
- The Project Analyst supports financial and operational performance of projects by providing accurate project accounting, cost control, forecasting, and project progress reporting.
- Works closely with Project Managers, Finance, Procurement, and Operations to monitor project performance, maintain project financial data, track risks and change orders, and ensure timely reporting.
Key Responsibilities Project Accounting & Cost Control
- Prepare monthly Project Progress Reviews (PPRs) including cost, revenue, margin, and forecast analysis.
- Monitor project budgets, committed costs, actual costs, and estimate to complete (ETC).
- Maintain project forecasts and support month end financial reporting and accruals.
- Track project invoicing, collections, and outstanding receivables.
- Support project close out activities including financial reconciliation and system closure.
- Prepare project performance dashboards and management reports.
- Maintain project KPIs, risk registers, contingency utilization, and change order logs.
- Monitor project schedules and ensure alignment between financial and operational progress.
- Analyze project performance variances and provide recommendations to Project Managers.
- Coordinate project budget setup following contract award.
- Maintain project documentation including variation orders, Letters of Credit (LC), Performance Bank Guarantees (PBG), warranties, and contract records.
- Support monthly project review meetings and management presentations.
Essential Qualifications
- Bachelor's/Master's degree in Finance, Accounting, Business Administration or a related discipline.
- 5+ years of experience in project accounting, project controls, project finance, or project support within Oil & Gas, EPC, manufacturing, or engineering sectors.
- Experience in project budgeting, cost control, forecasting, and project financial reporting.
- Proficiency in ERP systems (e.g., JDE, SAP, Oracle, Primavera) and advanced Microsoft Excel.
Desirable Qualifications
- Experience with reporting tools.
- Strong proficiency in Microsoft Excel and PowerPoint.
- Knowledge of project management principles and Work Breakdown Structures (WBS).
- Familiarity with contract administration and change management processes.
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