About the Job

Nexant is looking for aProject Accountant who will be 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

• Setting up of new projects with correct information
• Review and adjust revenue recognized on accounting system to ensure revenue is reported as accurately as possible for fixed-price projects
• Ensure Time & Material projects and Monitoring projects are continually updated to show accurate contract values and forecasted hours
• 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
• Obtaining bid and performance bonds for projects
• Collections: contact client one week after invoice is raised to confirm safe receipt of invoice and all is in order for on-time payment
• Warn FD of potential collections problems and discuss routes to escalate
• Post cash receipts when invoices paid
• Reconcile AR balance on balance sheet with AR aging report
• Prepare month-end inter-company invoices for posting
• Management reporting of above areas including project performance, revenue recognized for the month-to-date, over dues and other KPI’s
• Assist with the year-end audit and any other ad hoc requirements.

Qualifications

· Minimum 2-3 years project accounting experience, ideally with a large-scale ERP such as Oracle, SAP or NetSuite

· Book-keeping or accounting experience

· Quick learner and get up to speed with accounting systems

· Ability to cope in a fast-changing environment

· Team player and dependable

Salary and Benefits:

Nexant offers a competitive compensation package.

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