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Cost Accountant

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Finance & Insurance
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1673 Total Views
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190001XT Requisition #
TechnipFMC is a global oil and gas leader, specialized in subsea, onshore, offshore, and surface technologies. Our mission: to enhance the performance of world’s energy industry. How we do it: by constantly challenging conventions and investing in our 37 000+ employees, across 48 countries. At TechnipFMC, we aim to offer an inspiring working experience: tackling some of the most complex technical and engineering challenges in the world in collaboration with a truly global team.

POSITION PURPOSE:
Develop and monitor financial plans, forecasts and budgets for all Projects under MS responsibility to protect, maintain and improve project budgeted profitability; implement the Risk Management Process in Projects including identification, mitigation and reporting of risks.
Collect, analyze and forecast project cost information in order to provide accurate reporting of financial data (e.g. Estimates at Completion, Job to Date, cash flows) in compliance with TechnipFMC financial reporting policies.
Interfaces with the disciplines involved in the project execution to ensure accurate reporting of engineering, procurement, fabrication and testing.
Prepare actual costs feedbacks to the Estimating group.

POSITION DUTIES:
• Work independently to perform a wide variety of cost accounting/control tasks including definition and monitoring of project budgets, forecast/job to date cost accounting, weekly flash/ monthly cost reports, consolidation of cost of sales, variance analysis.
• Performs assigned duties needed to complete month end reporting requirements, account reconciliations and other period closing activities.
• Develop and maintain computer models, systems and data bases for new and existing projects and update EAC forecasts in the ERP system
• Review committed and actual project costs on regular basis, review and update cost coding and allocations in ERP system, review, analyze and update project cost forecast values (EAC). Assisting Project Managers in Optimizing and improving budgeted projects.
• Provide periodic and ad hoc reporting to the PMs and reviews projects costs prior to month closing. Prepare the PMR for review with PM and Corporate Management during the monthly Project Reviews. Alert and report any significant movement expected in project EACs.
• Develop change requests in coordination with the PM. Maintain project deviation and trend registers.
• Review project invoicing (receivables and payables) for accuracy, completeness and timely processing
• Reconcile project cost reporting with accounting and financial records and monitor project cash flows to ensure correct levels of working capital
• Review ICPOs (internal Purchase Orders) for compliance with Inter-company pricing rules and hedging of non U.S. currencies.
• Prepare project close-out reports, and provide feedback to Estimating group during project execution and at completion to assist improving accuracy
• Defines and manages the preparation and issuance of all required risk procedures and ensures their due application by all parties throughout the duration of the project.
• Identify risk across all areas of the project through organization of regular risk assessment sessions with various areas, functional managers and groups.
• Ensure that appropriate mitigation actions are agreed and are being implemented. This include defining ownership of all significant risks and mitigation actions. Work with risk owners to put in place documentation for all controls and risk mitigation plans.
• Implements plans within his / her authority to address project issues and opportunities. When the required action is outside its authority, recommends action to project manager.
• Perform project risk sensitivity analysis as mandated by TechnipFMC policies
• Participate in all project meetings related to project status, progress, scope, cost and schedule.
• Assist in the development, review and implementation of key processes, policies and procedures related to cost accounting and risk management
• Proactively review established cost control practices and procedures. Recommend changes in and additions to such practices and procedures. Implement such changes where applicable and approved in order to enhance the department’s efficiencies and effectiveness.
• Act as a project point of contact for internal and external audits of all cost control functions by providing full assistance to the auditors

POSITION REQUIREMENTS:
• Bachelor’s Degree in Engineering, Finance or related discipline
• 3-5 years of experience in Project Cost Control & Risk Management role and a thorough understanding of Cost & Risk Management Principles
• Technical/project exposure in an engineering environment is a plus
• A master’s degree in business administration and/or professional cost control/accounting certification (e.g. CPA) is a plus
• Excellent communication skills
• Effective in working on deadlines; with sound commercial awareness and contract knowledge; good numerical and analytical skills; general management and project management skills.

Learn more about TechnipFMC
Learn more about us and find other open positions at our Career Page. Follow us on LinkedIn for company updates.

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