The Project Accountant is responsible for project and financial reporting in Nexant Ltd., a subsidiary of a US company. The company is a management and technology-based consultancy to the petrochemical industry, with clients in the Europe, Middle East, and Africa. An essential role is to work with project managers to set up, update and maintain project information and budgets within the project accounting system. The goal is project control, not project administration. This entails working with the Finance Director to track performance against forecast, recognize revenue accurately, invoice clients when due, collections, and reporting this information accurately and regularly to project and senior managers. Duties and Responsibilities: 1. Setting up of new projects with correct information. 2. Review and adjust revenue recognised on accounting system to ensure revenue is reported as accurately as possible for fixed-price projects. 3. Ensure Time & Material projects and Monitoring projects are continually updated to show accurate contract values and forecasted hours. 4. Track milestones and liaise with project managers to ensure invoices are sent on time, that they are accurately raised, and that the customer is ready to accept the invoice. In addition, ensure contact information about clients is correct. 5. Obtaining bid and performance bonds for projects. 6. Collections: contact client one week after invoice is raised to confirm safe receipt of invoice and all is in order for on-time payment. 7. Warn FD of potential collections problems and discuss routes to escalate. 8. Post cash receipts when invoices paid. 9. Reconcile AR balance on balance sheet with AR aging report. 10. Prepare month-end intercompany invoices for posting. 11. Management reporting of above areas including project performance, revenue recognised for the month-to-date, overdues and other KPI’s. 12. Assist with the year-end audit and any other ad hoc requirements. Experience and Education: Minimum 2-3 years’ project accounting experience, must have Oracle Fusion experience. Ideally has some book-keeping or accounting qualification. Can get up to speed quickly with accounting systems. Personal attributes Fast learner Team player Able to cope in a fast-changing environment Dependable Other Working times: This role services the Americas consultancy office, which is based on the East Coast in the USA and five hours behind UK time. The working hours should accommodate this as far as possible by commencing later in the morning and finishing later in the evening. International travel: This role will entail travel to the US consultancy office in and possibly other offices. It is envisaged to be up to once a month initially and then regularly in future.