Project Accountant

Job title: Project Accountant

Company: Petroplan

Job description: Reporting to the Superior Finance Manager, you will be embedded within the broader team and be a key resource to both the project team and Corporate Finance with presence and communication for accurate and complete reporting of actual/incurred costs to date by WBS against budgets and full analysis of Costs to Complete to validate overall project cost against budget. In addition, this position will be expected to be closely involved with all Project Controls meetings with the General Contractor (GC), evaluate and report on opportunities for project cost reporting process improvements (Example: Earned Value reporting of Cost Performance Index (CPI) and Schedule Performance Index (CPI), and be engaged with other key support groups including Supply Chain Management (SCM) and Field Cost Control to assist with this objective while ensuring client policies and procedures are adhered to including but not limited to key areas of invoice review and attestation (depending on contract type and terms), scope change order approvals, schedule change management authorization, and compliance audit support.

CORE RESPONSIBILITIES

• Maintain an ongoing presence at the site working with the Project Controls Manager (PCM) and Project Cost Analyst (PCA) on the Project
• Understand in detail the WBS structure of the Project and all underlying support and assumptions for variance analysis reporting of actual/incurred costs versus budget
• Become proficient with SAP / Business Objects BI Reporting through leveraging of other subject matter experts on site who run AFE / WBS cost reports, Open P.O. Commitment Reports, etc.
• Attend regular meetings with the Project Team (contractor meetings, internal project meetings, contract reviews, etc.) and take detailed minutes to manage action items along with the PCM and ensure some form of “RAID” (Risks, Action Items, Issues, Decisions) document impacting cost control is being managed by the PCM
• Liaise with Finance Manager in the process of analyzing and providing commentary on variances highlighted in standard management reports including but not limited to capital additions / WBS cost reports, resource loaded schedule reports, labor productivity reports, etc.
• Assist PCM with Cash Flow forecasting, AFE change requests and other ad hoc reporting requests being made to the PCM
• Provide analysis to support Management Discussion and Analysis and press release information
• Work with the Finance Manager to identify and assist in implementation of corrective actions to close variances identified in monthly reporting and forecast analysis
• Understand and help enforce any Financial approval/authority matrixes for invoices, scope changes, field approvals, transfers from contingency or between scopes, etc.
• Working with SRC Finance Manager and Accounting Staff, ensure the month-end cut-off process is adhered to for SRP month-end accruals (pre-post accrual validation against budget and post-accrual validation in SAP against pre-post files) and validate accuracy of those accruals by P.O. / WBS
• Ensure invoices are being coded to proper WBS / cost element codes in alignment with budget
• Ensure reconciliation of monthly project costs on the Incurred profile are reconciled with the AFE project asset additions in SAP each month and investigate differences.
• Support Procurement / SCM Service Center processes and initiatives as required and help ensure payments are made in accordance with contract terms.

POSITION QUALIFICATIONS

• A Bachelor of Science/Arts or equivalent with a specialization in Accounting / Finance / Project Management
• Professional designation (CPA, PMP, CMA, CIA) Not all required but one or more.
• Minimum 5 years’ relevant experience in Project/Construction Accounting or business/financial analysis
• Minimum 3 years’ relevant experience in Project Accounting / Project Controls and business/financial analysis, highly preferable in the construction and/or oil and gas industry
• Strong computer skills and a solid knowledge of SAP and/or other Project / ERP, and Business Intelligence reporting systems are required
• Excellent oral and written communication skills
• Excellent analytical and problem-solving skills
• Strong financial acumen
• Strict attention to detail and accuracy, with a demonstrated ability to work independently, multi-task and meet deadlines
• Ability to interact effectively with all levels of management
• Self-starter able to perform with broad guidelines on delivery
• Strong organizational, interpersonal, leadership and team skills
• Ability to apply innovation and initiative to problem-solving and trend analysisPOSITION SUMMARY:

Reporting to the Superior Finance Manager, you will be embedded within the broader team and be a key resource to both the project team and Corporate Finance with presence and communication for accurate and complete reporting of actual/incurred costs to date by WBS against budgets and full analysis of Costs to Complete to validate overall project cost against budget. In addition, this position will be expected to be closely involved with all Project Controls meetings with the General Contractor (GC), evaluate and report on opportunities for project cost reporting process improvements (Example: Earned Value reporting of Cost Performance Index (CPI) and Schedule Performance Index (CPI), and be engaged with other key support groups including Supply Chain Management (SCM) and Field Cost Control to assist with this objective while ensuring policies and procedures are adhered to including but not limited to key areas of invoice review and attestation (depending on contract type and terms), scope change order approvals, schedule change management authorization, and compliance audit support.

