Senior Project Accountant

Overview

The Senior Project Accountant at McDermott plays a vital role in enhancing the project accounting function by applying best practices and leveraging deep expertise. This role serves as a mentor to less experienced colleagues and addresses complex challenges within project accounting. The position influences various customer, operational, and project activities while ensuring compliance with company policies.

Responsibilities

• Collaborate with project teams to comprehend contract billing requirements.
• Prepare and critically review customer invoices for third-party clients.
• Provide support documentation for intercompany project billing activities.
• Verify and reconcile intercompany account balances.
• Prepare accruals for unbilled project costs.
• Generate and assess Executive Summary Reports for intercompany projects ensuring consistency of data.
• Execute monthly system audit trail reports and investigate discrepancies relating to business unit classifications.
• Run and adjust reports related to Accounts Receivable Contract Status, Aging, and Unapplied Cash to assure accurate recording.
• Liaise with project managers and controls teams to finalize forecasts and prepare project financial reports for both local and corporate leadership.
• Coordinate with project procurement and subcontract coordinators to analyze and sustain sound project cash flow.
• Maintain strict internal financial controls, ensuring timely invoicing as per contract terms and accurate cost processing; serve as client audit liaison.
• Analyze costs charged to the project and provide input for various ad hoc financial reports as requested by management.

Qualifications

• Have 5 to 7 years of relevant experience, preferably in the oil & gas, Engineering, Procurement, Construction and Installation (EPCI), or construction industries.
• Hold a Bachelor’s degree in Finance and Accounting.
• Possess accounting certification such as Chartered Accountant, ACCA, or CPA.
• Demonstrate experience with billing processes within the Energy and Construction sectors.
• Familiarity with ERP accounting software is required.

About McDermott International

With over a century of experience, McDermott is a pioneering energy services company engaged in projects such as subsea infrastructure installation, offshore wind energy development, and reshaping the onshore energy landscape. With a global workforce of over 30,000 professionals across 54 countries, McDermott is committed to driving the energy transition through innovation and expertise.