Accountant, Capital Projects
Position Title: Project Accountant, Capital Projects
Location – Superior, WI - Northern Great Lakes Region
Work schedule / hours of work - Mon - Friday, 40 hours/week
***Ideally, the manager is looking for local candidates for this role but would consider candidates from the Minneapolis area as well**
POSITION SUMMARY:
Reporting to the Company Finance Manager, you will be embedded within the broader Company Project team and be a key resource to both the project team and Corporate Finance with presence and communication for accurate and complete reporting of actual/incurred costs to date by WBS against budgets and full analysis of Costs to Complete to validate overall project cost against budget. In addition, this position will be expected to be closely involved with all Project Controls meetings with the General Contractor (GC), evaluate and report on opportunities for project cost reporting process improvements (Example: Earned Value reporting of Cost Performance Index (CPI) and Schedule Performance Index (CPI), and be engaged with other key support groups including Supply Chain Management (SCM) and Field Cost Control to assist with this objective while ensuring Company policies and procedures are adhered to including but not limited to key areas of invoice review and attestation (depending on contract type and terms), scope change order approvals, schedule change management authorization, and compliance audit support.
CORE RESPONSIBILITIES
• Maintain an ongoing presence at the Project site working with the Project Controls Manager (PCM) and Project Cost Analyst (PCA) on the Project
• Understand in detail the WBS structure of the Project and all underlying support and assumptions for variance analysis reporting of actual/incurred costs versus budget
• Become proficient with SAP / Business Objects BI Reporting through leveraging of other subject matter experts on site who run AFE / WBS cost reports, Open P.O. Commitment Reports, etc.
• Attend regular meetings with the Project Team (contractor meetings, internal project meetings, contract reviews, etc.) and take detailed minutes to manage action items along with the PCM and ensure some form of "RAID" (Risks, Action Items, Issues, Decisions) document impacting cost control is being managed by the PCM
• Liaise with COMPANY Finance Manager in the process of analyzing and providing commentary on variances highlighted in standard management reports including but not limited to capital additions / WBS cost reports, resource loaded schedule reports, labor productivity reports, etc.
• Assist PCM with Cash Flow forecasting, AFE change requests and other ad hoc reporting requests being made to the PCM
• Provide analysis to support Management Discussion and Analysis and press release information
• Work with the Finance Manager to identify and assist in implementation of corrective actions to close variances identified in monthly reporting and forecast analysis
• Understand and help enforce any Financial approval/authority matrixes for invoices, scope changes, field approvals, transfers from contingency or between scopes, etc.
• Working with COMPANY Finance Manager and Accounting Staff, ensure the month-end cut-off process is adhered to for COMPANY’S PROJECTmonth-end accruals (pre-post accrual validation against budget and post-accrual validation in SAP against pre-post files) and validate accuracy of those accruals by P.O. / WBS
• Ensure invoices are being coded to proper WBS / cost element codes in alignment with budget
• Ensure reconciliation of monthly project costs on the Incurred profile are reconciled with the AFE project asset additions in SAP each month and investigate differences.
• Support Procurement / SCM Service Center processes and initiatives as required and help ensure payments are made in accordance with contract terms.
POSITION QUALIFICATIONS
• A Bachelor of Science/Arts or equivalent with a specialization in Accounting / Finance / Project Management
• Professional designation (CPA, PMP, CMA, CIA) Not all required but one or more.
• Minimum 5 years' relevant experience in Project/Construction Accounting or business/financial analysis
• Minimum 3 years' relevant experience in Project Accounting / Project Controls and business/financial analysis, highly preferable in the construction and/or oil and gas industry
• Strong computer skills and a solid knowledge of SAP and/or other Project / ERP, and Business Intelligence reporting systems are required
• Excellent oral and written communication skills
• Excellent analytical and problem-solving skills
• Strong financial acumen
• Strict attention to detail and accuracy, with a demonstrated ability to work independently, multi-task and meet deadlines
• Ability to interact effectively with all levels of management
• Self-starter able to perform with broad guidelines on delivery
• Strong organizational, interpersonal, leadership and team skills
• Ability to apply innovation and initiative to problem-solving and trend analysis
Must Have:
· Bachelor of Science/Arts or equivalent with a specialization in Accounting / Finance / PM
· Relevant experience in Project/Construction Accounting or business/financial analysis and 5 years
· Relevant experience in Project Accounting / Project Controls and business/financial analysis and 3 years
· Solid knowledge of SAP and/or other Project / ERP, and Business Intelligence reporting systems
· Strong computer skills in MS Office (Microsoft Word, Excel. PowerPoint
· Strong financial acumen
Nice to Have
· Professional designation (CPA, PMP, CMA, CIA)