Director Project Accounting

Posted 4 Days Ago
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London, Greater London, England, GBR
In-Office
Expert/Leader
Energy
The Role
Leads project accounting operations, including revenue recognition, billing, collections, project profitability reporting, cash receipts, consultant payables, and month-end close. Oversees ERP improvements, compliance, audits, tax support, and complex billing issues. Manages, recruits, trains, and develops the project accounting team while partnering with project staff and clients to improve financial and operational performance.
Summary Generated by Built In

Job Overview:

The Accounting Director – Project role is a finance leadership position embedded within a major EPC project. This role is accountable for driving financial performance, commercial discipline, and strong governance across the full project lifecycle, from project setup through execution and closeout. The Accounting Director serves as a trusted business partner to project leadership, working closely across internal stakeholders and partners to deliver accurate forecasting, disciplined cost management, robust cash flow oversight, and timely financial reporting.

Responsibilities

Key Tasks and Responsibilities:

  • Lead all project finance activities for a major EPC project, including budgeting, forecasting, cost control, revenue recognition, cash flow management, and monthly financial reporting
  • Serve as the primary finance partner to the Project Director and project leadership team, providing insight, challenge, and decision support to improve financial and operational outcomes
  • Own the project forecast, including estimate-at-completion, margin analysis, working capital, and cash collection, ensuring risks and opportunities are identified early and communicated clearly
  • Drive financial governance and compliance with company policies, internal controls, delegated authority, and contractual requirements across the project organization
  •  Partner with project controls, contract management, and legal teams to evaluate commercial exposures, change orders, claims, contingencies, and other matters affecting project profitability and cash flow
  • Lead financial input into customer and joint venture governance forums, including review meetings, operating committees, and project steering discussions, presenting the company’s position with clarity and credibility
  • Build productive working relationships with joint venture partners and customer counterparts while maintaining firm alignment to the company’s contractual rights, financial controls, and commercial objectives
  • Challenge cost assumptions, schedule impacts, risk assessments, and proposed commercial settlements when needed, escalating issues appropriately to protect the company’s financial interests
  • Oversee invoicing, collections, funding requirements, and liquidity planning for the project, ensuring timely conversion of earnings to cash and disciplined management of working capital
  • Lead, coach, and develop the project finance team, fostering accountability, collaboration, and high-quality analysis in a dynamic project environment
  • Support internal and external audits, management reviews, and ad hoc executive requests with well-supported analysis and clear, concise communication
     
Qualifications

Essential Qualifications and Education:

  • Bachelor’s degree in Finance, Accounting, or a related discipline required; CPA, CMA, or MBA preferred
  • 10+ years of progressive finance or project accounting experience, with significant experience supporting large, complex EPC projects; energy, offshore, infrastructure, or oil and gas experience preferred
  • Strong knowledge of project financial management, including estimate-at-completion, percent complete accounting, project cash flow, cost forecasting, and working capital management
  • Demonstrated experience working with customers, consortium or joint venture partners, and cross-functional project teams in a complex contractual environment
  • Strong commercial acumen with the ability to interpret contracts, assess entitlement, support change orders and claims, and defend the company’s position with professionalism and confidence
  • Executive-level communication and presentation skills, with the ability to influence project leadership, corporate stakeholders, customers, and joint venture counterparts
  • Proven leadership capability, including building high-performing teams, developing talent, and driving accountability in a matrixed project environment
  • Strong analytical and problem-solving skills, with the ability to synthesize complex financial and operational information into actionable recommendations
  •  High degree of integrity, sound judgment, and resilience, with the ability to remain collaborative while holding firm on matters of controls, risk, and commercial position
  • Strong systems capability, including advanced Excel and experience with ERP, project controls, and reporting tools used in large project environments
  • Ability to manage multiple priorities, meet demanding deadlines, and perform effectively in a fast-paced, international project environment
     

#LI-LJ1

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.

Skills Required

  • 15+ years of experience, ideally in oil and gas, EPCI, or construction
  • Bachelor’s degree in Finance and Accounting
  • Relevant professional certification such as Chartered Accountant, ACCA, or CPA
  • Experience with project implementations and strong documentation skills
  • Experience with project-based organizations
  • Ability to work in a team environment, learn quickly, and prioritize tasks effectively
  • Strong leadership, delegation, collaboration, and coaching skills
  • Excellent written and verbal communication skills
  • Organized, accurate, and detail-oriented
  • Advanced technical skills in Excel, PowerPoint, Power BI, Oracle, and OneStream

McDermott International Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about McDermott International and has not been reviewed or approved by McDermott International.

  • Leave & Time Off Breadth U.S. materials cite a minimum of 23 PTO days and 14 paid holidays, indicating a broad leave offering. Paid time off and holidays are positioned as a comparative strength within the package.
  • Parental & Family Support Company materials indicate paid parental leave, including 10 weeks paid maternity and four weeks paid family bonding. These provisions reinforce support for families during key life events.
  • Strong & Reliable Incentives Field and offshore roles often include overtime, per diems, and project allowances that can materially increase earnings. These extras are a notable component of total compensation in project-driven roles.

McDermott International Insights

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The Company
HQ: Houston, TX
26,626 Employees

What We Do

McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include approximately 40,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.

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