At a Glance
- Tasks: Lead a project accounting team to drive financial performance and influence project profitability.
- Company: Join a long-standing company driving energy transition and large-scale engineering initiatives.
- Benefits: Competitive salary, professional development, and the chance to shape impactful projects.
- Other info: Opportunity for career growth and collaboration with cross-functional teams.
- Why this job: Make a real impact in a dynamic environment while leading a talented team.
- Qualifications: 15+ years in oil and gas or construction, with strong leadership and technical skills.
The predicted salary is between 54000 - 66000 £ per year.
Overview
In this role you will lead a senior project accounting organization to drive financial performance across offshore and infrastructure projects.
You will shape accounting, reporting, and revenue processes in a complex, multi-site environment and partner with leadership to influence project profitability and client relationships.
You’ll oversee ERP changes, standardize collections, and coach a growing team to deliver timely, accurate project insights.
This position offers high impact in a long-standing company driving energy transition and large-scale engineering initiatives.
Responsibilities
- Prepare monthly project lists, AR, revenue, labor, and profitability reports for leadership and project staff
- Manage month-end revenue recognition and WIP reports
- Oversee collections processes with external resources
- Resolve complex project setups and billing issues with project staff
- Oversee billing schedules for timely invoicing
- Monitor cash receipts and resolve credits from overpayments
- Audit monthly billings vs project spending for revenue integrity
- Oversee consultant payables and weekly check runs
- Maintain billing tables and rate schedules
- Lead reviews with project staff on client accounts with collection or profitability issues
- Provide training on billing and project profit management
- Oversee ERP changes to improve contract, billing, collection, and reporting processes
- Support marketing surveys, audits, and tax filings
- Recruit, train, and motivate the project accounting team
- Direct the Project Accounting team in accordance with policies and laws
- Hire, assign, and evaluate staff; manage performance; address issues
- Identify process improvements and implement changes for business value
- Ask clarifying questions to increase understanding
- Show initiative and act promptly to meet objectives
- Collaborate with cross-functional teams to achieve goals
- Enforce compliance with Mc Dermott policies and procedures
- Ensure mandatory training completion by teams
- Key requirements
- 15+ years of experience in oil and gas, EPCI, or construction
- Bachelor’s degree in Finance and Accounting plus relevant certification (CA/ACCA/CPA)
- Experience with project-based organizations and project implementations
- Strong leadership, delegation, and coaching abilities
- Excellent written and verbal communication
- Organized, accurate, detail-oriented
- Advanced technical skills (Excel, Power Point, Power BI, Oracle, One Stream)
- leadership
- communication
- ownership and initiative
- Excel
- Power Point
- Power BI
Director Project Accounting in London employer: McDermott International
At McDermott, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As a Senior Commercial Specialist, you will be part of a team that drives the energy transition while benefiting from extensive employee growth opportunities and a commitment to professional development. Our hybrid work model and focus on sustainability make McDermott not just a workplace, but a community dedicated to making a meaningful impact in the energy sector.
