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.
StudySmarter Expert Advice🤫
We think this is how you could land Director Project Accounting in London
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like McDermott International. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from McDermott International.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like McDermott International. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Director Project Accounting in London
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in McDermott International and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show McDermott International how you can be a team player!
How to prepare for a job interview at McDermott International
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with McDermott International.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with McDermott International's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
