Accountant, Projects

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

The world is re-thinking its energy supply and energy security needs, planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.

This is an exciting time to join us on this journey.

We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.

Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?

JOB TITLE: Accountant, Projects

KEY RESPONSIBILITIES:

• Monitor projects receivables in line with the cash flow projections and highlighting risks in achieving budgetary targets.
• Monitor projects payments in line with the cash flow projections.
• Co-ordinate with GBS Team for preparation of payment batches.
• Ensure all vendor/subcontract invoicing issues related to workflow, accounting and indirect taxes are to be resolved in timely manner.
• Review of Cost reports and VOWD in line with COSA guidelines and resolve any concern to ensure smooth closing of monthly/periodic accounts.
• Review and report project related balance sheet accounts (AP, AR, advances, debit balance and retentions) on monthly basis to ensure risks are highlighted and mitigated from finance perspective.
• Monitoring of site petty cash and ensuring adherence to petty cash policy.
• Support the Tax team on VAT / Corporate tax where required.
• Monitor Bank Guarantees received for expiry and its renewal.
• Monitor client guarantees and review charges debited by the bank and monitor at completion cost.
• Vendor accounts reconciliation, where required.

FINANCIAL ACCOUNTABILITY:

• Monitoring the achievement of KPI’s related to VOWD% (Value of work done) and Cash Collections & Project payments and highlighting the risks and slippages.
• Highlight / Discuss any other concern on the project or otherwise.
• Operate a continuously effective financial controls framework to ensure the integrity of the books of account of the E&C business unit.

ESSENTIAL QUALIFICATIONS AND SKILLS:

• Qualified Accountant.
• 4-9 years’ experience.
• EPC business experience preferred.
• Experience in similar roles highly preferred.
• Knowledge of financial accounting systems (preferably Oracle and HFM).
• Systems and process development and implementation experience.
• Creative and proactive problem solver.
• Proven team building skills.
• Good analytical skills and the ability to meet deadlines through planning, organizing and persistence.
• Good financial systems knowledge.
• Good interpersonal skills, good communicator, and a strong team player.

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