Own project accounting function on a dedicated project(s).
Ensures understanding of the project contractual scopes, commercial terms and conditions, rights, liabilities, and risks (thorough contract review and incorporation of details into project lifecycle responsibilities)
Ensure completeness, timeliness and accuracy of all matters relating to invoices to clients. Ensure debts are collected to drive positive cash.
Owns and conduct monthly project progress reviews from financial perspective, performed variance analysis and risk contingency analysis, and raise immediate concerns to leadership team if any.
Owns and do monthly cost accrual.
Owns and do monthly revenue recognition evaluation, earned value trending, forecasting and compile other key project indicators.
Track budget against plan, review costs, analyse non-billables, ensuring profit are maximized.
Completes project commercial close out on the tasks related to the project accounting function
Owns and ensure proper accounting and tax treatment are applied for each transaction.
Owns reconciliation of accounting (ERP) and Project Controls systems to ensure consistency in reporting (Project cost report and financial project report).
Owns and ensure Inter-company agreements are in place and adhere to group IC policy and transfer pricing compliance.
Proactively advice on improving the processes related to the project accounting function.