Project Accountant II

We deliver the world’s most complex projects. Work as part of a collaborative and inclusive team. Enjoy a varied & challenging role. Building on our past. Ready for the future Worley is a global professional services company of energy, chemicals and resources experts headquartered in Australia. Right now, we’re bridging two worlds as we accelerate to more sustainable energy sources, while helping our customers provide the energy, chemicals and resources that society needs now. We partner with our customers to deliver projects and create value over the life of their portfolio of assets. We solve complex problems by finding integrated data-centric solutions from the first stages of consulting and engineering to installation and commissioning, to the last stages of decommissioning and remediation. Join us and help drive innovation and sustainability in our projects.

As a Project Accountant II with Worley, is to develop project accounting procedures for project(s) assigned. Considers complex situations related to the contract, staff size, geographic location, etc. Helps ensure compliance with Company policy, project requirements, and good accounting procedures. Your skills and expertise will be utilised across a range of domestic and international projects, starting in the bid phase, continuing to award, start up and execution. This role supports teams across multiple time zones and will require working hours aligned to global operations. Project initiation Accountable for the financial implications of the set up and maintenance of projects in the business system in accordance with policies, pricing schedules, customer details, calendars, payment plans. Interprets the contract terms and conditions and ensures commercial terms are built into project set up Ensures projects are financially closed Leads/Supports Audits Reporting & Analysis Ensures processes in place to enable accurate revenue recognition Regularly reviews margins, WIP, debtor and cash flow Ensures intercompany payables or receivables reconciled with counterpart and ensure prompt payments Link between Accounts Payable and project for coding invoices, ensuring that missing/expected invoices are accrued for/accounted timely Create and validate forecast/budget for chargeable hours, sell/cost rates, resulting margin and ensure target is reasonable Produces and analyses trend and variance report as needed Gathers project accruals and provision information as needeed Owns the accuracy of financial data as reported in monthly WPR’s through collaboration with project team Work closely with project controls and finance analysts to produce monthly reports and estimates Works closely with project operations, controls and billing coordinators to improve project administration processes and effectiveness. Business Partnership Participates in processes that enable the project team to effectively manage its costs and risks. Identifies and implements specific cost reductions and/or leakages, providing input into risk management exercises. Day to day finance business partner to the project management team and representative of Finance function to them Cash Management Ensures invoicing plan is in place to maximise DSO Reviews DSO reports and assists in the development of corrective action plans Works with customers to ensure invoices have been received, approved, and actioned providing status to Project Team P rovide input into cash forecast to ensure accuracy and appropriate challenge to expedite cash collection Reviews WIP/AR reports with project Managers to ensure timely billing and collection Attest/review project transaction documents and accounts for accuracy and completeness, including sub-charges, data sheets, time reports, expenses, subcontractor invoices etc. Ensures accurate production of customer invoices, credit notes and back up documentation Ensures billings do not exceed approved budget limits and works with project managers and project Controls to