Project Accounting Manager - U.S. Gulf Coast

Worley; Houston (TX); On-site; USD 110,000 - 180,000; Full time

Job summary

Worley is a global energy, chemicals and resources company delivering projects and value across the asset lifecycle. We hire opportunities that leverage engineering and financial discipline to optimize cash flow, revenue recognition and cost control.

We are seeking a Senior Manager of Project Accounting to lead a finance team, oversee IFRS/GAAP compliance, and partner with project controls to deliver accurate monthly reports and forecasts.

Qualifications

• Engineering and construction project knowledge.
• Experience leading financial teams.
• Advanced Excel skills.
• Familiar with ERP and BI environments, specifically Oracle and Hyperion is a plus.

Responsibilities

• Supports Location Management Reporting processes for consistent, accurate management information.
• Prepares, analyzes, and interprets location results; compares budget/forecast to actual, including KPI’s and key business drivers.
• Responsible for revenue and profit recognition in accordance with accounting policies.
• Leads a finance team, recruiting, training, coaching and developing staff.
• Interprets commercial terms and conditions, including FX, tax, credit, and system implications.
• Directs the administration of zero balance accounts and third party reporting.
• Identifies leakages within Location projects and guides management towards improvement.
• Manages location cash flow and collects outstanding accounts.
• Undertakes ad hoc reporting and participates in special projects.

Skills

Engineering and construction project

Leading financial teams

GAAP and IFRS

Advanced Excel

ERP/BI knowledge

Education

Bachelor degree in Finance/Accounting/Commerce

Professional accounting designation

Tools

Oracle

Hyperion

Job description

About Us

Worley is a global company of energy, chemicals and resources experts headquartered in Australia. We partner with our customers to deliver projects and create value across the life of their assets. We specialize in consulting, engineering, procurement and construction across the project lifecycle, with services extending through to operations and decommissioning. Leveraging extensive experience and AI-enabled delivery, we support customers in navigating complexity as they meet today's needs and transition to more sustainable solutions.

Responsibilities

MANAGERIAL DUTY

• Supports the Location Management Reporting processes for the delivery of consistent, accurate and timely management information (financial and statistical) to enable efficient fact based decision making.
• Prepares, analyses, and interprets location results; comparing budget/forecast to actual, including KPI’s, and key business drivers, also recognizing the complexity arising from the multiple financial demands.
• Responsible for revenue and profit recognition in accordance with accounting policies.
• Responsible for leading a finance team, recruiting, training, coaching and developing, while maintaining a work environment that attracts and retains top talent.
• Interprets commercial terms and conditions, including FX, tax, credit, and system implications.
• Directs the administration and accounting of zero balance accounts and required third party reporting.
• Identifies leakages within Location projects and guides management towards improvement.
• Actively manages overall location’s cash flow process, including engaging the business for resolutions of disputes and timely collection of outstanding accounts.
• Undertakes ad hoc reporting and participates in special projects as required.

REPORTING/ANALYSIS

• Ensure processes in place to enable accurate weekly revenue recognition.
• Weekly review of margins, WIP, Debtor and cash flow.
• Ensure intercompany payables or receivables reconciled with counterpart and ensure prompt payment and received.
• Link between Accounts payable and project for coding of 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 analyzes trend and variance reports as needed.
• Gathers project accruals and provision information as needed in line with IFRS.
• Ensures for lump sum projects, that revenue recognition is as per IFRS with full support of calculations and assumptions used.
• Owns the accuracy of financial data as reported in monthly MPRD’s through collaboration with Projects team.
• Works 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.

COMMERCIAL SUPPORT

• 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 minimized.
• Interprets commercial terms and conditions, including Foreign Exchange, tax, credit, and system implications on bids and tenders to ensure accurate and timely costing and revenue recognition.
• Works closely with Project Managers and Project Controls, and participates in monthly project reviews to challenge the financial and commercial health of projects.
• Ensures project profitability is maximized for the project.
• Ensures contractual and joint venture operating agreement compliance and participates in audits and resolution activities.
• Ensure that DOA is adhered to for any write off of time, expenses or invoices, non-billable time is approved per DOA, request for continuance of work where required.
• Complete working papers to capture use, accrual and draw down of contingencies; complete working papers to address how we will account for project incentives.

BUSINESS PARTNERSHIP

• Day to day finance business partner to the project management team and representative of Finance function to them.
• Participates in processes that enable the project team to effectively manage its costs. Identifies and implements specific cost reductions and/or leakages.

What You Will Bring

Technical/Industry Experience and Qualifications Requirements:

• Engineering and construction project knowledge.
• Consulting projects/processes knowledge a plus.
• Experience leading financial teams.
• Minimum 7 years’ experience in project accounting, or cost accounting.
• Technical and analytical accounting skills.
• Understanding of GAAP and IFRS.
• Maintains the highest professional ethics and standards.
• Project size, complexity, and/or risk increases with each level in the Project Accounting roles.
• Strong technical and analytical accounting skills, specifically in the areas of financial modelling, analysis and reporting.
• Joint venture operating agreement knowledge is an asset.
• Advanced Excel skills.
• Familiar with ERP and BI environments, specifically Oracle and Hyperion is a plus.

Required

Education – Qualifications, Accreditation, Training:

• Bachelor of Finance, Accounting or Commercial degree and a professional accounting designation.

Moving forward together

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. We're building a diverse, inclusive and respectful workplace. Creating a space where everyone feels they belong, can be themselves, and are heard.

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.