Project Accounting Manager - U.S. Gulf Coast

Worley Group, Inc; Houston (TX); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health benefits

Job summary

Worley Group, Inc is seeking an experienced Senior Finance Manager to lead the Location Finance team for project accounting. You will ensure accurate revenue recognition, manage cash flow, and drive profitability across a portfolio of projects.

The role requires deep knowledge of GAAP/IFRS, ERP/BI systems, and strong financial modelling. You will partner with Project Controls, Operations, and other finance teams to optimize cost controls, reporting, and strategic decision making in a dynamic

Qualifications

• Bachelor degree in Finance, Accounting or Commerce; professional designation preferred.
• Minimum 7 years in project or cost accounting roles.
• Experience leading finance teams and managing complex projects.
• Strong understanding of GAAP and IFRS and financial reporting.
• Proficient in financial modelling, analysis and reporting.
• Familiar with ERP and BI environments (Oracle/Hyperion).
• Advanced Excel skills and data accuracy is essential.

Responsibilities

• Lead Location finance team and deliver accurate weekly revenue recognition and monthly reports.
• Manage cash flow, KPI tracking, and cost controls for location projects.
• Ensure proper revenue recognition per IFRS; oversee intercompany payables/receivables.
• Collaborate with Project Controls, Finance Analysts, and Operations to improve processes.
• Interpret commercial terms, contracts, and bid/tender costing for profitability.
• Support ad hoc financial analyses and special projects as needed.

Skills

Project accounting

Cost accounting

Leadership

Financial modelling

GAAP IFRS understanding

Analytical ability

Ethics

Education

Bachelor of Finance, Accounting or Commercial degree

Professional accounting designation

Tools

Oracle ERP

Hyperion

Advanced Excel

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.

Education - Qualifications, Accreditation, Training:

Required:

• 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.