Project Accountant

Job Description

Who we are
Do you want to join our Geo-data revolution? Fugro’s global reach and unique know-how will put the world at your fingertips. Our love of exploration and technical expertise help us to provide our clients with invaluable insights. We source and make sense of the most relevant Geo-data for their needs, so they can design, build and operate their assets more safely, sustainably and efficiently. But we’re always looking for new talent to take the next step with us. For bright minds who enjoy meaningful work and want to push our pioneering spirit further. For individuals who can take the initiative, but work well within a team.

Basic Function

The Project Accountant is responsible for the accurate management of the financial accounts of all assigned projects within the Business Line.  The primary function of this role is to accurately track and report project revenues, change orders, costs, overheads, actual and forecast Earned Value and projected versus actual cash flow.. Work with project managers to design and optimize best financial strategies that achieve all project contractual requirements with efficient use of resources. Validation before submission to client and tracking of invoice payments against modelled cash flows. Project revenues (both invoices and WIP) and cost to be reconciled with accounts department to ensure matching values at month end closing.

Project Accountant shall advise Service Line Managers and Project Managers on their individual project financial (EVA and Cash) performance. In addition to this function, the Project Accountant shall assist the Business Line Managers and Service Line Managers in preparation of the required monthly financial accounts and reports.

Primary Duties and Responsibilities

a) Maintain accurate actual revenue and cost records of all medium to large projects;

b) Forecast Earned Value and Cashflow with the ability to develop optimal financial strategies with project managers before deployment/commitment of resources.

c) Reconcile project revenue and costs with accounts department

d) Setup project schedule contract invoicing and cash milestones.

e) Validate project invoices before submission to client and track client payment cashflows.

f) Track and advise project managers on individual project outstanding DRO (Days Receivable Outstanding) and DBO (Days Billing Outstanding) days

g) Assist in preparation of monthly and quarterly project reports;

h) Help prepare monthly project forecasts revenues and margins.

i)  Follow up Clients regarding timely payment within the contractual timeframe, as well as chasing up overdue payments.

Principal Working Relationships:

The Project Accountant is required to work closely with Project Managers, Project Coordinators and Business Controller

Qualifications required:

CA Inter, Mcom, ICWA or similar professional qualification required.

Skills / experience required to do the job:

a) Min. 4 years’ experience in equivalent position in a similar industry.

b) Fluent in the English language, both written and spoken.

Role specific Behavioural competencies required:

Problem-solving/judgment: ability to observe, think critically and to solve problems using data, analysis, interpretation, and reasoning skills.

Teamwork: Dedication and ability to work successfully with others in a team.

Information & Communication: The ability to receive information from and convey information to others timely and successfully, using appropriate language, and communication tools (spoken, written etc.).

Client focus: The ability to generate client satisfaction (internally or externally), potentially resulting in long term client relationships and additional work.

Planning & organizing: The ability to set priorities and determine actions, time and resources (tools, software, people, and budget as appropriate.) to achieve pre-defined goals. Monitor and manage timely delivery, leading to reliability and client satisfaction. Resources (documents, tools, diary etc.) are well-organized and up to date.

Agility: the proven capability to be flexible, responsive, adaptive, and show initiative in times of change (e.g. priorities, work planning/location, skills/technologies, work processes, relationships), uncertainty and opportunities.

What we offer

Fugro provides a positive work environment as well as projects that will satisfy the most curious minds. We also offer great opportunities to stretch and develop yourself. By giving you the freedom to grow faster, we think you’ll be able to do what you do best, better. Which should help us to find fresh ways to get to know the earth better. We encourage you to be yourself at Fugro. So bring your energy and enthusiasm, your keen eye and can-do attitude. But bring your questions and opinions too. Because to be the world’s leading Geo-data specialist, we need the strength in depth that comes from a diverse, driven team.

HSE Responsibilities:

Responsible for ensuring safety of self and others at site. Prevent damage of equipment and assets Responsible for following all safety signs/procedures/ safe working practices Responsible for using appropriate PPE’s Responsible for participating in mock drills. Entitled to refuse any to undertake any activity considered unsafe. Responsible for filling up of hazard observation card, wherever hazard has been noticed at site. Responsible for safe housekeeping of his work place. To stop any operation that is deemed unsafe To be able to operate fire extinguisher in case of fire To report an incident as soon as possible to immediate supervisor and HSE manager To complete HSE trainings as instructed to do so

Disclaimer for recruitment agencies:

Fugro does not accept any unsolicited applications from recruitment agencies. Acquisition to Fugro Recruitment or any Fugro employee is not appreciated**.**