What are the responsibilities and job description for the Senior Project Accountant position at McDermott International, Ltd?
About us - Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.
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.
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. The Senior Project Accountant impacts a range of customer, operational, project, or service activities with the project accounting team and other related teams and ensures they work within the appropriate guidelines and policies.
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 to ensure all activity is correctly recorded
- Coordinate with project manager and project controls for completion of forecasts and preparation of project finance reports for local & corporate management
- 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. Ensuring that invoices are rendered to clients on time according to contract terms and that project costs are correctly processed and recorded. Responsible for client audit interface.
- Review and analysis of costs charged to the project.
- Provide inputs to any ad‐hoc reporting as required by local and corporate management
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, such as Chartered Accountant, ACCA, CPA, etc.)
- Experience with billing in the Energy & Construction industry
- Knowledge of ERP accounting software
