Project Accountant at Wood. hiring people as Project Accountant . The Selected person will be earn at least Undisclosed NZD per month. There are also many more opportunities. Read the entire post carefully to know all the details related to this job.
PostingProject Accountant
Job EmployerWood.
LocationCBD, Inner & Western Suburbs
Job SectorFinancial Accounting & Reporting

Overview / Responsibilities

Wood has an immediate need for a Project Accountant to join our team based in Perth, Western Australia. This position is a 7 month contract providing Maternity leave cover commencing early October 2022. This role is primarily responsible for Accounting for projects which will include lump sum and reimbursable contracts, both long and short term with a focus on ensuring the company conforms to accounting principles and business processes.

This key role works closely with wider Wood team and internally includes interface with Finance Management, Project Managers / Engineers, Project Controllers and Billing Specialists to obtain produce individual project financials, project analysis and project forecasts. Interfacing with Auditors will be an external requirement.


Project Responsibilities

  • Work with Project Controls to ensure each project is set up to capture the structure correctly i.e. in Lump sum contracts, Revenue recognition points, Billing milestones
  • Review Project costs in the month and make necessary accruals for missing costs
  • Record revenue accruals against projects for Lumpsum contracts
  • Ensure we are meeting the conditions for revenue recognition and billing milestones and ensuring we are accounting for the Revenue milestones vs cash milestones appropriately
  • Maintain visibility over all costs incurred; pass through costs, and, passing them through timely
  • Maintain Visibility over amounts Unbilled and work with Billing specialists to get invoices out timely
  • Accounting for costs that have not yet been received on the project (maintaining margins) in accordance with the project CTR / Activities
  • Margin analysis, Cost rate vs Sell rate explaining mix and volume variance

Reporting Responsibilities

  • Project reporting within established internal and agreed client procedures
  • Provide variance analysis showing “As Sold / Original” P / L verses “Actual / Current” P/L
  • Reconciliation and financial management of Work in Progress (WIP), sales, unbilled / accrued
  • Reporting Backlog, Backlog burn and replenishment and Lump sum profit restrictions

Please note, that we will only accept applications from Australian citizens or those who currently hold Permanent Residency (PR) visa for Australia and do not require company sponsorship to work lawfully in Australia.


Skills / Qualifications

It takes a diverse range of people to achieve the level of impact Wood has on the global energy sector. As a member of the team you will demonstrate: 

  • Tertiary Degree in Accounting

Previous Oracle experience is preferred however not essential

  • Minimum Intermediate Excel experience
  • Demonstrated Financial Accounting experience in a similar role
  • Professional attitude with effective interpersonal skills
  • Be a team player and committed to business improvement, with the ability to work autonomously
  • Ability to work under pressure, be resilient and work to deadlines with strong attention to detail

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