• Title
    Finance Principal
    Requisition ID
    2018-27049
    Work Location
    GB-Aberdeen
    Department / Discipline
    Finance Operations
    Position Type
    Fixed Term
  • Overview / Responsibilities

    Wood is currently recruiting for an Accountant for a fixed term duration of 6-9 months in Sir Ian Wood House, Aberdeen. The successful candidate will be responsible for effectively managing all aspects of contract finance ensuring all accounting activities are undertaken in a timely and accurate manner for the contract covering invoicing, month end close, budget/forecasting, internal reporting of monthly financials and completion of profit & loss / balance sheet reconciliations.

    • Review and analysis of costs coded to contract within the accounting system to ensure charges are correct and adjust as applicable
    • Undertake manhour reconciliations between systems to ensure all hours have been captured for invoicing and costing purposes
    • Ensure invoices are prepared in a timely and accurate manner in line with contract terms and conditions and agreed invoice timetable
    • Preparation of annual budget, quarterly and monthly forecast for contract in conjunction with Contract Manager in line with Wood reporting calendar
    • Directly responsible for contract month end close activities in oracle system to ensure results are accurately reported and analysed.
    • Main activities include calculation of accruals, unbilled and unearned entries as required in compliance with Wood corporate deadlines, technical accounting standards, and in accordance with company procedures for reconciliations and balance sheet controls
    • Preparation of monthly financial management report for contract which comprises of detailed:
    • Profit and loss comparison of actuals against budget/forecast capturing clear and concise operational commentary for variances
    • Balance sheet analysis focusing on unbilled, unearned, accounts receiveables and accruals, explaining the nature and age of balance and movement from prior month and resolution plan for clearance
    • Reporting of monthly results to contract manager to ensure visibility of actual performance
    • Active management of cash to ensure payment is received from client in line with payment terms, optimisation of Days Sales Outstanding and minimisation of unbilled items
    • Ensure all finance reconciliations are prepared, analysed and reviewed on a monthly basis to establish over/under-recoveries and enable any corrective actions to be taken in a timely manner
    • Knowledge of contract commercials to understand rate build-ups and recovery of costs to ensure maximisation cash position
    • Responsible for identifying and highlighting opportunities for continuous improvement within the contract and sharing of best practice within the function
    • Responsible for maintaining contract delegation of authority matrix in line with any personnel changes on the contract
    • Ensure compliance with accounting, credit risk and business ethics policies
    • Ensure all contracts process and procedures used on contracts are fully documented
    • Liaising with external, internal and client auditors
    • Effective supervision, management of the accounting team, with a focus on people development
    • Execution of various ad hoc tasks as and when requested

     

    Skills / Qualifications

    Minimum Qualifications:

    • Expectation qualified or part qualified

     

    Minimum Experience:

    • Relevant accounting experience
    • Proficient user of Excel
    • People supervision skills 
    • Good commercial experience
    • Competent at using ERP/ forecasting systems

     

    Job-Specific Skills:  

    • Oil and gas experience preferred

     

    Competencies: 

    • Safety aware and sets example within team
    • Ability to form and maintain strong working relationships
    • Driven towards making improvements and sharing best practice
    • Ensures financial responsibility is distilled into the team
    • Strong ethical values and communicates with openness and honesty
    • Good communication skills both verbal and written
    • Good planning and organisational skills – deadline driven
    • Customer focussed – internally and externally
    • Ability to discuss issues clearly and concisely at all levels within the organisation
    • Good verbal communication skills including external communications
    • Ability to liaise with people on the contract

     

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