Job description

Job Description Summary

Job Description

Role / Job Description:

The Lead Project Finance Controller reports to GSI Region Finance Leader - North & South Europe has overall responsibility for all reporting and controlling requirements of the project, for proper consolidation of project results and for a comprehensive communication to secure consistent accounting and reporting of the project in terms of detailed scope and responsibilities as follows:

Cash Flow and Revenue/Margin management & controlling:

• Accountable for all financial issues on the project after tender phase (from contract award date to project close-out/ Final Acceptance Certificate).
• Always have full knowledge of all financial movements with regards to revenue, margin and cash. Ensure that such information is consistent, approved and reconciled on a regular basis in the ERP systems.
• Ensure global view of consolidated the financials of project, understand each partner's financial movements.
• With the Project Director/Project Manager and Cost Controller, define, consolidate, validate, and forecast trading and billing milestones to ensure consistent consolidated revenue recognition and cash.
• Invoice customer and create related invoice in the ERP system
• Ensure accurate foreign exchange coverage throughout the project life
• Check, control and monitor movements in Actual and Committed Costs, ask for corrections when necessary. Reassessment of Cost to complete is under Cost Control responsibility if CC function assigned.
• Manage and forecast cash movements monthly. Track cash-in overdue status, give alert and ensure that follow-up action plan is taking place.
• Provide input on claim valuation. (Note: Claim identification responsibility lies with the Project Director role, and detail claiming writing with the legal or contract management teams).
• Provide all necessary support to Project Director/ Project Manager on any financial issues.
• Provide all required information for External/Internal Auditors.

Process management & people coordination

• Responsible for timely and correct booking (Margin as Sold, current as sold, current forecast, internal flow elimination) from order booking to project completion.
• Ensure that project data reporting is in line between the ERP and the approved Project reviews.
• Prepare and participate in cash sessions: identification of invoicing triggering events, invoice format, steps from invoice generation until payment, preparation of project cash instruction.
• Active participation in billing and trading forecasting.
• Develop strong relationships and continuous communication flows with all project controllers in Project Participating units to ensure that working assumptions are shared, consistent and reported in a timely manner.
• Ensure that all financial processes & instructions and internal controls, including DoA, are implemented, robust and compliant.

Management reporting

• Prepare and attend the consolidated Project Reviews. Prepare the following documents for the consolidated Project Review, with significant input from Project Director: consolidated EAS sheets (via KEOPS), cash curve, trading, and billing plans.
• Produce all financial project reporting as requested by the project functions or project related units.

Accountabilities

• Ownership of timely invoicing with documentation and cash collection on the project.
• Accurate, timely production and consolidation of project financial statements, as well as reporting in the ERP system.
• Transparency and accuracy of project margin
• Coordinate and effectively manage all internal financial interfaces on the project such as participating units.
• Bachelors, Masters, CPA, or equivalent degree in Finance.
• Significant project finance experience, strong project accounting expertise in EPC projects (preferably in the Energy business).
• Fluency in English.
• Experience in SAP (modules PS and SD).
• Excellent interpersonal skills, ability to work in a multicultural team within a complex matrix environment.
• Problem solver with high integrity and ability to strategically prioritize work.

Desired characteristics

• Exceptional accounting background and operationally inclined in a projects / service industry.
• Humble: respectful, receptive, agile, eager to learn.
• Transparent: shares critical information, speaks with candor, contributes constructively.
• Focused: quick learner, strategically prioritizes work, committed.
• Problem solver: analytical-minded, challenges existing processes, critical thinker.
• Integrity: accepting and adhering to high moral, ethical and personal values in decisions, communications, actions and when dealing with others.

Additional Information