Project Accounting Lead

About Watercare Services Limited

Watercare is undertaking a transformative $15.2 billion capital investment program over 10 years, representing the largest in its history. This initiative includes infrastructure, sustainability, and digital projects aimed at improving Auckland's future. With more than $4 million invested daily, employees contribute to impactful community and environmental advancements.

Role Overview

Reporting to the Capital Performance & Reporting Manager, the Project Accounting Lead will establish and drive the maturity of Watercare's Project Accounting function. This includes ensuring thorough financial management, forecasting accuracy, capitalisation procedures, controls, and compliance across a diverse capital investment portfolio. The role requires close collaboration with programme and project managers to provide expert, insightful financial advice and reports that facilitate successful project outcomes.

This position is instrumental in integrating new programme management tools such as Oracle Primavera Cloud and Aconex Cost, shaping the financial processes, control systems, and reporting frameworks to aid Watercare's evolving operational methods.

Key Responsibilities

• Develop and head the newly created Project Accounting division.
• Mentor and grow a team of Project Accountants to ensure high performance.
• Provide senior-level financial leadership on significant capital programs.
• Champion industry best practices in forecasting, cost oversight, and financial assurances.
• Critically assess project forecasts, risks, contingency plans, and funding needs.
• Collaborate with programme leaders to support sound investment and delivery strategies.
• Assist with the rollout of enhanced project control and portfolio management solutions.
• Maintain robust governance, financial controls, and compliance in capital accounting.
• Work jointly with the Capital Reporting team to produce cohesive portfolio performance reports.

Candidate Profile

The ideal candidate is a seasoned finance professional combining in-depth technical skills with commercial acumen and the ability to influence senior leadership. This leader thrives in structuring complex environments, building team capabilities, and partnering with stakeholders to advance organizational goals.

• Holds a tertiary degree in Finance, Accounting, Commerce, or related field.
• Possesses CA, CPA, or equivalent professional accreditation.
• Has comprehensive experience in project accounting, infrastructure finance, or programme controls.
• Demonstrated success managing and developing high-functioning finance teams.
• Proficient in forecasting, cost control, financial governance, and capital accounting standards.
• Experience navigating large, complex capital portfolios or programmes.
• Capable of delivering impartial financial challenge and advice to senior stakeholders.
• Familiarity with implementing project, portfolio, or ERP systems.

Background in infrastructure, utilities, construction, or other asset-heavy sectors will be regarded favorably.

Employee Benefits

• Opportunities for professional growth and training.
• Life and income protection insurance coverage.
• Generous parental leave options.
• Access to discounts at multiple major retailers.