Senior Project Accountant
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Key skills for this role
About the Role
McDermott is seeking a Senior Project Accountant to manage project accounting for oil and gas, EPCI, or construction projects. The role involves billing, cost analysis, financial reporting, and collaboration with project teams.
Key Skills for This Role
Responsibilities
- Work with project teams to understand billing requirements in the contract
- Prepare and review customer invoices for third party customers
- Prepare information needed to support intercompany project billing
- Confirm intercompany balances
- Prepare unbilled cost accruals
- Generate and review Executive Summary Reports for intercompany projects
- Run monthly system reports and adjust as necessary
- Coordinate with project manager and project controls for forecasts and project finance reports
- Work with project manager, procurement, and subcontracts to maintain healthy project cash flows
- Maintain internal financial control over the project
- Review and analysis of costs charged to the project
- Provide inputs to ad hoc reporting as required
Requirements
- 5 7 years of experience in oil and gas, EPCI, or construction industry
- Bachelor's degree in Finance and Accounting
- Relevant certification (Chartered Accountant, ACCA, CPA, etc.)
- Experience with billing in the Energy & Construction industry
- Knowledge of ERP accounting software
Full Job Posting
Job Overview
- The Senior Project Accountant uses best practices and knowledge of internal or external issues to improve the project accounting discipline within McDermott.
- They will act as a resource for colleagues with less experience and share their conceptual and practical expertise related to the project accounting discipline.
- The Senior Project Accountant solves complex problems and uses discipline specific knowledge to improve their products or services.
Key Tasks and Responsibilities
- Work with project teams to understand billing requirements in the contract
- Prepare and review customer invoices for third party customers
- Prepare information needed to support intercompany project billing
- Confirm intercompany balances
- Prepare unbilled cost accruals
- Generate and review Executive Summary Reports for intercompany projects and verify alignment between intercompany project information
- Run monthly system reports (audit trail reports) and review for issues related to business unit types
- Run Accounts Receivable Contract Status Report, Accounts Receivable Aging Report, and Unapplied Cash Report and adjust as necessary
- Coordinate with project manager and project controls for completion of forecasts and preparation of project finance reports
- Work with project manager, project procurement, and subcontracts coordinator to prepare, analyze and maintain healthy project cash flows
- Maintain internal financial control over the project
- Review and analysis of costs charged to the project
Essential Qualifications and Education
- 5 7 years of experience, ideally in oil and gas, EPCI, or construction industry
- Bachelor's degree in Finance and Accounting required and relevant certification (Chartered Accountant, ACCA, CPA, etc.)
- Experience with billing in the Energy & Construction industry
- Knowledge of ERP accounting software
About Us
- Our ingenuity fuels daily life. Together, we've forged some of the most trusted partnerships across the energy value chain.
- For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
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