Director Project Accounting

Overview

In this role you will lead a senior project accounting organization to drive financial performance across offshore and infrastructure projects. You will shape accounting, reporting, and revenue processes in a complex, multi-site environment and partner with leadership to influence project profitability and client relationships. You’ll oversee ERP changes, standardize collections, and coach a growing team to deliver timely, accurate project insights. This position offers high impact in a long-standing company driving energy transition and large-scale engineering initiatives.

Responsibilities

• Prepare monthly project lists, AR, revenue, labor, and profitability reports for leadership and project staff
• Manage month-end revenue recognition and WIP reports
• Oversee collections processes with external resources
• Resolve complex project setups and billing issues with project staff
• Oversee billing schedules for timely invoicing
• Monitor cash receipts and resolve credits from overpayments
• Audit monthly billings vs project spending for revenue integrity
• Oversee consultant payables and weekly check runs
• Maintain billing tables and rate schedules
• Lead reviews with project staff on client accounts with collection or profitability issues
• Provide training on billing and project profit management
• Oversee ERP changes to improve contract, billing, collection, and reporting processes
• Support marketing surveys, audits, and tax filings
• Recruit, train, and motivate the project accounting team
• Direct the Project Accounting team in accordance with policies and laws
• Hire, assign, and evaluate staff; manage performance; address issues
• Identify process improvements and implement changes for business value
• Ask clarifying questions to increase understanding
• Show initiative and act promptly to meet objectives
• Collaborate with cross-functional teams to achieve goals
• Enforce compliance with McDermott policies and procedures
• Ensure mandatory training completion by teams

Key requirements

• 15+ years of experience in oil and gas, EPCI, or construction
• Bachelor’s degree in Finance and Accounting plus relevant certification (CA/ACCA/CPA)
• Experience with project-based organizations and project implementations
• Strong leadership, delegation, and coaching abilities
• Excellent written and verbal communication
• Organized, accurate, detail-oriented
• Advanced technical skills (Excel, PowerPoint, Power BI, Oracle, OneStream)

• leadership
• communication
• ownership and initiative
• Excel
• PowerPoint
• Power BI

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