Overview job description:

To provide project cost accounting support for projects, ensuring accurate cost control, forecasting, reporting and financial governance.

The role acts as the key finance interface to the Project Team, providing timely financial insight and analysis to support effective project decision-making and delivery.

Main duties and responsibilities:

• Set up, maintain and monitor project AFEs, budgets, WBS/cost structures and reporting codes for projects.
• Monitor commitments, actual costs, accruals and forecast expenditure against approved budgets and AFEs.
• Prepare monthly project cost reports, including actuals, commitments, accruals, approved changes, forecast final cost, variance explanations, contingency overview and summaries.
• Support monthly reporting.
• Review coding and allocation of project costs to the appropriate AFE, WBS, cost centre and account code, liaising with Finance, Supply Chain and Project team members to resolve coding issues or missing support.
• Support the monthly accrual process by identifying goods and services received but not yet invoiced, coordinating input from contract owners and budget holders, and preparing supportable accruals.
• Support budget and forecast updates, identifying variances, trends and emerging financial risks and preparing revised forecast final cost for review by the Finance Manager and Project Team.

Applicants to this role require:

• Bachelor's degree or equivalent experience in Accounting, Finance, Business, Project Controls or a related discipline.
• Qualified Accountant, Part-qualified Accountant, qualified by experience, or experienced Cost Accountant with a strong project accounting background. 
• Minimum 5 years relevant experience in an Oil and Gas operator environment.
• Strong understanding of project cost control principles, including AFEs, budgets, commitments, actuals, accruals, forecasting, cost coding, WBS/CBS structures, variance analysis and forecast final cost.

TMM Recruitment INDFIN