Job Detail
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Job Description
Company/Name: Wood.
Location: Aberdeenshire.
Job Type: Full Time.
Specialism: Accounting.
Wood is currently recruiting for a Senior Accountant with extensive experience in the oil and gas petrochemical industry.
Objective:
To ensure accurate accounting, reconciliation and reporting of key financial data to enable the business to monitor performance, drive improvement, collect cash and ensure governance across a collection of key client contracts.
Key Responsibilities:
Directly responsible for month end close activities in Oracle system to ensure results are accurately reported and analysed for a selection of contracts. This includes 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
Preparation of monthly management accounts covering P&L to Gross Margin/EBITDA level
Provision of clear and concise variance analysis of actual monthly results compared to budget/forecast to help support contract management to understand and act upon financial results
Balance sheet responsibility for unbilled, unearned, accounts receivable and accruals to ensure accurate reporting, aging and improvement actions
Days Sales Outstanding (DSO) – reporting, analysis and supporting improvement
Provision of financial information as required by the business including Project Governance Reporting, HSE manhours and others as required
Presentation of monthly results to Contract Manager / Finance Business Partner
Preparation and analysis of annual Budget, Mid-Year Forecast and monthly Rolling Forecasts for collection of contracts in conjunction with Contract/Delivery Managers and Commercial teams for minimum rolling 12 months
Provide clear and concise variance analysis on forecasts, tracking reasons for movement in Revenue / Gross Margin compared to budget/latest forecast. Maintenance of a risks/opportunities schedule to support latest forecast
Preparation of contracts cash flow forecast (rolling 13 week lookahead), active monitoring of payments, escalating issues to Contract / Delivery Managers & Finance Business Partners as applicable
Preparation and detailed review of Gross Margin Analysis per job (at completion) on a monthly basis, reporting findings to Contract/Delivery Managers
Review and challenge aged unbilled reports and support contracts to rectify any issues
Preparation and submission of Invoices/Journal transfers for all jobs within the contracts
Set up of all new Fabrication jobs in Oracle as and when they are set up in AESSOP
Submission & Analysis of weekly payroll for Contract/Delivery Manager
Preparation and submission of weekly timewriting reports to Contract/Delivery Manager
Responsible for identifying and highlighting opportunities for continuous improvement within the contracts and sharing of best practice within the function
Review and code Plant & Equipment and Consumables costs in line with Contract T&Cs
Internal Cost Rate Management for Contract Cost Centre
Review and analyse costs coded within the accounting system to each contract to ensure charges are valid and accounted for in line with contract T&Cs. Make corrections as required
Review Goods Received Not Invoiced (GRNI) register, highlight and support close out with SCM/Contract
Review and code invoices and expenses across selection of contracts in line with Contract T&Cs
Liaising with external, internal and client auditors
Ensure compliance with all Wood policies including accounting, credit risk and code of conduct
Execution of various ad hoc tasks as and when requested by Finance Lead, Contract / Delivery Managers or Finance Business Partners/Senior Finance Managers
Skills / Qualifications
Qualifications:
Recognised accounting qualification or part qualified and actively studying towards professional qualification (ACCA / CIMA etc)
Will also consider those qualified by experience
Knowledge & Experience:
3-5 years relevant accounting / book keeping experience
Proficient user of Excel
Good commercial knowledge and understanding of contract commercials to appreciate rate build-ups and recovery of costs to ensure maximisation of cash position
Competent at using ERP/ forecasting systems
Job-Specific Skills:
Strong verbal and written communication skills for effective report writing and to support communication of financial information to non-finance people
Strong interpersonal skills to be able to liaise with people on the contract; be seen as a trusted business partner within the organisation
Ability to discuss issues clearly and concisely at all levels within the organisation
Customer focussed – internally and externally
Highly organised and ability to prioritise tasks
Must be able to meet deadlines every time without compromising accuracy
Attention to detail is critical
Must be adept at working as part of a team as well as have the ability to manage own workloads
Strong ethical values and communicates with openness and honesty
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. www.woodplc.com
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.