Senior Accountant

Overview / ResponsibilitiesWood is currently recruiting for a Senior Accountant with experience in the oil and gas petrochemical industry.The Senior Accountant 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.KEY ACCOUNTABILITIES: Review and analysis of costs coded to contract within the accounting system to ensure charges are correct and adjust as applicableUndertake manhour reconciliations between systems to ensure all hours have been captured for invoicing and costing purposesEnsure invoices are prepared in a timely and accurate manner in line with contract terms and conditions and agreed invoice timetablePreparation of annual budget, quarterly and monthly forecast for contract in conjunction with Contract Manager in line with Wood reporting calendarPreparation of monthly accounts for contract covering reimbursable labour, recovered in rate costs, lump sums, procurement, plant & equipment, plus other reimbursable and non-reimbursable items.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.Completion of monthly financial report comprising detailed:Profit and loss comparison of actuals against budget/forecast capturing clear and concise operational commentary for variancesBalance sheet analysis focusing on unbilled, unearned, accounts receivable, and cost accruals or deferrals, explaining the nature and age of balance and movement from prior month, plus resolution plan for clearance of aged itemsRolling forecast for year, and reasons for change from prior forecastDays Sales OutstandingUpsides / downsides to results and likelihood of items being realisedAny other detailed analysis that may be relevant to the contractReporting of monthly results to contract manager to ensure visibility of actual performance and any actions required in specific areas.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 itemsEnsure 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 mannerKnowledge of contract commercials to understand rate build-ups and recovery of costs to ensure maximisation cash positionResponsible for identifying and highlighting opportunities for continuous improvement within the contract and sharing of best practice within the functionResponsible for maintaining contract delegation of authority matrix in line with any personnel changes on the contractEnsure compliance with accounting, credit risk and code of conduct policiesEnsure all contracts process and procedures used on contracts are fully documentedLiaising with external, internal and client auditorsEffective supervision and management of the accounting team, with a focus on people developmentExecution of various ad hoc tasks as and when requestedSkills / QualificationsMinimum Qualifications:Recognised accounting qualification or part qualified and actively studying towards professional qualification (ACCA / CIMA etc). Minimum Experience:Extensive accounting experienceProficient user of ExcelPeople supervision skillsGood commercial knowledgeCompetent at using ERP/ forecasting systemsJob-Specific Skills:Oil and gas experience preferredCompany OverviewWood is a global leader in engineering and consultancy across energy and the built environment, helping to unlock solutions to some of the world's most critical challenges. We provide consulting, projects and operations solutions in more than 60 countries, employing around 45,000 people. Diversity StatementWe are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.Job SummaryRequisition ID: 2021-85643Work Location: GB-Aberdeenshire-AberdeenDepartment / Discipline: Finance OperationsPosition Type: Staff / Permanent