Project Accountant

Chennai, Tamil Nadu
Permanent
Full-time

9 days ago

Job Category: FinanceJob Description:Job Overview:The Project Accountant applies their conceptual knowledge of project accounting and, with a moderate level of guidance and direction from colleagues and leadership, is responsible for solving a range of straightforward project accounting problems. They will be responsible for analyzing possible solutions using standard procedures and building knowledge of the company, processes, and customers. The Project Accountant understands key business drivers and applies this knowledge to solve problems in straightforward situations by analyzing possible solutions using technical experience, judgment, and precedents.Responsibilities:Key Tasks and Responsibilities:

Maintain internal financial control over the project.
Work closely with the Business line Project accounting lead to ensure project deliverables are met on time with 100% accuracy
Ensure all Project costs which get booked are analyzed on a regular basis
Support the Project lead on Actual cost extracts, Percentage of completion workings and any other month closing related activities
Ensure that invoices are rendered to clients on a timely basis according to contract terms and that project costs are correctly processed and recorded.
Maintain a log of client invoices and prepare Statement of Accounts matching with the ledger.
Responsible for client audit interface
Working with project procurement and subcontracts functions to prepare Work done but not invoiced accruals and to prepare and report commitment amounts
Prepare, weekly monthly and quarterly financial reports, including project cash flow, and review them with the project management team
Directly work with the project manager and project cost controls to prepare project cost/ cash flow reporting and review project profit estimates
Review the commercial sections of major purchase orders and subcontracts for compliance with JRM policy
Ensure that all activities involving foreign currency are hedged according to JRM policy
Align and Coordinate with other departments on project-related financial matters and maintain this interface throughout the life of the project
Review and analysis of costs charged to the project
Identify and Assesses project related business risks and recommend mitigation plans
Manage accounts payables processing for the project

Qualifications:Essential Qualifications and Education:

5+ years of experience, ideally in oil and gas, EPCI, or construction industry
Bachelor's degree in Finance and Accounting required and relevant certification, such as Chartered Accountant, ACCA, CPA, etc.)
Proficiency in MS Excel and ERP environment
Previous accounting staff supervisory experience

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