Principal Accounting Administrator

11 hours ago

Chennai, Tamil Nadu, India McDermott Full time ₹ 20,00,000 - ₹ 25,00,000 per year

Job Overview:

The Principal Accounting Administrator provides solutions to problems in situations that may be atypical or infrequently occurring based on practice and existing precedents or procedures. The work of the Principal Accounting Administrator directly impacts the quality of the work of the team. They can communicate technical Accounting information to the team and suggest improvements to existing processes.

Our ingenuity fuels daily life. Together, we've forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.

For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.

Key Tasks and Responsibilities:

  • Assist the project accountant in the maintenance of internal financial control of the project
  • Ensure that invoices are rendered to clients on a timely basis according to contract terms and that project costs are properly processed and recorded
  • Responsible for client audit interface
  • Work with project procurement and subcontracts functions to report commitments amounts
  • Assist in the preparation of monthly and quarterly financial reports, including project cash flow and review with the project management team
  • In the absence of the project accountant, work directly with the project cost controls to prepare project cost reporting and review project profit estimates
  • Assist in updating the Cost and Commitment Tracking System
  • Align and Coordinate with other departments on project-related financial matters and maintain this interface throughout the life of the project
  • Assist the project accountant in the preparation of percentage of completion calculations
  • Provide inputs to the receivable's accountant for the weekly cash forecast
  • Assist the project accountant in the review and analysis of costs charged to the project
  • Manage accounts payables processing for the project

Essential Qualifications and Education:

  • Bachelor's degree in a related discipline is desirable as it aids in the comprehension of the job requirements
  • 4-5 years of relevant experience
  • High proficiency in MS Excel
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