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.
ResponsibilitiesKey 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, Engineering, Procurement, Construction, and Installation (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 Enterprise Resource Planning (ERP) accounting software
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About UsFor 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
- 5-7 years of experience in oil and gas, EPCI, or construction industry
- Bachelor's degree in Finance and Accounting
- Relevant certification, such as Chartered Accountant, ACCA, CPA
- Experience with billing in the Energy & Construction industry
- Knowledge of ERP accounting software
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.
