FMC Technologies, Inc. is a leading global provider of technology solutions for the energy industry. Named by FORTUNE® Magazine as the World’s Most Admired Oil and Gas Equipment, Service Company in 2012, the Company has approximately 16,800 employees and operates 30 production facilities in 16 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.
Finance and Accounting
Performs accounting duties of a complex nature requiring advanced professional experience, knowledge and competency in accounting principles and practices. Responsible for quotation, budgeting, invoicing, cost control and reporting for dedicated projects in Customer Support. Assist Project Manager in financial issues and be involved in decisions of financial characters
Understand the fundamentals of project financial management using WBS structures as profit and cost collectors.
Create and maintain project networks to track and plan office direct labor and material costs.
Create and maintain project billing milestones.
Set-up billing sales order documents based on the payment terms and schedule defined in the customer contract
Create and maintain project billing plans
Understanding of the difference in commercial terms (Cost Plus, Unit Rate, & Fixed Price)
Create project specific and customer specific pricing agreements for reimbursable scopes of work
Create and analyze debit memo requests for earned reimbursable scopes of work
Create and analyze billing request documents for earned fixed price milestones.
Assist the Project Manager in managing project AR including obtaining supporting documentation and following up with customer AP personnel to ensure that invoices are paid within the terms defined on the contract
Analyze project actual, committed and planned costs at a very detailed basis to assess what the appropriate EAC should be on a monthly period basis.
Analyze production progress reports to understand actual progress and areas where commercial deliveries in the future could be at risk.
Understand the potential magnitude of remaining scopes of work based on current and past performances (Productivity).
Assist the Project Manager in the identification, assessment, and development and management of mitigation plans for project risks.
Understand project scopes of work and identify when project scope changes have occurred
Assist in the development and execution of internal and external project changes.
Analyze actual cost and understand if improper cost allocations have occurred.
Challenge product Work Package Leads on financial and delivery data if necessary.
Responsible for internal budgeting on projects in accordance with internal procedures
Tasks related to period-end-closing
Monthly internal reporting – Cash flow forecast, project financials, WIP etc
Skills And Requirements
Bachelor’s degree in Accounting, Finance and Business Administration. ACA or ACCA preferred.
8 years or more of related professional accounting experience.
Computer skills with knowledge of word processing, spreadsheet and financial analysis software.
Experience in implementing accounting systems, methods, procedures and controls.
Strong knowledge of policies and procedures, organizational structure, and relationships between functional areas.
Demonstrates ability to work independently and to solve non-recurring problems. Demonstrates leadership ability and proficiency in mentoring, thinking creatively, and project planning. Demonstrates ability to effectively communicate information to appropriate parties.