Project Accountant

Wood
Overview / Responsibilities

Wood is currently looking for a Project Accountant to join our Aberdeen team.

The position will be available on a hybrid model split between the Aberdeen office and working from home.

The Role

The Project Accountant will be responsible for effectively managing all aspects of contract finance ensuring all accounting activities are undertaken in a timely and accurate manner for the contract covering invoicing, month end close, budget/forecasting, internal reporting of monthly financials and completion of profit & loss / balance sheet reconciliations.

This role will be ideal for an indivdual with previous project accounting experience and a firm grasp of managment accounting requirements. Previous experience supervising a small team is advantagous.

KEY ACCOUNTABILITIES:

• Review and analysis of costs coded to contract within the accounting system to ensure charges are correct and adjust as applicable
• Undertake manhour reconciliations between systems to ensure all hours have been captured for invoicing and costing purposes
• Preparation of annual budget, quarterly and monthly forecast for contract in conjunction with Contract Manager in line with Wood reporting calendar
• Preparation of monthly accounts for contract covering reimbursable labour, recovered in rate costs, lump sums, procurement, plant & equipment, plus other reimbursable and non-reimbursable items.
• Directly responsible for contract month end close activities in Oracle system to ensure results are accurately reported and analysed.
  • Main activities include calculation of accruals, unbilled and unearned entries as required in compliance with Wood corporate deadlines, technical accounting standards, and in accordance with company procedures for reconciliations and balance sheet controls.
• Completion of monthly financial report comprising detailed:
  • Profit and loss comparison of actuals against budget/forecast capturing clear and concise operational commentary for variances
  • Balance sheet analysis focusing on unbilled, unearned, accounts receivable, and cost accruals or deferrals, explaining the nature and age of balance and movement from prior month, plus resolution plan for clearance of aged items
  • Rolling forecast for year, and reasons for change from prior forecast
  • Upsides / downsides to results and likelihood of items being realised
  • Any other detailed analysis that may be relevant to the contract
  • Reporting of monthly results to contract manager to ensure visibility of actual performance and any actions required in specific areas.
• Ensure all finance reconciliations are prepared, analysed and reviewed on a monthly basis to establish over/under-recoveries and enable any corrective actions to be taken in a timely manner
• Knowledge of contract commercials to understand rate build-ups and recovery of costs to ensure maximisation cash position
• Responsible for identifying and highlighting opportunities for continuous improvement within the contract and sharing of best practice within the function
• Responsible for maintaining contract delegation of authority matrix in line with any personnel changes on the contract
• Ensure compliance with accounting, credit risk and code of conduct policies
• Ensure all contracts process and procedures used on contracts are fully documented
• Execution of various ad hoc tasks as and when requested

What we can offer

• Flexible working arrangements that balance client, team and individual needs offering hybrid working where relevant
• Commitment to Diversity and Inclusion; we are an organisation actively committed to diversity and inclusion across our business
• Competitive salary in line with the market rates
• Flexible benefits package; inclusive of 33 days annual leave (including public holidays), generous contributory pension scheme, private medical cover, 4x base salary life insurance; all of these and more that can be adapted to suit your own lifestyle for the 12 month period
• Global connections; join experts around the world who are at the leading edge of our industry, shaping the standards of our profession

If all of this sounds good to you, review the requirements of the position below, then follow the link to apply and start your journey with Wood.

Skills / Qualifications

You may read these details and are potentially thinking about not applying due to not having every single skill, knowledge or experience listed, and that’s understandable. However, we’d still like to hear from you At Wood, we understand and acknowledge that everyone is different, and we are committed to equal opportunities and want to access all of the talent that is out there. We are committed to attracting a broad range of skills, knowledge and experiences and embrace differences. So even if you feel you don’t have everything listed, but feel you have some of the experience, knowledge or skills to help us unlock solutions to the world’s most critical challenges do apply.

Expected:

• Recognised accounting qualification or part qualified and actively studying towards professional qualification (ACCA / CIMA etc).
• Previous accounting experience
• Proficient user of Excel
• Good commercial knowledge
• Competent at using ERP/ forecasting systems

Desirable:

• Oil and gas experience preferred

Company Overview

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people.

Diversity Statement

We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.