Project Accountant - Contract | Accountant in Engineering Job at Wood in Houston TX | 7264969352

Wood PLC

This listing was posted on Wood PLC (via Broadbean).

Project Accountant - Contract

Location:

Houston, TX

Description:

RESPONSIBILITIES * Primary Finance focal point to support Consulting business lines. * Responsible for month end close activities for the designated business lines, including revenue and costs accruals, gross margin analysis, balance sheet reconciliations, preparation of month end financial package and presentation to business line leadership. * Understand the financial information contained within the commercial agreements, agreed rates and required approvals * Provide project accounting assistance at kick off meetings and monthly project review meetings * Work with Project Controls to ensure each project is set up to capture the structure correctly i.e. in Lump sum contracts, Revenue recognition points, Billing milestones * Review Project costs in the month and make necessary accruals for missing costs * Review variation Orders (VO's) and potential VO's confirming the accounting with regards to their status & probability of them being awarded by the client * Ensure we are meeting the conditions for revenue recognition and billing milestones and ensuring we are accounting for the Revenue milestones vs cash milestones appropriately * Account for the Impact of FX on each of the projects. For all non-functional currency projects on - understanding what is the cost to the business and improve our hedging activities * Maintain visibility over all costs incurred; pass through costs, and, passing them through timely * Maintain visibility over amounts unbilled and work with billing specialists to get invoices out in a timely manner * Accounting for costs that have not yet been received on the project (maintaining margins) in accordance with the project CTR / activities * Margin analysis, Cost rate vs Sell rate explaining mix and volume variance * Accounting from a full project forecast to the end of the job compared to "As sold" * Contingency analysis - Understanding what we have to work with in the project and accounting for contingency when releases or increases are due * Preparation of Budgets and Forecasts for assigned service lines. #LI-HybridQUALIFICATIONS * Bachelor's degree in Accounting, Business, Economics or related field required; Master's degree an asset * Professional Qualifications in Accounting (CA) required, CPA or CMA designations an asset * Minimum of seven (5) five years experience and a proven track record in full-cycle accounting, ideally in an Engineering Consultancy firm or Oil & Gas project environment * Experience working with ERP systems - Oracle and HFM. * Strong numerical and analytical skills, combined with a strong understanding of Microsoft Excel (pivot tables and V - lookups) * Excellent time-management skills, to be able to meet month end reporting deadlines * Self-motivated with ability to work independently as well as with a variety of professionals in a team environment * Strong communication skills (both written and spoken) in English, with the ability to produce high quality monthly reports * Organized and able to provide real time information quickly to stakeholders or Project Managers * Proven ability to influence and explain project accounting principles to non-finance person

Company:

Wood

Posted:

May 9 on Broadbean

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