CORE RESPONSIBILITIES

• Maintain an ongoing presence at the site working with the Project Controls Manager (PCM) and Project Cost Analyst (PCA) on the Project
• Understand in detail the WBS structure of the Project and all underlying support and assumptions for variance analysis reporting of actual/incurred costs versus budget
• Become proficient with SAP / Business Objects BI Reporting through leveraging of other subject matter experts on site who run AFE / WBS cost reports, Open P.O. Commitment Reports, etc.
• Attend regular meetings with the Project Team (contractor meetings, internal project meetings, contract reviews, etc.) and take detailed minutes to manage action items along with the PCM and ensure some form of “RAID” (Risks, Action Items, Issues, Decisions) document impacting cost control is being managed by the PCM
• Liaise with Finance Manager in the process of analyzing and providing commentary on variances highlighted in standard management reports including but not limited to capital additions / WBS cost reports, resource loaded schedule reports, labor productivity reports, etc.
• Assist PCM with Cash Flow forecasting, AFE change requests and other ad hoc reporting requests being made to the PCM
• Provide analysis to support Management Discussion and Analysis and press release information
• Work with the Finance Manager to identify and assist in implementation of corrective actions to close variances identified in monthly reporting and forecast analysis
• Understand and help enforce any Financial approval/authority matrixes for invoices, scope changes, field approvals, transfers from contingency or between scopes, etc.
• Working with SRC Finance Manager and Accounting Staff, ensure the month-end cut-off process is adhered to for SRP month-end accruals (pre-post accrual validation against budget and post-accrual validation in SAP against pre-post files) and validate accuracy of those accruals by P.O. / WBS
• Ensure invoices are being coded to proper WBS / cost element codes in alignment with budget
• Ensure reconciliation of monthly project costs on the Incurred profile are reconciled with the AFE project asset additions in SAP each month and investigate differences.
• Support Procurement / SCM Service Center processes and initiatives as required and help ensure payments are made in accordance with contract terms.

POSITION QUALIFICATIONS

• A Bachelor of Science/Arts or equivalent with a specialization in Accounting / Finance / Project Management
• Professional designation (CPA, PMP, CMA, CIA) Not all required but one or more.
• Minimum 5 years’ relevant experience in Project/Construction Accounting or business/financial analysis
• Minimum 3 years’ relevant experience in Project Accounting / Project Controls and business/financial analysis, highly preferable in the construction and/or oil and gas industry
• Strong computer skills and a solid knowledge of SAP and/or other Project / ERP, and Business Intelligence reporting systems are required
• Excellent oral and written communication skills
• Excellent analytical and problem-solving skills
• Strong financial acumen
• Strict attention to detail and accuracy, with a demonstrated ability to work independently, multi-task and meet deadlines
• Ability to interact effectively with all levels of management
• Self-starter able to perform with broad guidelines on delivery
• Strong organizational, interpersonal, leadership and team skills
• Ability to apply innovation and initiative to problem-solving and trend analysis

About Petroplan

Petroplan is the trusted, specialist global Talent Solutions partner of choice for employers and professionals in the Energy sector. Since 1976, Petroplan has been here to help people like you make the most of the opportunities available and find the best fit for you as an individual.

Over 10,000 placements in more than 55 countries for over 550 clients across 65 disciplines.

In an industry where skilled and experienced professionals are increasingly sought after resource, we appreciate the true value of what you have to offer. What’s more, we understand that different things are important to different people in today’s world of work – it’s about making exactly the right connections for you as an individual.

Our reputation for contractor and candidate care, understanding what makes you tick, and finding you the best match is second-to-none. We understand the industry inside-out and seek to understand YOU and your motivations in the same way. We take the time to evaluate your individual strengths, understand the most important things to you, and establish exactly what you’re looking for from your next role.

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Expected salary:

Location: Canada

Job date: Wed, 21 Apr 2021 22:40:44 GMT