Finance Lead

4 weeks ago


Aberdeen, United Kingdom oilandgas.org.uk Full time

JOB DESCRIPTION

The successful candidate will lead a team of Accountants to deliver accurate accounting, reconciliation and reporting of key financial data to enable the business to monitor performance, drive improvement, collect cash and ensure governance across a collection of key client contracts. You will manage resources, deadlines and business requirements effectively to meet needs across all Service Lines / Contracts.

RESPONSIBILITIES

Lead and manage a team of Senior Accountants to deliver accurate and timely month end close activities including :

  • 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
    • preparation of monthly management accounts covering P&L to Gross Margin level including reimbursable labour, recovered in rate costs, lump sums, procurement, plant & equipment, plus other reimbursable, non-reimbursable and contract specific items
    • balance sheet reporting on unbilled, unearned, accounts receivable and accruals to ensure accurate reporting, aging and improvement actions
    • reporting, analysis and improvement of Days Sales Outstanding (DSO)
    • Oversight of accurate and timely month end close activities ensuring all results are complete and high-level analysis by contract/ SL understood and communicated to Business Partners prior to module close deadlines
    • Update balance sheet review and backup files with month end numbers following close of module and validate contract submissions to ensure reconciliation to GL reports ahead of HFM upload, 2 workings days post module close
    • Plan and organise workloads to ensure all deadlines are met, team are challenged and engaged, and the service being provided to the business is exceptional
  • Ensuring compliance with information requests from the business including Project Governance Reporting, HSE manhours and others as required
  • Forecasting - resource and support preparation and analysis of annual Budget, Mid-Year Forecast and monthly Rolling Forecasts across all Service Lines, ensuring deadlines are met
  • Functional focal point for relationship with Delhi Finance Service Centre (DFSC) and management of service level agreements
  • BNP Focal point for selling and repaying invoices for clients utlising the receivables financing arrangement
  • Monitor and report on Time to Bill (T2B) metrics with aim of managing service levels, flagging any concerns, and sharing best practice with the teams
  • Supervision and management of the team including timesheet and holiday approvals objective setting and performance management as required
  • Work with the FBPs with a focus on people development to train and develop junior staff, support those studying for exams and work on development plans for those looking to progress in the organisation
  • Responsible for identifying and highlighting opportunities for continuous improvement within the Function and DFSC areas and sharing of best practice across the contracts
  • Ensure compliance with all Wood policies including accounting, credit risk and code of conduct policies
  • Financial performance - actual versus forecast and ability to articulate variance analysis
  • Days Sales Outstanding performance - teams accuracy of cashflow forecasting and efficiency at collecting cash
  • Volume of leavers within team, development opportunities for team, staff morale
  • Compliance with corporate submissions - deadlines met / missed
QUALIFICATIONS

Qualifications:


  • Fully qualified with relevant professional body
Knowledge & Experience:


  • Extensive expereince in accounting / business experience
  • Previous experience of managing a team and planning and organising resources to achieve desired outcomes
  • Previous experience of leading and developing talent
  • Excellent commercial awareness
  • Competent at using ERP / forecasting systems
  • Proficient user of Excel, PowerPoint
Job-Specific Skills:


  • Technical skills and experience to conduct and review various accounting tasks
  • Highly organised and ability to prioritise tasks for self and team
  • Must be able to plan to meet deadlines every time without compromising accuracy
  • Attention to detail is critical
  • Must be adept at managing resources, workloads and deadlines as well as working autonomously
  • Customer focused - internally and externally
  • Ability to discuss issues clearly and concisely at all levels within the organisation
  • Proactive nature to seek out opportunities for improvement and deliver against these
  • Ability to train others and provide technical information and support
  • Excellent problem solving skills with a focus on bringing solutions to the table
ABOUT US

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 60 countries, employing around 35,000 people.

Diversity Statement

We 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. #J-18808-Ljbffr
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