Finance Project Accountant

Job description / Role

We are EnerMech, a specialist service company that delivers safe, integrated solutions for complex energy projects. For over 50 years, we’ve been energizing our clients across the world with unrivaled expertise, equipment, and technology that supports the entire asset life cycle—offshore and on land. We enable progress through our three global business lines: Energy Solutions, Infrastructure & Industrial Solutions, and Lifting Solutions. Within these areas, we offer a wide range of services, including cranes, lifting, fluid power, training, equipment rental, pipeline, subsea, process, and valves—all designed to help you optimize performance, enhance reliability, and improve efficiency. With a focus on operational excellence, we deliver value through our customized integrated solutions. This approach reduces risk and enhances efficiencies, making us a leading and trusted partner every step of the way.

Diversity and inclusion

EnerMech is dedicated to fostering a diverse and inclusive organization. We believe that diversity enriches our team, and we welcome applications from candidates of all backgrounds, cultures, and identities.

Accountabilities

• Be accountable for the financial control of assigned projects, working hand in hand with the project manager to secure and enhance the “as mobilized” forecast gross profit and outperform the “as mobilized” forecast cash curve, if applicable.
• Provide clear visibility and control of project working capital, including accrued income, accounts receivable, work in progress (WIP), goods received not invoiced (GRNI), and accounts payable.

Prior to project mobilization:

• Work with the project manager to ensure a clear understanding of key contractual terms and that all assumptions and constraints in the “as bid” forecast gross profit are well understood.
• Ensure a clear understanding of the split between internal and external labor required to deliver the project scope by supporting the project manager in resource planning.
• Ensure that the project team has clear visibility of owned equipment versus hired or purchased equipment required to meet customer requirements.
• Ensure that key logistics requirements and consumables have been appropriately identified so that costs can be reliably forecast in the “as mobilized” forecast gross profit.
• Verify the project revenue and cost baseline, and ensure that any differences between the “as bid” and “as mobilized” forecast gross profit are submitted to the business line vice president for approval and sign-off.
• Ensure the creation of the customer sales order in Navision with the approved work breakdown structure (WBS), and ensure that a detailed revenue and cost budget, along with all relevant milestones, is correctly entered.
• Ensure the creation of job codes in Navision with the approved WBS tasks, and manage active job codes in line with the phased execution of the project.
• Ensure that the “as mobilized” phased revenue and cost forecast is entered into Mercury and BFT at the required level of detail and reconciled to the approved budget baseline before the project is released for execution.
• Ensure that all timesheets and purchases are recorded accurately and on time throughout the project execution phase.
• Work with the project manager and invoicing coordinators to ensure the timely approval and invoicing of all completed work in line with contractual requirements and milestones. Manage invoicing priorities where a factor is used.
• Ensure that the project manager signs off on monthly project performance, including key KPIs, working capital, gross profit performance, project cost at completion (CAC), and cash flow forecast, if applicable.
• Be accountable for the integrity of the project forecast held in Mercury and BFT throughout the project lifecycle, ensuring that it reflects the agreed scope, current execution schedule, and latest assessment of risks and opportunities.
• Be accountable for maintaining a single, reconciled version of the forecast. Ensure that the values held in Mercury and BFT agree, Navision actuals reconcile to the forecast structure, and any differences are identified, explained, and resolved.
• Ensure the effective financial close-out and archiving of project financial documentation.

Responsibilities

• Monitor commitments and accruals, and track contingencies, provisions, and management reserves.
• Support the project manager with cost forecasting (estimate at completion (EAC) and estimate to complete (ETC)). Monitor project financial performance against budget and forecast, identify variances, and establish root causes. Track customer purchase order (PO) coverage and notify the project manager of potential breaches.
• Implement cost control measures agreed upon by the project manager, as necessary.
• Participate in detailed project reviews and analysis, supporting finance leadership and project managers with a clear view of forecast gross profit evolution compared with the previous forecast.
• Work with business line teams to understand performance variances and coordinate with the shared services center (SSC) to ensure accurate variance explanations in management reports.
• Ensure the correct rates are charged to the client in accordance with the schedule of rates (SOR) outlined in the contract or PO.

