What are the responsibilities and job description for the Accounting/Payroll Manager (supporting project) position at McDermott International, Ltd?
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
The Accounting/Payroll Manager will manage professional employees and supervisors and is accountable for the performance and results of the Project Accounting group. The role will address resource and operational challenges by appropriately adapting departmental plans and priorities.
Key Tasks and Responsibilities:
- Ensuring preparation and review of weekly craft/hourly payroll for completeness.
- Ensure labor invoicing is accurate and in compliance with contract terms.
- Ensures compliance with internal/external regulations and procedures.
- Optimize project cash flow through management of an estimated and actualization process for labor billings.
- Promotes commercial awareness in the project team and provides commercial input to the project execution plan.
- Monitor the proper identification and follow up on client exceptions on invoicing.
- Responsible for supporting project external/internal financial audits.
- Prime contact for all labor related matters to ensure proper execution of the project financial execution plan.
- Monitor commercial compliance with contracts/agreements with clients, partners etc.
- Supervise Project Accounting (labor) and timekeepers.
- Project Site Position: Port Arthur/Sabine Pass.
- If required may aid other Project Accountants with heavy workload if required
- If required may replace colleagues during illness and holidays or re-assignment to other projects
- Reports to the Director Project Accounting, GPX.
Essential Qualifications and Education:
- Bachelor’s Degree in Accounting, Finance or Business Administration
- Experience in a variety of financial related roles for 5-10 years with project accounting experience in a large corporation preferred.
- Working knowledge of US GAAP standards and application to include reading and understanding the income statement, balance sheet, cash flow.
- Practical and flexible attitude with an independent judgment.
- Ability to support the project based role and work in fast-paced and dynamic environment and deliver accurate results.
- Must effectively interface with clients, business associates, peers and subordinates.
- Must be detail-oriented, a team player and able to effectively work to strict deadlines.
- Must be computer literate with working knowledge of finance and accounting system and strong Excel skills.
- Ability to work in a multi-office, multi-cultural, multi-regulatory project execution environment.
- Good Verbal and written communication skills required.