Financial Controller
1 day ago
We are seeking a highly skilled Senior Accountant to join our team in Aberdeen, Scotland.
- Directly responsible for month end close activities in Oracle system to ensure results are accurately reported and analyzed for a selection of contracts. This includes calculation of accruals, unbilled and unearned entries as required in compliance with technical accounting standards and 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.
- Provision of clear and concise variance analysis of actual monthly results compared to budget / forecast to help support contract management to understand and act upon financial results.
- Balance sheet responsibility for unbilled, unearned, accounts receivable and accruals to ensure accurate reporting, aging and improvement actions.
- Days Sales Outstanding (DSO) - reporting, analysis and supporting improvement.
- Provision of financial information as required by the business including Project Governance Reporting, HSE manhours and others as required.
- Presentation of monthly results to Contract Manager / Finance Business Partner.
- Undertake control checks on invoices produced by DFSS billing in conjunction with commercial team ahead of submission to client and provide guidance to DFSS billing team on any non-routine invoicing requirements that occur.
- Preparation and analysis of annual Budget, Mid-Year Forecast and monthly Rolling Forecasts for collection of contracts in conjunction with Contract / Delivery Managers and Commercial teams for minimum rolling 12 months.
- Provide clear and concise variance analysis on forecasts, tracking reasons for movement in Revenue / Gross Margin compared to budget / latest forecast.
- Maintenance of a risks / opportunities schedule to support latest forecast.
- Preparation of contracts cash flow forecast (rolling 13 week lookahead), active monitoring of payments, escalating issues to Contract / Delivery Managers & Finance Business Partners as applicable.
- Review and act on findings from labour / non-labour reconciliations on a monthly basis to ensure corrective actions can be taken in a timely manner and share findings with function to assist others.
- Ensure compliance with all Wood policies including accounting, credit risk and code of conduct.
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