During the monthly close:

• Ensure that all prior-month cost accruals are reversed, and review whether equipment off-hire has been processed according to the schedule provided by the project manager.
• Analyze timesheet reporting for completeness and correct coding, and ensure contractor invoices align with timesheets.
• Review receipted PO (GRNI) reports from the SSC and approve accruals.
• Review unposted supplier invoice reports from the SSC and approve accruals, avoiding double counting.
• Manage revenue recognition (accrued income), ensuring accurate and timely recording of income in accordance with FRS 15, contract terms and milestones, and group accounting standards and policies.
• Approve accrued income, accounts receivable and WIP provisions, and client bonuses, if applicable. Request that the SSC process entries, and maintain cost accruals for costs that have not been invoiced or receipted.
• Finalize gross profit analysis and prepare project KPIs, including balance sheet and working capital, and follow up on reasons for trends. Issue the pack to the project manager by workday 3 or 4 (EUR/AMEC) or workday 7 or 8 (APAC/AMER).
• Conduct gross profit reviews with project and operations managers, capturing key discussion points and agreed amendments or corrections at the job or service line level to ensure revenue and costs are aligned. Ensure that the SSC records final adjustments and submit the final report to the project manager for sign-off.
• Support the business line with project consolidation for profitability reporting, conduct variance analysis, provide commentary, and support business line leads with query resolution.
• Provide supporting commentary and analysis for month-end reporting and review with geography finance directors. Identify and highlight financial trends, providing actionable insights to support decision-making.
• Review regular business line, service line, and job profitability reports produced by the SSC record-to-report (R2R) team, and support query resolution related to these reports.
• Assess the financial impact of change orders and ensure forecasts (CAC and gross profit) are updated to reflect the impacts.
• Implement and monitor project-level financial controls. Support the project manager in identifying project risks and mitigations, as well as opportunities and plans to realize them.
• Support management decision-making regarding risk and opportunity management by helping quantify potential impacts and ensuring they are integrated into the CAC and gross profit forecasts.
• Support the SSC collections team by providing input on collections. Ensure that the project manager prioritizes invoices that may significantly affect accrued income and/or accounts receivable provisions.
• Ensure clarity regarding client disputes and support the geography financial controller and finance director in challenging collection issues, such as settlement negotiations.
• Provide the financial controller and finance director with supporting documentation required to manage bad debts accurately.
• Process journals through the SSC R2R team by raising requests with supporting documentation and reviewing and approving journals.
• Maintain data integrity across systems, support gate reviews and audits, and ensure compliance with financial governance requirements.
• Execute financial close-out, including closing all job task numbers, delivering final invoices, reconciling costs, reporting, and archiving all financial documentation.
• Maintain comprehensive project financial documentation for audit, legal, and contractual purposes.
• Coordinate with internal and external auditors on project-related reviews and compliance checks.
• Raise service delivery risks and issues with the SSC leads.
• Support service performance improvements, root cause analysis, and the removal of service delivery blockages.
• Review and manage escalations or exceptions raised by the SSC team, further escalating to the geography financial controller and finance director as needed.
• Support the financial controller with balance sheet reconciliation reviews and open item resolution. Liaise with the SSC to enable final sign-off and support action plans for unreconciled items.

Requirements

Experience requirements

Essential:

• Secondary education or higher qualifications.
• CA/CIMA or equivalent qualification.
• Previous experience in a business partnering role in a medium-sized business.
• Broad knowledge of the practical, day-to-day operations of an accounting team.
• Experience working with integrated ERP business management systems.
• Proficiency in Microsoft Excel.

Preferred:

• Further education qualifications.
• Exposure to fast-paced organizational change.

Anticipated skills

Technical discipline expertise

• Experienced accountant with 3–5 years of experience in a project environment.
• Experience managing long-term contracts.

People and communication

• Conveys information fluently, interpreting and clarifying details and explaining rationale.
• Manages relationships with project managers, operations teams, and procurement teams.
• Manages day-to-day relationships with SSC team leads, acting as a project point of contact.

Problem-solving and decision-making

• Finds ways to condense large amounts of information into a useful form.