Project Accountant
At a glance
Mid-level Accounting role at Wood. Brunei Darussalam · full-time.
Pay not stated Accounting salary
financeroles summary, based on the employer's posting.
What you'll do
- Build project budgets, track actual and forecast spending, and prepare cost reports to contractual and company standards
- Monitor project commitments and spending, allocating costs to the approved WBS and accruing incurred costs not yet recorded
- Coordinate with procurement, finance, time-capture teams and third parties to capture labour, materials and subcontract costs accurately
- Work with project teams on cost and revenue forecasts, budget approvals, cost-risk analysis and audit support
- Improve cost controls and processes, while completing financial analysis and other tasks as needed
What you bring
- A relevant bachelor’s degree and at least five years of cost experience
- Strong capability in budgeting, forecasting, cash flow, project cost budgets and change estimates
- Working knowledge of earned value, cost and schedule variance analysis, change control and planning impacts
- Experience with Excel, Oracle and Imperium, plus solid commercial judgment
Who this fits
This mid-level, on-site role in Brunei suits someone comfortable handling project cost controls independently and working across finance, procurement and project teams. Preference goes to qualified Brunei nationals.
From the employer
The preparation and reporting of project cost budgets, and the tracking, management and reporting of project expenditure to enable robust control of projects throughout their lifecycle.
Responsible for the development of project budgets, the tracking of actual and forecasted costs and the generation of cost reports, ensuring they are prepared to the required level of detail and accuracy and in accordance with contractual requirements and Wood policies, procedures and standards.
Responsible for identifying areas of best practice and driving continuous improvement within the business by driving better processes and controls.
- To monitor and control cost commitments and expenditures throughout.
- Liase with procurement, finance, and time-capture functions, and third parties as required to ensure accurate capture of procument, materials, subcontract and labour manhour costs. Ensure costs are allocated accurately in accordance with approved project WBS, and accrue for any missing but incurred costs.
- Manage the project/assignment work approval process in terms of accurate cost allocation first time and initial budget set-up and approvals.
- Liase with project management, project planning and others as required to ensure accuracy in project cost and revenue phasings and forecasting, and recognition of revenue in like with IFRS16
- Participate in cost & estimate risk analysis for financial impact if required
- Assisting with external, internal and client auditors
- Responsible for compliance with the Financial management Framework within the individual’s sphere of control
- Execution of various and ad hoc financial analysis and tasks when required
Preference will be given to qualified Brunei Nationals.
Qualifications: Bachelors Degree in relevant disciplines
Knowledge, skills and experience:
• Minimum 5 years work experience cost experience, prior experience in senior cost role preferred
• Excellent knowledge of cost software and related principles, tools and techniques including budgeting, forecasting and cash-flow
• Good commercial knowlege
• Advanced ability to develop project cost budgets and change estimates
• Strong understanding of earned value application, cost and schedule variance analyses/trending and what-if scenarios
• Strong understanding of Cost Management, Change Control, Planning & its financial implications
• Good systems experience (in Excel, Oracle, Imperium)
Personal Attributes:
• Demonstrates commitment to Wood Values, Visions & Behaviours
• Ability to work independently and as part of a team
• Strong communication skills both written and oral
• Uses initiative, experience and a proactive approach to problem solving
• Commitment to continuous improvement
• Ability to form and maintain strong working relationships
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