The Project/Financial 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 core 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 Financial Controller to track performance against forecast, invoice clients when they are due, collections, and reporting this information accurately and regularly to project and senior managers.

In parallel, the role includes ensuring that the financial accounting is managed accurately and on a timely basis. This involves raising month-end journals, ledger reconciliations and balance sheet reviews. The role will suit someone seeking to be involved and to learn about as many aspects of accounting as possible.

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 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 FC 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.Work with FC for forecasting and budgeting.

13.Month-end financial accounting including journal posting, updating balance sheet schedules, confirmation of accurate expenses recorded in P&L, control of unapplied cash account.

14.Assist with the year-end audit and any other ad hoc requirements.

Qualifications and Requirements:

Minimum 3-5 years’ work experience and part-qualified with an accounting qualification, eg ACCA or CIMA.

About Nexant E&CA :

• Nexant’s Energy and Chemical Advisory (E&CA) Business Unit is an independent global consulting firm that provides advisory services to the energy and chemicals sector. Nexant’s experience covers all market and techno-economic aspects of refinery, petrochemical, polymer, and biorenewable businesses. Nexant's key consulting offices are located in White Plains, San Francisco, London, Bahrain, Bangkok, Kuala Lumpur and Shanghai.

• Nexant offers consulting services in the following areas:

• Strategy Assistance: Entry or exit strategies, growth or diversification strategies and general planning and organizational advisory services

• M&A Assistance: Including due diligence, asset evaluation, and valuation support

• Master Planning and Feasibility Appraisal: Covering independent evaluation of small, medium and large-scale investment projects

• Technical Reviews: As advisors to sponsors for performance improvement, or lenders for Project Finance and M&A

• Project Evaluation & Financing: During the past few years Nexant has provided Independent Consultancy to the sponsors and/or lenders for over $100 billion of investment projects that have been successfully implemented

• Market Assessments: Analysis of supply, demand, and trade for all major products in the sector and many specialties, including market drivers and cost competitiveness.

Nexant offers a competitive compensation package.

Nexant, Inc. is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.