Project Accountant II at WORLEY ENGINEERING SINGAPORE PTE LTD

Navi Mumbai, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

02 Oct, 26

Salary

0.0

Posted On

04 Jul, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Project Accounting, Revenue Recognition, Financial Reporting, Budgeting, Forecasting, Cash Flow Management, Contract Interpretation, Audit Support, Variance Analysis, WIP Management, DSO Optimization, Commercial Support, Financial Analysis, Intercompany Reconciliation, Accruals Management, Cost Reduction

Industry

Professional Services

Description

We deliver the world’s most complex projects. Work as part of a collaborative and inclusive team. Enjoy a varied & challenging role. Building on our past. Ready for the future Worley is a global professional services company of energy, chemicals and resources experts headquartered in Australia. Right now, we’re bridging two worlds as we accelerate to more sustainable energy sources, while helping our customers provide the energy, chemicals and resources that society needs now. We partner with our customers to deliver projects and create value over the life of their portfolio of assets. We solve complex problems by finding integrated data-centric solutions from the first stages of consulting and engineering to installation and commissioning, to the last stages of decommissioning and remediation. Join us and help drive innovation and sustainability in our projects. The Role As a Project Accountant II with Worley, is to develop project accounting procedures for project(s) assigned. Considers complex situations related to the contract, staff size, geographic location, etc. Helps ensure compliance with Company policy, project requirements, and good accounting procedures. Your skills and expertise will be utilised across a range of domestic and international projects, starting in the bid phase, continuing to award, start up and execution. This role supports teams across multiple time zones and will require working hours aligned to global operations. Project initiation Accountable for the financial implications of the set up and maintenance of projects in the business system in accordance with policies, pricing schedules, customer details, calendars, payment plans. Interprets the contract terms and conditions and ensures commercial terms are built into project set up Ensures projects are financially closed Leads/Supports Audits Reporting & Analysis Ensures processes in place to enable accurate revenue recognition Regularly reviews margins, WIP, debtor and cash flow Ensures intercompany payables or receivables reconciled with counterpart and ensure prompt payments Link between Accounts Payable and project for coding invoices, ensuring that missing/expected invoices are accrued for/accounted timely Create and validate forecast/budget for chargeable hours, sell/cost rates, resulting margin and ensure target is reasonable Produces and analyses trend and variance report as needed Gathers project accruals and provision information as needeed Owns the accuracy of financial data as reported in monthly WPR’s through collaboration with project team Work closely with project controls and finance analysts to produce monthly reports and estimates Works closely with project operations, controls and billing coordinators to improve project administration processes and effectiveness. Business Partnership Participates in processes that enable the project team to effectively manage its costs and risks. Identifies and implements specific cost reductions and/or leakages, providing input into risk management exercises. Day to day finance business partner to the project management team and representative of Finance function to them Cash Management Ensures invoicing plan is in place to maximise DSO Reviews DSO reports and assists in the development of corrective action plans Works with customers to ensure invoices have been received, approved, and actioned providing status to Project Team Provide input into cash forecast to ensure accuracy and appropriate challenge to expedite cash collection Reviews WIP/AR reports with project Managers to ensure timely billing and collection Attest/review project transaction documents and accounts for accuracy and completeness, including sub-charges, data sheets, time reports, expenses, subcontractor invoices etc. Ensures accurate production of customer invoices, credit notes and back up documentation Ensures billings do not exceed approved budget limits and works with project managers and project Controls to resolve issues Drives timely recording of 3rd. Party vendor invoices Commercial Support Actively participates in preparation and at monthly project reviews to challenge the financial and commercial health of projects Interprets commercial terms and conditions, including Fx, tax, credit and system implications on bids and tenders to ensure accurate and timely costing and revenue recognition Complete working papers to capture use, accrual and draw down of contingencies and provisions; complete working papers to address how we will account for project incentives. Identifies areas of potential project gross margin improvement; ensures accurate recovery of all costs as defined in the contract and ensures non-billable costs are minimise. Ensures the DOA is adhered to for any write off time, expense or invoice, non-billable time is approved per DOA, request for continuance of work where required Submission of variation, KPI and contract amendment requests and claims in accordance with contract requirements About You To be considered for this role it is envisaged you will possess the following attributes: Educational Qualification: Graduate or Post-Graduate in Commerce.CA Intermediate or similar semi qualified candidates would be preferred Experience: 8-10 years in Finance and Accounting Domain experience: Project Accounting Moving forward together We’re committed to building a diverse, inclusive and respectful workplace where everyone feels they belong, can bring themselves, and are heard. We provide equal employment opportunities to all qualified applicants and employees without regard to age, race, creed, color, religion, sex, national origin, ancestry, disability status, veteran status, sexual orientation, gender identity or expression, genetic information, marital status, citizenship status or any other basis as protected by law. We want our people to be energized and empowered to drive sustainable impact. So, our focus is on a values-inspired culture that unlocks brilliance through belonging, connection and innovation. And we're not just talking about it; we're doing it. We're reskilling our people, leveraging transferable skills, and supporting the transition of our workforce to become experts in today's low carbon energy infrastructure and technology. Whatever your ambition, there’s a path for you here. And there’s no barrier to your potential career success. Join us to broaden your horizons, explore diverse opportunities, and be part of delivering sustainable change.

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Responsibilities

Develop and manage project accounting procedures, ensuring compliance with company policies and contract terms across domestic and international projects. Responsible for financial reporting, revenue recognition, cash flow management, and acting as a finance business partner to project management teams.