Senior Project Accountant

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: SENIOR PROJECT ACCOUNTANT

KEY RESPONSIBILITIES:

• Understand the commercial terms and administration requirements for the contract to support delivery teams in managing and mitigating risks associated with contract delivery.
• Proactively provide advice and support to the Project Teams regarding the contractual and commercial aspects of the contracts.
• Collate all relevant start-up information for jobs/phases and instigate contract set up as appropriate.
• Ensure all contract documentation is managed via the contract database and that access rights to the database are maintained for the project.
• Act as the commercial focal point for Client Commercial contact and attend Client meetings as required.
• Preparation of Client monthly reports including but not limited to value of works, forecast of spend, commitments, annual budgets, business plans and contract incentive schemes.
• Monitor the on-going financial performance of each job by preparing monthly management accounts, forecasts and budgets and ensure all commercial and financial reporting deadlines are met.
• Support the Projects Team by providing ongoing and regular commercial analysis and information regarding expenditures, commitments, forecasts and the financial performance of the contract.
• Ensure that internal cost reporting for the contract meets with corporate accounting and Commercial department requirements and that ongoing analysis is being made to track recovery against costs and highlight and resolve any associated issues in a timely manner.
• Monitor and provide feedback relative to KPI performance and highlight areas where improvement is necessary to optimize financial return.
• Check accuracy of Third-Party Invoices against subcontract agreements and approve same as compliance checker where required.
• Identify where AFE amendments may be required to cover contract changes and provide support in their drafting and submission.
• Ensure all activities across the project are undertaken in line with client approval process (AFEs) and Petrofac DOA prior to commencement.
• Liaise with the team to assist in preparation and review of invoices to ensure they presented to the Client correctly and in a timely manner such that they are paid in line with contract terms and ensure approval by project management is obtained.
• Monitor outstanding debtors and ensure that any commercial problems are addressed, and that cash collection is optimized supporting the delivery teams.
• Provision of commercial support in the preparation of tenders and new business proposals.
• Ensure contract commercial reviews are in place and ensure that specific commercial issues, risks and opportunities requiring management are understood and communicated.
• Ownership of contract commercial structure such as sell rates for on and offshore personnel are updated as required and prepare the rates for the annual rate review process and for purposes of contract variations.
• Ensure recovery for all indirect costs across the business is managed through rates or commercial structures. IT, Software, PPE, Mob/demob etc.
• Identify ongoing opportunities for revenue growth and cost minimization such that contract margins are enhanced.
• Ensure Labor and 3rd party reconciliations are done on a monthly/quarterly basis.
• Perform all tasks and prepare all information in accordance with the company’s policies, processes and procedures.
• Develop reporting capabilities and structure utilizing new systems (incl Power BI) and features to improve data and appearance and support consistency across the business and function.
• Develop and manage the capture of On and Offshore time including reporting.
• Deliver contract and commercial audit programmes as agreed with the business.

ESSENTIAL QUALIFICATIONS AND SKILLS:

• Degree qualified (preferably in Finance/Accountancy or Qualified Accountant).
• Advanced Microsoft Word and Excel.
• ERP knowledge (Oracle package preferable).
• Ability to work to close deadlines.
• Work as part of a team.
• Proactive and self-starter.
• Ability to lead teams.
• Experience with budgeting, re-forecasting, cost-reporting and monthly accounts.
• Knowledge and experience in drafting and interpretation of contractual documentation / AFEs.
• Ability to work under pressure.