Project Accountant

Position Description:

Reporting to the Contracts & Project Controls Manager, the Project Accountant will ensure that project management has a full understanding of the financial performance of the Project. The successful candidate will develop, implement and use accounting systems and procedures to effectively track, manage and record all business transactions and cost allocations on the project.

Specific Responsibilities include:

• Preparing and maintaining project budgets, forecasts, cost reports, project expenditure, invoice summaries and payment schedules etc.
• Managing and carrying out the receipt, attestation and payment of contractor invoices, and ensuring technical service entry approval.
• Managing bank account transactions and cash reconciliation with treasury department.
• Ensuring accruals are calculated and administered correctly.
• Maintaining quality accounting information within the SAP system.
• Maintaining and reporting cash flows and reporting all disbursements/expenses to project management
• Preparing cost analyses of actual expenditures to project budget and forecast
• Preparing monthly cash flow forecast updates for planning purposes
• Assigning project codes to invoices and ensuring timely payment of invoices
• Reviewing and analyzing costs, highlighting unfavorable variances and trends and assisting in identifying areas or items of concern
• Assisting Cost Control as required
• Monitoring the proper follow up on claims and back-charges
• Preparing project reviews, participating in risk mitigation actions and estimates to complete
• Coordinating and initiating project audits, assisting independent auditors with verifying costs and forecasts for project finance obligations
• Ensuring corporate control processes and policies are adhered to

Qualifications/Experience:

The following skills, qualifications and experience are required:

• A Bachelor's Degree in Finance or Economics or equivalent
• Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) designation
• A minimum of 10 years' progressive experience in all aspects of project accounting and cost control in the oil and gas industry, preferably for Mega Projects
• Minimum of 5 years diversified financial and administrative experience in the area of international operations and project management
• Recent experience in offshore deepwater projects
• Excellent knowledge of oil and gas accounting and generally accepted accounting principles (both Western and Chinese GAAP)
• Established network of industry contacts within the offshore community
• Experience in presenting to project management
• High level of attention to detail and arithmetic ability
• Proactive self starter who can see identify gaps in processes and implement solutions
• Ability to build and maintain effective relationships with internal stakeholder and external service providers
• Proven ability to work with a team of high performance cross-functional professionals
• Strong organizational and time management skills
• Excellent written and verbal communication skills
• Strong computer skills with proficiency in Microsoft Office Suite and SAP R3 expertise in FI/CO/MM is required
• Strong leadership skills
• Strong business focus

Company Description: